LLY vs THW: Correlation
Measured on weekly returns over the past three years, Lilly (Eli) (LLY) and abrdn World Healthcare Fund Shares of Beneficial Interest (THW) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLY and THW?
Across a 3-year window, the weekly returns of LLY and THW correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 304.5 %².
Among the 29 assets we track against LLY, THW ranks #12 by 3-year correlation. The last year tells two different stories: LLY led by 27.5 percentage points, +61.2% for LLY against +33.7% for THW. One caveat on sizing: LLY is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
LLY vs THW: side by side
| LLY (Lilly (Eli)) | THW (abrdn World Healthcare Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +61.2% | +33.7% |
| 5-year return | +369.2% | +40.2% |
| Volatility (ann.) | 36.6% | 21.4% |
| Beta vs S&P 500 | 0.57 | 0.75 |
| Max drawdown (3Y) | -34.5% | -25.4% |
| Market cap | $1,048.8B | $0.6B |
| P/E (trailing) | 40.0 | 6.6 |
| Dividend yield | 0.54% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | LLY | THW |
|---|---|---|
| 2022 | +34.3% | -1.2% |
| 2023 | +60.9% | -11.5% |
| 2024 | +33.3% | +5.4% |
| 2025 | +40.2% | +31.1% |
| 2026 | +10.0% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLY and THW good diversifiers for each other?
Reasonably. At 0.39, LLY and THW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LLY and THW?
As of 2026-08-27, the correlation of weekly returns between LLY and THW is 0.39 over 3 years, 0.40 over 1 year and 0.38 over 5 years.
Is THW a good diversifier for LLY?
Reasonably. At 0.39, LLY and THW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: LLY correlations · THW correlations
