ELV vs. ABBV
Compare and contrast key facts about Elevance Health Inc (ELV) and AbbVie Inc. (ABBV).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ELV or ABBV.
Correlation
The correlation between ELV and ABBV is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ELV vs. ABBV - Performance Comparison
Key characteristics
ELV:
-0.82
ABBV:
0.86
ELV:
-0.98
ABBV:
1.18
ELV:
0.86
ABBV:
1.19
ELV:
-0.55
ABBV:
1.07
ELV:
-1.48
ABBV:
2.91
ELV:
12.85%
ABBV:
7.03%
ELV:
23.30%
ABBV:
23.76%
ELV:
-67.19%
ABBV:
-45.09%
ELV:
-33.20%
ABBV:
-11.71%
Fundamentals
ELV:
$84.95B
ABBV:
$309.92B
ELV:
$27.47
ABBV:
$2.88
ELV:
13.33
ABBV:
60.90
ELV:
0.68
ABBV:
0.42
ELV:
$174.02B
ABBV:
$55.53B
ELV:
$48.61B
ABBV:
$42.68B
ELV:
$10.82B
ABBV:
$24.24B
Returns By Period
In the year-to-date period, ELV achieves a -19.85% return, which is significantly lower than ABBV's 20.40% return. Over the past 10 years, ELV has underperformed ABBV with an annualized return of 12.98%, while ABBV has yielded a comparatively higher 15.09% annualized return.
ELV
-19.85%
-6.98%
-29.83%
-19.00%
5.43%
12.98%
ABBV
20.40%
1.72%
7.24%
20.43%
20.00%
15.09%
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Risk-Adjusted Performance
ELV vs. ABBV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elevance Health Inc (ELV) and AbbVie Inc. (ABBV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ELV vs. ABBV - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.75%, less than ABBV's 3.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 1.75% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% | 1.39% | 1.62% |
ABBV AbbVie Inc. | 3.44% | 3.82% | 3.49% | 3.84% | 4.41% | 4.83% | 3.89% | 2.65% | 3.64% | 3.41% | 2.54% | 3.03% |
Drawdowns
ELV vs. ABBV - Drawdown Comparison
The maximum ELV drawdown since its inception was -67.19%, which is greater than ABBV's maximum drawdown of -45.09%. Use the drawdown chart below to compare losses from any high point for ELV and ABBV. For additional features, visit the drawdowns tool.
Volatility
ELV vs. ABBV - Volatility Comparison
Elevance Health Inc (ELV) has a higher volatility of 7.01% compared to AbbVie Inc. (ABBV) at 5.89%. This indicates that ELV's price experiences larger fluctuations and is considered to be riskier than ABBV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ELV vs. ABBV - Financials Comparison
This section allows you to compare key financial metrics between Elevance Health Inc and AbbVie Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities