AAPL vs ADI: Correlation
Apple Inc. (AAPL) and Analog Devices (ADI) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and ADI?
Over the past 3 years, AAPL and ADI moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.40). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 352.7 %².
By 3-year correlation, ADI places #17 of the 32 assets tracked against AAPL. The trailing year gives ADI the advantage: +37.0% versus +48.6%, a 11.6-point spread. The relationship is regime-dependent: the rolling one-year correlation swung between 0.14 and 0.66 over the past three years, so this pair behaves very differently depending on the market environment.
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.
AAPL vs ADI: side by side
| AAPL (Apple Inc.) | ADI (Analog Devices) | |
|---|---|---|
| 1-year return | +37.0% | +48.6% |
| 5-year return | +110.6% | +143.1% |
| Volatility (ann.) | 27.2% | 32.6% |
| Beta vs S&P 500 | 1.06 | 1.56 |
| Max drawdown (3Y) | -33.4% | -32.2% |
| Market cap | $4,591.0B | $181.5B |
| P/E (trailing) | 36.1 | 44.6 |
| Dividend yield | 0.33% | 1.15% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AAPL | ADI |
|---|---|---|
| 2022 | -26.4% | -4.9% |
| 2023 | +49.0% | +23.4% |
| 2024 | +30.7% | +8.8% |
| 2025 | +9.1% | +29.8% |
| 2026 | +16.0% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAPL and ADI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AAPL and ADI?
The AAPL/ADI correlation stands at 0.40 on a 3-year window (1 year: 0.16, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is ADI a good diversifier for AAPL?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aapl-vs-adi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aapl-vs-adi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAPL correlations · ADI correlations
