ACET vs ADAG: Correlation
Measured on weekly returns over the past three years, Adicet Bio, Inc. (ACET) and Adagene Inc. (ADAG) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACET and ADAG?
Across a 3-year window, the weekly returns of ACET and ADAG correlate at 0.28, weak. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Stretching to 5 years gives 0.23, with an annualized covariance of 2124.9 %².
Among the 15 assets we track against ACET, ADAG sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with ADAG ahead by 103.6 points (-25.5% versus +78.1%).
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.
ACET vs ADAG: side by side
| ACET (Adicet Bio, Inc.) | ADAG (Adagene Inc.) | |
|---|---|---|
| 1-year return | -25.5% | +78.1% |
| 5-year return | -93.0% | -76.8% |
| Volatility (ann.) | 80.6% | 93.1% |
| Beta vs S&P 500 | 1.88 | 0.48 |
| Max drawdown (3Y) | -88.9% | -66.5% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACET | ADAG |
|---|---|---|
| 2022 | -48.9% | -83.6% |
| 2023 | -78.9% | +45.7% |
| 2024 | -49.1% | +3.1% |
| 2025 | -45.3% | -5.0% |
| 2026 | +7.0% | +106.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACET and ADAG good diversifiers for each other?
Reasonably. At 0.28, ACET and ADAG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACET and ADAG?
As of 2026-08-27, the correlation of weekly returns between ACET and ADAG is 0.28 over 3 years, 0.35 over 1 year and 0.23 over 5 years.
Is ADAG a good diversifier for ACET?
Reasonably. At 0.28, ACET and ADAG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acet-vs-adag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acet-vs-adag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACET correlations · ADAG correlations
