AD vs NYC: Correlation
How closely do Array Digital Infrastructure, Inc. (AD) and American Strategic Investment Co. (NYC) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AD and NYC?
On 3 years of weekly data the AD/NYC correlation comes out at 0.30, moderate. The past 12 months show a weaker link (-0.11) than the 3-year average (0.30). The 5-year figure is -0.00, and annualized covariance runs at 738.8 %².
Among the 13 assets we track against AD, NYC ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AD outperformed by 39.3 percentage points (-0.3% for AD against -39.6% for NYC).
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.
AD vs NYC: side by side
| AD (Array Digital Infrastructure, Inc.) | NYC (American Strategic Investment Co.) | |
|---|---|---|
| 1-year return | -0.3% | -39.6% |
| 5-year return | +142.7% | -9.2% |
| Volatility (ann.) | 42.1% | 59.5% |
| Beta vs S&P 500 | 0.68 | 0.56 |
| Max drawdown (3Y) | -32.0% | -60.0% |
| Market cap | $3.1B | – |
| P/E (trailing) | 4.6 | 1.2 |
| Dividend yield | 30.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AD | NYC |
|---|---|---|
| 2022 | -33.9% | -80.8% |
| 2023 | +99.2% | +350.3% |
| 2024 | +51.0% | +6.5% |
| 2025 | +22.6% | -2.4% |
| 2026 | +1.0% | -21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AD and NYC good diversifiers for each other?
Reasonably. At 0.30, AD and NYC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AD and NYC?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with -0.11 over the last year and -0.00 over 5 years.
Is NYC a good diversifier for AD?
Reasonably. At 0.30, AD and NYC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/ad-vs-nyc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ad-vs-nyc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AD correlations · NYC correlations
