ADAG vs BAC: Correlation
Adagene Inc. (ADAG) and Bank of America (BAC) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAG and BAC?
Over the past 3 years, ADAG and BAC moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.19 over 3 years. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -470.5 %².
BAC is close to the least connected end of ADAG's tracked universe, ranking #12 of 15. Correlation aside, the last 12 months split them widely, with ADAG ahead by 54.0 points (+78.1% versus +24.1%). Note the risk asymmetry: ADAG runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ADAG vs BAC: side by side
| ADAG (Adagene Inc.) | BAC (Bank of America) | |
|---|---|---|
| 1-year return | +78.1% | +24.1% |
| 5-year return | -76.8% | +66.0% |
| Volatility (ann.) | 93.1% | 26.5% |
| Beta vs S&P 500 | 0.48 | 1.11 |
| Max drawdown (3Y) | -66.5% | -27.5% |
| Market cap | $0.3B | $427.7B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 1.80% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ADAG | BAC |
|---|---|---|
| 2022 | -83.6% | -23.8% |
| 2023 | +45.7% | +4.8% |
| 2024 | +3.1% | +33.9% |
| 2025 | -5.0% | +28.0% |
| 2026 | +106.3% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and BAC good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADAG and BAC?
The ADAG/BAC correlation stands at -0.19 on a 3-year window (1 year: -0.33, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is BAC a good diversifier for ADAG?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/adag-vs-bac.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adag-vs-bac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADAG correlations · BAC correlations
