ADAG vs C: Correlation
How closely do Adagene Inc. (ADAG) and Citigroup (C) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAG and C?
On 3 years of weekly data the ADAG/C correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.17 over 3. The 5-year figure is -0.05, and annualized covariance runs at -465.3 %².
Within ADAG's tracked universe of 15 assets, C comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ADAG ahead by 38.2 points (+78.1% versus +39.9%). Note the risk asymmetry: ADAG runs 3.1 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 C: side by side
| ADAG (Adagene Inc.) | C (Citigroup) | |
|---|---|---|
| 1-year return | +78.1% | +39.9% |
| 5-year return | -76.8% | +119.6% |
| Volatility (ann.) | 93.1% | 30.3% |
| Beta vs S&P 500 | 0.48 | 1.39 |
| Max drawdown (3Y) | -66.5% | -31.3% |
| Market cap | $0.3B | $222.6B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 1.80% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ADAG | C |
|---|---|---|
| 2022 | -83.6% | -22.1% |
| 2023 | +45.7% | +19.0% |
| 2024 | +3.1% | +41.9% |
| 2025 | -5.0% | +70.4% |
| 2026 | +106.3% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and C good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADAG and C?
The ADAG/C correlation stands at -0.17 on a 3-year window (1 year: -0.24, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is C a good diversifier for ADAG?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adag-vs-c.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adag-vs-c/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: ADAG correlations · C correlations
