ADAG vs JPM: Correlation
How closely do Adagene Inc. (ADAG) and JPMorgan Chase (JPM) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAG and JPM?
Over the past 3 years, ADAG and JPM moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.22). Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -467.0 %².
Out of 15 assets tracked against ADAG, JPM lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with ADAG ahead by 57.5 points (+78.1% versus +20.6%). Note the risk asymmetry: ADAG runs 4.0 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 JPM: side by side
| ADAG (Adagene Inc.) | JPM (JPMorgan Chase) | |
|---|---|---|
| 1-year return | +78.1% | +20.6% |
| 5-year return | -76.8% | +150.2% |
| Volatility (ann.) | 93.1% | 23.2% |
| Beta vs S&P 500 | 0.48 | 1.01 |
| Max drawdown (3Y) | -66.5% | -24.4% |
| Market cap | $0.3B | $941.6B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 0.00% | 1.68% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ADAG | JPM |
|---|---|---|
| 2022 | -83.6% | -12.6% |
| 2023 | +45.7% | +30.6% |
| 2024 | +3.1% | +44.3% |
| 2025 | -5.0% | +37.3% |
| 2026 | +106.3% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and JPM good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADAG and JPM?
The ADAG/JPM correlation stands at -0.22 on a 3-year window (1 year: -0.41, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is JPM a good diversifier for ADAG?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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
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Related comparisons
Hubs: ADAG correlations · JPM correlations
