ADAG vs WFC: Correlation
How closely do Adagene Inc. (ADAG) and Wells Fargo (WFC) 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 WFC?
Across a 3-year window, the weekly returns of ADAG and WFC correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.06, with an annualized covariance of -606.9 %².
Out of 15 assets tracked against ADAG, WFC lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with ADAG ahead by 72.9 points (+78.1% versus +5.2%). One caveat on sizing: ADAG is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WFC: side by side
| ADAG (Adagene Inc.) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | +78.1% | +5.2% |
| 5-year return | -76.8% | +98.3% |
| Volatility (ann.) | 93.1% | 29.7% |
| Beta vs S&P 500 | 0.48 | 0.98 |
| Max drawdown (3Y) | -66.5% | -24.7% |
| Market cap | $0.3B | $256.9B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.00% | 2.11% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ADAG | WFC |
|---|---|---|
| 2022 | -83.6% | -11.9% |
| 2023 | +45.7% | +22.9% |
| 2024 | +3.1% | +46.5% |
| 2025 | -5.0% | +35.6% |
| 2026 | +106.3% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and WFC good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADAG and WFC?
The ADAG/WFC correlation stands at -0.22 on a 3-year window (1 year: -0.41, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is WFC a good diversifier for ADAG?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
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Related comparisons
Hubs: ADAG correlations · WFC correlations
