ADAM vs EFC: Correlation
How closely do Adamas Trust, Inc. (ADAM) and Ellington Financial Inc. (EFC) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAM and EFC?
On 3 years of weekly data the ADAM/EFC correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 357.4 %².
Among the 12 assets we track against ADAM, EFC ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADAM outperformed by 46.5 percentage points (+57.2% for ADAM against +10.7% for EFC). Risk is not evenly split, since ADAM carries 1.7 times the volatility of the other side.
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.
ADAM vs EFC: side by side
| ADAM (Adamas Trust, Inc.) | EFC (Ellington Financial Inc.) | |
|---|---|---|
| 1-year return | +57.2% | +10.7% |
| 5-year return | +6.4% | +35.9% |
| Volatility (ann.) | 32.7% | 18.8% |
| Beta vs S&P 500 | 0.82 | 0.54 |
| Max drawdown (3Y) | -38.7% | -18.9% |
| Market cap | $0.9B | $1.8B |
| P/E (trailing) | 5.8 | 8.4 |
| Dividend yield | 9.83% | 11.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADAM | EFC |
|---|---|---|
| 2022 | -20.8% | -18.3% |
| 2023 | -5.5% | +18.2% |
| 2024 | -19.3% | +8.7% |
| 2025 | +36.5% | +26.1% |
| 2026 | +43.6% | +7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAM and EFC good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ADAM and EFC?
The ADAM/EFC correlation stands at 0.58 on a 3-year window (1 year: 0.51, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is EFC a good diversifier for ADAM?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adam-vs-efc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adam-vs-efc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADAM correlations · EFC correlations
