ADAM vs GRI: Correlation
Measured on weekly returns over the past three years, Adamas Trust, Inc. (ADAM) and GRI Bio, Inc. (GRI) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAM and GRI?
Across a 3-year window, the weekly returns of ADAM and GRI correlate at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.35 over 3 years. Stretching to 5 years gives 0.18, with an annualized covariance of 1455.0 %².
GRI is close to the least connected end of ADAM's tracked universe, ranking #8 of 12. Correlation aside, the last 12 months split them widely, with ADAM ahead by 152.0 points (+57.2% versus -94.8%). Note the risk asymmetry: GRI runs 3.8 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.
ADAM vs GRI: side by side
| ADAM (Adamas Trust, Inc.) | GRI (GRI Bio, Inc.) | |
|---|---|---|
| 1-year return | +57.2% | -94.8% |
| 5-year return | +6.4% | -100.0% |
| Volatility (ann.) | 32.7% | 125.8% |
| Beta vs S&P 500 | 0.82 | 1.92 |
| Max drawdown (3Y) | -38.7% | -100.0% |
| Market cap | $0.9B | – |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 9.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADAM | GRI |
|---|---|---|
| 2022 | -20.8% | -95.2% |
| 2023 | -5.5% | -95.6% |
| 2024 | -19.3% | -97.6% |
| 2025 | +36.5% | -98.2% |
| 2026 | +43.6% | -70.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAM and GRI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADAM and GRI?
As of 2026-08-27, the correlation of weekly returns between ADAM and GRI is 0.35 over 3 years, 0.19 over 1 year and 0.18 over 5 years.
Is GRI a good diversifier for ADAM?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-gri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adam-vs-gri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADAM correlations · GRI correlations
