ADAM vs RITM: Correlation
Adamas Trust, Inc. (ADAM) and Rithm Capital Corp. (RITM) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAM and RITM?
Across a 3-year window, the weekly returns of ADAM and RITM correlate at 0.62, strong. The past 12 months show a weaker link (0.51) than the 3-year average (0.62). Stretching to 5 years gives 0.68, with an annualized covariance of 421.7 %².
RITM is one of the assets that tracks ADAM most closely: it ranks #2 out of the 12 assets we track against ADAM. Correlation aside, the last 12 months split them widely, with ADAM ahead by 67.8 points (+57.2% versus -10.6%). Risk is not evenly split, since ADAM carries 1.6 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 RITM: side by side
| ADAM (Adamas Trust, Inc.) | RITM (Rithm Capital Corp.) | |
|---|---|---|
| 1-year return | +57.2% | -10.6% |
| 5-year return | +6.4% | +53.6% |
| Volatility (ann.) | 32.7% | 20.9% |
| Beta vs S&P 500 | 0.82 | 0.67 |
| Max drawdown (3Y) | -38.7% | -27.3% |
| Market cap | $0.9B | $5.6B |
| P/E (trailing) | 5.8 | 16.7 |
| Dividend yield | 9.83% | 9.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADAM | RITM |
|---|---|---|
| 2022 | -20.8% | -14.4% |
| 2023 | -5.5% | +45.6% |
| 2024 | -19.3% | +11.1% |
| 2025 | +36.5% | +10.1% |
| 2026 | +43.6% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAM and RITM good diversifiers for each other?
Only partially. A correlation of 0.62 means ADAM and RITM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADAM and RITM?
As of 2026-08-27, the correlation of weekly returns between ADAM and RITM is 0.62 over 3 years, 0.51 over 1 year and 0.68 over 5 years.
Is RITM a good diversifier for ADAM?
Only partially. A correlation of 0.62 means ADAM and RITM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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-ritm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adam-vs-ritm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADAM correlations · RITM correlations
