ADBE vs INHD: Correlation
How closely do Adobe Inc. (ADBE) and Inno Holdings Inc. (INHD) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and INHD?
Over the past 3 years, ADBE and INHD moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.47) runs below the 3-year figure (-0.33). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -26144.5 %².
INHD is close to the least connected end of ADBE's tracked universe, ranking #31 of 32. Their recent paths diverged sharply: over the last 12 months ADBE outperformed by 80.9 percentage points (-18.9% for ADBE against -99.8% for INHD). Note the risk asymmetry: INHD runs 63.8 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.
ADBE vs INHD: side by side
| ADBE (Adobe Inc.) | INHD (Inno Holdings Inc.) | |
|---|---|---|
| 1-year return | -18.9% | -99.8% |
| 5-year return | -56.6% | n/a |
| Volatility (ann.) | 35.1% | 2238.2% |
| Beta vs S&P 500 | 1.04 | -0.52 |
| Max drawdown (3Y) | -69.5% | -100.0% |
| Market cap | $114.9B | – |
| P/E (trailing) | 15.6 | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADBE | INHD |
|---|---|---|
| 2022 | -40.7% | – |
| 2023 | +77.3% | – |
| 2024 | -25.5% | -67.3% |
| 2025 | -21.3% | -99.0% |
| 2026 | -17.4% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADBE and INHD good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADBE and INHD?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.47 over the last year and n/a over 5 years.
Is INHD a good diversifier for ADBE?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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: ADBE correlations · INHD correlations
