ADC vs AMT: Correlation
Agree Realty Corporation (ADC) and American Tower (AMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADC and AMT?
Over the past 3 years, ADC and AMT moved with a correlation of 0.57, which is moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.57). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 255.8 %².
By 3-year correlation, AMT places #13 of the 22 assets tracked against ADC. Their recent paths diverged sharply: over the last 12 months ADC outperformed by 15.9 percentage points (+4.9% for ADC against -11.0% for AMT). One caveat on sizing: AMT is 1.6 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.
ADC vs AMT: side by side
| ADC (Agree Realty Corporation) | AMT (American Tower) | |
|---|---|---|
| 1-year return | +4.9% | -11.0% |
| 5-year return | +21.4% | -30.2% |
| Volatility (ann.) | 16.6% | 27.1% |
| Beta vs S&P 500 | 0.09 | 0.18 |
| Max drawdown (3Y) | -13.0% | -28.4% |
| Market cap | $9.1B | $81.2B |
| P/E (trailing) | 39.8 | 24.2 |
| Dividend yield | 4.26% | 3.97% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | ADC | AMT |
|---|---|---|
| 2022 | +3.5% | -25.7% |
| 2023 | -7.1% | +5.4% |
| 2024 | +17.2% | -12.2% |
| 2025 | +6.6% | -0.9% |
| 2026 | +4.1% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADC and AMT good diversifiers for each other?
Only partially. A correlation of 0.57 means ADC and AMT 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 ADC and AMT?
As of 2026-08-27, the correlation of weekly returns between ADC and AMT is 0.57 over 3 years, 0.42 over 1 year and 0.59 over 5 years.
Is AMT a good diversifier for ADC?
Only partially. A correlation of 0.57 means ADC and AMT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adc-vs-amt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adc-vs-amt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADC correlations · AMT correlations
