ADC vs CCI: Correlation
Agree Realty Corporation (ADC) and Crown Castle (CCI) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADC and CCI?
Across a 3-year window, the weekly returns of ADC and CCI correlate at 0.60, strong. The link has loosened recently: the 1-year correlation (0.46) runs below the 3-year figure (0.60). Stretching to 5 years gives 0.59, with an annualized covariance of 284.4 %².
Within ADC's tracked universe of 22 assets, CCI comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADC outperformed by 26.4 percentage points (+4.9% for ADC against -21.5% for CCI). One caveat on sizing: CCI is 1.7 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 CCI: side by side
| ADC (Agree Realty Corporation) | CCI (Crown Castle) | |
|---|---|---|
| 1-year return | +4.9% | -21.5% |
| 5-year return | +21.4% | -50.4% |
| Volatility (ann.) | 16.6% | 28.4% |
| Beta vs S&P 500 | 0.09 | 0.22 |
| Max drawdown (3Y) | -13.0% | -33.0% |
| Market cap | $9.1B | $32.8B |
| P/E (trailing) | 39.8 | 30.9 |
| Dividend yield | 4.26% | 5.63% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | ADC | CCI |
|---|---|---|
| 2022 | +3.5% | -32.6% |
| 2023 | -7.1% | -10.2% |
| 2024 | +17.2% | -16.4% |
| 2025 | +6.6% | +3.0% |
| 2026 | +4.1% | -13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADC and CCI good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADC and CCI?
As of 2026-08-27, the correlation of weekly returns between ADC and CCI is 0.60 over 3 years, 0.46 over 1 year and 0.59 over 5 years.
Is CCI a good diversifier for ADC?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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-cci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adc-vs-cci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADC correlations · CCI correlations
