ADC vs NNN: Correlation
Measured on weekly returns over the past three years, Agree Realty Corporation (ADC) and NNN REIT, Inc. (NNN) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADC and NNN?
On 3 years of weekly data the ADC/NNN correlation comes out at 0.75, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 235.2 %².
In ADC's tracked universe of 22 assets, NNN sits right near the top at #1. On 12-month performance NNN holds a 8.2-point edge, +4.9% against +13.1%.
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 NNN: side by side
| ADC (Agree Realty Corporation) | NNN (NNN REIT, Inc.) | |
|---|---|---|
| 1-year return | +4.9% | +13.1% |
| 5-year return | +21.4% | +25.1% |
| Volatility (ann.) | 16.6% | 18.8% |
| Beta vs S&P 500 | 0.09 | 0.31 |
| Max drawdown (3Y) | -13.0% | -22.0% |
| Market cap | $9.1B | $8.6B |
| P/E (trailing) | 39.8 | 22.3 |
| Dividend yield | 4.26% | 5.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADC | NNN |
|---|---|---|
| 2022 | +3.5% | -0.0% |
| 2023 | -7.1% | -0.6% |
| 2024 | +17.2% | -0.1% |
| 2025 | +6.6% | +2.8% |
| 2026 | +4.1% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADC and NNN good diversifiers for each other?
Only partially. A correlation of 0.75 means ADC and NNN 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 NNN?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.76 over the last year and 0.76 over 5 years.
Is NNN a good diversifier for ADC?
Only partially. A correlation of 0.75 means ADC and NNN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/adc-vs-nnn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adc-vs-nnn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADC correlations · NNN correlations
