ADC vs NTST: Correlation
Agree Realty Corporation (ADC) and NetSTREIT Corp. (NTST) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADC and NTST?
Over the past 3 years, ADC and NTST moved with a correlation of 0.70, which is strong. The link has tightened recently: the 1-year correlation (0.80) runs above the 3-year figure (0.70). Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 271.6 %².
Within ADC's tracked universe of 22 assets, NTST comes in at #7 by 3-year correlation. The trailing year gives NTST the advantage: +4.9% versus +17.0%, a 12.1-point spread.
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 NTST: side by side
| ADC (Agree Realty Corporation) | NTST (NetSTREIT Corp.) | |
|---|---|---|
| 1-year return | +4.9% | +17.0% |
| 5-year return | +21.4% | -2.0% |
| Volatility (ann.) | 16.6% | 23.4% |
| Beta vs S&P 500 | 0.09 | 0.44 |
| Max drawdown (3Y) | -13.0% | -23.0% |
| Market cap | $9.1B | $2.1B |
| P/E (trailing) | 39.8 | 146.6 |
| Dividend yield | 4.26% | 4.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADC | NTST |
|---|---|---|
| 2022 | +3.5% | -16.8% |
| 2023 | -7.1% | +2.1% |
| 2024 | +17.2% | -16.7% |
| 2025 | +6.6% | +31.2% |
| 2026 | +4.1% | +18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADC and NTST good diversifiers for each other?
Only partially. A correlation of 0.70 means ADC and NTST 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 NTST?
As of 2026-08-27, the correlation of weekly returns between ADC and NTST is 0.70 over 3 years, 0.80 over 1 year and 0.62 over 5 years.
Is NTST a good diversifier for ADC?
Only partially. A correlation of 0.70 means ADC and NTST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 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-ntst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adc-vs-ntst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADC correlations · NTST correlations
