ADC vs O: Correlation
Measured on weekly returns over the past three years, Agree Realty Corporation (ADC) and Realty Income (O) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADC and O?
Across a 3-year window, the weekly returns of ADC and O correlate at 0.74, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.74 over 3. Stretching to 5 years gives 0.76, with an annualized covariance of 213.2 %².
O is one of the assets that tracks ADC most closely: it ranks #2 out of the 22 assets we track against ADC. The trailing year gives O the advantage: +4.9% versus +11.3%, a 6.4-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 O: side by side
| ADC (Agree Realty Corporation) | O (Realty Income) | |
|---|---|---|
| 1-year return | +4.9% | +11.3% |
| 5-year return | +21.4% | +14.5% |
| Volatility (ann.) | 16.6% | 17.3% |
| Beta vs S&P 500 | 0.09 | 0.21 |
| Max drawdown (3Y) | -13.0% | -19.3% |
| Market cap | $9.1B | $58.5B |
| P/E (trailing) | 39.8 | 45.4 |
| Dividend yield | 4.26% | 5.20% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | ADC | O |
|---|---|---|
| 2022 | +3.5% | -7.4% |
| 2023 | -7.1% | -4.5% |
| 2024 | +17.2% | -2.1% |
| 2025 | +6.6% | +12.2% |
| 2026 | +4.1% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADC and O good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADC and O?
As of 2026-08-27, the correlation of weekly returns between ADC and O is 0.74 over 3 years, 0.74 over 1 year and 0.76 over 5 years.
Is O a good diversifier for ADC?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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-o.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adc-vs-o/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADC correlations · O correlations
