ADC vs SVCO: Correlation
How closely do Agree Realty Corporation (ADC) and Silvaco Group, Inc. (SVCO) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADC and SVCO?
Over the past 3 years, ADC and SVCO moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.25 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -320.3 %².
Among the 22 assets we track against ADC, SVCO sits near the bottom by co-movement, at rank #22. Correlation aside, the last 12 months split them widely, with SVCO ahead by 42.3 points (+4.9% versus +47.2%). Note the risk asymmetry: SVCO runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SVCO: side by side
| ADC (Agree Realty Corporation) | SVCO (Silvaco Group, Inc.) | |
|---|---|---|
| 1-year return | +4.9% | +47.2% |
| 5-year return | +21.4% | n/a |
| Volatility (ann.) | 16.6% | 80.2% |
| Beta vs S&P 500 | 0.09 | 1.47 |
| Max drawdown (3Y) | -13.0% | -83.8% |
| Market cap | $9.1B | $0.2B |
| P/E (trailing) | 39.8 | – |
| Dividend yield | 4.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADC | SVCO |
|---|---|---|
| 2022 | +3.5% | – |
| 2023 | -7.1% | – |
| 2024 | +17.2% | – |
| 2025 | +6.6% | -49.9% |
| 2026 | +4.1% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADC and SVCO good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADC and SVCO?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.41 over the last year and n/a over 5 years.
Is SVCO a good diversifier for ADC?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adc-vs-svco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adc-vs-svco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADC correlations · SVCO correlations
