ADC vs VNQ: Correlation
Measured on weekly returns over the past three years, Agree Realty Corporation (ADC) and Vanguard Real Estate ETF (VNQ) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADC and VNQ?
Across a 3-year window, the weekly returns of ADC and VNQ correlate at 0.71, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 194.6 %².
By 3-year correlation, VNQ places #4 of the 22 assets tracked against ADC. The trailing year gives VNQ the advantage: +4.9% versus +10.3%, a 5.4-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 VNQ: side by side
| ADC (Agree Realty Corporation) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +4.9% | +10.3% |
| 5-year return | +21.4% | +9.5% |
| Volatility (ann.) | 16.6% | 16.6% |
| Beta vs S&P 500 | 0.09 | 0.59 |
| Max drawdown (3Y) | -13.0% | -17.5% |
| Market cap | $9.1B | – |
| P/E (trailing) | 39.8 | – |
| Dividend yield | 4.26% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | ADC | VNQ |
|---|---|---|
| 2022 | +3.5% | -26.3% |
| 2023 | -7.1% | +11.9% |
| 2024 | +17.2% | +4.8% |
| 2025 | +6.6% | +3.2% |
| 2026 | +4.1% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VNQ holds ADC at a 0.49% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ADC and VNQ good diversifiers for each other?
Only partially. A correlation of 0.71 means ADC and VNQ 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 VNQ?
As of 2026-08-27, the correlation of weekly returns between ADC and VNQ is 0.71 over 3 years, 0.72 over 1 year and 0.71 over 5 years.
Is VNQ a good diversifier for ADC?
Only partially. A correlation of 0.71 means ADC and VNQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adc-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADC correlations · VNQ correlations
