ADCT vs FATE: Correlation
Measured on weekly returns over the past three years, ADC Therapeutics SA (ADCT) and Fate Therapeutics, Inc. (FATE) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADCT and FATE?
On 3 years of weekly data the ADCT/FATE correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.47 over 3. The 5-year figure is 0.43, and annualized covariance runs at 6021.4 %².
In ADCT's tracked universe of 15 assets, FATE sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months FATE outperformed by 192.0 percentage points (-65.2% for ADCT against +126.8% for FATE).
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.
ADCT vs FATE: side by side
| ADCT (ADC Therapeutics SA) | FATE (Fate Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -65.2% | +126.8% |
| 5-year return | -96.1% | -96.5% |
| Volatility (ann.) | 116.4% | 110.8% |
| Beta vs S&P 500 | 2.51 | 2.88 |
| Max drawdown (3Y) | -81.9% | -91.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADCT | FATE |
|---|---|---|
| 2022 | -81.0% | -82.8% |
| 2023 | -56.8% | -62.9% |
| 2024 | +19.9% | -55.9% |
| 2025 | +77.4% | -40.6% |
| 2026 | -68.3% | +159.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADCT and FATE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADCT and FATE?
The ADCT/FATE correlation stands at 0.47 on a 3-year window (1 year: 0.43, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is FATE a good diversifier for ADCT?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/adct-vs-fate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adct-vs-fate/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADCT correlations · FATE correlations
