ADCT vs FULC: Correlation
How closely do ADC Therapeutics SA (ADCT) and Fulcrum Therapeutics, Inc. (FULC) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADCT and FULC?
On 3 years of weekly data the ADCT/FULC correlation comes out at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.42). The 5-year figure is 0.39, and annualized covariance runs at 4589.1 %².
Within ADCT's tracked universe of 15 assets, FULC comes in at #7 by 3-year correlation. The last year tells two different stories: FULC led by 23.3 percentage points, -65.2% for ADCT against -41.9% for FULC.
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 FULC: side by side
| ADCT (ADC Therapeutics SA) | FULC (Fulcrum Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -65.2% | -41.9% |
| 5-year return | -96.1% | -86.0% |
| Volatility (ann.) | 116.4% | 92.9% |
| Beta vs S&P 500 | 2.51 | 1.49 |
| Max drawdown (3Y) | -81.9% | -79.1% |
| 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 | FULC |
|---|---|---|
| 2022 | -81.0% | -58.8% |
| 2023 | -56.8% | -7.3% |
| 2024 | +19.9% | -30.4% |
| 2025 | +77.4% | +140.6% |
| 2026 | -68.3% | -66.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADCT and FULC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADCT and FULC?
As of 2026-08-27, the correlation of weekly returns between ADCT and FULC is 0.42 over 3 years, 0.67 over 1 year and 0.39 over 5 years.
Is FULC a good diversifier for ADCT?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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-fulc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adct-vs-fulc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADCT correlations · FULC correlations
