ADCT vs OPAD: Correlation
How closely do ADC Therapeutics SA (ADCT) and Offerpad Solutions Inc. (OPAD) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADCT and OPAD?
Across a 3-year window, the weekly returns of ADCT and OPAD correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.70 versus -0.29 over 3 years. Stretching to 5 years gives -0.22, with an annualized covariance of -14798.6 %².
OPAD is close to the least connected end of ADCT's tracked universe, ranking #14 of 15. The last year tells two different stories: OPAD led by 98.5 percentage points, -65.2% for ADCT against +33.3% for OPAD. Note the risk asymmetry: OPAD runs 3.8 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.
ADCT vs OPAD: side by side
| ADCT (ADC Therapeutics SA) | OPAD (Offerpad Solutions Inc.) | |
|---|---|---|
| 1-year return | -65.2% | +33.3% |
| 5-year return | -96.1% | -96.7% |
| Volatility (ann.) | 116.4% | 440.7% |
| Beta vs S&P 500 | 2.51 | -1.25 |
| Max drawdown (3Y) | -81.9% | -95.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADCT | OPAD |
|---|---|---|
| 2022 | -81.0% | -92.8% |
| 2023 | -56.8% | +48.2% |
| 2024 | +19.9% | -72.2% |
| 2025 | +77.4% | -57.5% |
| 2026 | -68.3% | +270.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADCT and OPAD good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADCT and OPAD?
As of 2026-08-27, the correlation of weekly returns between ADCT and OPAD is -0.29 over 3 years, -0.70 over 1 year and -0.22 over 5 years.
Is OPAD a good diversifier for ADCT?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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-opad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adct-vs-opad/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADCT correlations · OPAD correlations
