ADCT vs SPY: Correlation
Measured on weekly returns over the past three years, ADC Therapeutics SA (ADCT) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADCT and SPY?
Across a 3-year window, the weekly returns of ADCT and SPY correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 523.6 %².
SPY is close to the least connected end of ADCT's tracked universe, ranking #11 of 15. The last year tells two different stories: SPY led by 85.8 percentage points, -65.2% for ADCT against +20.6% for SPY. Note the risk asymmetry: ADCT runs 8.0 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 SPY: side by side
| ADCT (ADC Therapeutics SA) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -65.2% | +20.6% |
| 5-year return | -96.1% | +82.4% |
| Volatility (ann.) | 116.4% | 14.5% |
| Beta vs S&P 500 | 2.51 | 1.00 |
| Max drawdown (3Y) | -81.9% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | ADCT | SPY |
|---|---|---|
| 2022 | -81.0% | -18.2% |
| 2023 | -56.8% | +26.2% |
| 2024 | +19.9% | +24.9% |
| 2025 | +77.4% | +17.7% |
| 2026 | -68.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADCT and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADCT and SPY?
The ADCT/SPY correlation stands at 0.31 on a 3-year window (1 year: 0.29, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for ADCT?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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.
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Related comparisons
Hubs: ADCT correlations · SPY correlations
