ADEA vs ADI: Correlation
How closely do Adeia Inc. (ADEA) and Analog Devices (ADI) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADEA and ADI?
Over the past 3 years, ADEA and ADI moved with a correlation of 0.49, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.49 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 771.7 %².
In ADEA's tracked universe of 12 assets, ADI sits right near the top at #1. The last year tells two different stories: ADEA led by 21.6 percentage points, +70.2% for ADEA against +48.6% for ADI.
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.
ADEA vs ADI: side by side
| ADEA (Adeia Inc.) | ADI (Analog Devices) | |
|---|---|---|
| 1-year return | +70.2% | +48.6% |
| 5-year return | +208.1% | +143.1% |
| Volatility (ann.) | 48.4% | 32.6% |
| Beta vs S&P 500 | 1.10 | 1.56 |
| Max drawdown (3Y) | -34.8% | -32.2% |
| Market cap | $2.9B | $181.5B |
| P/E (trailing) | 24.1 | 44.6 |
| Dividend yield | 0.77% | 1.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ADEA | ADI |
|---|---|---|
| 2022 | +18.5% | -4.9% |
| 2023 | +33.5% | +23.4% |
| 2024 | +14.8% | +8.8% |
| 2025 | +25.2% | +29.8% |
| 2026 | +52.9% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADEA and ADI good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADEA and ADI?
As of 2026-08-27, the correlation of weekly returns between ADEA and ADI is 0.49 over 3 years, 0.30 over 1 year and 0.40 over 5 years.
Is ADI a good diversifier for ADEA?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/adea-vs-adi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adea-vs-adi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADEA correlations · ADI correlations
