ADEA vs STM: Correlation
Adeia Inc. (ADEA) and STMicroelectronics N.V. (STM) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADEA and STM?
Across a 3-year window, the weekly returns of ADEA and STM correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 971.6 %².
By 3-year correlation, STM places #5 of the 12 assets tracked against ADEA. The last year tells two different stories: STM led by 20.8 percentage points, +70.2% for ADEA against +91.0% for STM.
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 STM: side by side
| ADEA (Adeia Inc.) | STM (STMicroelectronics N.V.) | |
|---|---|---|
| 1-year return | +70.2% | +91.0% |
| 5-year return | +208.1% | +19.4% |
| Volatility (ann.) | 48.4% | 46.5% |
| Beta vs S&P 500 | 1.10 | 1.62 |
| Max drawdown (3Y) | -34.8% | -64.6% |
| Market cap | $2.9B | $45.8B |
| P/E (trailing) | 24.1 | – |
| Dividend yield | 0.77% | 0.72% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADEA | STM |
|---|---|---|
| 2022 | +18.5% | -26.8% |
| 2023 | +33.5% | +41.7% |
| 2024 | +14.8% | -49.7% |
| 2025 | +25.2% | +5.3% |
| 2026 | +52.9% | +98.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADEA and STM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADEA and STM?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.36 over the last year and 0.40 over 5 years.
Is STM a good diversifier for ADEA?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adea-vs-stm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adea-vs-stm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADEA correlations · STM correlations
