ADI vs DUK: Correlation
Measured on weekly returns over the past three years, Analog Devices (ADI) and Duke Energy (DUK) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and DUK?
On 3 years of weekly data the ADI/DUK correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is 0.01, and annualized covariance runs at -80.7 %².
Among the 51 assets we track against ADI, DUK ranks #43 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADI outperformed by 47.5 percentage points (+48.6% for ADI against +1.1% for DUK). This link changes with the market regime, having swung between -0.30 and 0.23 on a rolling one-year basis. Note the risk asymmetry: ADI runs 2.1 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.
ADI vs DUK: side by side
| ADI (Analog Devices) | DUK (Duke Energy) | |
|---|---|---|
| 1-year return | +48.6% | +1.1% |
| 5-year return | +143.1% | +39.8% |
| Volatility (ann.) | 32.6% | 15.9% |
| Beta vs S&P 500 | 1.56 | -0.09 |
| Max drawdown (3Y) | -32.2% | -11.6% |
| Market cap | $181.5B | $94.2B |
| P/E (trailing) | 44.6 | 18.3 |
| Dividend yield | 1.15% | 3.49% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | ADI | DUK |
|---|---|---|
| 2022 | -4.9% | +2.0% |
| 2023 | +23.4% | -1.6% |
| 2024 | +8.8% | +15.6% |
| 2025 | +29.8% | +12.7% |
| 2026 | +38.9% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and DUK good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADI and DUK?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.24 over the last year and 0.01 over 5 years.
Is DUK a good diversifier for ADI?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adi-vs-duk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adi-vs-duk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADI correlations · DUK correlations
