ADI vs EL: Correlation
Analog Devices (ADI) and Estée Lauder Companies (The) (EL) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and EL?
On 3 years of weekly data the ADI/EL correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 673.2 %².
Among the 51 assets we track against ADI, EL ranks #38 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADI outperformed by 32.2 percentage points (+48.6% for ADI against +16.4% for EL). On a rolling one-year basis the correlation drifted between 0.26 and 0.67, a moderate band.
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 EL: side by side
| ADI (Analog Devices) | EL (Estée Lauder Companies (The)) | |
|---|---|---|
| 1-year return | +48.6% | +16.4% |
| 5-year return | +143.1% | -66.7% |
| Volatility (ann.) | 32.6% | 47.0% |
| Beta vs S&P 500 | 1.56 | 1.28 |
| Max drawdown (3Y) | -32.2% | -68.4% |
| Market cap | $181.5B | $38.4B |
| P/E (trailing) | 44.6 | 208.3 |
| Dividend yield | 1.15% | 1.33% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | ADI | EL |
|---|---|---|
| 2022 | -4.9% | -32.3% |
| 2023 | +23.4% | -40.1% |
| 2024 | +8.8% | -47.6% |
| 2025 | +29.8% | +42.1% |
| 2026 | +38.9% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and EL good diversifiers for each other?
Reasonably. At 0.44, ADI and EL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADI and EL?
The ADI/EL correlation stands at 0.44 on a 3-year window (1 year: 0.39, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is EL a good diversifier for ADI?
Reasonably. At 0.44, ADI and EL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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-el.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adi-vs-el/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADI correlations · EL correlations
