ADI vs EXC: Correlation
Measured on weekly returns over the past three years, Analog Devices (ADI) and Exelon (EXC) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and EXC?
On 3 years of weekly data the ADI/EXC correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.19 over 3. The 5-year figure is 0.03, and annualized covariance runs at -121.4 %².
By 3-year correlation, EXC places #45 of the 51 assets tracked against ADI. The last year tells two different stories: ADI led by 46.9 percentage points, +48.6% for ADI against +1.7% for EXC. The relationship is regime-dependent: the rolling one-year correlation swung between -0.34 and 0.40 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: ADI runs 1.7 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 EXC: side by side
| ADI (Analog Devices) | EXC (Exelon) | |
|---|---|---|
| 1-year return | +48.6% | +1.7% |
| 5-year return | +143.1% | +48.1% |
| Volatility (ann.) | 32.6% | 19.4% |
| Beta vs S&P 500 | 1.56 | -0.05 |
| Max drawdown (3Y) | -32.2% | -18.9% |
| Market cap | $181.5B | $45.3B |
| P/E (trailing) | 44.6 | 16.3 |
| Dividend yield | 1.15% | 3.69% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | ADI | EXC |
|---|---|---|
| 2022 | -4.9% | +8.3% |
| 2023 | +23.4% | -14.0% |
| 2024 | +8.8% | +9.2% |
| 2025 | +29.8% | +20.0% |
| 2026 | +38.9% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and EXC good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADI and EXC?
As of 2026-08-27, the correlation of weekly returns between ADI and EXC is -0.19 over 3 years, -0.19 over 1 year and 0.03 over 5 years.
Is EXC a good diversifier for ADI?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/adi-vs-exc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adi-vs-exc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADI correlations · EXC correlations
