ADI vs ST: Correlation
Analog Devices (ADI) and Sensata Technologies Holding plc (ST) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and ST?
Over the past 3 years, ADI and ST moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 741.0 %².
Among the 51 assets we track against ADI, ST ranks #24 by 3-year correlation. The last year tells two different stories: ADI led by 20.3 percentage points, +48.6% for ADI against +28.3% for ST.
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 ST: side by side
| ADI (Analog Devices) | ST (Sensata Technologies Holding plc) | |
|---|---|---|
| 1-year return | +48.6% | +28.3% |
| 5-year return | +143.1% | -25.4% |
| Volatility (ann.) | 32.6% | 36.0% |
| Beta vs S&P 500 | 1.56 | 1.30 |
| Max drawdown (3Y) | -32.2% | -58.4% |
| Market cap | $181.5B | $6.2B |
| P/E (trailing) | 44.6 | 68.5 |
| Dividend yield | 1.15% | 1.13% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADI | ST |
|---|---|---|
| 2022 | -4.9% | -34.0% |
| 2023 | +23.4% | -5.9% |
| 2024 | +8.8% | -26.1% |
| 2025 | +29.8% | +23.5% |
| 2026 | +38.9% | +28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and ST good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ADI and ST?
As of 2026-08-27, the correlation of weekly returns between ADI and ST is 0.63 over 3 years, 0.67 over 1 year and 0.64 over 5 years.
Is ST a good diversifier for ADI?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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-st.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adi-vs-st/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADI correlations · ST correlations
