ADM vs ANDE: Correlation
Archer Daniels Midland (ADM) and The Andersons, Inc. (ANDE) 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 ADM and ANDE?
On 3 years of weekly data the ADM/ANDE correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 431.7 %².
ANDE is one of the assets that tracks ADM most closely: it ranks #2 out of the 33 assets we track against ADM. Their recent paths diverged sharply: over the last 12 months ANDE outperformed by 29.1 percentage points (+29.8% for ADM against +58.9% for ANDE).
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.
ADM vs ANDE: side by side
| ADM (Archer Daniels Midland) | ANDE (The Andersons, Inc.) | |
|---|---|---|
| 1-year return | +29.8% | +58.9% |
| 5-year return | +51.7% | +128.7% |
| Volatility (ann.) | 29.9% | 33.1% |
| Beta vs S&P 500 | 0.24 | 0.26 |
| Max drawdown (3Y) | -46.0% | -46.9% |
| Market cap | $38.1B | $2.2B |
| P/E (trailing) | 21.9 | 12.6 |
| Dividend yield | 2.57% | 1.21% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | ANDE |
|---|---|---|
| 2022 | +40.0% | -7.8% |
| 2023 | -20.4% | +67.0% |
| 2024 | -27.5% | -28.8% |
| 2025 | +18.2% | +33.8% |
| 2026 | +40.4% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and ANDE good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADM and ANDE?
The ADM/ANDE correlation stands at 0.44 on a 3-year window (1 year: 0.52, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is ANDE a good diversifier for ADM?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/adm-vs-ande.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adm-vs-ande/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADM correlations · ANDE correlations
