ADM vs DAR: Correlation
How closely do Archer Daniels Midland (ADM) and Darling Ingredients Inc. (DAR) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and DAR?
Across a 3-year window, the weekly returns of ADM and DAR correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.41). Stretching to 5 years gives 0.47, with an annualized covariance of 462.7 %².
DAR is one of the assets that tracks ADM most closely: it ranks #3 out of the 33 assets we track against ADM. Their recent paths diverged sharply: over the last 12 months DAR outperformed by 48.5 percentage points (+29.8% for ADM against +78.3% for DAR).
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 DAR: side by side
| ADM (Archer Daniels Midland) | DAR (Darling Ingredients Inc.) | |
|---|---|---|
| 1-year return | +29.8% | +78.3% |
| 5-year return | +51.7% | -19.2% |
| Volatility (ann.) | 29.9% | 37.8% |
| Beta vs S&P 500 | 0.24 | 0.63 |
| Max drawdown (3Y) | -46.0% | -56.0% |
| Market cap | $38.1B | $9.7B |
| P/E (trailing) | 21.9 | 16.8 |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | DAR |
|---|---|---|
| 2022 | +40.0% | -9.7% |
| 2023 | -20.4% | -20.4% |
| 2024 | -27.5% | -32.4% |
| 2025 | +18.2% | +6.9% |
| 2026 | +40.4% | +70.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and DAR good diversifiers for each other?
Reasonably. At 0.41, ADM and DAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADM and DAR?
The ADM/DAR correlation stands at 0.41 on a 3-year window (1 year: 0.59, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is DAR a good diversifier for ADM?
Reasonably. At 0.41, ADM and DAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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-dar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adm-vs-dar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADM correlations · DAR correlations
