ADM vs DGICB: Correlation
Measured on weekly returns over the past three years, Archer Daniels Midland (ADM) and Donegal Group, Inc. (DGICB) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and DGICB?
On 3 years of weekly data the ADM/DGICB correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.21 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -254.3 %².
Within ADM's tracked universe of 33 assets, DGICB comes in at #24 by 3-year correlation. The last year tells two different stories: DGICB led by 38.5 percentage points, +29.8% for ADM against +68.3% for DGICB.
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 DGICB: side by side
| ADM (Archer Daniels Midland) | DGICB (Donegal Group, Inc.) | |
|---|---|---|
| 1-year return | +29.8% | +68.3% |
| 5-year return | +51.7% | +82.3% |
| Volatility (ann.) | 29.9% | 41.5% |
| Beta vs S&P 500 | 0.24 | 0.15 |
| Max drawdown (3Y) | -46.0% | -30.3% |
| Market cap | $38.1B | $0.9B |
| P/E (trailing) | 21.9 | 12.1 |
| Dividend yield | 2.57% | 3.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | DGICB |
|---|---|---|
| 2022 | +40.0% | +25.8% |
| 2023 | -20.4% | -6.8% |
| 2024 | -27.5% | +1.6% |
| 2025 | +18.2% | +30.8% |
| 2026 | +40.4% | +34.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and DGICB good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADM and DGICB?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.40 over the last year and -0.12 over 5 years.
Is DGICB a good diversifier for ADM?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-dgicb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adm-vs-dgicb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADM correlations · DGICB correlations
