ADM vs FMC: Correlation
Measured on weekly returns over the past three years, Archer Daniels Midland (ADM) and FMC Corporation (FMC) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and FMC?
On 3 years of weekly data the ADM/FMC correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.37 over 3. The 5-year figure is 0.37, and annualized covariance runs at 613.3 %².
Among the 33 assets we track against ADM, FMC ranks #9 by 3-year correlation. The last year tells two different stories: ADM led by 102.0 percentage points, +29.8% for ADM against -72.2% for FMC. Risk is not evenly split, since FMC carries 1.9 times the volatility of the other side.
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 FMC: side by side
| ADM (Archer Daniels Midland) | FMC (FMC Corporation) | |
|---|---|---|
| 1-year return | +29.8% | -72.2% |
| 5-year return | +51.7% | -86.6% |
| Volatility (ann.) | 29.9% | 56.2% |
| Beta vs S&P 500 | 0.24 | 0.82 |
| Max drawdown (3Y) | -46.0% | -87.3% |
| Market cap | $38.1B | $1.3B |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 2.57% | 7.40% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | FMC |
|---|---|---|
| 2022 | +40.0% | +15.7% |
| 2023 | -20.4% | -48.0% |
| 2024 | -27.5% | -19.7% |
| 2025 | +18.2% | -70.0% |
| 2026 | +40.4% | -22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and FMC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADM and FMC?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.41 over the last year and 0.37 over 5 years.
Is FMC a good diversifier for ADM?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adm-vs-fmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adm-vs-fmc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADM correlations · FMC correlations
