ADM vs FUND: Correlation
How closely do Archer Daniels Midland (ADM) and Sprott Focus Trust, Inc. - Closed End Fund (FUND) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and FUND?
Over the past 3 years, ADM and FUND moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 198.1 %².
Within ADM's tracked universe of 33 assets, FUND comes in at #10 by 3-year correlation. Over the last 12 months FUND came out ahead by 9.3 percentage points (+29.8% against +39.1%). One caveat on sizing: ADM is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 FUND: side by side
| ADM (Archer Daniels Midland) | FUND (Sprott Focus Trust, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | +29.8% | +39.1% |
| 5-year return | +51.7% | +83.0% |
| Volatility (ann.) | 29.9% | 17.9% |
| Beta vs S&P 500 | 0.24 | 0.77 |
| Max drawdown (3Y) | -46.0% | -18.2% |
| Market cap | $38.1B | $0.3B |
| P/E (trailing) | 21.9 | 5.8 |
| Dividend yield | 2.57% | 5.36% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | FUND |
|---|---|---|
| 2022 | +40.0% | -1.2% |
| 2023 | -20.4% | +6.9% |
| 2024 | -27.5% | -1.0% |
| 2025 | +18.2% | +27.5% |
| 2026 | +40.4% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and FUND 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 FUND?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.37 over the last year and 0.42 over 5 years.
Is FUND 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?
On the −1 to +1 scale, 0.37 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-fund.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adm-vs-fund/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADM correlations · FUND correlations
