ADM vs HZO: Correlation
Archer Daniels Midland (ADM) and MarineMax, Inc. (FL) (HZO) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and HZO?
Over the past 3 years, ADM and HZO moved with a correlation of 0.37, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.37 over 3 years. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 637.5 %².
By 3-year correlation, HZO places #11 of the 33 assets tracked against ADM. The last year tells two different stories: HZO led by 57.0 percentage points, +29.8% for ADM against +86.8% for HZO. One caveat on sizing: HZO is 1.9 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 HZO: side by side
| ADM (Archer Daniels Midland) | HZO (MarineMax, Inc. (FL)) | |
|---|---|---|
| 1-year return | +29.8% | +86.8% |
| 5-year return | +51.7% | +5.1% |
| Volatility (ann.) | 29.9% | 57.2% |
| Beta vs S&P 500 | 0.24 | 1.70 |
| Max drawdown (3Y) | -46.0% | -55.0% |
| Market cap | $38.1B | $1.2B |
| P/E (trailing) | 21.9 | 326.2 |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | HZO |
|---|---|---|
| 2022 | +40.0% | -47.1% |
| 2023 | -20.4% | +24.6% |
| 2024 | -27.5% | -25.6% |
| 2025 | +18.2% | -16.3% |
| 2026 | +40.4% | +115.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and HZO good diversifiers for each other?
Reasonably. At 0.37, ADM and HZO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADM and HZO?
As of 2026-08-27, the correlation of weekly returns between ADM and HZO is 0.37 over 3 years, 0.23 over 1 year and 0.32 over 5 years.
Is HZO a good diversifier for ADM?
Reasonably. At 0.37, ADM and HZO keep a meaningful degree of independence, and combining them has historically reduced portfolio 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-hzo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adm-vs-hzo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADM correlations · HZO correlations
