ADM vs IVVD: Correlation
Archer Daniels Midland (ADM) and Invivyd, Inc. (IVVD) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and IVVD?
Over the past 3 years, ADM and IVVD moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.22). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1967.6 %².
Within ADM's tracked universe of 33 assets, IVVD comes in at #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADM outperformed by 26.5 percentage points (+29.8% for ADM against +3.3% for IVVD). Risk is not evenly split, since IVVD carries 10.2 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 IVVD: side by side
| ADM (Archer Daniels Midland) | IVVD (Invivyd, Inc.) | |
|---|---|---|
| 1-year return | +29.8% | +3.3% |
| 5-year return | +51.7% | -97.2% |
| Volatility (ann.) | 29.9% | 305.9% |
| Beta vs S&P 500 | 0.24 | 1.87 |
| Max drawdown (3Y) | -46.0% | -92.9% |
| Market cap | $38.1B | $0.3B |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | IVVD |
|---|---|---|
| 2022 | +40.0% | -79.3% |
| 2023 | -20.4% | +162.7% |
| 2024 | -27.5% | -88.8% |
| 2025 | +18.2% | +457.6% |
| 2026 | +40.4% | -63.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and IVVD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADM and IVVD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.07 over the last year and -0.19 over 5 years.
Is IVVD a good diversifier for ADM?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adm-vs-ivvd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adm-vs-ivvd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADM correlations · IVVD correlations
