ADM vs MO: Correlation
Measured on weekly returns over the past three years, Archer Daniels Midland (ADM) and Altria (MO) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and MO?
Over the past 3 years, ADM and MO moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 236.2 %².
Among the 33 assets we track against ADM, MO ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ADM ahead by 21.0 points (+29.8% versus +8.8%). The rolling one-year correlation moved between 0.00 and 0.49 over the past three years, a moderate range.
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 MO: side by side
| ADM (Archer Daniels Midland) | MO (Altria) | |
|---|---|---|
| 1-year return | +29.8% | +8.8% |
| 5-year return | +51.7% | +100.4% |
| Volatility (ann.) | 29.9% | 21.8% |
| Beta vs S&P 500 | 0.24 | -0.07 |
| Max drawdown (3Y) | -46.0% | -16.4% |
| Market cap | $38.1B | $113.0B |
| P/E (trailing) | 21.9 | 14.6 |
| Dividend yield | 2.57% | 6.13% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | ADM | MO |
|---|---|---|
| 2022 | +40.0% | +4.4% |
| 2023 | -20.4% | -3.7% |
| 2024 | -27.5% | +40.8% |
| 2025 | +18.2% | +18.2% |
| 2026 | +40.4% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and MO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADM and MO?
As of 2026-08-27, the correlation of weekly returns between ADM and MO is 0.36 over 3 years, 0.44 over 1 year and 0.37 over 5 years.
Is MO a good diversifier for ADM?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ADM correlations · MO correlations
