ADM vs NYXH: Correlation
How closely do Archer Daniels Midland (ADM) and Nyxoah SA (NYXH) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and NYXH?
Across a 3-year window, the weekly returns of ADM and NYXH correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.27). Stretching to 5 years gives -0.16, with an annualized covariance of -784.6 %².
Out of 33 assets tracked against ADM, NYXH lands near the bottom at #29. Their recent paths diverged sharply: over the last 12 months ADM outperformed by 104.4 percentage points (+29.8% for ADM against -74.6% for NYXH). Risk is not evenly split, since NYXH carries 3.3 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 NYXH: side by side
| ADM (Archer Daniels Midland) | NYXH (Nyxoah SA) | |
|---|---|---|
| 1-year return | +29.8% | -74.6% |
| 5-year return | +51.7% | -94.7% |
| Volatility (ann.) | 29.9% | 98.9% |
| Beta vs S&P 500 | 0.24 | 1.24 |
| Max drawdown (3Y) | -46.0% | -93.3% |
| Market cap | $38.1B | $0.2B |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | NYXH |
|---|---|---|
| 2022 | +40.0% | -78.3% |
| 2023 | -20.4% | -7.0% |
| 2024 | -27.5% | +72.4% |
| 2025 | +18.2% | -42.5% |
| 2026 | +40.4% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and NYXH good diversifiers for each other?
Yes. With a correlation of -0.27, ADM and NYXH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADM and NYXH?
The ADM/NYXH correlation stands at -0.27 on a 3-year window (1 year: -0.04, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is NYXH a good diversifier for ADM?
Yes. With a correlation of -0.27, ADM and NYXH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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-nyxh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adm-vs-nyxh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADM correlations · NYXH correlations
