ADM vs O: Correlation
How closely do Archer Daniels Midland (ADM) and Realty Income (O) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and O?
Over the past 3 years, ADM and O moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 184.6 %².
By 3-year correlation, O places #14 of the 33 assets tracked against ADM. The last year tells two different stories: ADM led by 18.5 percentage points, +29.8% for ADM against +11.3% for O. Across three years, the rolling one-year figure varied moderately, from 0.10 to 0.59. Note the risk asymmetry: ADM runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 O: side by side
| ADM (Archer Daniels Midland) | O (Realty Income) | |
|---|---|---|
| 1-year return | +29.8% | +11.3% |
| 5-year return | +51.7% | +14.5% |
| Volatility (ann.) | 29.9% | 17.3% |
| Beta vs S&P 500 | 0.24 | 0.21 |
| Max drawdown (3Y) | -46.0% | -19.3% |
| Market cap | $38.1B | $58.5B |
| P/E (trailing) | 21.9 | 45.4 |
| Dividend yield | 2.57% | 5.20% |
| Sector / category | Consumer Staples | Real Estate |
Year-by-year returns
| Year | ADM | O |
|---|---|---|
| 2022 | +40.0% | -7.4% |
| 2023 | -20.4% | -4.5% |
| 2024 | -27.5% | -2.1% |
| 2025 | +18.2% | +12.2% |
| 2026 | +40.4% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and O 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 O?
As of 2026-08-27, the correlation of weekly returns between ADM and O is 0.36 over 3 years, 0.36 over 1 year and 0.37 over 5 years.
Is O 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?
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-o.json
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Related comparisons
Hubs: ADM correlations · O correlations
