ADM vs RIG: Correlation
Measured on weekly returns over the past three years, Archer Daniels Midland (ADM) and Transocean Ltd (Switzerland) (RIG) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and RIG?
On 3 years of weekly data the ADM/RIG correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 573.0 %².
Within ADM's tracked universe of 33 assets, RIG comes in at #12 by 3-year correlation. The last year tells two different stories: RIG led by 51.3 percentage points, +29.8% for ADM against +81.1% for RIG. Risk is not evenly split, since RIG carries 1.7 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 RIG: side by side
| ADM (Archer Daniels Midland) | RIG (Transocean Ltd (Switzerland)) | |
|---|---|---|
| 1-year return | +29.8% | +81.1% |
| 5-year return | +51.7% | +61.7% |
| Volatility (ann.) | 29.9% | 51.9% |
| Beta vs S&P 500 | 0.24 | 0.93 |
| Max drawdown (3Y) | -46.0% | -75.5% |
| Market cap | $38.1B | $6.4B |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 2.57% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | RIG |
|---|---|---|
| 2022 | +40.0% | +65.2% |
| 2023 | -20.4% | +39.3% |
| 2024 | -27.5% | -40.9% |
| 2025 | +18.2% | +10.1% |
| 2026 | +40.4% | +39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and RIG good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADM and RIG?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.43 over the last year and 0.44 over 5 years.
Is RIG a good diversifier for ADM?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-rig.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adm-vs-rig/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADM correlations · RIG correlations
