ADM vs STZ: Correlation
Measured on weekly returns over the past three years, Archer Daniels Midland (ADM) and Constellation Brands (STZ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and STZ?
Across a 3-year window, the weekly returns of ADM and STZ correlate at 0.23, weak. The past 12 months show a weaker link (0.03) than the 3-year average (0.23). Stretching to 5 years gives 0.27, with an annualized covariance of 184.3 %².
Among the 33 assets we track against ADM, STZ ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADM outperformed by 45.5 percentage points (+29.8% for ADM against -15.7% for STZ). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.01 to 0.63.
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 STZ: side by side
| ADM (Archer Daniels Midland) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | +29.8% | -15.7% |
| 5-year return | +51.7% | -31.9% |
| Volatility (ann.) | 29.9% | 26.6% |
| Beta vs S&P 500 | 0.24 | 0.41 |
| Max drawdown (3Y) | -46.0% | -51.3% |
| Market cap | $38.1B | $22.4B |
| P/E (trailing) | 21.9 | 12.8 |
| Dividend yield | 2.57% | 3.04% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | ADM | STZ |
|---|---|---|
| 2022 | +40.0% | -6.4% |
| 2023 | -20.4% | +5.8% |
| 2024 | -27.5% | -7.1% |
| 2025 | +18.2% | -36.0% |
| 2026 | +40.4% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and STZ good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADM and STZ?
As of 2026-08-27, the correlation of weekly returns between ADM and STZ is 0.23 over 3 years, 0.03 over 1 year and 0.27 over 5 years.
Is STZ a good diversifier for ADM?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adm-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADM correlations · STZ correlations
