ADM vs WPC: Correlation
Measured on weekly returns over the past three years, Archer Daniels Midland (ADM) and W. P. Carey Inc. REIT (WPC) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and WPC?
Over the past 3 years, ADM and WPC moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 245.9 %².
By 3-year correlation, WPC places #6 of the 33 assets tracked against ADM. Their recent paths diverged sharply: over the last 12 months ADM outperformed by 18.6 percentage points (+29.8% for ADM against +11.2% for WPC).
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 WPC: side by side
| ADM (Archer Daniels Midland) | WPC (W. P. Carey Inc. REIT) | |
|---|---|---|
| 1-year return | +29.8% | +11.2% |
| 5-year return | +51.7% | +23.0% |
| Volatility (ann.) | 29.9% | 20.9% |
| Beta vs S&P 500 | 0.24 | 0.30 |
| Max drawdown (3Y) | -46.0% | -19.6% |
| Market cap | $38.1B | $16.0B |
| P/E (trailing) | 21.9 | 24.4 |
| Dividend yield | 2.57% | 5.20% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | ADM | WPC |
|---|---|---|
| 2022 | +40.0% | +0.5% |
| 2023 | -20.4% | -9.9% |
| 2024 | -27.5% | -10.6% |
| 2025 | +18.2% | +25.0% |
| 2026 | +40.4% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and WPC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADM and WPC?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.40 over the last year and 0.38 over 5 years.
Is WPC a good diversifier for ADM?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adm-vs-wpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adm-vs-wpc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADM correlations · WPC correlations
