ADMA vs SG: Correlation
ADMA Biologics Inc (ADMA) and Sweetgreen, Inc. (SG) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADMA and SG?
Across a 3-year window, the weekly returns of ADMA and SG correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.41 over 3 years. Stretching to 5 years gives 0.29, with an annualized covariance of 1936.0 %².
Among the 10 assets we track against ADMA, SG ranks #4 by 3-year correlation. The last year tells two different stories: SG led by 20.1 percentage points, -45.0% for ADMA against -24.9% for SG.
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.
ADMA vs SG: side by side
| ADMA (ADMA Biologics Inc) | SG (Sweetgreen, Inc.) | |
|---|---|---|
| 1-year return | -45.0% | -24.9% |
| 5-year return | +612.8% | -86.3% |
| Volatility (ann.) | 59.2% | 79.8% |
| Beta vs S&P 500 | 1.12 | 1.83 |
| Max drawdown (3Y) | -69.0% | -89.3% |
| Market cap | $2.1B | $0.8B |
| P/E (trailing) | 13.7 | 75.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADMA | SG |
|---|---|---|
| 2022 | +175.2% | -73.2% |
| 2023 | +16.5% | +31.9% |
| 2024 | +279.4% | +183.7% |
| 2025 | +6.4% | -78.9% |
| 2026 | -48.0% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADMA and SG good diversifiers for each other?
Reasonably. At 0.41, ADMA and SG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADMA and SG?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.20 over the last year and 0.29 over 5 years.
Is SG a good diversifier for ADMA?
Reasonably. At 0.41, ADMA and SG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ADMA correlations · SG correlations
