ADNT vs XRAY: Correlation
Measured on weekly returns over the past three years, Adient plc (ADNT) and DENTSPLY SIRONA Inc. (XRAY) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADNT and XRAY?
On 3 years of weekly data the ADNT/XRAY correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.49 over 3. The 5-year figure is 0.48, and annualized covariance runs at 833.9 %².
By 3-year correlation, XRAY places #7 of the 16 assets tracked against ADNT. On 12-month performance XRAY holds a 5.5-point edge, -26.3% against -20.8%.
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.
ADNT vs XRAY: side by side
| ADNT (Adient plc) | XRAY (DENTSPLY SIRONA Inc.) | |
|---|---|---|
| 1-year return | -26.3% | -20.8% |
| 5-year return | -53.1% | -80.0% |
| Volatility (ann.) | 43.0% | 39.4% |
| Beta vs S&P 500 | 1.05 | 0.54 |
| Max drawdown (3Y) | -74.4% | -72.3% |
| Market cap | $1.5B | $2.2B |
| P/E (trailing) | 34.2 | – |
| Dividend yield | 0.00% | 2.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADNT | XRAY |
|---|---|---|
| 2022 | -27.5% | -42.1% |
| 2023 | +4.8% | +13.5% |
| 2024 | -52.6% | -45.3% |
| 2025 | +11.3% | -36.8% |
| 2026 | -1.8% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADNT and XRAY good diversifiers for each other?
Reasonably. At 0.49, ADNT and XRAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADNT and XRAY?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.47 over the last year and 0.48 over 5 years.
Is XRAY a good diversifier for ADNT?
Reasonably. At 0.49, ADNT and XRAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/adnt-vs-xray.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adnt-vs-xray/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADNT correlations · XRAY correlations
