ADPT vs GH: Correlation
Adaptive Biotechnologies Corporation (ADPT) and Guardant Health, Inc. (GH) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADPT and GH?
Across a 3-year window, the weekly returns of ADPT and GH correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 2563.8 %².
In ADPT's tracked universe of 12 assets, GH sits right near the top at #1. The last year tells two different stories: GH led by 61.5 percentage points, +103.9% for ADPT against +165.4% for GH.
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.
ADPT vs GH: side by side
| ADPT (Adaptive Biotechnologies Corporation) | GH (Guardant Health, Inc.) | |
|---|---|---|
| 1-year return | +103.9% | +165.4% |
| 5-year return | -26.1% | +33.5% |
| Volatility (ann.) | 69.8% | 64.9% |
| Beta vs S&P 500 | 1.40 | 1.44 |
| Max drawdown (3Y) | -65.8% | -59.8% |
| Market cap | $4.2B | $22.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADPT | GH |
|---|---|---|
| 2022 | -72.8% | -72.8% |
| 2023 | -35.9% | -0.6% |
| 2024 | +22.3% | +12.9% |
| 2025 | +170.9% | +234.3% |
| 2026 | +62.8% | +65.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADPT and GH good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADPT and GH?
As of 2026-08-27, the correlation of weekly returns between ADPT and GH is 0.57 over 3 years, 0.49 over 1 year and 0.56 over 5 years.
Is GH a good diversifier for ADPT?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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/adpt-vs-gh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adpt-vs-gh/)
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Related comparisons
Hubs: ADPT correlations · GH correlations
