ADPT vs PACB: Correlation
Adaptive Biotechnologies Corporation (ADPT) and Pacific Biosciences of California, Inc. (PACB) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADPT and PACB?
Over the past 3 years, ADPT and PACB moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 3394.0 %².
Few assets follow ADPT as closely as PACB, which ranks #2 of 12 tracked partners. The last year tells two different stories: ADPT led by 87.4 percentage points, +103.9% for ADPT against +16.5% for PACB.
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 PACB: side by side
| ADPT (Adaptive Biotechnologies Corporation) | PACB (Pacific Biosciences of California, Inc.) | |
|---|---|---|
| 1-year return | +103.9% | +16.5% |
| 5-year return | -26.1% | -94.9% |
| Volatility (ann.) | 69.8% | 93.3% |
| Beta vs S&P 500 | 1.40 | 1.21 |
| Max drawdown (3Y) | -65.8% | -92.2% |
| Market cap | $4.2B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADPT | PACB |
|---|---|---|
| 2022 | -72.8% | -60.0% |
| 2023 | -35.9% | +19.9% |
| 2024 | +22.3% | -81.3% |
| 2025 | +170.9% | +2.2% |
| 2026 | +62.8% | -17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADPT and PACB good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ADPT and PACB?
The ADPT/PACB correlation stands at 0.52 on a 3-year window (1 year: 0.58, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is PACB a good diversifier for ADPT?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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-pacb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adpt-vs-pacb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADPT correlations · PACB correlations
