ADSE vs EIC: Correlation
Measured on weekly returns over the past three years, ADS-TEC ENERGY PLC (ADSE) and Eagle Point Income Company (EIC) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSE and EIC?
On 3 years of weekly data the ADSE/EIC correlation comes out at 0.27, weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. The 5-year figure is -0.02, and annualized covariance runs at 229.2 %².
By 3-year correlation, EIC places #4 of the 11 assets tracked against ADSE. On 12-month performance ADSE holds a 11.5-point edge, -8.1% against -19.6%. Note the risk asymmetry: ADSE runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ADSE vs EIC: side by side
| ADSE (ADS-TEC ENERGY PLC) | EIC (Eagle Point Income Company) | |
|---|---|---|
| 1-year return | -8.1% | -19.6% |
| 5-year return | +14.5% | +6.9% |
| Volatility (ann.) | 49.2% | 17.5% |
| Beta vs S&P 500 | 0.35 | 0.36 |
| Max drawdown (3Y) | -48.1% | -34.1% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 14.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADSE | EIC |
|---|---|---|
| 2022 | -65.8% | -10.5% |
| 2023 | +129.2% | +20.9% |
| 2024 | +116.9% | +24.0% |
| 2025 | -18.2% | -15.3% |
| 2026 | -10.9% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSE and EIC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADSE and EIC?
As of 2026-08-27, the correlation of weekly returns between ADSE and EIC is 0.27 over 3 years, 0.21 over 1 year and -0.02 over 5 years.
Is EIC a good diversifier for ADSE?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 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/adse-vs-eic.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adse-vs-eic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADSE correlations · EIC correlations
