ADSE vs PCF: Correlation
ADS-TEC ENERGY PLC (ADSE) and High Income Securities Fund (PCF) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSE and PCF?
Over the past 3 years, ADSE and PCF moved with a correlation of 0.28, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.28 over 3 years. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 173.2 %².
PCF is one of the assets that tracks ADSE most closely: it ranks #3 out of the 11 assets we track against ADSE. Neither side won the trailing year by much: -8.1% against -3.9%. Risk is not evenly split, since ADSE carries 3.8 times the volatility of the other side.
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 PCF: side by side
| ADSE (ADS-TEC ENERGY PLC) | PCF (High Income Securities Fund) | |
|---|---|---|
| 1-year return | -8.1% | -3.9% |
| 5-year return | +14.5% | -2.1% |
| Volatility (ann.) | 49.2% | 12.8% |
| Beta vs S&P 500 | 0.35 | 0.49 |
| Max drawdown (3Y) | -48.1% | -13.8% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | 25.8 |
| Dividend yield | 0.00% | 13.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADSE | PCF |
|---|---|---|
| 2022 | -65.8% | -15.6% |
| 2023 | +129.2% | +10.4% |
| 2024 | +116.9% | +13.8% |
| 2025 | -18.2% | +5.2% |
| 2026 | -10.9% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSE and PCF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADSE and PCF?
The ADSE/PCF correlation stands at 0.28 on a 3-year window (1 year: 0.13, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is PCF a good diversifier for ADSE?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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: ADSE correlations · PCF correlations
