SHEL vs. ADX

Last updated Jun 9, 2026

SHEL (Shell plc) is a stock, while ADX (Adams Diversified Equity Fund, Inc.) is Large Cap Blend Equities fund actively managed by Adams Funds. Over the past 10 years, SHEL returned 10.03%/yr vs 18.02%/yr for ADX. At a 0.46 correlation, their price movements are largely independent.

Performance

SHEL vs. ADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc (SHEL) and Adams Diversified Equity Fund, Inc. (ADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEL achieves a 20.10% return, which is significantly higher than ADX's 10.92% return. Over the past 10 years, SHEL has underperformed ADX with an annualized return of 10.03%, while ADX has yielded a comparatively higher 18.02% annualized return.

SHEL

• 1D: 1.46%
• 1M: 4.13%
• YTD: 20.10%
• 6M: 21.39%
• 1Y: 32.28%
• 3Y*: 18.69%
• 5Y*: 23.01%
• 10Y*: 10.03%

ADX

• 1D: -0.36%
• 1M: 1.30%
• YTD: 10.92%
• 6M: 11.93%
• 1Y: 29.68%
• 3Y*: 28.15%
• 5Y*: 16.71%
• 10Y*: 18.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHEL vs. ADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHEL Shell plc	20.10%	22.16%	-0.87%	20.19%	36.18%	34.27%	-41.08%	6.38%	-7.23%	21.67%
ADX Adams Diversified Equity Fund, Inc.	10.92%	26.03%	28.31%	31.49%	-19.82%	29.69%	17.28%	36.75%	-3.58%	29.61%

Correlation

The correlation between SHEL and ADX is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 22, 2005	0.46

The correlation between SHEL and ADX shifts across timeframes, from -0.10 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SHEL vs. ADX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHEL

SHEL Risk / Return Rank: 81
SHEL Sharpe Ratio Rank: 83
SHEL Sortino Ratio Rank: 77
SHEL Omega Ratio Rank: 76
SHEL Calmar Ratio Rank: 83
SHEL Martin Ratio Rank: 85

ADX

ADX Risk / Return Rank: 62
ADX Sharpe Ratio Rank: 57
ADX Sortino Ratio Rank: 56
ADX Omega Ratio Rank: 49
ADX Calmar Ratio Rank: 63
ADX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHEL vs. ADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc (SHEL) and Adams Diversified Equity Fund, Inc. (ADX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SHEL	ADX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.14	-0.61
Sortino ratio: Return per unit of downside risk	2.08	3.05	-0.97
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.11
Calmar ratio: Return relative to maximum drawdown	3.00	2.93	+0.07
Martin ratio: Return relative to average drawdown	8.40	15.48	-7.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHEL vs. ADX - Sharpe Ratio Comparison

The current SHEL Sharpe Ratio is 1.54, which is comparable to the ADX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of SHEL and ADX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHEL	ADX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	2.14	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.97	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	1.00	-0.68
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.27	-0.06

Drawdowns

SHEL vs. ADX - Drawdown Comparison

The maximum SHEL drawdown since its inception was -71.57%, roughly equal to the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for SHEL and ADX.

Drawdown Indicators

	SHEL	ADX	Difference
Max Drawdown Largest peak-to-trough decline	-71.57%	-71.60%	+0.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.81%	-10.16%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-18.47%	-18.29%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	-25.07%	+0.03%
Max Drawdown (10Y) Largest decline over 10 years	-71.57%	-37.17%	-34.40%
Current Drawdown Current decline from peak	-7.13%	-2.97%	-4.16%
Average Drawdown Average peak-to-trough decline	-16.74%	-22.13%	+5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	1.92%	+1.93%

Volatility

SHEL vs. ADX - Volatility Comparison

Shell plc (SHEL) has a higher volatility of 5.98% compared to Adams Diversified Equity Fund, Inc. (ADX) at 3.74%. This indicates that SHEL's price experiences larger fluctuations and is considered to be riskier than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHEL	ADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	3.74%	+2.24%
Volatility (6M) Calculated over the trailing 6-month period	17.50%	10.77%	+6.73%
Volatility (1Y) Calculated over the trailing 1-year period	21.15%	13.93%	+7.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.22%	17.31%	+7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.84%	18.03%	+12.81%

Dividends

SHEL vs. ADX - Dividend Comparison

SHEL's dividend yield for the trailing twelve months is around 3.41%, less than ADX's 7.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADX Adams Diversified Equity Fund, Inc.	7.52%	7.93%	12.38%	7.34%	7.36%	15.35%	6.54%	9.00%	15.85%	9.18%	7.79%	7.17%
SHEL Shell plc	3.41%	3.90%	4.39%	3.76%	3.48%	3.78%	5.69%	6.27%	6.27%	2.75%	6.49%	8.17%

Frequently Asked Questions

Can I hold both SHEL and ADX in my portfolio?

SHEL and ADX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEL or ADX?

SHEL has higher volatility (5.98%) compared to ADX (3.74%). In terms of maximum drawdown, SHEL dropped -71.57% vs ADX's -71.60%.

Which has better risk-adjusted returns?

ADX currently has the higher Sharpe Ratio (2.14 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.