AGCO vs CNH: Correlation
Measured on weekly returns over the past three years, AGCO Corporation (AGCO) and CNH Industrial N.V. (CNH) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGCO and CNH?
Across a 3-year window, the weekly returns of AGCO and CNH correlate at 0.75, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.75 over 3. Stretching to 5 years gives 0.76, with an annualized covariance of 819.3 %².
CNH is one of the assets that tracks AGCO most closely: it ranks #1 out of the 15 assets we track against AGCO. Their 12-month results are close: -1.6% for AGCO against -4.4% for CNH.
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.
AGCO vs CNH: side by side
| AGCO (AGCO Corporation) | CNH (CNH Industrial N.V.) | |
|---|---|---|
| 1-year return | -1.6% | -4.4% |
| 5-year return | -7.9% | -12.0% |
| Volatility (ann.) | 32.5% | 33.5% |
| Beta vs S&P 500 | 0.80 | 0.73 |
| Max drawdown (3Y) | -40.5% | -33.2% |
| Market cap | $7.8B | $18.4B |
| P/E (trailing) | 15.4 | 45.7 |
| Dividend yield | 1.05% | 0.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGCO | CNH |
|---|---|---|
| 2022 | +25.0% | -3.2% |
| 2023 | -7.9% | -22.0% |
| 2024 | -20.3% | -3.1% |
| 2025 | +12.9% | -17.1% |
| 2026 | +7.1% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGCO and CNH good diversifiers for each other?
To a limited degree. At 0.75 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 AGCO and CNH?
The AGCO/CNH correlation stands at 0.75 on a 3-year window (1 year: 0.74, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is CNH a good diversifier for AGCO?
To a limited degree. At 0.75 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 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agco-vs-cnh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agco-vs-cnh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGCO correlations · CNH correlations
