AGCO vs CTVA: Correlation
How closely do AGCO Corporation (AGCO) and Corteva (CTVA) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGCO and CTVA?
Across a 3-year window, the weekly returns of AGCO and CTVA correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 409.8 %².
By 3-year correlation, CTVA places #8 of the 15 assets tracked against AGCO. The trailing year gives CTVA the advantage: -1.6% versus +10.9%, a 12.5-point spread.
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 CTVA: side by side
| AGCO (AGCO Corporation) | CTVA (Corteva) | |
|---|---|---|
| 1-year return | -1.6% | +10.9% |
| 5-year return | -7.9% | +98.2% |
| Volatility (ann.) | 32.5% | 26.8% |
| Beta vs S&P 500 | 0.80 | 0.43 |
| Max drawdown (3Y) | -40.5% | -20.7% |
| Market cap | $7.8B | $55.0B |
| P/E (trailing) | 15.4 | 50.2 |
| Dividend yield | 1.05% | 0.87% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | AGCO | CTVA |
|---|---|---|
| 2022 | +25.0% | +25.6% |
| 2023 | -7.9% | -17.5% |
| 2024 | -20.3% | +20.2% |
| 2025 | +12.9% | +18.9% |
| 2026 | +7.1% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGCO and CTVA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGCO and CTVA?
As of 2026-08-27, the correlation of weekly returns between AGCO and CTVA is 0.47 over 3 years, 0.46 over 1 year and 0.52 over 5 years.
Is CTVA a good diversifier for AGCO?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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: AGCO correlations · CTVA correlations
