AGCO vs DE: Correlation
How closely do AGCO Corporation (AGCO) and Deere & Company (DE) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGCO and DE?
On 3 years of weekly data the AGCO/DE correlation comes out at 0.74, strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. The 5-year figure is 0.78, and annualized covariance runs at 645.1 %².
DE is one of the assets that tracks AGCO most closely: it ranks #2 out of the 15 assets we track against AGCO. Correlation aside, the last 12 months split them widely, with DE ahead by 29.5 points (-1.6% versus +27.9%).
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 DE: side by side
| AGCO (AGCO Corporation) | DE (Deere & Company) | |
|---|---|---|
| 1-year return | -1.6% | +27.9% |
| 5-year return | -7.9% | +74.5% |
| Volatility (ann.) | 32.5% | 26.7% |
| Beta vs S&P 500 | 0.80 | 0.65 |
| Max drawdown (3Y) | -40.5% | -19.9% |
| Market cap | $7.8B | $168.1B |
| P/E (trailing) | 15.4 | 35.2 |
| Dividend yield | 1.05% | 1.02% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | AGCO | DE |
|---|---|---|
| 2022 | +25.0% | +26.6% |
| 2023 | -7.9% | -5.5% |
| 2024 | -20.3% | +7.6% |
| 2025 | +12.9% | +11.4% |
| 2026 | +7.1% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGCO and DE good diversifiers for each other?
Only partially. A correlation of 0.74 means AGCO and DE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AGCO and DE?
As of 2026-08-27, the correlation of weekly returns between AGCO and DE is 0.74 over 3 years, 0.67 over 1 year and 0.78 over 5 years.
Is DE a good diversifier for AGCO?
Only partially. A correlation of 0.74 means AGCO and DE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agco-vs-de.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agco-vs-de/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGCO correlations · DE correlations
