AGM vs CAC: Correlation
Federal Agricultural Mortgage Corporation (AGM) and Camden National Corporation (CAC) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGM and CAC?
Across a 3-year window, the weekly returns of AGM and CAC correlate at 0.65, strong. The past 12 months show a weaker link (0.45) than the 3-year average (0.65). Stretching to 5 years gives 0.60, with an annualized covariance of 571.1 %².
In AGM's tracked universe of 16 assets, CAC sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CAC outperformed by 31.9 percentage points (+11.4% for AGM against +43.3% for CAC).
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.
AGM vs CAC: side by side
| AGM (Federal Agricultural Mortgage Corporation) | CAC (Camden National Corporation) | |
|---|---|---|
| 1-year return | +11.4% | +43.3% |
| 5-year return | +167.7% | +51.3% |
| Volatility (ann.) | 30.2% | 29.0% |
| Beta vs S&P 500 | 0.85 | 0.87 |
| Max drawdown (3Y) | -32.5% | -26.0% |
| Market cap | $2.4B | $1.0B |
| P/E (trailing) | 11.9 | 10.9 |
| Dividend yield | 2.84% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGM | CAC |
|---|---|---|
| 2022 | -5.8% | -10.3% |
| 2023 | +74.6% | -5.0% |
| 2024 | +6.1% | +19.1% |
| 2025 | -8.0% | +5.8% |
| 2026 | +29.3% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGM and CAC good diversifiers for each other?
Only partially. A correlation of 0.65 means AGM and CAC 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 AGM and CAC?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.45 over the last year and 0.60 over 5 years.
Is CAC a good diversifier for AGM?
Only partially. A correlation of 0.65 means AGM and CAC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agm-vs-cac.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agm-vs-cac/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGM correlations · CAC correlations
