AGRO vs ANNA: Correlation
How closely do Adecoagro S.A. (AGRO) and AleAnna, Inc. (ANNA) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and ANNA?
Across a 3-year window, the weekly returns of AGRO and ANNA correlate at 0.39, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.39 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 1429.7 %².
In AGRO's tracked universe of 36 assets, ANNA sits right near the top at #3. Correlation aside, the last 12 months split them widely, with AGRO ahead by 62.4 points (+28.1% versus -34.3%). Note the risk asymmetry: ANNA runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AGRO vs ANNA: side by side
| AGRO (Adecoagro S.A.) | ANNA (AleAnna, Inc.) | |
|---|---|---|
| 1-year return | +28.1% | -34.3% |
| 5-year return | +29.1% | -71.7% |
| Volatility (ann.) | 41.7% | 88.7% |
| Beta vs S&P 500 | -0.27 | -0.92 |
| Max drawdown (3Y) | -41.3% | -86.3% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | 28.9 | 14.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | ANNA |
|---|---|---|
| 2022 | +11.5% | – |
| 2023 | +38.6% | +7.3% |
| 2024 | -12.4% | -37.6% |
| 2025 | -14.3% | -57.6% |
| 2026 | +36.0% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and ANNA good diversifiers for each other?
Reasonably. At 0.39, AGRO and ANNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGRO and ANNA?
As of 2026-08-27, the correlation of weekly returns between AGRO and ANNA is 0.39 over 3 years, 0.59 over 1 year and 0.31 over 5 years.
Is ANNA a good diversifier for AGRO?
Reasonably. At 0.39, AGRO and ANNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/agro-vs-anna.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agro-vs-anna/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGRO correlations · ANNA correlations
