AGRO vs BRC: Correlation
Adecoagro S.A. (AGRO) and Brady Corporation (BRC) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and BRC?
Over the past 3 years, AGRO and BRC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -267.5 %².
Within AGRO's tracked universe of 36 assets, BRC comes in at #27 by 3-year correlation. On 12-month performance AGRO holds a 6.0-point edge, +28.1% against +22.1%. Note the risk asymmetry: AGRO runs 1.6 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 BRC: side by side
| AGRO (Adecoagro S.A.) | BRC (Brady Corporation) | |
|---|---|---|
| 1-year return | +28.1% | +22.1% |
| 5-year return | +29.1% | +91.6% |
| Volatility (ann.) | 41.7% | 26.5% |
| Beta vs S&P 500 | -0.27 | 0.43 |
| Max drawdown (3Y) | -41.3% | -26.1% |
| Market cap | $1.5B | – |
| P/E (trailing) | 28.9 | 21.4 |
| Dividend yield | 0.00% | 1.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | BRC |
|---|---|---|
| 2022 | +11.5% | -10.9% |
| 2023 | +38.6% | +26.9% |
| 2024 | -12.4% | +27.7% |
| 2025 | -14.3% | +7.6% |
| 2026 | +36.0% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and BRC good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGRO and BRC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.26 over the last year and -0.06 over 5 years.
Is BRC a good diversifier for AGRO?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/agro-vs-brc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agro-vs-brc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGRO correlations · BRC correlations
