AGRO vs COF: Correlation
Measured on weekly returns over the past three years, Adecoagro S.A. (AGRO) and Capital One (COF) carry a correlation of -0.14, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and COF?
Over the past 3 years, AGRO and COF moved with a correlation of -0.14, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.29) runs below the 3-year figure (-0.14). Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -184.1 %².
Among the 36 assets we track against AGRO, COF ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AGRO outperformed by 30.1 percentage points (+28.1% for AGRO against -2.0% for COF).
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 COF: side by side
| AGRO (Adecoagro S.A.) | COF (Capital One) | |
|---|---|---|
| 1-year return | +28.1% | -2.0% |
| 5-year return | +29.1% | +43.2% |
| Volatility (ann.) | 41.7% | 30.6% |
| Beta vs S&P 500 | -0.27 | 1.28 |
| Max drawdown (3Y) | -41.3% | -31.5% |
| Market cap | $1.5B | $132.9B |
| P/E (trailing) | 28.9 | 12.0 |
| Dividend yield | 0.00% | 1.38% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AGRO | COF |
|---|---|---|
| 2022 | +11.5% | -34.6% |
| 2023 | +38.6% | +44.3% |
| 2024 | -12.4% | +38.2% |
| 2025 | -14.3% | +37.6% |
| 2026 | +36.0% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and COF good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGRO and COF?
As of 2026-08-27, the correlation of weekly returns between AGRO and COF is -0.14 over 3 years, -0.29 over 1 year and -0.01 over 5 years.
Is COF a good diversifier for AGRO?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 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.
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Related comparisons
Hubs: AGRO correlations · COF correlations
