AGRO vs GE: Correlation
Measured on weekly returns over the past three years, Adecoagro S.A. (AGRO) and GE Aerospace (GE) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and GE?
Over the past 3 years, AGRO and GE moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.24). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -305.1 %².
By 3-year correlation, GE places #29 of the 36 assets tracked against AGRO. Neither side won the trailing year by much: +28.1% against +26.0%.
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 GE: side by side
| AGRO (Adecoagro S.A.) | GE (GE Aerospace) | |
|---|---|---|
| 1-year return | +28.1% | +26.0% |
| 5-year return | +29.1% | +435.6% |
| Volatility (ann.) | 41.7% | 30.9% |
| Beta vs S&P 500 | -0.27 | 1.24 |
| Max drawdown (3Y) | -41.3% | -21.4% |
| Market cap | $1.5B | $355.6B |
| P/E (trailing) | 28.9 | 41.8 |
| Dividend yield | 0.00% | 0.47% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | AGRO | GE |
|---|---|---|
| 2022 | +11.5% | -10.9% |
| 2023 | +38.6% | +95.7% |
| 2024 | -12.4% | +64.8% |
| 2025 | -14.3% | +85.7% |
| 2026 | +36.0% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and GE good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGRO and GE?
The AGRO/GE correlation stands at -0.24 on a 3-year window (1 year: -0.44, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is GE a good diversifier for AGRO?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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-ge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agro-vs-ge/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGRO correlations · GE correlations
