AGRO vs GPC: Correlation
Adecoagro S.A. (AGRO) and Genuine Parts Company (GPC) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and GPC?
On 3 years of weekly data the AGRO/GPC correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.23). The 5-year figure is -0.11, and annualized covariance runs at -310.3 %².
Within AGRO's tracked universe of 36 assets, GPC comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AGRO ahead by 26.8 points (+28.1% versus +1.3%).
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 GPC: side by side
| AGRO (Adecoagro S.A.) | GPC (Genuine Parts Company) | |
|---|---|---|
| 1-year return | +28.1% | +1.3% |
| 5-year return | +29.1% | +27.6% |
| Volatility (ann.) | 41.7% | 31.9% |
| Beta vs S&P 500 | -0.27 | 0.66 |
| Max drawdown (3Y) | -41.3% | -39.7% |
| Market cap | $1.5B | $18.8B |
| P/E (trailing) | 28.9 | 546.8 |
| Dividend yield | 0.00% | 3.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AGRO | GPC |
|---|---|---|
| 2022 | +11.5% | +26.8% |
| 2023 | +38.6% | -18.1% |
| 2024 | -12.4% | -13.2% |
| 2025 | -14.3% | +8.7% |
| 2026 | +36.0% | +13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and GPC good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGRO and GPC?
The AGRO/GPC correlation stands at -0.23 on a 3-year window (1 year: -0.37, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is GPC a good diversifier for AGRO?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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
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Related comparisons
Hubs: AGRO correlations · GPC correlations
