AGRO vs JCI: Correlation
Adecoagro S.A. (AGRO) and Johnson Controls (JCI) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and JCI?
On 3 years of weekly data the AGRO/JCI correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is -0.01, and annualized covariance runs at -214.2 %².
Among the 36 assets we track against AGRO, JCI ranks #14 by 3-year correlation. Neither side won the trailing year by much: +28.1% against +30.9%.
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 JCI: side by side
| AGRO (Adecoagro S.A.) | JCI (Johnson Controls) | |
|---|---|---|
| 1-year return | +28.1% | +30.9% |
| 5-year return | +29.1% | +108.2% |
| Volatility (ann.) | 41.7% | 28.1% |
| Beta vs S&P 500 | -0.27 | 0.98 |
| Max drawdown (3Y) | -41.3% | -21.1% |
| Market cap | $1.5B | $86.1B |
| P/E (trailing) | 28.9 | 40.1 |
| Dividend yield | 0.00% | 1.11% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | AGRO | JCI |
|---|---|---|
| 2022 | +11.5% | -19.3% |
| 2023 | +38.6% | -7.6% |
| 2024 | -12.4% | +39.8% |
| 2025 | -14.3% | +53.0% |
| 2026 | +36.0% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and JCI good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGRO and JCI?
As of 2026-08-27, the correlation of weekly returns between AGRO and JCI is -0.18 over 3 years, -0.22 over 1 year and -0.01 over 5 years.
Is JCI a good diversifier for AGRO?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agro-vs-jci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agro-vs-jci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGRO correlations · JCI correlations
