AGRO vs MDRR: Correlation
How closely do Adecoagro S.A. (AGRO) and Medalist Diversified, Inc. (MDRR) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and MDRR?
Over the past 3 years, AGRO and MDRR moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is -311.6 %².
Out of 36 assets tracked against AGRO, MDRR lands near the bottom at #33. Correlation aside, the last 12 months split them widely, with AGRO ahead by 23.3 points (+28.1% versus +4.8%).
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 MDRR: side by side
| AGRO (Adecoagro S.A.) | MDRR (Medalist Diversified, Inc.) | |
|---|---|---|
| 1-year return | +28.1% | +4.8% |
| 5-year return | +29.1% | -31.3% |
| Volatility (ann.) | 41.7% | 28.1% |
| Beta vs S&P 500 | -0.27 | -0.02 |
| Max drawdown (3Y) | -41.3% | -29.5% |
| Market cap | $1.5B | – |
| P/E (trailing) | 28.9 | 3.1 |
| Dividend yield | 0.00% | 2.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | MDRR |
|---|---|---|
| 2022 | +11.5% | -37.3% |
| 2023 | +38.6% | -4.0% |
| 2024 | -12.4% | +28.6% |
| 2025 | -14.3% | -5.5% |
| 2026 | +36.0% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and MDRR good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGRO and MDRR?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.36 over the last year and 0.02 over 5 years.
Is MDRR a good diversifier for AGRO?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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-mdrr.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGRO correlations · MDRR correlations
