AGRO vs QQQ: Correlation
Adecoagro S.A. (AGRO) and Invesco QQQ Trust (QQQ) show a negative relationship: their 3-year correlation of weekly returns is -0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and QQQ?
Over the past 3 years, AGRO and QQQ moved with a correlation of -0.10, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is -82.1 %².
Among the 36 assets we track against AGRO, QQQ ranks #7 by 3-year correlation. Neither side won the trailing year by much: +28.1% against +26.3%. Risk is not evenly split, since AGRO carries 2.1 times the volatility of the other side.
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 QQQ: side by side
| AGRO (Adecoagro S.A.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +28.1% | +26.3% |
| 5-year return | +29.1% | +95.4% |
| Volatility (ann.) | 41.7% | 19.6% |
| Beta vs S&P 500 | -0.27 | 1.28 |
| Max drawdown (3Y) | -41.3% | -22.8% |
| Market cap | $1.5B | – |
| P/E (trailing) | 28.9 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | AGRO | QQQ |
|---|---|---|
| 2022 | +11.5% | -32.6% |
| 2023 | +38.6% | +54.9% |
| 2024 | -12.4% | +25.6% |
| 2025 | -14.3% | +20.8% |
| 2026 | +36.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and QQQ good diversifiers for each other?
Yes. With a correlation of -0.10, AGRO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGRO and QQQ?
The AGRO/QQQ correlation stands at -0.10 on a 3-year window (1 year: -0.19, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AGRO?
Yes. With a correlation of -0.10, AGRO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.10 mean?
On the −1 to +1 scale, -0.10 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.
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Related comparisons
Hubs: AGRO correlations · QQQ correlations
