AGRO vs TEL: Correlation
Measured on weekly returns over the past three years, Adecoagro S.A. (AGRO) and TE Connectivity (TEL) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and TEL?
Across a 3-year window, the weekly returns of AGRO and TEL correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.19). Stretching to 5 years gives -0.06, with an annualized covariance of -227.5 %².
Among the 36 assets we track against AGRO, TEL ranks #17 by 3-year correlation. The last year tells two different stories: AGRO led by 29.2 percentage points, +28.1% for AGRO against -1.1% for TEL.
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 TEL: side by side
| AGRO (Adecoagro S.A.) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +28.1% | -1.1% |
| 5-year return | +29.1% | +43.7% |
| Volatility (ann.) | 41.7% | 28.8% |
| Beta vs S&P 500 | -0.27 | 1.32 |
| Max drawdown (3Y) | -41.3% | -22.6% |
| Market cap | $1.5B | $58.8B |
| P/E (trailing) | 28.9 | 20.1 |
| Dividend yield | 0.00% | 1.42% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AGRO | TEL |
|---|---|---|
| 2022 | +11.5% | -27.7% |
| 2023 | +38.6% | +24.6% |
| 2024 | -12.4% | +3.5% |
| 2025 | -14.3% | +61.1% |
| 2026 | +36.0% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and TEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGRO and TEL?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.34 over the last year and -0.06 over 5 years.
Is TEL a good diversifier for AGRO?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agro-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGRO correlations · TEL correlations
