AGRO vs VET: Correlation
How closely do Adecoagro S.A. (AGRO) and Vermilion Energy Inc. Common (Canada) (VET) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and VET?
Over the past 3 years, AGRO and VET moved with a correlation of 0.42, which is moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.42). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 770.8 %².
Few assets follow AGRO as closely as VET, which ranks #2 of 36 tracked partners. Correlation aside, the last 12 months split them widely, with VET ahead by 40.3 points (+28.1% versus +68.4%).
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 VET: side by side
| AGRO (Adecoagro S.A.) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +28.1% | +68.4% |
| 5-year return | +29.1% | +115.2% |
| Volatility (ann.) | 41.7% | 43.6% |
| Beta vs S&P 500 | -0.27 | 0.31 |
| Max drawdown (3Y) | -41.3% | -63.4% |
| Market cap | $1.5B | $1.9B |
| P/E (trailing) | 28.9 | – |
| Dividend yield | 0.00% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | VET |
|---|---|---|
| 2022 | +11.5% | +42.1% |
| 2023 | +38.6% | -30.3% |
| 2024 | -12.4% | -19.4% |
| 2025 | -14.3% | -9.1% |
| 2026 | +36.0% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and VET good diversifiers for each other?
Reasonably. At 0.42, AGRO and VET keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGRO and VET?
As of 2026-08-27, the correlation of weekly returns between AGRO and VET is 0.42 over 3 years, 0.57 over 1 year and 0.43 over 5 years.
Is VET a good diversifier for AGRO?
Reasonably. At 0.42, AGRO and VET keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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 · VET correlations
