AGCO vs. AA

Last updated Jun 3, 2026

AGCO (AGCO Corporation) and AA (Alcoa Corporation) are both stocks. AGCO operates in Farm & Heavy Construction Machinery (Industrials), while AA operates in Aluminum (Basic Materials). Over the past 5 years, AGCO returned 0.20%/yr vs 17.85%/yr for AA. At a 0.43 correlation, their price movements are largely independent.

Performance

AGCO vs. AA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AGCO Corporation (AGCO) and Alcoa Corporation (AA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGCO achieves a 14.03% return, which is significantly lower than AA's 58.19% return.

AGCO

• 1D: 5.69%
• 1M: 0.16%
• YTD: 14.03%
• 6M: 14.09%
• 1Y: 21.46%
• 3Y*: 1.56%
• 5Y*: 0.20%
• 10Y*: 10.75%

AA

• 1D: 7.75%
• 1M: 34.00%
• YTD: 58.19%
• 6M: 102.80%
• 1Y: 217.96%
• 3Y*: 35.42%
• 5Y*: 17.85%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGCO vs. AA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGCO AGCO Corporation	14.03%	12.85%	-20.33%	-7.90%	24.99%	16.16%	34.77%	40.02%	-21.30%	24.50%
AA Alcoa Corporation	58.19%	42.46%	12.43%	-24.33%	-23.12%	159.05%	7.16%	-19.07%	-50.66%	91.84%

Correlation

The correlation between AGCO and AA is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 2, 2016	0.43

The correlation between AGCO and AA shifts across timeframes, from 0.29 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AGCO : $8.61B AA : $22.09B
EPS AGCO : $10.42 AA : $3.92
PE Ratio AGCO : 11.36 AA : 21.38
PEG Ratio AGCO : 0.44 AA : 0.06
PS Ratio AGCO : 0.84 AA : 1.73
PB Ratio AGCO : 2.00 AA : 3.24
Total Revenue (TTM) AGCO : $10.37B AA : $12.66B
Gross Profit (TTM) AGCO : $2.58B AA : $948.00M
EBITDA (TTM) AGCO : $984.20M AA : $1.70B

Return for Risk

AGCO vs. AA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGCO

AGCO Risk / Return Rank: 59
AGCO Sharpe Ratio Rank: 61
AGCO Sortino Ratio Rank: 58
AGCO Omega Ratio Rank: 55
AGCO Calmar Ratio Rank: 61
AGCO Martin Ratio Rank: 60

AA

AA Risk / Return Rank: 96
AA Sharpe Ratio Rank: 97
AA Sortino Ratio Rank: 95
AA Omega Ratio Rank: 93
AA Calmar Ratio Rank: 98
AA Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGCO vs. AA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AGCO Corporation (AGCO) and Alcoa Corporation (AA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AGCO	AA	Difference
Sharpe ratio Return per unit of total volatility	0.65	4.18	-3.54
Sortino ratio Return per unit of downside risk	1.21	4.19	-2.98
Omega ratio Gain probability vs. loss probability	1.14	1.50	-0.36
Calmar ratio Return relative to maximum drawdown	0.99	13.67	-12.68
Martin ratio Return relative to average drawdown	2.16	33.98	-31.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGCO vs. AA - Sharpe Ratio Comparison

The current AGCO Sharpe Ratio is 0.65, which is lower than the AA Sharpe Ratio of 4.18. The chart below compares the historical Sharpe Ratios of AGCO and AA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGCO	AA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	4.18	-3.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.32	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.27	-0.03

Drawdowns

AGCO vs. AA - Drawdown Comparison

The maximum AGCO drawdown since its inception was -83.96%, smaller than the maximum AA drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for AGCO and AA.

Drawdown Indicators

	AGCO	AA	Difference
Max Drawdown Largest peak-to-trough decline	-83.96%	-90.90%	+6.94%
Max Drawdown (1Y) Largest decline over 1 year	-22.23%	-15.80%	-6.43%
Max Drawdown (3Y) Largest decline over 3 years	-43.50%	-52.25%	+8.75%
Max Drawdown (5Y) Largest decline over 5 years	-43.50%	-75.46%	+31.96%
Max Drawdown (10Y) Largest decline over 10 years	-54.07%	—	—
Current Drawdown Current decline from peak	-15.51%	-7.72%	-7.79%
Average Drawdown Average peak-to-trough decline	-29.74%	-46.23%	+16.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.22%	6.35%	+3.87%

Volatility

AGCO vs. AA - Volatility Comparison

The current volatility for AGCO Corporation (AGCO) is 11.87%, while Alcoa Corporation (AA) has a volatility of 14.37%. This indicates that AGCO experiences smaller price fluctuations and is considered to be less risky than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGCO	AA	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.87%	14.37%	-2.50%
Volatility (6M) Calculated over the trailing 6-month period	23.94%	38.65%	-14.71%
Volatility (1Y) Calculated over the trailing 1-year period	33.33%	52.48%	-19.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.08%	55.96%	-20.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.05%	55.55%	-20.50%

Dividends

AGCO vs. AA - Dividend Comparison

AGCO's dividend yield for the trailing twelve months is around 0.99%, more than AA's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AA Alcoa Corporation	0.48%	0.75%	1.06%	1.18%	0.88%	0.17%	0.00%	0.00%	0.00%	0.00%	0.32%	0.00%
AGCO AGCO Corporation	0.99%	1.11%	3.92%	5.03%	3.91%	4.10%	0.62%	0.82%	1.08%	0.78%	0.90%	1.06%

Financials

AGCO vs. AA - Profitability Comparison

The chart below illustrates the profitability comparison between AGCO Corporation and Alcoa Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AGCO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AGCO Corporation reported a gross profit of 581.40M and revenue of 2.34B. Therefore, the gross margin over that period was 24.8%.

AA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a gross profit of 0.00 and revenue of 3.19B. Therefore, the gross margin over that period was 0.0%.

AGCO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AGCO Corporation reported an operating income of 80.70M and revenue of 2.34B, resulting in an operating margin of 3.4%.

AA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported an operating income of 0.00 and revenue of 3.19B, resulting in an operating margin of 0.0%.

AGCO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AGCO Corporation reported a net income of 55.00M and revenue of 2.34B, resulting in a net margin of 2.4%.

AA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a net income of 425.00M and revenue of 3.19B, resulting in a net margin of 13.3%.

Frequently Asked Questions

Can I hold both AGCO and AA in my portfolio?

AGCO and AA have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGCO or AA?

AA has higher volatility (14.37%) compared to AGCO (11.87%). In terms of maximum drawdown, AGCO dropped -83.96% vs AA's -90.90%.

Which has better risk-adjusted returns?

AA currently has the higher Sharpe Ratio (4.18 vs 0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.