AGCO vs. CNH

Last updated Jun 4, 2026

AGCO (AGCO Corporation) and CNH (CNH Industrial NV) are both stocks. Both operate in the Farm & Heavy Construction Machinery industry within the Industrials sector. Over the past 10 years, AGCO returned 10.86%/yr vs 5.89%/yr for CNH. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

AGCO vs. CNH - Performance Comparison

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

Returns By Period

In the year-to-date period, AGCO achieves a 15.20% return, which is significantly lower than CNH's 20.90% return. Over the past 10 years, AGCO has outperformed CNH with an annualized return of 10.86%, while CNH has yielded a comparatively lower 5.89% annualized return.

AGCO

• 1D: 1.03%
• 1M: -1.12%
• YTD: 15.20%
• 6M: 14.31%
• 1Y: 21.38%
• 3Y*: 1.91%
• 5Y*: 0.37%
• 10Y*: 10.86%

CNH

• 1D: 0.82%
• 1M: 9.07%
• YTD: 20.90%
• 6M: 17.33%
• 1Y: -11.25%
• 3Y*: -4.62%
• 5Y*: -7.04%
• 10Y*: 5.89%

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

AGCO vs. CNH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGCO AGCO Corporation	15.20%	12.85%	-20.33%	-7.90%	24.99%	16.16%	34.77%	40.02%	-21.30%	24.50%
CNH CNH Industrial NV	20.90%	-17.10%	-3.12%	-22.01%	-15.74%	52.59%	16.73%	21.64%	-30.31%	57.67%

Correlation

The correlation between AGCO and CNH is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 1, 2013	0.64

The correlation between AGCO and CNH shifts across timeframes, from 0.64 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AGCO : $8.70B CNH : $13.73B
EPS AGCO : $10.42 CNH : $0.32
PE Ratio AGCO : 11.48 CNH : 34.83
PS Ratio AGCO : 0.85 CNH : 0.76
PB Ratio AGCO : 2.02 CNH : 1.75
Total Revenue (TTM) AGCO : $10.37B CNH : $18.09B
Gross Profit (TTM) AGCO : $2.58B CNH : $4.45B
EBITDA (TTM) AGCO : $984.20M CNH : $2.09B

Return for Risk

AGCO vs. CNH — 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: 60
AGCO Martin Ratio Rank: 60

CNH

CNH Risk / Return Rank: 27
CNH Sharpe Ratio Rank: 27
CNH Sortino Ratio Rank: 24
CNH Omega Ratio Rank: 25
CNH Calmar Ratio Rank: 29
CNH Martin Ratio Rank: 30

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. CNH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AGCO Corporation (AGCO) and CNH Industrial NV (CNH). 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	CNH	Difference
Sharpe ratio: Return per unit of total volatility	0.64	-0.32	+0.96
Sortino ratio: Return per unit of downside risk	1.21	-0.25	+1.45
Omega ratio: Gain probability vs. loss probability	1.14	0.97	+0.17
Calmar ratio: Return relative to maximum drawdown	0.97	-0.34	+1.31
Martin ratio: Return relative to average drawdown	2.09	-0.54	+2.63
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. CNH - Sharpe Ratio Comparison

The current AGCO Sharpe Ratio is 0.64, which is higher than the CNH Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of AGCO and CNH, 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	CNH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	-0.32	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	-0.20	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.16	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.03	+0.22

Drawdowns

AGCO vs. CNH - Drawdown Comparison

The maximum AGCO drawdown since its inception was -83.96%, which is greater than CNH's maximum drawdown of -65.82%. Use the drawdown chart below to compare losses from any high point for AGCO and CNH.

Drawdown Indicators

	AGCO	CNH	Difference
Max Drawdown Largest peak-to-trough decline	-83.96%	-65.82%	-18.14%
Max Drawdown (1Y) Largest decline over 1 year	-22.23%	-33.19%	+10.96%
Max Drawdown (3Y) Largest decline over 3 years	-43.50%	-37.66%	-5.84%
Max Drawdown (5Y) Largest decline over 5 years	-43.50%	-47.76%	+4.26%
Max Drawdown (10Y) Largest decline over 10 years	-54.07%	-65.82%	+11.75%
Current Drawdown Current decline from peak	-14.64%	-36.84%	+22.20%
Average Drawdown Average peak-to-trough decline	-29.74%	-28.58%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.26%	20.72%	-10.46%

Volatility

AGCO vs. CNH - Volatility Comparison

The current volatility for AGCO Corporation (AGCO) is 11.67%, while CNH Industrial NV (CNH) has a volatility of 14.06%. This indicates that AGCO experiences smaller price fluctuations and is considered to be less risky than CNH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGCO	CNH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.67%	14.06%	-2.39%
Volatility (6M) Calculated over the trailing 6-month period	23.94%	28.65%	-4.71%
Volatility (1Y) Calculated over the trailing 1-year period	33.34%	35.42%	-2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.08%	35.77%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.04%	36.69%	-1.65%

Dividends

AGCO vs. CNH - Dividend Comparison

AGCO's dividend yield for the trailing twelve months is around 0.98%, more than CNH's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGCO AGCO Corporation	0.98%	1.11%	3.92%	5.03%	3.91%	4.10%	0.62%	0.82%	1.08%	0.78%	0.90%	1.06%
CNH CNH Industrial NV	0.91%	2.71%	4.15%	3.25%	1.88%	0.68%	0.00%	1.85%	1.87%	1.64%	1.50%	2.92%

Financials

AGCO vs. CNH - Profitability Comparison

The chart below illustrates the profitability comparison between AGCO Corporation and CNH Industrial NV 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%.

CNH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CNH Industrial NV reported a gross profit of 0.00 and revenue of 3.83B. 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%.

CNH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CNH Industrial NV reported an operating income of 0.00 and revenue of 3.83B, 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%.

CNH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CNH Industrial NV reported a net income of 17.00M and revenue of 3.83B, resulting in a net margin of 0.4%.

Frequently Asked Questions

Can I hold both AGCO and CNH in my portfolio?

AGCO and CNH have a correlation of 0.72, 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 CNH?

CNH has higher volatility (14.06%) compared to AGCO (11.67%). In terms of maximum drawdown, AGCO dropped -83.96% vs CNH's -65.82%.

Which has better risk-adjusted returns?

AGCO currently has the higher Sharpe Ratio (0.64 vs -0.32), 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.