AGRO vs. EMEQ
AGRO (Adecoagro S.A.) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Diversified fund actively managed by Nomura. Over the past year, AGRO returned 36.33% vs 154.82% for EMEQ. At a 0.09 correlation, their price movements are largely independent.
Performance
AGRO vs. EMEQ - Performance Comparison
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Returns By Period
In the year-to-date period, AGRO achieves a 54.06% return, which is significantly lower than EMEQ's 74.89% return.
AGRO
- 1D
- -0.66%
- 1M
- -14.96%
- YTD
- 54.06%
- 6M
- 44.92%
- 1Y
- 36.33%
- 3Y*
- 13.07%
- 5Y*
- 4.27%
- 10Y*
- 2.10%
EMEQ
- 1D
- -1.80%
- 1M
- 16.61%
- YTD
- 74.89%
- 6M
- 86.91%
- 1Y
- 154.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGRO vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AGRO Adecoagro S.A. | 54.06% | -12.37% | -15.77% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 74.89% | 69.78% | -1.16% |
Correlation
The correlation between AGRO and EMEQ is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.09 |
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Return for Risk
AGRO vs. EMEQ — Risk / Return Rank
AGRO
EMEQ
AGRO vs. EMEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adecoagro S.A. (AGRO) and Nomura Focused Emerging Markets Equity ETF (EMEQ). 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.
| AGRO | EMEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.71 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 8.70 | -7.17 |
| Martin ratioReturn relative to average drawdown | 3.07 | 34.77 | -31.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGRO | EMEQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 4.85 | -4.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 2.87 | -2.85 |
Drawdowns
AGRO vs. EMEQ - Drawdown Comparison
The maximum AGRO drawdown since its inception was -73.70%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for AGRO and EMEQ.
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Drawdown Indicators
| AGRO | EMEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.70% | -19.99% | -53.71% |
Max Drawdown (1Y)Largest decline over 1 year | -23.84% | -17.91% | -5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -37.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -72.07% | — | — |
Current DrawdownCurrent decline from peak | -20.22% | -3.05% | -17.17% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -3.97% | -27.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.88% | 4.47% | +7.41% |
Volatility
AGRO vs. EMEQ - Volatility Comparison
The current volatility for Adecoagro S.A. (AGRO) is 13.09%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 15.07%. This indicates that AGRO experiences smaller price fluctuations and is considered to be less risky than EMEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGRO | EMEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.09% | 15.07% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 40.02% | 28.60% | +11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.01% | 32.17% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.81% | 29.97% | +11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.72% | 29.97% | +9.75% |
Dividends
AGRO vs. EMEQ - Dividend Comparison
AGRO's dividend yield for the trailing twelve months is around 2.45%, more than EMEQ's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGRO Adecoagro S.A. | 2.45% | 4.41% | 3.63% | 2.95% | 3.83% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.58% | 2.76% | 0.84% | 0.00% | 0.00% |
Frequently Asked Questions
AGRO and EMEQ have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMEQ has higher volatility (15.07%) compared to AGRO (13.09%). In terms of maximum drawdown, AGRO dropped -73.70% vs EMEQ's -19.99%.
EMEQ currently has the higher Sharpe Ratio (4.85 vs 0.79), 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.
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