AGRO vs. FRO
AGRO (Adecoagro S.A.) and FRO (Frontline Ltd.) are both stocks. AGRO operates in Farm Products (Consumer Defensive), while FRO operates in Oil & Gas Midstream (Energy). Over the past 10 years, AGRO returned 0.95%/yr vs 25.40%/yr for FRO. At a 0.17 correlation, their price movements are largely independent.
Performance
AGRO vs. FRO - Performance Comparison
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Returns By Period
In the year-to-date period, AGRO achieves a 31.16% return, which is significantly lower than FRO's 88.15% return. Over the past 10 years, AGRO has underperformed FRO with an annualized return of 0.95%, while FRO has yielded a comparatively higher 25.40% annualized return.
AGRO
- 1D
- 3.10%
- 1M
- -11.80%
- 6M
- 24.56%
- YTD
- 31.16%
- 1Y
- 12.50%
- 3Y*
- 5.30%
- 5Y*
- 4.61%
- 10Y*
- 0.95%
FRO
- 1D
- 4.29%
- 1M
- 7.17%
- 6M
- 64.34%
- YTD
- 88.15%
- 1Y
- 120.41%
- 3Y*
- 47.42%
- 5Y*
- 45.52%
- 10Y*
- 25.40%
AGRO vs. FRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGRO Adecoagro S.A. | 31.16% | -12.37% | -12.39% | 38.60% | 11.50% | 12.94% | -18.76% | 20.26% | -32.69% | -0.39% |
FRO Frontline Ltd. | 88.15% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
Correlation
The correlation between AGRO and FRO 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 (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011 | 0.17 |
The correlation between AGRO and FRO shifts across timeframes, from 0.05 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AGRO:
$5.82B
FRO:
$8.49B
AGRO:
$0.03
FRO:
$4.06
AGRO:
366.37
FRO:
9.38
AGRO:
3.48
FRO:
3.77
AGRO:
3.01
FRO:
2.99
AGRO:
$1.50B
FRO:
$2.25B
AGRO:
$378.81M
FRO:
$933.72M
AGRO:
$466.25M
FRO:
$1.21B
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Return for Risk
AGRO vs. FRO — Risk / Return Rank
AGRO
FRO
AGRO vs. FRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adecoagro S.A. (AGRO) and Frontline Ltd. (FRO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGRO | FRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.41 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 6.01 | -5.60 |
| Martin ratioReturn relative to average drawdown | 1.04 | 16.05 | -15.02 |
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Drawdowns
AGRO vs. FRO - Drawdown Comparison
The maximum AGRO drawdown since its inception was -73.70%, smaller than the maximum FRO drawdown of -98.36%. Use the drawdown chart below to compare losses from any high point for AGRO and FRO.
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Drawdown Indicators
| AGRO | FRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.70% | -98.36% | +24.66% |
Max Drawdown (1Y)Largest decline over 1 year | -39.99% | -21.41% | -18.58% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -52.04% | +12.05% |
Max Drawdown (5Y)Largest decline over 5 years | -45.34% | -52.04% | +6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -72.07% | -52.04% | -20.03% |
Current DrawdownCurrent decline from peak | -32.08% | -70.70% | +38.62% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -67.85% | +36.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.75% | 8.00% | +7.75% |
Volatility
AGRO vs. FRO - Volatility Comparison
The current volatility for Adecoagro S.A. (AGRO) is 16.23%, while Frontline Ltd. (FRO) has a volatility of 18.96%. This indicates that AGRO experiences smaller price fluctuations and is considered to be less risky than FRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGRO | FRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 18.96% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 40.67% | 33.34% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.55% | 43.27% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.03% | 49.84% | -7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.97% | 51.16% | -11.19% |
Dividends
AGRO vs. FRO - Dividend Comparison
AGRO's dividend yield for the trailing twelve months is around 2.87%, less than FRO's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGRO Adecoagro S.A. | 2.87% | 4.41% | 3.63% | 2.95% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRO Frontline Ltd. | 8.21% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
Financials
AGRO vs. FRO - Financials Comparison
This section allows you to compare key financial metrics between Adecoagro S.A. and Frontline Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AGRO vs. FRO - Profitability Comparison
AGRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Adecoagro S.A. reported a gross profit of 118.57M and revenue of 398.68M. Therefore, the gross margin over that period was 29.7%.
FRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Frontline Ltd. reported a gross profit of 395.96M and revenue of 714.24M. Therefore, the gross margin over that period was 55.4%.
AGRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Adecoagro S.A. reported an operating income of 27.86M and revenue of 398.68M, resulting in an operating margin of 7.0%.
FRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Frontline Ltd. reported an operating income of 370.04M and revenue of 714.24M, resulting in an operating margin of 51.8%.
AGRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Adecoagro S.A. reported a net income of 40.14M and revenue of 398.68M, resulting in a net margin of 10.1%.
FRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Frontline Ltd. reported a net income of 559.12M and revenue of 714.24M, resulting in a net margin of 78.3%.
Frequently Asked Questions
AGRO and FRO 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.
FRO has higher volatility (18.96%) compared to AGRO (16.23%). In terms of maximum drawdown, AGRO dropped -73.70% vs FRO's -98.36%.
FRO currently has the higher Sharpe Ratio (2.98 vs 0.34), 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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