AGRO vs. HGER
AGRO (Adecoagro S.A.) is a stock, while HGER (Harbor Commodity All-Weather Strategy ETF) is Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. Over the past 3 years, AGRO returned 5.30%/yr vs 18.60%/yr for HGER. At a 0.28 correlation, their price movements are largely independent.
Performance
AGRO vs. HGER - Performance Comparison
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Returns By Period
In the year-to-date period, AGRO achieves a 31.16% return, which is significantly higher than HGER's 23.17% 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%
HGER
- 1D
- -0.84%
- 1M
- 0.86%
- 6M
- 20.50%
- YTD
- 23.17%
- 1Y
- 31.96%
- 3Y*
- 18.60%
- 5Y*
- —
- 10Y*
- —
AGRO vs. HGER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AGRO Adecoagro S.A. | 31.16% | -12.37% | -12.39% | 38.60% | 4.30% |
HGER Harbor Commodity All-Weather Strategy ETF | 23.17% | 20.08% | 9.25% | 1.93% | 9.66% |
Correlation
The correlation between AGRO and HGER is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.28 |
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Return for Risk
AGRO vs. HGER — Risk / Return Rank
AGRO
HGER
AGRO vs. HGER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adecoagro S.A. (AGRO) and Harbor Commodity All-Weather Strategy ETF (HGER). 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 | HGER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.35 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.39 | -1.98 |
| Martin ratioReturn relative to average drawdown | 1.04 | 8.73 | -7.69 |
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Drawdowns
AGRO vs. HGER - Drawdown Comparison
The maximum AGRO drawdown since its inception was -73.70%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for AGRO and HGER.
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Drawdown Indicators
| AGRO | HGER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.70% | -23.31% | -50.39% |
Max Drawdown (1Y)Largest decline over 1 year | -39.99% | -14.04% | -25.95% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -14.04% | -25.95% |
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 | -32.08% | -8.66% | -23.42% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -7.71% | -23.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.75% | 3.83% | +11.92% |
Volatility
AGRO vs. HGER - Volatility Comparison
Adecoagro S.A. (AGRO) has a higher volatility of 16.23% compared to Harbor Commodity All-Weather Strategy ETF (HGER) at 5.75%. This indicates that AGRO's price experiences larger fluctuations and is considered to be riskier than HGER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGRO | HGER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 5.75% | +10.48% |
Volatility (6M)Calculated over the trailing 6-month period | 40.67% | 15.35% | +25.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.55% | 17.37% | +31.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.03% | 17.67% | +24.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.97% | 17.67% | +22.30% |
Dividends
AGRO vs. HGER - Dividend Comparison
AGRO's dividend yield for the trailing twelve months is around 2.87%, less than HGER's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGRO Adecoagro S.A. | 2.87% | 4.41% | 3.63% | 2.95% | 3.83% |
HGER Harbor Commodity All-Weather Strategy ETF | 5.75% | 7.09% | 3.28% | 7.24% | 0.64% |
Frequently Asked Questions
AGRO and HGER have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGRO has higher volatility (16.23%) compared to HGER (5.75%). In terms of maximum drawdown, AGRO dropped -73.70% vs HGER's -23.31%.
HGER currently has the higher Sharpe Ratio (1.93 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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