AGRO vs. USCI
AGRO (Adecoagro S.A.) is a stock, while USCI (United States Commodity Index Fund) is Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Over the past 10 years, AGRO returned 0.95%/yr vs 8.41%/yr for USCI. At a 0.25 correlation, their price movements are largely independent.
Performance
AGRO vs. USCI - 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 USCI's 23.68% return. Over the past 10 years, AGRO has underperformed USCI with an annualized return of 0.95%, while USCI has yielded a comparatively higher 8.41% 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%
USCI
- 1D
- -0.50%
- 1M
- -0.05%
- 6M
- 22.70%
- YTD
- 23.68%
- 1Y
- 28.10%
- 3Y*
- 20.39%
- 5Y*
- 19.25%
- 10Y*
- 8.41%
AGRO vs. USCI - 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% |
USCI United States Commodity Index Fund | 23.68% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
Correlation
The correlation between AGRO and USCI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011 | 0.25 |
The correlation between AGRO and USCI shifts across timeframes, from 0.25 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGRO vs. USCI — Risk / Return Rank
AGRO
USCI
AGRO vs. USCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adecoagro S.A. (AGRO) and United States Commodity Index Fund (USCI). 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 | USCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.30 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.67 | -2.26 |
| Martin ratioReturn relative to average drawdown | 1.04 | 8.50 | -7.46 |
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Drawdowns
AGRO vs. USCI - Drawdown Comparison
The maximum AGRO drawdown since its inception was -73.70%, which is greater than USCI's maximum drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for AGRO and USCI.
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Drawdown Indicators
| AGRO | USCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.70% | -66.41% | -7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -39.99% | -11.19% | -28.80% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -12.01% | -27.98% |
Max Drawdown (5Y)Largest decline over 5 years | -45.34% | -18.84% | -26.50% |
Max Drawdown (10Y)Largest decline over 10 years | -72.07% | -45.82% | -26.25% |
Current DrawdownCurrent decline from peak | -32.08% | -6.52% | -25.56% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -29.37% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.75% | 3.51% | +12.24% |
Volatility
AGRO vs. USCI - Volatility Comparison
Adecoagro S.A. (AGRO) has a higher volatility of 16.23% compared to United States Commodity Index Fund (USCI) at 4.94%. This indicates that AGRO's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGRO | USCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 4.94% | +11.29% |
Volatility (6M)Calculated over the trailing 6-month period | 40.67% | 14.42% | +26.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.55% | 16.91% | +31.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.03% | 18.40% | +23.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.97% | 15.88% | +24.09% |
Dividends
AGRO vs. USCI - Dividend Comparison
AGRO's dividend yield for the trailing twelve months is around 2.87%, while USCI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGRO Adecoagro S.A. | 2.87% | 4.41% | 3.63% | 2.95% | 3.83% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGRO and USCI have a correlation of 0.37, 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 USCI (4.94%). In terms of maximum drawdown, AGRO dropped -73.70% vs USCI's -66.41%.
USCI currently has the higher Sharpe Ratio (1.77 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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