AGX vs. III.L

Last updated Jun 13, 2026

AGX (Argan, Inc.) and III.L (3I Group plc) are both stocks. AGX operates in Engineering & Construction (Industrials), while III.L operates in Investment Banking & Investment Services (Financial Services). Over the past 10 years, AGX returned 35.01%/yr vs 19.21%/yr for III.L. At a 0.18 correlation, their price movements are largely independent.

Performance

AGX vs. III.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argan, Inc. (AGX) and 3I Group plc (III.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AGX is traded in USD, while III.L is traded in GBp. To make them comparable, the III.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AGX achieves a 105.22% return, which is significantly higher than III.L's -29.56% return. Over the past 10 years, AGX has outperformed III.L with an annualized return of 35.01%, while III.L has yielded a comparatively lower 19.21% annualized return.

AGX

• 1D: 2.89%
• 1M: -10.87%
• YTD: 105.22%
• 6M: 101.00%
• 1Y: 190.56%
• 3Y*: 154.34%
• 5Y*: 71.15%
• 10Y*: 35.01%

III.L

• 1D: 3.61%
• 1M: -5.53%
• YTD: -29.56%
• 6M: -26.02%
• 1Y: -44.56%
• 3Y*: 9.18%
• 5Y*: 15.13%
• 10Y*: 19.21%

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

AGX vs. III.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGX Argan, Inc.	105.22%	130.61%	198.31%	30.24%	-2.01%	-11.64%	19.15%	8.62%	-14.32%	-34.26%
III.L 3I Group plc	-29.56%	0.62%	47.61%	95.24%	-13.78%	27.82%	12.71%	53.02%	-16.76%	46.43%

Correlation

The correlation between AGX and III.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007	0.18

Fundamentals

Market Cap AGX : $9.11B III.L : £23.50B
EPS AGX : $11.38 III.L : £10.41
PE Ratio AGX : 56.36 III.L : 2.22
PEG Ratio AGX : 1.03 III.L : 0.27
PS Ratio AGX : 8.72 III.L : 10.82
PB Ratio AGX : 19.24 III.L : 0.76
Total Revenue (TTM) AGX : $1.04B III.L : £2.12B
Gross Profit (TTM) AGX : $217.93M III.L : £5.57B
EBITDA (TTM) AGX : $163.99M III.L : £9.82B

Return for Risk

AGX vs. III.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGX

AGX Risk / Return Rank: 94
AGX Sharpe Ratio Rank: 94
AGX Sortino Ratio Rank: 92
AGX Omega Ratio Rank: 90
AGX Calmar Ratio Rank: 96
AGX Martin Ratio Rank: 97

III.L

III.L Risk / Return Rank: 7
III.L Sharpe Ratio Rank: 5
III.L Sortino Ratio Rank: 8
III.L Omega Ratio Rank: 6
III.L Calmar Ratio Rank: 11
III.L Martin Ratio Rank: 4

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.

AGX vs. III.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argan, Inc. (AGX) and 3I Group plc (III.L). 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.

	AGX	III.L	Difference
Sharpe ratio: Return per unit of total volatility	2.59	-1.01	+3.60
Sortino ratio: Return per unit of downside risk	3.24	-1.35	+4.58
Omega ratio: Gain probability vs. loss probability	1.41	0.80	+0.60
Calmar ratio: Return relative to maximum drawdown	7.68	-0.85	+8.53
Martin ratio: Return relative to average drawdown	21.89	-1.67	+23.56

AGX vs. III.L - Sharpe Ratio Comparison

The current AGX Sharpe Ratio is 2.59, which is higher than the III.L Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of AGX and III.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGX vs. III.L - Drawdown Comparison

The maximum AGX drawdown since its inception was -94.37%, which is greater than III.L's maximum drawdown of -88.62%. Use the drawdown chart below to compare losses from any high point for AGX and III.L.

Drawdown Indicators

	AGX	III.L	Difference
Max Drawdown Largest peak-to-trough decline	-94.37%	-88.62%	-5.75%
Max Drawdown (1Y) Largest decline over 1 year	-24.96%	-52.57%	+27.61%
Max Drawdown (3Y) Largest decline over 3 years	-43.75%	-52.57%	+8.82%
Max Drawdown (5Y) Largest decline over 5 years	-43.75%	-52.57%	+8.82%
Max Drawdown (10Y) Largest decline over 10 years	-54.61%	-54.36%	-0.25%
Current Drawdown Current decline from peak	-13.39%	-47.55%	+34.16%
Average Drawdown Average peak-to-trough decline	-48.33%	-27.21%	-21.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.78%	26.69%	-17.91%

Volatility

AGX vs. III.L - Volatility Comparison

Argan, Inc. (AGX) and 3I Group plc (III.L) have volatilities of 18.53% and 19.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGX	III.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.53%	19.15%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	54.47%	37.86%	+16.61%
Volatility (1Y) Calculated over the trailing 1-year period	74.07%	43.99%	+30.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.95%	33.13%	+17.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.88%	33.07%	+12.81%

Dividends

AGX vs. III.L - Dividend Comparison

AGX's dividend yield for the trailing twelve months is around 0.29%, less than III.L's 3.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGX Argan, Inc.	0.29%	0.52%	0.93%	2.24%	2.71%	1.94%	7.31%	2.49%	1.98%	4.44%	1.42%	2.16%
III.L 3I Group plc	3.42%	2.42%	1.82%	2.32%	3.76%	2.78%	3.02%	3.42%	4.78%	2.90%	3.41%	2.37%

Financials

Frequently Asked Questions

Can I hold both AGX and III.L in my portfolio?

AGX and III.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.