DOLE vs. AGRO

Last updated Jun 3, 2026

DOLE (Dole plc) and AGRO (Adecoagro S.A.) are both stocks. Both operate in the Farm Products industry within the Consumer Defensive sector. Over the past 3 years, DOLE returned 3.75%/yr vs 14.82%/yr for AGRO. At a 0.21 correlation, their price movements are largely independent.

Performance

DOLE vs. AGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dole plc (DOLE) and Adecoagro S.A. (AGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOLE achieves a -4.99% return, which is significantly lower than AGRO's 59.02% return.

DOLE

• 1D: 0.14%
• 1M: -6.47%
• YTD: -4.99%
• 6M: -1.21%
• 1Y: 2.64%
• 3Y*: 3.75%
• 5Y*: —
• 10Y*: —

AGRO

• 1D: -0.64%
• 1M: -9.28%
• YTD: 59.02%
• 6M: 56.06%
• 1Y: 40.72%
• 3Y*: 14.82%
• 5Y*: 5.34%
• 10Y*: 2.35%

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

DOLE vs. AGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DOLE Dole plc	-4.99%	13.36%	12.83%	30.80%	-25.25%	-7.57%
AGRO Adecoagro S.A.	59.02%	-12.37%	-12.39%	38.60%	11.50%	-19.67%

Correlation

The correlation between DOLE and AGRO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Aug 2, 2021	0.21

Fundamentals

Market Cap DOLE : $1.36B AGRO : $6.40B
EPS DOLE : $0.96 AGRO : $0.03
PE Ratio DOLE : 14.68 AGRO : 442.54
PEG Ratio DOLE : 1.01 AGRO : 0.14
PS Ratio DOLE : 0.14 AGRO : 4.20
PB Ratio DOLE : 0.99 AGRO : 3.65
Total Revenue (TTM) DOLE : $9.42B AGRO : $1.50B
Gross Profit (TTM) DOLE : $717.11M AGRO : $378.81M
EBITDA (TTM) DOLE : $332.26M AGRO : $466.25M

Return for Risk

DOLE vs. AGRO — Risk / Return Rank

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

DOLE

DOLE Risk / Return Rank: 41
DOLE Sharpe Ratio Rank: 44
DOLE Sortino Ratio Rank: 36
DOLE Omega Ratio Rank: 37
DOLE Calmar Ratio Rank: 45
DOLE Martin Ratio Rank: 44

AGRO

AGRO Risk / Return Rank: 67
AGRO Sharpe Ratio Rank: 68
AGRO Sortino Ratio Rank: 65
AGRO Omega Ratio Rank: 63
AGRO Calmar Ratio Rank: 70
AGRO Martin Ratio Rank: 68

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.

DOLE vs. AGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dole plc (DOLE) and Adecoagro S.A. (AGRO). 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.

	DOLE	AGRO	Difference
Sharpe ratio Return per unit of total volatility	0.10	0.89	-0.79
Sortino ratio Return per unit of downside risk	0.31	1.56	-1.25
Omega ratio Gain probability vs. loss probability	1.04	1.19	-0.14
Calmar ratio Return relative to maximum drawdown	0.17	1.68	-1.51
Martin ratio Return relative to average drawdown	0.33	3.40	-3.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOLE vs. AGRO - Sharpe Ratio Comparison

The current DOLE Sharpe Ratio is 0.10, which is lower than the AGRO Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of DOLE and AGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DOLE	AGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	0.89	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.03	+0.03

Drawdowns

DOLE vs. AGRO - Drawdown Comparison

The maximum DOLE drawdown since its inception was -55.66%, smaller than the maximum AGRO drawdown of -73.70%. Use the drawdown chart below to compare losses from any high point for DOLE and AGRO.

Drawdown Indicators

	DOLE	AGRO	Difference
Max Drawdown Largest peak-to-trough decline	-55.66%	-73.70%	+18.04%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-23.84%	+9.19%
Max Drawdown (3Y) Largest decline over 3 years	-27.70%	-37.96%	+10.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.07%	—
Current Drawdown Current decline from peak	-14.35%	-17.65%	+3.30%
Average Drawdown Average peak-to-trough decline	-21.55%	-31.48%	+9.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.45%	11.75%	-4.30%

Volatility

DOLE vs. AGRO - Volatility Comparison

The current volatility for Dole plc (DOLE) is 8.40%, while Adecoagro S.A. (AGRO) has a volatility of 17.72%. This indicates that DOLE experiences smaller price fluctuations and is considered to be less risky than AGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOLE	AGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	17.72%	-9.32%
Volatility (6M) Calculated over the trailing 6-month period	16.17%	39.94%	-23.77%
Volatility (1Y) Calculated over the trailing 1-year period	25.59%	46.01%	-20.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.55%	41.81%	-12.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.55%	39.73%	-10.18%

Dividends

DOLE vs. AGRO - Dividend Comparison

DOLE's dividend yield for the trailing twelve months is around 2.40%, more than AGRO's 2.37% yield.

Position	TTM	2025	2024	2023	2022	2021
AGRO Adecoagro S.A.	2.37%	4.41%	3.63%	2.95%	3.83%	0.00%
DOLE Dole plc	2.40%	2.23%	2.36%	2.60%	3.32%	0.60%

Financials

DOLE vs. AGRO - Profitability Comparison

The chart below illustrates the profitability comparison between Dole plc and Adecoagro S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DOLE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dole plc reported a gross profit of 184.99M and revenue of 2.34B. Therefore, the gross margin over that period was 7.9%.

AGRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

DOLE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dole plc reported an operating income of 61.96M and revenue of 2.34B, resulting in an operating margin of 2.7%.

AGRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adecoagro S.A. reported an operating income of 27.86M and revenue of 398.68M, resulting in an operating margin of 7.0%.

DOLE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dole plc reported a net income of 80.10M and revenue of 2.34B, resulting in a net margin of 3.4%.

AGRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adecoagro S.A. reported a net income of 40.14M and revenue of 398.68M, resulting in a net margin of 10.1%.

Frequently Asked Questions

Can I hold both DOLE and AGRO in my portfolio?

DOLE and AGRO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DOLE or AGRO?

AGRO has higher volatility (17.72%) compared to DOLE (8.40%). In terms of maximum drawdown, DOLE dropped -55.66% vs AGRO's -73.70%.

Which has better risk-adjusted returns?

AGRO currently has the higher Sharpe Ratio (0.89 vs 0.10), 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.