FARMX vs. AGM
FARMX (Fidelity Agricultural Productivity Fund) is Energy Equities fund managed by Fidelity, while AGM (Federal Agricultural Mortgage Corporation Class C) is a stock. Over the past 5 years, FARMX returned 6.04%/yr vs 22.35%/yr for AGM. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
FARMX vs. AGM - Performance Comparison
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Returns By Period
In the year-to-date period, FARMX achieves a 23.52% return, which is significantly lower than AGM's 32.18% return.
FARMX
- 1D
- -0.45%
- 1M
- 2.22%
- 6M
- 10.46%
- YTD
- 23.52%
- 1Y
- 19.48%
- 3Y*
- 5.11%
- 5Y*
- 6.04%
- 10Y*
- —
- ALL TIME*
- 15.07%
AGM
- 1D
- 3.31%
- 1M
- 13.27%
- 6M
- 37.07%
- YTD
- 32.18%
- 1Y
- 38.47%
- 3Y*
- 15.35%
- 5Y*
- 22.35%
- 10Y*
- 23.70%
- ALL TIME*
- 20.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.71M | $26.87M | $25.58M | |
| $0.00 | $0.00 | $0.00 |
FARMX vs. AGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FARMX Fidelity Agricultural Productivity Fund | 23.52% | 7.99% | -4.83% | -11.61% | 13.68% | 23.36% | 53.58% |
AGM Federal Agricultural Mortgage Corporation Class C | 32.18% | -7.96% | 6.08% | 74.61% | -5.83% | 72.62% | 41.24% |
Correlation
The correlation between FARMX and AGM is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020 | 0.46 |
Over the past year, the correlation between FARMX and AGM has dropped to 0.07 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
FARMX vs. AGM — Risk / Return Rank
FARMX
AGM
FARMX vs. AGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Agricultural Productivity Fund (FARMX) and Federal Agricultural Mortgage Corporation Class C (AGM). 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.
| FARMX | AGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.16 | +1.09 |
| Martin ratioReturn relative to average drawdown | 4.36 | 2.24 | +2.13 |
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Drawdowns
FARMX vs. AGM - Drawdown Comparison
The maximum FARMX drawdown since its inception was -30.27%, smaller than the maximum AGM drawdown of -94.63%. Use the drawdown chart below to compare losses from any high point for FARMX and AGM.
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Drawdown Indicators
| FARMX | AGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.27% | -94.63% | +64.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -31.94% | +23.95% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -32.54% | +13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -30.27% | -32.54% | +2.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.30% | — |
Current DrawdownCurrent decline from peak | -1.98% | 0.00% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -27.75% | +15.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 16.51% | -12.40% |
Volatility
FARMX vs. AGM - Volatility Comparison
The current volatility for Fidelity Agricultural Productivity Fund (FARMX) is 4.45%, while Federal Agricultural Mortgage Corporation Class C (AGM) has a volatility of 7.91%. This indicates that FARMX experiences smaller price fluctuations and is considered to be less risky than AGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FARMX | AGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 7.91% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 25.67% | -13.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 31.05% | -15.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 30.00% | -11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 34.49% | -14.90% |
Dividends
FARMX vs. AGM - Dividend Comparison
FARMX's dividend yield for the trailing twelve months is around 1.24%, less than AGM's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGM Federal Agricultural Mortgage Corporation Class C | 2.72% | 3.42% | 2.84% | 2.30% | 3.37% | 2.84% | 4.31% | 3.35% | 3.84% | 1.84% | 1.82% | 2.03% |
FARMX Fidelity Agricultural Productivity Fund | 1.24% | 1.85% | 2.29% | 1.33% | 1.17% | 0.71% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FARMX and AGM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGM has higher volatility (7.91%) compared to FARMX (4.45%). In terms of maximum drawdown, FARMX dropped -30.27% vs AGM's -94.63%.
AGM currently has the higher Sharpe Ratio (1.19 vs 1.12), 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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