FARMX vs. KROP

Last updated Jun 4, 2026

FARMX (Fidelity Agricultural Productivity Fund) and KROP (Global X AgTech & Food Innovation ETF) are both funds - FARMX is a Energy Equities fund managed by Fidelity, while KROP is a Technology Equities fund tracking the Solactive AgTech & Food Innovation Index. Over the past 3 years, FARMX returned 6.84%/yr vs 0.81%/yr for KROP. A 0.72 correlation means they provide meaningful diversification when combined. FARMX charges 0.99%/yr vs 0.50%/yr for KROP.

Performance

FARMX vs. KROP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Agricultural Productivity Fund (FARMX) and Global X AgTech & Food Innovation ETF (KROP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FARMX achieves a 19.17% return, which is significantly higher than KROP's 16.34% return.

FARMX

• 1D: 1.84%
• 1M: -2.00%
• YTD: 19.17%
• 6M: 18.47%
• 1Y: 15.19%
• 3Y*: 6.84%
• 5Y*: 3.99%
• 10Y*: —

KROP

• 1D: 0.21%
• 1M: -0.06%
• YTD: 16.34%
• 6M: 14.63%
• 1Y: 13.67%
• 3Y*: 0.81%
• 5Y*: —
• 10Y*: —

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

FARMX vs. KROP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FARMX Fidelity Agricultural Productivity Fund	19.17%	7.99%	-4.83%	-11.61%	13.68%	5.83%
KROP Global X AgTech & Food Innovation ETF	16.34%	7.95%	-8.74%	-23.86%	-27.23%	-18.75%

Correlation

The correlation between FARMX and KROP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.72

The correlation between FARMX and KROP has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

Return for Risk

FARMX vs. KROP — Risk / Return Rank

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

FARMX

FARMX Risk / Return Rank: 13
FARMX Sharpe Ratio Rank: 13
FARMX Sortino Ratio Rank: 14
FARMX Omega Ratio Rank: 12
FARMX Calmar Ratio Rank: 18
FARMX Martin Ratio Rank: 10

KROP

KROP Risk / Return Rank: 24
KROP Sharpe Ratio Rank: 24
KROP Sortino Ratio Rank: 24
KROP Omega Ratio Rank: 23
KROP Calmar Ratio Rank: 26
KROP Martin Ratio Rank: 22

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.

FARMX vs. KROP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Agricultural Productivity Fund (FARMX) and Global X AgTech & Food Innovation ETF (KROP). 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.

	FARMX	KROP	Difference
Sharpe ratio: Return per unit of total volatility	0.97	0.86	+0.12
Sortino ratio: Return per unit of downside risk	1.51	1.31	+0.20
Omega ratio: Gain probability vs. loss probability	1.18	1.16	+0.01
Calmar ratio: Return relative to maximum drawdown	1.54	1.22	+0.33
Martin ratio: Return relative to average drawdown	3.09	2.75	+0.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FARMX vs. KROP - Sharpe Ratio Comparison

The current FARMX Sharpe Ratio is 0.97, which is comparable to the KROP Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of FARMX and KROP, 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

	FARMX	KROP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.86	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	-0.57	+1.33

Drawdowns

FARMX vs. KROP - Drawdown Comparison

The maximum FARMX drawdown since its inception was -30.27%, smaller than the maximum KROP drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for FARMX and KROP.

Drawdown Indicators

	FARMX	KROP	Difference
Max Drawdown Largest peak-to-trough decline	-30.27%	-61.96%	+31.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-11.29%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-19.81%	-28.70%	+8.89%
Max Drawdown (5Y) Largest decline over 5 years	-30.27%	—	—
Current Drawdown Current decline from peak	-4.35%	-49.05%	+44.70%
Average Drawdown Average peak-to-trough decline	-12.84%	-44.50%	+31.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	4.99%	-0.06%

Volatility

FARMX vs. KROP - Volatility Comparison

The current volatility for Fidelity Agricultural Productivity Fund (FARMX) is 4.18%, while Global X AgTech & Food Innovation ETF (KROP) has a volatility of 4.77%. This indicates that FARMX experiences smaller price fluctuations and is considered to be less risky than KROP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FARMX	KROP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	4.77%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	12.15%	12.01%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	15.70%	16.04%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	22.28%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.71%	22.28%	-2.57%

FARMX vs. KROP - Expense Ratio Comparison

FARMX has a 0.99% expense ratio, which is higher than KROP's 0.50% expense ratio.

Dividends

FARMX vs. KROP - Dividend Comparison

FARMX's dividend yield for the trailing twelve months is around 1.55%, less than KROP's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FARMX Fidelity Agricultural Productivity Fund	1.55%	1.85%	2.29%	1.33%	1.17%	0.71%	0.45%
KROP Global X AgTech & Food Innovation ETF	2.35%	2.73%	1.89%	1.36%	0.71%	0.69%	0.00%

Frequently Asked Questions

Can I hold both FARMX and KROP in my portfolio?

FARMX and KROP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FARMX or KROP?

KROP has higher volatility (4.77%) compared to FARMX (4.18%). In terms of maximum drawdown, FARMX dropped -30.27% vs KROP's -61.96%.

Which has better risk-adjusted returns?

FARMX currently has the higher Sharpe Ratio (0.97 vs 0.86), 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.