FTGC vs. AGRO
FTGC (First Trust Global Tactical Commodity Strategy Fund) is Commodities fund actively managed by First Trust, while AGRO (Adecoagro S.A.) is a stock. Over the past 10 years, FTGC returned 8.01%/yr vs 1.08%/yr for AGRO. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
FTGC vs. AGRO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FTGC having a 27.22% return and AGRO slightly lower at 26.83%. Over the past 10 years, FTGC has outperformed AGRO with an annualized return of 8.01%, while AGRO has yielded a comparatively lower 1.08% annualized return.
FTGC
- 1D
- 0.03%
- 1M
- 6.85%
- 6M
- 16.44%
- YTD
- 27.22%
- 1Y
- 38.55%
- 3Y*
- 14.53%
- 5Y*
- 12.93%
- 10Y*
- 8.01%
- ALL TIME*
- 3.31%
AGRO
- 1D
- -1.87%
- 1M
- 5.17%
- 6M
- 13.52%
- YTD
- 26.83%
- 1Y
- 11.87%
- 3Y*
- 0.23%
- 5Y*
- 3.87%
- 10Y*
- 1.08%
- ALL TIME*
- 0.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AGRO Adecoagro S.A. | $7.27M | $6.92M | $10.04M |
| $15.55M | $14.47M | $23.37M |
FTGC vs. AGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 27.22% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 2.73% |
AGRO Adecoagro S.A. | 26.83% | -12.37% | -12.39% | 38.60% | 11.50% | 12.94% | -18.76% | 20.26% | -32.69% | -0.39% |
Correlation
The correlation between FTGC and AGRO is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2013 | 0.26 |
The correlation between FTGC and AGRO shifts across timeframes, from 0.26 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FTGC vs. AGRO — Risk / Return Rank
FTGC
AGRO
FTGC vs. AGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) 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.
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.
| FTGC | AGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.08 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 0.30 | +2.84 |
| Martin ratioReturn relative to average drawdown | 10.32 | 0.72 | +9.60 |
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Drawdowns
FTGC vs. AGRO - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, smaller than the maximum AGRO drawdown of -73.70%. Use the drawdown chart below to compare losses from any high point for FTGC and AGRO.
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Drawdown Indicators
| FTGC | AGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -73.70% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -39.99% | +27.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -39.99% | +27.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -45.34% | +22.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | -72.07% | +36.16% |
Current DrawdownCurrent decline from peak | -4.60% | -34.32% | +29.72% |
Average DrawdownAverage peak-to-trough decline | -27.17% | -31.48% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 16.44% | -12.69% |
Volatility
FTGC vs. AGRO - Volatility Comparison
The current volatility for First Trust Global Tactical Commodity Strategy Fund (FTGC) is 4.34%, while Adecoagro S.A. (AGRO) has a volatility of 14.49%. This indicates that FTGC 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.
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Volatility by Period
| FTGC | AGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 14.49% | -10.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 41.25% | -27.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.87% | 49.77% | -33.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 42.21% | -26.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.73% | 40.11% | -25.38% |
Dividends
FTGC vs. AGRO - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 15.23%, more than AGRO's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AGRO Adecoagro S.A. | 2.97% | 4.41% | 3.63% | 2.95% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.23% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Frequently Asked Questions
FTGC and AGRO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGRO has higher volatility (14.49%) compared to FTGC (4.34%). In terms of maximum drawdown, FTGC dropped -59.47% vs AGRO's -73.70%.
FTGC currently has the higher Sharpe Ratio (2.44 vs 0.24), 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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