LND vs. BG

Last updated Jun 4, 2026

LND (BrasilAgro - Companhia Brasileira de Propriedades Agrícolas) and BG (Bunge Limited) are both stocks. Both operate in the Farm Products industry within the Consumer Defensive sector. Over the past 10 years, LND returned 8.21%/yr vs 10.10%/yr for BG. At a 0.15 correlation, their price movements are largely independent.

Performance

LND vs. BG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) and Bunge Limited (BG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LND achieves a 4.47% return, which is significantly lower than BG's 49.26% return. Over the past 10 years, LND has underperformed BG with an annualized return of 8.21%, while BG has yielded a comparatively higher 10.10% annualized return.

LND

• 1D: -2.60%
• 1M: -2.35%
• YTD: 4.47%
• 6M: 0.00%
• 1Y: 0.94%
• 3Y*: 0.32%
• 5Y*: -2.63%
• 10Y*: 8.21%

BG

• 1D: 1.77%
• 1M: 3.59%
• YTD: 49.26%
• 6M: 39.53%
• 1Y: 77.15%
• 3Y*: 15.81%
• 5Y*: 11.16%
• 10Y*: 10.10%

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

LND vs. BG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas	4.47%	3.05%	-27.24%	4.20%	23.23%	17.11%	8.24%	25.19%	20.93%	9.47%
BG Bunge Limited	49.26%	18.56%	-20.74%	3.79%	9.28%	46.77%	18.92%	11.77%	-17.99%	-4.76%

Correlation

The correlation between LND and BG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 16, 2012	0.15

Fundamentals

Market Cap LND : $372.56M BG : $25.76B
EPS LND : -$0.32 BG : $4.12
PS Ratio LND : 0.88 BG : 0.27
PB Ratio LND : 0.18 BG : 1.48
Total Revenue (TTM) LND : $426.76M BG : $80.55B
Gross Profit (TTM) LND : $106.95M BG : $3.58B
EBITDA (TTM) LND : $77.30M BG : $2.19B

Return for Risk

LND vs. BG — Risk / Return Rank

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

LND

LND Risk / Return Rank: 39
LND Sharpe Ratio Rank: 42
LND Sortino Ratio Rank: 35
LND Omega Ratio Rank: 34
LND Calmar Ratio Rank: 41
LND Martin Ratio Rank: 41

BG

BG Risk / Return Rank: 91
BG Sharpe Ratio Rank: 91
BG Sortino Ratio Rank: 92
BG Omega Ratio Rank: 89
BG Calmar Ratio Rank: 91
BG Martin Ratio Rank: 92

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.

LND vs. BG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) and Bunge Limited (BG). 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.

	LND	BG	Difference
Sharpe ratio Return per unit of total volatility	0.04	2.48	-2.44
Sortino ratio Return per unit of downside risk	0.24	3.62	-3.38
Omega ratio Gain probability vs. loss probability	1.03	1.42	-0.39
Calmar ratio Return relative to maximum drawdown	0.06	5.04	-4.97
Martin ratio Return relative to average drawdown	0.14	14.09	-13.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LND vs. BG - Sharpe Ratio Comparison

The current LND Sharpe Ratio is 0.04, which is lower than the BG Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of LND and BG, 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

	LND	BG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	2.48	-2.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.38	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.33	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.33	-0.20

Drawdowns

LND vs. BG - Drawdown Comparison

The maximum LND drawdown since its inception was -53.59%, smaller than the maximum BG drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for LND and BG.

Drawdown Indicators

	LND	BG	Difference
Max Drawdown Largest peak-to-trough decline	-53.59%	-77.34%	+23.75%
Max Drawdown (1Y) Largest decline over 1 year	-14.87%	-15.39%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-32.28%	-38.82%	+6.54%
Max Drawdown (5Y) Largest decline over 5 years	-46.76%	-41.49%	-5.27%
Max Drawdown (10Y) Largest decline over 10 years	-48.59%	-60.49%	+11.90%
Current Drawdown Current decline from peak	-34.64%	0.00%	-34.64%
Average Drawdown Average peak-to-trough decline	-21.73%	-28.91%	+7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.66%	5.50%	+1.16%

Volatility

LND vs. BG - Volatility Comparison

The current volatility for BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) is 7.44%, while Bunge Limited (BG) has a volatility of 8.83%. This indicates that LND experiences smaller price fluctuations and is considered to be less risky than BG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LND	BG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	8.83%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	19.74%	19.24%	+0.50%
Volatility (1Y) Calculated over the trailing 1-year period	26.21%	31.41%	-5.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.89%	29.26%	+7.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.78%	30.99%	+9.79%

Dividends

LND vs. BG - Dividend Comparison

LND's dividend yield for the trailing twelve months is around 3.78%, more than BG's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BG Bunge Limited	2.15%	3.12%	3.48%	2.55%	2.31%	2.76%	3.05%	3.48%	3.59%	2.62%	2.21%	2.11%
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas	3.78%	3.95%	7.44%	12.40%	18.07%	8.86%	2.54%	4.67%	4.75%	1.93%	4.78%	11.78%

Financials

LND vs. BG - Profitability Comparison

The chart below illustrates the profitability comparison between BrasilAgro - Companhia Brasileira de Propriedades Agrícolas and Bunge Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LND - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BrasilAgro - Companhia Brasileira de Propriedades Agrícolas reported a gross profit of 2.25M and revenue of 26.87M. Therefore, the gross margin over that period was 8.4%.

BG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bunge Limited reported a gross profit of 766.00M and revenue of 21.86B. Therefore, the gross margin over that period was 3.5%.

LND - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BrasilAgro - Companhia Brasileira de Propriedades Agrícolas reported an operating income of -7.05M and revenue of 26.87M, resulting in an operating margin of -26.2%.

BG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bunge Limited reported an operating income of 235.00M and revenue of 21.86B, resulting in an operating margin of 1.1%.

LND - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BrasilAgro - Companhia Brasileira de Propriedades Agrícolas reported a net income of -2.72M and revenue of 26.87M, resulting in a net margin of -10.1%.

BG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bunge Limited reported a net income of 68.00M and revenue of 21.86B, resulting in a net margin of 0.3%.

Frequently Asked Questions

Can I hold both LND and BG in my portfolio?

LND and BG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LND or BG?

BG has higher volatility (8.83%) compared to LND (7.44%). In terms of maximum drawdown, LND dropped -53.59% vs BG's -77.34%.

Which has better risk-adjusted returns?

BG currently has the higher Sharpe Ratio (2.48 vs 0.04), 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.