LND vs. FPI
LND (BrasilAgro - Companhia Brasileira de Propriedades Agrícolas) and FPI (Farmland Partners Inc.) are both stocks. LND operates in Farm Products (Consumer Defensive), while FPI operates in REIT - Specialty (Real Estate). Over the past 10 years, LND returned 6.36%/yr vs 2.55%/yr for FPI. At a 0.16 correlation, their price movements are largely independent.
Performance
LND vs. FPI - Performance Comparison
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Returns By Period
In the year-to-date period, LND achieves a 1.12% return, which is significantly lower than FPI's 1.44% return. Over the past 10 years, LND has outperformed FPI with an annualized return of 6.36%, while FPI has yielded a comparatively lower 2.55% annualized return.
LND
- 1D
- -1.36%
- 1M
- -3.21%
- 6M
- -3.21%
- YTD
- 1.12%
- 1Y
- 0.31%
- 3Y*
- -4.62%
- 5Y*
- 0.31%
- 10Y*
- 6.36%
FPI
- 1D
- 0.00%
- 1M
- -2.90%
- 6M
- -4.98%
- YTD
- 1.44%
- 1Y
- -8.97%
- 3Y*
- -1.69%
- 5Y*
- -0.30%
- 10Y*
- 2.55%
LND vs. FPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | 1.12% | 3.05% | -27.24% | 4.20% | 23.23% | 17.11% | 8.24% | 25.19% | 20.93% | 9.47% |
FPI Farmland Partners Inc. | 1.44% | -14.11% | 5.66% | 3.99% | 6.09% | 39.70% | 32.09% | 53.84% | -45.13% | -17.84% |
Correlation
The correlation between LND and FPI is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2014 | 0.16 |
Fundamentals
LND:
$360.61M
FPI:
$418.73M
LND:
-R$0.32
FPI:
$0.66
LND:
4.32
FPI:
8.18
LND:
0.91
FPI:
0.90
LND:
R$426.76M
FPI:
$53.83M
LND:
R$106.95M
FPI:
$42.39M
LND:
R$77.30M
FPI:
$36.98M
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Return for Risk
LND vs. FPI — Risk / Return Rank
LND
FPI
LND vs. FPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) and Farmland Partners Inc. (FPI). 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.
| LND | FPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.95 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.35 | +0.36 |
| Martin ratioReturn relative to average drawdown | 0.04 | -0.71 | +0.75 |
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Drawdowns
LND vs. FPI - Drawdown Comparison
The maximum LND drawdown since its inception was -53.59%, smaller than the maximum FPI drawdown of -59.77%. Use the drawdown chart below to compare losses from any high point for LND and FPI.
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Drawdown Indicators
| LND | FPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.59% | -59.77% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -20.14% | -26.03% | +5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -26.03% | -6.25% |
Max Drawdown (5Y)Largest decline over 5 years | -46.76% | -39.88% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -48.59% | -57.44% | +8.85% |
Current DrawdownCurrent decline from peak | -36.74% | -25.76% | -10.98% |
Average DrawdownAverage peak-to-trough decline | -21.83% | -23.63% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.18% | 12.68% | -4.50% |
Volatility
LND vs. FPI - Volatility Comparison
The current volatility for BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) is 5.22%, while Farmland Partners Inc. (FPI) has a volatility of 5.93%. This indicates that LND experiences smaller price fluctuations and is considered to be less risky than FPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LND | FPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 5.93% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 18.52% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.23% | 23.24% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.50% | 28.12% | +8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.46% | 35.66% | +4.80% |
Dividends
LND vs. FPI - Dividend Comparison
LND's dividend yield for the trailing twelve months is around 3.91%, less than FPI's 5.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 5.21% | 4.54% | 11.31% | 3.61% | 1.85% | 1.67% | 2.30% | 2.95% | 7.82% | 5.88% | 4.57% | 4.54% |
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | 3.91% | 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. FPI - Financials Comparison
This section allows you to compare key financial metrics between BrasilAgro - Companhia Brasileira de Propriedades Agrícolas and Farmland Partners Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LND vs. FPI - Profitability Comparison
LND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
FPI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Farmland Partners Inc. reported a gross profit of 8.63M and revenue of 10.10M. Therefore, the gross margin over that period was 85.5%.
LND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
FPI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Farmland Partners Inc. reported an operating income of 3.57M and revenue of 10.10M, resulting in an operating margin of 35.4%.
LND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
FPI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Farmland Partners Inc. reported a net income of 640.00K and revenue of 10.10M, resulting in a net margin of 6.3%.
Frequently Asked Questions
LND and FPI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPI has higher volatility (5.93%) compared to LND (5.22%). In terms of maximum drawdown, LND dropped -53.59% vs FPI's -59.77%.
LND currently has the higher Sharpe Ratio (0.01 vs -0.39), 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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