PPC vs. AGRO

Last updated Jun 23, 2026

PPC (Pilgrim's Pride Corporation) and AGRO (Adecoagro S.A.) are both stocks. Both are in the Consumer Defensive sector — PPC in Packaged Foods, AGRO in Farm Products. Over the past 10 years, PPC returned 2.28%/yr vs -0.14%/yr for AGRO. At a 0.18 correlation, their price movements are largely independent.

Performance

PPC vs. AGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pilgrim's Pride Corporation (PPC) and Adecoagro S.A. (AGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPC achieves a -31.70% return, which is significantly lower than AGRO's 16.40% return. Over the past 10 years, PPC has outperformed AGRO with an annualized return of 2.28%, while AGRO has yielded a comparatively lower -0.14% annualized return.

PPC

• 1D: -2.53%
• 1M: -6.43%
• YTD: -31.70%
• 6M: -32.45%
• 1Y: -38.70%
• 3Y*: 14.67%
• 5Y*: 7.09%
• 10Y*: 2.28%

AGRO

• 1D: -0.97%
• 1M: -28.57%
• YTD: 16.40%
• 6M: 20.03%
• 1Y: 0.48%
• 3Y*: 1.09%
• 5Y*: -1.08%
• 10Y*: -0.14%

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

PPC vs. AGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPC Pilgrim's Pride Corporation	-31.70%	1.40%	64.10%	16.56%	-15.85%	43.80%	-40.07%	110.96%	-50.06%	63.56%
AGRO Adecoagro S.A.	16.40%	-12.37%	-12.39%	38.60%	11.50%	12.94%	-18.76%	20.26%	-32.69%	-0.39%

Correlation

The correlation between PPC and AGRO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011	0.18

The correlation between PPC and AGRO shifts across timeframes, from 0.04 (1 year) to 0.18 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PPC : $6.35B AGRO : $4.69B
EPS PPC : $3.72 AGRO : $0.03
PE Ratio PPC : 7.15 AGRO : 323.94
PEG Ratio PPC : 0.01 AGRO : 0.10
PS Ratio PPC : 0.34 AGRO : 3.08
PB Ratio PPC : 1.71 AGRO : 2.67
Total Revenue (TTM) PPC : $18.57B AGRO : $1.50B
Gross Profit (TTM) PPC : $2.15B AGRO : $378.81M
EBITDA (TTM) PPC : $1.75B AGRO : $466.25M

Return for Risk

PPC vs. AGRO — Risk / Return Rank

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

PPC

PPC Risk / Return Rank: 4
PPC Sharpe Ratio Rank: 1
PPC Sortino Ratio Rank: 3
PPC Omega Ratio Rank: 4
PPC Calmar Ratio Rank: 8
PPC Martin Ratio Rank: 2

AGRO

AGRO Risk / Return Rank: 41
AGRO Sharpe Ratio Rank: 42
AGRO Sortino Ratio Rank: 40
AGRO Omega Ratio Rank: 39
AGRO Calmar Ratio Rank: 42
AGRO Martin Ratio Rank: 42

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.

PPC vs. AGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pilgrim's Pride Corporation (PPC) 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.

	PPC	AGRO	Difference
Sharpe ratio: Return per unit of total volatility	-1.34	0.01	-1.35
Sortino ratio: Return per unit of downside risk	-2.00	0.37	-2.37
Omega ratio: Gain probability vs. loss probability	0.77	1.04	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.87	0.01	-0.88
Martin ratio: Return relative to average drawdown	-1.76	0.04	-1.80

PPC vs. AGRO - Sharpe Ratio Comparison

The current PPC Sharpe Ratio is -1.34, which is lower than the AGRO Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of PPC and AGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PPC vs. AGRO - Drawdown Comparison

The maximum PPC drawdown since its inception was -99.63%, which is greater than AGRO's maximum drawdown of -73.70%. Use the drawdown chart below to compare losses from any high point for PPC and AGRO.

Drawdown Indicators

	PPC	AGRO	Difference
Max Drawdown Largest peak-to-trough decline	-99.63%	-73.70%	-25.93%
Max Drawdown (1Y) Largest decline over 1 year	-44.75%	-39.72%	-5.03%
Max Drawdown (3Y) Largest decline over 3 years	-48.97%	-39.72%	-9.25%
Max Drawdown (5Y) Largest decline over 5 years	-48.97%	-45.34%	-3.63%
Max Drawdown (10Y) Largest decline over 10 years	-62.00%	-72.07%	+10.07%
Current Drawdown Current decline from peak	-48.97%	-39.72%	-9.25%
Average Drawdown Average peak-to-trough decline	-38.77%	-31.46%	-7.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.98%	13.38%	+8.60%

Volatility

PPC vs. AGRO - Volatility Comparison

The current volatility for Pilgrim's Pride Corporation (PPC) is 10.86%, while Adecoagro S.A. (AGRO) has a volatility of 15.38%. This indicates that PPC 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.

Volatility by Period

	PPC	AGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.86%	15.38%	-4.52%
Volatility (6M) Calculated over the trailing 6-month period	23.39%	40.67%	-17.28%
Volatility (1Y) Calculated over the trailing 1-year period	29.01%	47.98%	-18.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.38%	42.17%	-10.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.32%	39.96%	-6.64%

Dividends

PPC vs. AGRO - Dividend Comparison

PPC's dividend yield for the trailing twelve months is around 7.89%, more than AGRO's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGRO Adecoagro S.A.	3.24%	4.41%	3.63%	2.95%	3.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PPC Pilgrim's Pride Corporation	7.89%	21.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.48%	26.12%

Financials

PPC vs. AGRO - Profitability Comparison

The chart below illustrates the profitability comparison between Pilgrim's Pride Corporation and Adecoagro S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PPC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pilgrim's Pride Corporation reported a gross profit of 345.49M and revenue of 4.53B. Therefore, the gross margin over that period was 7.6%.

AGRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adecoagro S.A. reported a gross profit of 118.57M and revenue of 398.68M. Therefore, the gross margin over that period was 29.7%.

PPC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pilgrim's Pride Corporation reported an operating income of 162.56M and revenue of 4.53B, resulting in an operating margin of 3.6%.

AGRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adecoagro S.A. reported an operating income of 27.86M and revenue of 398.68M, resulting in an operating margin of 7.0%.

PPC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pilgrim's Pride Corporation reported a net income of 101.42M and revenue of 4.53B, resulting in a net margin of 2.2%.

AGRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adecoagro S.A. reported a net income of 40.14M and revenue of 398.68M, resulting in a net margin of 10.1%.

Frequently Asked Questions

Can I hold both PPC and AGRO in my portfolio?

PPC and AGRO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPC or AGRO?

AGRO has higher volatility (15.38%) compared to PPC (10.86%). In terms of maximum drawdown, PPC dropped -99.63% vs AGRO's -73.70%.

Which has better risk-adjusted returns?

AGRO currently has the higher Sharpe Ratio (0.01 vs -1.34), 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.