Yes. As reported for example in Sade et al., 2009 in Tomatoes and Attia et al., 2015 in Poplars. The key to good correlation (e.g. yield prediction) is based on the proper experiment scenario design i.e. drought scenarios (short, long and terminal), where each of those stresses will lead to totally different results. For further details, see Negin et al 2016.