ALAB vs MDLZ: Correlation
How closely do Astera Labs, Inc. (ALAB) and Mondelez International (MDLZ) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALAB and MDLZ?
Over the past 3 years, ALAB and MDLZ moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.22 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -385.0 %².
Within ALAB's tracked universe of 18 assets, MDLZ comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALAB ahead by 65.1 points (+69.7% versus +4.6%). Note the risk asymmetry: ALAB runs 4.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALAB vs MDLZ: side by side
| ALAB (Astera Labs, Inc.) | MDLZ (Mondelez International) | |
|---|---|---|
| 1-year return | +69.7% | +4.6% |
| 5-year return | n/a | +14.7% |
| Volatility (ann.) | 84.6% | 20.5% |
| Beta vs S&P 500 | 2.90 | 0.03 |
| Max drawdown (3Y) | -63.7% | -29.0% |
| Market cap | $52.8B | $79.7B |
| P/E (trailing) | 142.8 | 22.9 |
| Dividend yield | 0.00% | 3.17% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ALAB | MDLZ |
|---|---|---|
| 2022 | – | +2.9% |
| 2023 | – | +11.2% |
| 2024 | – | -15.3% |
| 2025 | +25.6% | -7.0% |
| 2026 | +82.8% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALAB and MDLZ good diversifiers for each other?
Yes. With a correlation of -0.22, ALAB and MDLZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALAB and MDLZ?
As of 2026-08-27, the correlation of weekly returns between ALAB and MDLZ is -0.22 over 3 years, -0.19 over 1 year and n/a over 5 years.
Is MDLZ a good diversifier for ALAB?
Yes. With a correlation of -0.22, ALAB and MDLZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: ALAB correlations · MDLZ correlations
