CHD vs MDLZ: Correlation
Measured on weekly returns over the past three years, Church & Dwight (CHD) and Mondelez International (MDLZ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and MDLZ?
On 3 years of weekly data the CHD/MDLZ correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.33 over 3. The 5-year figure is 0.44, and annualized covariance runs at 118.2 %².
Among the 27 assets we track against CHD, MDLZ ranks #14 by 3-year correlation. Over the last 12 months CHD came out ahead by 6.9 percentage points (+11.5% against +4.6%). On a rolling one-year basis the correlation drifted between 0.19 and 0.57, a moderate band.
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.
CHD vs MDLZ: side by side
| CHD (Church & Dwight) | MDLZ (Mondelez International) | |
|---|---|---|
| 1-year return | +11.5% | +4.6% |
| 5-year return | +30.0% | +14.7% |
| Volatility (ann.) | 17.6% | 20.5% |
| Beta vs S&P 500 | 0.07 | 0.03 |
| Max drawdown (3Y) | -27.3% | -29.0% |
| Market cap | $24.3B | $79.7B |
| P/E (trailing) | 33.0 | 22.9 |
| Dividend yield | 1.17% | 3.17% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CHD | MDLZ |
|---|---|---|
| 2022 | -20.4% | +2.9% |
| 2023 | +18.7% | +11.2% |
| 2024 | +12.0% | -15.3% |
| 2025 | -18.9% | -7.0% |
| 2026 | +23.2% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and MDLZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHD and MDLZ?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.32 over the last year and 0.44 over 5 years.
Is MDLZ a good diversifier for CHD?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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: CHD correlations · MDLZ correlations
