CRDO vs MDLZ: Correlation
How closely do Credo Technology Group Holding Ltd (CRDO) and Mondelez International (MDLZ) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDO and MDLZ?
Across a 3-year window, the weekly returns of CRDO and MDLZ correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -431.6 %².
Out of 20 assets tracked against CRDO, MDLZ lands near the bottom at #16. The last year tells two different stories: CRDO led by 91.1 percentage points, +95.7% for CRDO against +4.6% for MDLZ. Note the risk asymmetry: CRDO 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.
CRDO vs MDLZ: side by side
| CRDO (Credo Technology Group Holding Ltd) | MDLZ (Mondelez International) | |
|---|---|---|
| 1-year return | +95.7% | +4.6% |
| 5-year return | +1962.1% | +14.7% |
| Volatility (ann.) | 84.8% | 20.5% |
| Beta vs S&P 500 | 3.44 | 0.03 |
| Max drawdown (3Y) | -61.1% | -29.0% |
| Market cap | $45.1B | $79.7B |
| P/E (trailing) | 90.0 | 22.9 |
| Dividend yield | 0.00% | 3.17% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CRDO | MDLZ |
|---|---|---|
| 2022 | – | +2.9% |
| 2023 | +46.3% | +11.2% |
| 2024 | +245.2% | -15.3% |
| 2025 | +114.1% | -7.0% |
| 2026 | +67.0% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDO and MDLZ good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRDO and MDLZ?
The CRDO/MDLZ correlation stands at -0.25 on a 3-year window (1 year: -0.18, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is MDLZ a good diversifier for CRDO?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crdo-vs-mdlz.json
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[](https://www.pairbook.io/pair/crdo-vs-mdlz/)
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Related comparisons
Hubs: CRDO correlations · MDLZ correlations
