DOLE vs NOMD: Correlation
Dole plc (DOLE) and Nomad Foods Limited (NOMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOLE and NOMD?
On 3 years of weekly data the DOLE/NOMD correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 274.0 %².
By 3-year correlation, NOMD places #8 of the 13 assets tracked against DOLE. On 12-month performance DOLE holds a 12.7-point edge, -5.5% against -18.2%.
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.
DOLE vs NOMD: side by side
| DOLE (Dole plc) | NOMD (Nomad Foods Limited) | |
|---|---|---|
| 1-year return | -5.5% | -18.2% |
| 5-year return | -3.9% | -48.6% |
| Volatility (ann.) | 24.2% | 27.7% |
| Beta vs S&P 500 | 0.28 | 0.16 |
| Max drawdown (3Y) | -27.7% | -52.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | 18.5 | 12.0 |
| Dividend yield | 2.49% | 4.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOLE | NOMD |
|---|---|---|
| 2022 | -25.3% | -32.1% |
| 2023 | +30.8% | -1.7% |
| 2024 | +12.8% | +2.4% |
| 2025 | +12.0% | -22.1% |
| 2026 | -7.6% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOLE and NOMD good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOLE and NOMD?
The DOLE/NOMD correlation stands at 0.41 on a 3-year window (1 year: 0.42, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is NOMD a good diversifier for DOLE?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/dole-vs-nomd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dole-vs-nomd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOLE correlations · NOMD correlations
