GIS vs MDLZ: Correlation
How closely do General Mills (GIS) and Mondelez International (MDLZ) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and MDLZ?
On 3 years of weekly data the GIS/MDLZ correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.51 over 3. The 5-year figure is 0.54, and annualized covariance runs at 215.4 %².
Among the 38 assets we track against GIS, MDLZ ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MDLZ ahead by 17.4 points (-12.8% versus +4.6%). On a rolling one-year basis the correlation drifted between 0.41 and 0.74, 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.
GIS vs MDLZ: side by side
| GIS (General Mills) | MDLZ (Mondelez International) | |
|---|---|---|
| 1-year return | -12.8% | +4.6% |
| 5-year return | -14.6% | +14.7% |
| Volatility (ann.) | 20.6% | 20.5% |
| Beta vs S&P 500 | -0.05 | 0.03 |
| Max drawdown (3Y) | -53.4% | -29.0% |
| Market cap | $21.6B | $79.7B |
| P/E (trailing) | – | 22.9 |
| Dividend yield | 6.09% | 3.17% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | GIS | MDLZ |
|---|---|---|
| 2022 | +28.1% | +2.9% |
| 2023 | -20.0% | +11.2% |
| 2024 | +1.4% | -15.3% |
| 2025 | -23.7% | -7.0% |
| 2026 | -8.8% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and MDLZ good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GIS and MDLZ?
The GIS/MDLZ correlation stands at 0.51 on a 3-year window (1 year: 0.44, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is MDLZ a good diversifier for GIS?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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/gis-vs-mdlz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gis-vs-mdlz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GIS correlations · MDLZ correlations
