HOOD vs MDLZ: Correlation
How closely do Robinhood Markets (HOOD) and Mondelez International (MDLZ) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOOD and MDLZ?
Across a 3-year window, the weekly returns of HOOD and MDLZ correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.29) runs below the 3-year figure (-0.16). Stretching to 5 years gives -0.04, with an annualized covariance of -239.0 %².
By 3-year correlation, MDLZ places #30 of the 39 assets tracked against HOOD. Twelve-month performance is nearly a tie, at +6.6% for HOOD and +4.6% for MDLZ. On a rolling one-year basis the correlation drifted between -0.30 and 0.08, a moderate band. Risk is not evenly split, since HOOD carries 3.5 times the volatility of the other side.
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.
HOOD vs MDLZ: side by side
| HOOD (Robinhood Markets) | MDLZ (Mondelez International) | |
|---|---|---|
| 1-year return | +6.6% | +4.6% |
| 5-year return | +151.5% | +14.7% |
| Volatility (ann.) | 71.4% | 20.5% |
| Beta vs S&P 500 | 2.88 | 0.03 |
| Max drawdown (3Y) | -57.3% | -29.0% |
| Market cap | $98.7B | $79.7B |
| P/E (trailing) | 48.1 | 22.9 |
| Dividend yield | 0.00% | 3.17% |
| Sector / category | Financials | Consumer Staples |
Year-by-year returns
| Year | HOOD | MDLZ |
|---|---|---|
| 2022 | -54.2% | +2.9% |
| 2023 | +56.5% | +11.2% |
| 2024 | +192.5% | -15.3% |
| 2025 | +203.5% | -7.0% |
| 2026 | -3.0% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOOD and MDLZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between HOOD and MDLZ?
The HOOD/MDLZ correlation stands at -0.16 on a 3-year window (1 year: -0.29, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is MDLZ a good diversifier for HOOD?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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/hood-vs-mdlz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hood-vs-mdlz/)
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Related comparisons
Hubs: HOOD correlations · MDLZ correlations
