IDCC vs MCD: Correlation
How closely do InterDigital, Inc. (IDCC) and McDonald's (MCD) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDCC and MCD?
Across a 3-year window, the weekly returns of IDCC and MCD correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 285.7 %².
Within IDCC's tracked universe of 11 assets, MCD comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IDCC outperformed by 39.7 percentage points (+25.2% for IDCC against -14.5% for MCD). Risk is not evenly split, since IDCC carries 2.2 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.
IDCC vs MCD: side by side
| IDCC (InterDigital, Inc.) | MCD (McDonald's) | |
|---|---|---|
| 1-year return | +25.2% | -14.5% |
| 5-year return | +406.1% | +23.3% |
| Volatility (ann.) | 38.9% | 17.8% |
| Beta vs S&P 500 | 0.92 | 0.30 |
| Max drawdown (3Y) | -36.5% | -22.8% |
| Market cap | $8.6B | $184.0B |
| P/E (trailing) | 39.4 | 21.7 |
| Dividend yield | 0.81% | 2.75% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | IDCC | MCD |
|---|---|---|
| 2022 | -29.3% | +0.5% |
| 2023 | +123.7% | +15.1% |
| 2024 | +81.1% | +0.1% |
| 2025 | +66.0% | +7.9% |
| 2026 | +5.8% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDCC and MCD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IDCC and MCD?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.49 over the last year and 0.38 over 5 years.
Is MCD a good diversifier for IDCC?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/idcc-vs-mcd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/idcc-vs-mcd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IDCC correlations · MCD correlations
