KHC vs MKC: Correlation
How closely do Kraft Heinz (KHC) and McCormick & Company (MKC) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KHC and MKC?
Over the past 3 years, KHC and MKC moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 280.5 %².
Among the 36 assets we track against KHC, MKC ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KHC ahead by 16.4 points (-3.9% versus -20.3%). The rolling one-year correlation moved between 0.36 and 0.70 over the past three years, a moderate range.
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.
KHC vs MKC: side by side
| KHC (Kraft Heinz) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | -3.9% | -20.3% |
| 5-year return | -10.9% | -28.5% |
| Volatility (ann.) | 21.7% | 26.5% |
| Beta vs S&P 500 | 0.12 | 0.24 |
| Max drawdown (3Y) | -38.7% | -44.3% |
| Market cap | $29.8B | $14.7B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 6.45% | 3.38% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KHC | MKC |
|---|---|---|
| 2022 | +18.2% | -12.7% |
| 2023 | -5.0% | -15.7% |
| 2024 | -13.0% | +14.0% |
| 2025 | -16.3% | -8.3% |
| 2026 | +7.3% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KHC and MKC good diversifiers for each other?
Reasonably. At 0.49, KHC and MKC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KHC and MKC?
The KHC/MKC correlation stands at 0.49 on a 3-year window (1 year: 0.44, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is MKC a good diversifier for KHC?
Reasonably. At 0.49, KHC and MKC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/khc-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/khc-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KHC correlations · MKC correlations
