KHC vs NOMD: Correlation
Measured on weekly returns over the past three years, Kraft Heinz (KHC) and Nomad Foods Limited (NOMD) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KHC and NOMD?
On 3 years of weekly data the KHC/NOMD correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.45). The 5-year figure is 0.36, and annualized covariance runs at 269.8 %².
By 3-year correlation, NOMD places #16 of the 36 assets tracked against KHC. The trailing year gives KHC the advantage: -3.9% versus -18.2%, a 14.3-point spread.
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 NOMD: side by side
| KHC (Kraft Heinz) | NOMD (Nomad Foods Limited) | |
|---|---|---|
| 1-year return | -3.9% | -18.2% |
| 5-year return | -10.9% | -48.6% |
| Volatility (ann.) | 21.7% | 27.7% |
| Beta vs S&P 500 | 0.12 | 0.16 |
| Max drawdown (3Y) | -38.7% | -52.8% |
| Market cap | $29.8B | – |
| P/E (trailing) | – | 12.0 |
| Dividend yield | 6.45% | 4.83% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KHC | NOMD |
|---|---|---|
| 2022 | +18.2% | -32.1% |
| 2023 | -5.0% | -1.7% |
| 2024 | -13.0% | +2.4% |
| 2025 | -16.3% | -22.1% |
| 2026 | +7.3% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KHC and NOMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KHC and NOMD?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.32 over the last year and 0.36 over 5 years.
Is NOMD a good diversifier for KHC?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/khc-vs-nomd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/khc-vs-nomd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KHC correlations · NOMD correlations
