KVUE vs MDLZ: Correlation
How closely do Kenvue (KVUE) and Mondelez International (MDLZ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and MDLZ?
On 3 years of weekly data the KVUE/MDLZ correlation comes out at 0.32, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.32). The 5-year figure is n/a, and annualized covariance runs at 180.1 %².
Within KVUE's tracked universe of 34 assets, MDLZ comes in at #19 by 3-year correlation. The trailing year gives MDLZ the advantage: -3.0% versus +4.6%, a 7.6-point spread. The rolling one-year correlation moved between 0.21 and 0.51 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.
KVUE vs MDLZ: side by side
| KVUE (Kenvue) | MDLZ (Mondelez International) | |
|---|---|---|
| 1-year return | -3.0% | +4.6% |
| 5-year return | n/a | +14.7% |
| Volatility (ann.) | 27.3% | 20.5% |
| Beta vs S&P 500 | 0.16 | 0.03 |
| Max drawdown (3Y) | -41.2% | -29.0% |
| Market cap | $36.9B | $79.7B |
| P/E (trailing) | 22.6 | 22.9 |
| Dividend yield | 4.32% | 3.17% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KVUE | MDLZ |
|---|---|---|
| 2022 | – | +2.9% |
| 2023 | – | +11.2% |
| 2024 | +3.1% | -15.3% |
| 2025 | -15.9% | -7.0% |
| 2026 | +15.2% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and MDLZ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KVUE and MDLZ?
The KVUE/MDLZ correlation stands at 0.32 on a 3-year window (1 year: 0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MDLZ a good diversifier for KVUE?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kvue-vs-mdlz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kvue-vs-mdlz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KVUE correlations · MDLZ correlations
