KVUE vs NOMD: Correlation
Kenvue (KVUE) and Nomad Foods Limited (NOMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and NOMD?
Across a 3-year window, the weekly returns of KVUE and NOMD correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 279.7 %².
By 3-year correlation, NOMD places #13 of the 34 assets tracked against KVUE. Correlation aside, the last 12 months split them widely, with KVUE ahead by 15.2 points (-3.0% versus -18.2%).
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 NOMD: side by side
| KVUE (Kenvue) | NOMD (Nomad Foods Limited) | |
|---|---|---|
| 1-year return | -3.0% | -18.2% |
| 5-year return | n/a | -48.6% |
| Volatility (ann.) | 27.3% | 27.7% |
| Beta vs S&P 500 | 0.16 | 0.16 |
| Max drawdown (3Y) | -41.2% | -52.8% |
| Market cap | $36.9B | – |
| P/E (trailing) | 22.6 | 12.0 |
| Dividend yield | 4.32% | 4.83% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KVUE | NOMD |
|---|---|---|
| 2022 | – | -32.1% |
| 2023 | – | -1.7% |
| 2024 | +3.1% | +2.4% |
| 2025 | -15.9% | -22.1% |
| 2026 | +15.2% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and NOMD good diversifiers for each other?
Reasonably. At 0.37, KVUE and NOMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KVUE and NOMD?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.34 over the last year and n/a over 5 years.
Is NOMD a good diversifier for KVUE?
Reasonably. At 0.37, KVUE and NOMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/kvue-vs-nomd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kvue-vs-nomd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KVUE correlations · NOMD correlations
