MCD vs MDT: Correlation
Measured on weekly returns over the past three years, McDonald's (MCD) and Medtronic (MDT) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCD and MDT?
Across a 3-year window, the weekly returns of MCD and MDT correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 156.7 %².
Among the 34 assets we track against MCD, MDT ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MDT outperformed by 15.4 percentage points (-14.5% for MCD against +0.9% for MDT). On a rolling one-year basis the correlation drifted between 0.23 and 0.63, a moderate band.
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.
MCD vs MDT: side by side
| MCD (McDonald's) | MDT (Medtronic) | |
|---|---|---|
| 1-year return | -14.5% | +0.9% |
| 5-year return | +23.3% | -21.4% |
| Volatility (ann.) | 17.8% | 21.0% |
| Beta vs S&P 500 | 0.30 | 0.37 |
| Max drawdown (3Y) | -22.8% | -28.9% |
| Market cap | $184.0B | $115.2B |
| P/E (trailing) | 21.7 | 24.1 |
| Dividend yield | 2.75% | 3.09% |
| Sector / category | Consumer Discretionary | Health Care |
Year-by-year returns
| Year | MCD | MDT |
|---|---|---|
| 2022 | +0.5% | -22.6% |
| 2023 | +15.1% | +9.6% |
| 2024 | +0.1% | +0.3% |
| 2025 | +7.9% | +24.0% |
| 2026 | -13.9% | -4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCD and MDT good diversifiers for each other?
Reasonably. At 0.42, MCD and MDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MCD and MDT?
As of 2026-08-27, the correlation of weekly returns between MCD and MDT is 0.42 over 3 years, 0.41 over 1 year and 0.43 over 5 years.
Is MDT a good diversifier for MCD?
Reasonably. At 0.42, MCD and MDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/mcd-vs-mdt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcd-vs-mdt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCD correlations · MDT correlations
