MDLZ vs MEGI: Correlation
Mondelez International (MDLZ) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDLZ and MEGI?
On 3 years of weekly data the MDLZ/MEGI correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 171.0 %².
Within MDLZ's tracked universe of 40 assets, MEGI comes in at #14 by 3-year correlation. The trailing year gives MEGI the advantage: +4.6% versus +14.7%, a 10.1-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.
MDLZ vs MEGI: side by side
| MDLZ (Mondelez International) | MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | |
|---|---|---|
| 1-year return | +4.6% | +14.7% |
| 5-year return | +14.7% | +20.7% |
| Volatility (ann.) | 20.5% | 19.4% |
| Beta vs S&P 500 | 0.03 | 0.49 |
| Max drawdown (3Y) | -29.0% | -17.4% |
| Market cap | $79.7B | $0.8B |
| P/E (trailing) | 22.9 | 4.9 |
| Dividend yield | 3.17% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MDLZ | MEGI |
|---|---|---|
| 2022 | +2.9% | -23.3% |
| 2023 | +11.2% | +5.5% |
| 2024 | -15.3% | +5.2% |
| 2025 | -7.0% | +26.2% |
| 2026 | +18.0% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDLZ and MEGI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MDLZ and MEGI?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.47 over the last year and 0.40 over 5 years.
Is MEGI a good diversifier for MDLZ?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/mdlz-vs-megi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mdlz-vs-megi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDLZ correlations · MEGI correlations
