MDLZ vs MKC: Correlation
Mondelez International (MDLZ) and McCormick & Company (MKC) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDLZ and MKC?
Over the past 3 years, MDLZ and MKC moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 247.3 %².
Among the 40 assets we track against MDLZ, MKC ranks #12 by 3-year correlation. The last year tells two different stories: MDLZ led by 24.9 percentage points, +4.6% for MDLZ against -20.3% for MKC. The rolling one-year correlation moved between 0.24 and 0.64 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.
MDLZ vs MKC: side by side
| MDLZ (Mondelez International) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | +4.6% | -20.3% |
| 5-year return | +14.7% | -28.5% |
| Volatility (ann.) | 20.5% | 26.5% |
| Beta vs S&P 500 | 0.03 | 0.24 |
| Max drawdown (3Y) | -29.0% | -44.3% |
| Market cap | $79.7B | $14.7B |
| P/E (trailing) | 22.9 | 9.2 |
| Dividend yield | 3.17% | 3.38% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | MDLZ | MKC |
|---|---|---|
| 2022 | +2.9% | -12.7% |
| 2023 | +11.2% | -15.7% |
| 2024 | -15.3% | +14.0% |
| 2025 | -7.0% | -8.3% |
| 2026 | +18.0% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDLZ and MKC good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MDLZ and MKC?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.41 over the last year and 0.50 over 5 years.
Is MKC a good diversifier for MDLZ?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/mdlz-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdlz-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDLZ correlations · MKC correlations
