MDLZ vs NNN: Correlation
Mondelez International (MDLZ) and NNN REIT, Inc. (NNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDLZ and NNN?
On 3 years of weekly data the MDLZ/NNN correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 171.1 %².
Among the 40 assets we track against MDLZ, NNN ranks #13 by 3-year correlation. The trailing year gives NNN the advantage: +4.6% versus +13.1%, a 8.5-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 NNN: side by side
| MDLZ (Mondelez International) | NNN (NNN REIT, Inc.) | |
|---|---|---|
| 1-year return | +4.6% | +13.1% |
| 5-year return | +14.7% | +25.1% |
| Volatility (ann.) | 20.5% | 18.8% |
| Beta vs S&P 500 | 0.03 | 0.31 |
| Max drawdown (3Y) | -29.0% | -22.0% |
| Market cap | $79.7B | $8.6B |
| P/E (trailing) | 22.9 | 22.3 |
| Dividend yield | 3.17% | 5.26% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MDLZ | NNN |
|---|---|---|
| 2022 | +2.9% | -0.0% |
| 2023 | +11.2% | -0.6% |
| 2024 | -15.3% | -0.1% |
| 2025 | -7.0% | +2.8% |
| 2026 | +18.0% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDLZ and NNN good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MDLZ and NNN?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.41 over the last year and 0.46 over 5 years.
Is NNN a good diversifier for MDLZ?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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-nnn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdlz-vs-nnn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDLZ correlations · NNN correlations
