MDLZ vs PG: Correlation
Measured on weekly returns over the past three years, Mondelez International (MDLZ) and Procter & Gamble (PG) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDLZ and PG?
On 3 years of weekly data the MDLZ/PG correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 149.9 %².
By 3-year correlation, PG places #10 of the 40 assets tracked against MDLZ. On 12-month performance MDLZ holds a 10.7-point edge, +4.6% against -6.1%. The rolling one-year correlation moved between 0.44 and 0.73 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 PG: side by side
| MDLZ (Mondelez International) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +4.6% | -6.1% |
| 5-year return | +14.7% | +13.9% |
| Volatility (ann.) | 20.5% | 15.3% |
| Beta vs S&P 500 | 0.03 | 0.19 |
| Max drawdown (3Y) | -29.0% | -21.2% |
| Market cap | $79.7B | $332.7B |
| P/E (trailing) | 22.9 | 21.9 |
| Dividend yield | 3.17% | 2.94% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | MDLZ | PG |
|---|---|---|
| 2022 | +2.9% | -5.0% |
| 2023 | +11.2% | -0.9% |
| 2024 | -15.3% | +17.3% |
| 2025 | -7.0% | -12.3% |
| 2026 | +18.0% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDLZ and PG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MDLZ and PG?
As of 2026-08-27, the correlation of weekly returns between MDLZ and PG is 0.48 over 3 years, 0.43 over 1 year and 0.59 over 5 years.
Is PG a good diversifier for MDLZ?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MDLZ correlations · PG correlations
