MDLZ vs QQQ: Correlation
Measured on weekly returns over the past three years, Mondelez International (MDLZ) and Invesco QQQ Trust (QQQ) carry a correlation of -0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDLZ and QQQ?
On 3 years of weekly data the MDLZ/QQQ correlation comes out at -0.06, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. The 5-year figure is 0.14, and annualized covariance runs at -25.1 %².
Among the 40 assets we track against MDLZ, QQQ ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 21.7 percentage points (+4.6% for MDLZ against +26.3% for QQQ). Across three years, the rolling one-year figure varied moderately, from -0.19 to 0.29.
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 QQQ: side by side
| MDLZ (Mondelez International) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.6% | +26.3% |
| 5-year return | +14.7% | +95.4% |
| Volatility (ann.) | 20.5% | 19.6% |
| Beta vs S&P 500 | 0.03 | 1.28 |
| Max drawdown (3Y) | -29.0% | -22.8% |
| Market cap | $79.7B | – |
| P/E (trailing) | 22.9 | – |
| Dividend yield | 3.17% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | MDLZ | QQQ |
|---|---|---|
| 2022 | +2.9% | -32.6% |
| 2023 | +11.2% | +54.9% |
| 2024 | -15.3% | +25.6% |
| 2025 | -7.0% | +20.8% |
| 2026 | +18.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
MDLZ represents 0.36% of QQQ's portfolio, so part of any move in QQQ is MDLZ itself, and the correlation between them is partly mechanical.
Are MDLZ and QQQ good diversifiers for each other?
Yes: at -0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MDLZ and QQQ?
The MDLZ/QQQ correlation stands at -0.06 on a 3-year window (1 year: -0.14, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MDLZ?
Yes: at -0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.06 mean?
On the −1 to +1 scale, -0.06 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/mdlz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mdlz-vs-qqq/)
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Related comparisons
Hubs: MDLZ correlations · QQQ correlations
