MDLZ vs RBRK: Correlation
How closely do Mondelez International (MDLZ) and Rubrik, Inc. (RBRK) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDLZ and RBRK?
Across a 3-year window, the weekly returns of MDLZ and RBRK correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -276.3 %².
By 3-year correlation, RBRK places #31 of the 40 assets tracked against MDLZ. Correlation aside, the last 12 months split them widely, with RBRK ahead by 17.7 points (+4.6% versus +22.3%). One caveat on sizing: RBRK is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RBRK: side by side
| MDLZ (Mondelez International) | RBRK (Rubrik, Inc.) | |
|---|---|---|
| 1-year return | +4.6% | +22.3% |
| 5-year return | +14.7% | n/a |
| Volatility (ann.) | 20.5% | 63.9% |
| Beta vs S&P 500 | 0.03 | 1.92 |
| Max drawdown (3Y) | -29.0% | -56.1% |
| Market cap | $79.7B | $22.0B |
| P/E (trailing) | 22.9 | – |
| Dividend yield | 3.17% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MDLZ | RBRK |
|---|---|---|
| 2022 | +2.9% | – |
| 2023 | +11.2% | – |
| 2024 | -15.3% | – |
| 2025 | -7.0% | +17.0% |
| 2026 | +18.0% | +39.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDLZ and RBRK good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between MDLZ and RBRK?
The MDLZ/RBRK correlation stands at -0.21 on a 3-year window (1 year: -0.16, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RBRK a good diversifier for MDLZ?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-rbrk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdlz-vs-rbrk/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: MDLZ correlations · RBRK correlations
