MDLZ vs REPL: Correlation
Mondelez International (MDLZ) and Replimune Group, Inc. (REPL) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDLZ and REPL?
On 3 years of weekly data the MDLZ/REPL correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -650.2 %².
Among the 40 assets we track against MDLZ, REPL ranks #32 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months REPL outperformed by 177.5 percentage points (+4.6% for MDLZ against +182.1% for REPL). One caveat on sizing: REPL is 7.5 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 REPL: side by side
| MDLZ (Mondelez International) | REPL (Replimune Group, Inc.) | |
|---|---|---|
| 1-year return | +4.6% | +182.1% |
| 5-year return | +14.7% | -50.4% |
| Volatility (ann.) | 20.5% | 153.7% |
| Beta vs S&P 500 | 0.03 | 0.48 |
| Max drawdown (3Y) | -29.0% | -92.0% |
| Market cap | $79.7B | $1.5B |
| P/E (trailing) | 22.9 | – |
| Dividend yield | 3.17% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MDLZ | REPL |
|---|---|---|
| 2022 | +2.9% | +0.4% |
| 2023 | +11.2% | -69.0% |
| 2024 | -15.3% | +43.7% |
| 2025 | -7.0% | -19.7% |
| 2026 | +18.0% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDLZ and REPL good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MDLZ and REPL?
As of 2026-08-27, the correlation of weekly returns between MDLZ and REPL is -0.21 over 3 years, -0.17 over 1 year and -0.14 over 5 years.
Is REPL a good diversifier for MDLZ?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: MDLZ correlations · REPL correlations
