MDLZ vs TSN: Correlation
Mondelez International (MDLZ) and Tyson Foods (TSN) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDLZ and TSN?
On 3 years of weekly data the MDLZ/TSN correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.39 over 3. The 5-year figure is 0.39, and annualized covariance runs at 181.6 %².
Within MDLZ's tracked universe of 40 assets, TSN comes in at #20 by 3-year correlation. Neither side won the trailing year by much: +4.6% against -0.3%. The rolling one-year correlation moved between 0.21 and 0.55 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 TSN: side by side
| MDLZ (Mondelez International) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | +4.6% | -0.3% |
| 5-year return | +14.7% | -17.3% |
| Volatility (ann.) | 20.5% | 22.8% |
| Beta vs S&P 500 | 0.03 | 0.19 |
| Max drawdown (3Y) | -29.0% | -20.3% |
| Market cap | $79.7B | $19.5B |
| P/E (trailing) | 22.9 | 35.0 |
| Dividend yield | 3.17% | 0.88% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | MDLZ | TSN |
|---|---|---|
| 2022 | +2.9% | -26.9% |
| 2023 | +11.2% | -10.4% |
| 2024 | -15.3% | +10.5% |
| 2025 | -7.0% | +5.7% |
| 2026 | +18.0% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDLZ and TSN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MDLZ and TSN?
As of 2026-08-27, the correlation of weekly returns between MDLZ and TSN is 0.39 over 3 years, 0.32 over 1 year and 0.39 over 5 years.
Is TSN a good diversifier for MDLZ?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdlz-vs-tsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MDLZ correlations · TSN correlations
