MDLZ vs VZ: Correlation
Measured on weekly returns over the past three years, Mondelez International (MDLZ) and Verizon (VZ) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDLZ and VZ?
On 3 years of weekly data the MDLZ/VZ correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.38). The 5-year figure is 0.36, and annualized covariance runs at 179.4 %².
Within MDLZ's tracked universe of 40 assets, VZ comes in at #21 by 3-year correlation. Over the last 12 months VZ came out ahead by 14.7 percentage points (+4.6% against +19.3%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.10 and 0.63 over the past three years, so this pair behaves very differently depending on the market environment.
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 VZ: side by side
| MDLZ (Mondelez International) | VZ (Verizon) | |
|---|---|---|
| 1-year return | +4.6% | +19.3% |
| 5-year return | +14.7% | +23.8% |
| Volatility (ann.) | 20.5% | 22.9% |
| Beta vs S&P 500 | 0.03 | 0.15 |
| Max drawdown (3Y) | -29.0% | -17.0% |
| Market cap | $79.7B | $205.4B |
| P/E (trailing) | 22.9 | 12.9 |
| Dividend yield | 3.17% | 5.57% |
| Sector / category | Consumer Staples | Communication Services |
Year-by-year returns
| Year | MDLZ | VZ |
|---|---|---|
| 2022 | +2.9% | -20.0% |
| 2023 | +11.2% | +2.7% |
| 2024 | -15.3% | +13.1% |
| 2025 | -7.0% | +8.9% |
| 2026 | +18.0% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDLZ and VZ good diversifiers for each other?
Reasonably. At 0.38, MDLZ and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MDLZ and VZ?
The MDLZ/VZ correlation stands at 0.38 on a 3-year window (1 year: 0.16, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is VZ a good diversifier for MDLZ?
Reasonably. At 0.38, MDLZ and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Hubs: MDLZ correlations · VZ correlations
