NOMD vs WMK: Correlation
Nomad Foods Limited (NOMD) and Weis Markets, Inc. (WMK) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOMD and WMK?
Over the past 3 years, NOMD and WMK moved with a correlation of 0.41, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.41). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 300.4 %².
Within NOMD's tracked universe of 14 assets, WMK comes in at #5 by 3-year correlation. The last year tells two different stories: WMK led by 15.3 percentage points, -18.2% for NOMD against -2.9% for WMK.
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.
NOMD vs WMK: side by side
| NOMD (Nomad Foods Limited) | WMK (Weis Markets, Inc.) | |
|---|---|---|
| 1-year return | -18.2% | -2.9% |
| 5-year return | -48.6% | +36.2% |
| Volatility (ann.) | 27.7% | 26.2% |
| Beta vs S&P 500 | 0.16 | 0.07 |
| Max drawdown (3Y) | -52.8% | -29.4% |
| Market cap | – | – |
| P/E (trailing) | 12.0 | 17.6 |
| Dividend yield | 4.83% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NOMD | WMK |
|---|---|---|
| 2022 | -32.1% | +27.1% |
| 2023 | -1.7% | -20.8% |
| 2024 | +2.4% | +8.0% |
| 2025 | -22.1% | -3.6% |
| 2026 | +0.4% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOMD and WMK good diversifiers for each other?
Reasonably. At 0.41, NOMD and WMK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NOMD and WMK?
The NOMD/WMK correlation stands at 0.41 on a 3-year window (1 year: 0.52, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is WMK a good diversifier for NOMD?
Reasonably. At 0.41, NOMD and WMK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/nomd-vs-wmk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nomd-vs-wmk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NOMD correlations · WMK correlations
