HSY vs. MCD
HSY (The Hershey Company) and MCD (McDonald's Corporation) are both stocks. HSY operates in Confectioners (Consumer Defensive), while MCD operates in Restaurants (Consumer Cyclical). Over the past 10 years, HSY returned 7.09%/yr vs 11.33%/yr for MCD. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
HSY vs. MCD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HSY achieves a -2.43% return, which is significantly higher than MCD's -10.35% return. Over the past 10 years, HSY has underperformed MCD with an annualized return of 7.09%, while MCD has yielded a comparatively higher 11.33% annualized return.
HSY
- 1D
- -1.23%
- 1M
- -3.89%
- 6M
- -8.83%
- YTD
- -2.43%
- 1Y
- -4.61%
- 3Y*
- -6.10%
- 5Y*
- 2.05%
- 10Y*
- 7.09%
- ALL TIME*
- 12.05%
MCD
- 1D
- 0.82%
- 1M
- -3.56%
- 6M
- -13.02%
- YTD
- -10.35%
- 1Y
- -8.48%
- 3Y*
- -0.07%
- 5Y*
- 4.58%
- 10Y*
- 11.33%
- ALL TIME*
- 13.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $334.98M | $334.20M | $373.33M | |
| $1.15B | $1.22B | $1.26B |
HSY vs. MCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | -2.43% | 10.98% | -6.51% | -17.88% | 21.86% | 29.58% | 5.90% | 40.20% | -2.92% | 12.33% |
MCD McDonald's Corporation | -10.35% | 7.89% | 0.14% | 15.06% | 0.51% | 27.79% | 11.30% | 13.97% | 5.78% | 45.05% |
Correlation
The correlation between HSY and MCD is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.32 |
The correlation between HSY and MCD shifts across timeframes, from 0.32 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HSY:
$35.51B
MCD:
$192.29B
HSY:
$7.31
MCD:
$12.14
HSY:
23.96
MCD:
22.28
HSY:
2.93
MCD:
7.05
HSY:
$12.16B
MCD:
$27.45B
HSY:
$4.64B
MCD:
$12.10B
HSY:
$2.61B
MCD:
$14.46B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSY vs. MCD — Risk / Return Rank
HSY
MCD
HSY vs. MCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hershey Company (HSY) and McDonald's Corporation (MCD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HSY | MCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.94 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.35 | +0.23 |
| Martin ratioReturn relative to average drawdown | -0.23 | -0.75 | +0.51 |
Loading charts...
Drawdowns
HSY vs. MCD - Drawdown Comparison
The maximum HSY drawdown since its inception was -49.15%, smaller than the maximum MCD drawdown of -73.20%. Use the drawdown chart below to compare losses from any high point for HSY and MCD.
Loading charts...
Drawdown Indicators
| HSY | MCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -73.20% | +24.05% |
Max Drawdown (1Y)Largest decline over 1 year | -27.38% | -21.99% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -34.77% | -21.99% | -12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -45.25% | -21.99% | -23.26% |
Max Drawdown (10Y)Largest decline over 10 years | -45.25% | -36.90% | -8.35% |
Current DrawdownCurrent decline from peak | -30.64% | -19.66% | -10.98% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -14.90% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.40% | 10.20% | +3.20% |
Volatility
HSY vs. MCD - Volatility Comparison
The Hershey Company (HSY) has a higher volatility of 8.22% compared to McDonald's Corporation (MCD) at 7.26%. This indicates that HSY's price experiences larger fluctuations and is considered to be riskier than MCD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSY | MCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 7.26% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 21.96% | 14.27% | +7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.59% | 18.10% | +9.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.28% | 17.59% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 20.49% | +2.59% |
Dividends
HSY vs. MCD - Dividend Comparison
HSY's dividend yield for the trailing twelve months is around 3.22%, more than MCD's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSY The Hershey Company | 3.22% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
MCD McDonald's Corporation | 2.72% | 2.35% | 2.34% | 2.10% | 2.15% | 1.96% | 2.35% | 2.39% | 2.36% | 2.23% | 2.97% | 2.91% |
Financials
HSY vs. MCD - Financials Comparison
This section allows you to compare key financial metrics between The Hershey Company and McDonald's Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HSY vs. MCD - Profitability Comparison
HSY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Hershey Company reported a gross profit of 1.26B and revenue of 2.79B. Therefore, the gross margin over that period was 45.3%.
MCD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, McDonald's Corporation reported a gross profit of 0.00 and revenue of 6.52B. Therefore, the gross margin over that period was 0.0%.
HSY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Hershey Company reported an operating income of 642.64M and revenue of 2.79B, resulting in an operating margin of 23.1%.
MCD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, McDonald's Corporation reported an operating income of 2.95B and revenue of 6.52B, resulting in an operating margin of 45.3%.
HSY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Hershey Company reported a net income of 457.67M and revenue of 2.79B, resulting in a net margin of 16.4%.
MCD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, McDonald's Corporation reported a net income of 1.98B and revenue of 6.52B, resulting in a net margin of 30.4%.
Frequently Asked Questions
HSY and MCD have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSY has higher volatility (8.22%) compared to MCD (7.26%). In terms of maximum drawdown, HSY dropped -49.15% vs MCD's -73.20%.
HSY currently has the higher Sharpe Ratio (-0.11 vs -0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HSY and MCD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer