HSY vs. MDLZ
HSY (The Hershey Company) and MDLZ (Mondelez International, Inc.) are both stocks. Both operate in the Confectioners industry within the Consumer Defensive sector. Over the past 10 years, HSY returned 7.09%/yr vs 6.26%/yr for MDLZ. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
HSY vs. MDLZ - Performance Comparison
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Returns By Period
In the year-to-date period, HSY achieves a -2.43% return, which is significantly lower than MDLZ's 17.73% return. Over the past 10 years, HSY has outperformed MDLZ with an annualized return of 7.09%, while MDLZ has yielded a comparatively lower 6.26% 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%
MDLZ
- 1D
- -1.22%
- 1M
- 2.30%
- 6M
- 8.39%
- YTD
- 17.73%
- 1Y
- 0.85%
- 3Y*
- -2.95%
- 5Y*
- 2.38%
- 10Y*
- 6.26%
- ALL TIME*
- 7.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $334.98M | $334.20M | $373.33M | |
| $659.78M | $585.31M | $549.68M |
HSY vs. MDLZ - 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% |
MDLZ Mondelez International, Inc. | 17.73% | -7.03% | -15.30% | 11.17% | 2.92% | 15.87% | 8.58% | 40.42% | -4.27% | -1.58% |
Correlation
The correlation between HSY and MDLZ is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2001 | 0.50 |
The correlation between HSY and MDLZ shifts across timeframes, from 0.50 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HSY:
$35.51B
MDLZ:
$79.53B
HSY:
$7.31
MDLZ:
$3.62
HSY:
23.96
MDLZ:
17.22
HSY:
2.93
MDLZ:
1.53
HSY:
$12.16B
MDLZ:
$39.68B
HSY:
$4.64B
MDLZ:
$12.36B
HSY:
$2.61B
MDLZ:
$5.73B
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Return for Risk
HSY vs. MDLZ — Risk / Return Rank
HSY
MDLZ
HSY vs. MDLZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hershey Company (HSY) and Mondelez International, Inc. (MDLZ). 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 | MDLZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.02 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.02 | -0.10 |
| Martin ratioReturn relative to average drawdown | -0.23 | -0.04 | -0.19 |
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Drawdowns
HSY vs. MDLZ - Drawdown Comparison
The maximum HSY drawdown since its inception was -49.15%, which is greater than MDLZ's maximum drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for HSY and MDLZ.
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Drawdown Indicators
| HSY | MDLZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -42.52% | -6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -27.38% | -18.62% | -8.76% |
Max Drawdown (3Y)Largest decline over 3 years | -34.15% | -29.00% | -5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -45.25% | -29.14% | -16.11% |
Max Drawdown (10Y)Largest decline over 10 years | -45.25% | -29.74% | -15.51% |
Current DrawdownCurrent decline from peak | -30.64% | -12.81% | -17.83% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -11.06% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.40% | 8.23% | +5.17% |
Volatility
HSY vs. MDLZ - Volatility Comparison
The current volatility for The Hershey Company (HSY) is 8.22%, while Mondelez International, Inc. (MDLZ) has a volatility of 9.83%. This indicates that HSY experiences smaller price fluctuations and is considered to be less risky than MDLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSY | MDLZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 9.83% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 21.96% | 18.40% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.59% | 23.07% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.28% | 20.09% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 21.10% | +1.98% |
Dividends
HSY vs. MDLZ - Dividend Comparison
HSY's dividend yield for the trailing twelve months is around 3.22%, which matches MDLZ's 3.21% 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% |
MDLZ Mondelez International, Inc. | 3.21% | 3.60% | 3.00% | 2.24% | 2.21% | 2.01% | 2.05% | 1.98% | 2.40% | 1.92% | 1.62% | 1.43% |
Financials
HSY vs. MDLZ - Financials Comparison
This section allows you to compare key financial metrics between The Hershey Company and Mondelez International, Inc.. 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. MDLZ - 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%.
MDLZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Mondelez International, Inc. reported a gross profit of 3.99B and revenue of 9.36B. Therefore, the gross margin over that period was 42.6%.
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%.
MDLZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Mondelez International, Inc. reported an operating income of 1.95B and revenue of 9.36B, resulting in an operating margin of 20.8%.
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%.
MDLZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Mondelez International, Inc. reported a net income of 1.55B and revenue of 9.36B, resulting in a net margin of 16.6%.
Frequently Asked Questions
HSY and MDLZ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDLZ has higher volatility (9.83%) compared to HSY (8.22%). In terms of maximum drawdown, HSY dropped -49.15% vs MDLZ's -42.52%.
MDLZ currently has the higher Sharpe Ratio (-0.01 vs -0.11), 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.
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