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MDLZ vs. CSPX.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MDLZ vs. CSPX.AS

Last updated Jun 13, 2026

MDLZ (Mondelez International, Inc.) is a stock, while CSPX.AS (iShares Core S&P 500 UCITS ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MDLZ returned 6.09%/yr vs 15.23%/yr for CSPX.AS. At a 0.25 correlation, their price movements are largely independent.

Performance

MDLZ vs. CSPX.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mondelez International, Inc. (MDLZ) and iShares Core S&P 500 UCITS ETF (CSPX.AS). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MDLZ is traded in USD, while CSPX.AS is traded in EUR. To make them comparable, the CSPX.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MDLZ achieves a 18.03% return, which is significantly higher than CSPX.AS's 8.32% return. Over the past 10 years, MDLZ has underperformed CSPX.AS with an annualized return of 6.09%, while CSPX.AS has yielded a comparatively higher 15.23% annualized return.

MDLZ

1D
-0.58%
1M
4.22%
YTD
18.03%
6M
18.65%
1Y
-2.75%
3Y*
-1.98%
5Y*
2.36%
10Y*
6.09%

CSPX.AS

1D
1.44%
1M
0.06%
YTD
8.32%
6M
9.47%
1Y
24.93%
3Y*
20.69%
5Y*
13.19%
10Y*
15.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MDLZ vs. CSPX.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MDLZ
Mondelez International, Inc.		18.03%-7.03%-15.30%11.17%2.92%15.87%8.58%40.42%-4.27%-1.58%
CSPX.AS
iShares Core S&P 500 UCITS ETF		8.32%17.97%25.59%26.14%-19.39%30.70%17.25%30.40%-5.01%22.28%

Correlation

The correlation between MDLZ and CSPX.AS is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.03

Correlation (3Y)
Calculated over the trailing 3-year period

-0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.13

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since May 19, 2010

0.25

The correlation between MDLZ and CSPX.AS shifts across timeframes, from -0.03 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

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Mondelez International, Inc.

iShares Core S&P 500 UCITS ETF

Often compared with MDLZ:
MDLZ vs. PEPMDLZ vs. HSYMDLZ vs. KHCMDLZ vs. GISMDLZ vs. CAGMDLZ vs. KMDLZ vs. TSN
Often compared with CSPX.AS:
CSPX.AS vs. CSPX.LCSPX.AS vs. VUSA.LCSPX.AS vs. VOOCSPX.AS vs. SPYCSPX.AS vs. CNDX.ASCSPX.AS vs. VUSD.LCSPX.AS vs. SPYL.DE

Return for Risk

MDLZ vs. CSPX.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MDLZ
MDLZ Risk / Return Rank: 3333
Overall Rank
MDLZ Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
MDLZ Sortino Ratio Rank: 2929
Sortino Ratio Rank
MDLZ Omega Ratio Rank: 2929
Omega Ratio Rank
MDLZ Calmar Ratio Rank: 3838
Calmar Ratio Rank
MDLZ Martin Ratio Rank: 3737
Martin Ratio Rank
CSPX.AS
CSPX.AS Risk / Return Rank: 7575
Overall Rank
CSPX.AS Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
CSPX.AS Sortino Ratio Rank: 7474
Sortino Ratio Rank
CSPX.AS Omega Ratio Rank: 7777
Omega Ratio Rank
CSPX.AS Calmar Ratio Rank: 7676
Calmar Ratio Rank
CSPX.AS Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDLZ vs. CSPX.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mondelez International, Inc. (MDLZ) and iShares Core S&P 500 UCITS ETF (CSPX.AS). 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.

MDLZCSPX.ASDifference
Sharpe ratioReturn per unit of total volatility
-0.20
2.08

-2.28

Sortino ratioReturn per unit of downside risk
-0.13
2.98

-3.11

Omega ratioGain probability vs. loss probability

0.98

1.36

-0.38

Calmar ratioReturn relative to maximum drawdown

-0.17

2.80

-2.98

Martin ratioReturn relative to average drawdown

-0.30

11.63

-11.93

MDLZ vs. CSPX.AS - Sharpe Ratio Comparison

The current MDLZ Sharpe Ratio is -0.20, which is lower than the CSPX.AS Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of MDLZ and CSPX.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MDLZ vs. CSPX.AS - Drawdown Comparison

The maximum MDLZ drawdown since its inception was -42.52%, which is greater than CSPX.AS's maximum drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for MDLZ and CSPX.AS.

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Drawdown Indicators

MDLZCSPX.ASDifference

Max Drawdown

Largest peak-to-trough decline

-42.52%

-34.12%

-8.40%

Max Drawdown (1Y)

Largest decline over 1 year

-25.93%

-8.56%

-17.37%

Max Drawdown (3Y)

Largest decline over 3 years

-29.00%

-19.52%

-9.48%

Max Drawdown (5Y)

Largest decline over 5 years

-29.14%

-24.42%

-4.72%

Max Drawdown (10Y)

Largest decline over 10 years

-29.74%

-34.12%

+4.38%

Current Drawdown

Current decline from peak

-12.59%

-2.30%

-10.29%

Average Drawdown

Average peak-to-trough decline

-11.03%

-3.71%

-7.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.70%

2.07%

+12.63%

Volatility

MDLZ vs. CSPX.AS - Volatility Comparison

Mondelez International, Inc. (MDLZ) has a higher volatility of 5.46% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 3.33%. This indicates that MDLZ's price experiences larger fluctuations and is considered to be riskier than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MDLZCSPX.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.46%

3.33%

+2.13%

Volatility (6M)

Calculated over the trailing 6-month period

16.28%

8.33%

+7.95%

Volatility (1Y)

Calculated over the trailing 1-year period

22.26%

11.57%

+10.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.52%

15.88%

+3.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.03%

16.31%

+4.72%

Dividends

MDLZ vs. CSPX.AS - Dividend Comparison

MDLZ's dividend yield for the trailing twelve months is around 3.13%, while CSPX.AS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CSPX.AS
iShares Core S&P 500 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MDLZ
Mondelez International, Inc.		3.13%3.60%3.00%2.24%2.21%2.01%2.05%1.98%2.40%1.92%1.62%1.43%

Frequently Asked Questions

MDLZ and CSPX.AS have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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