MDLZ vs. EWJ
MDLZ (Mondelez International, Inc.) is a stock, while EWJ (iShares MSCI Japan ETF) is Japan Equities fund tracking the MSCI Japan Index. Over the past 10 years, MDLZ returned 6.09%/yr vs 9.55%/yr for EWJ. At a 0.31 correlation, their price movements are largely independent.
Performance
MDLZ vs. EWJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDLZ achieves a 18.03% return, which is significantly higher than EWJ's 14.83% return. Over the past 10 years, MDLZ has underperformed EWJ with an annualized return of 6.09%, while EWJ has yielded a comparatively higher 9.55% 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%
EWJ
- 1D
- 0.57%
- 1M
- 0.71%
- YTD
- 14.83%
- 6M
- 14.50%
- 1Y
- 31.74%
- 3Y*
- 16.57%
- 5Y*
- 8.56%
- 10Y*
- 9.55%
MDLZ vs. EWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDLZ Mondelez International, Inc. | 18.03% | -7.03% | -15.30% | 11.17% | 2.92% | 15.87% | 8.58% | 40.42% | -4.27% | -1.58% |
EWJ iShares MSCI Japan ETF | 14.83% | 25.84% | 7.03% | 20.29% | -17.72% | 1.16% | 15.40% | 19.34% | -14.10% | 24.27% |
Correlation
The correlation between MDLZ and EWJ is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2001 | 0.31 |
Over the past year, the correlation between MDLZ and EWJ has dropped to 0.07 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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
MDLZ vs. EWJ — Risk / Return Rank
MDLZ
EWJ
MDLZ vs. EWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mondelez International, Inc. (MDLZ) and iShares MSCI Japan ETF (EWJ). 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.
| MDLZ | EWJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.28 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.27 | -2.44 |
| Martin ratioReturn relative to average drawdown | -0.30 | 7.62 | -7.92 |
Loading charts...
Drawdowns
MDLZ vs. EWJ - Drawdown Comparison
The maximum MDLZ drawdown since its inception was -42.52%, smaller than the maximum EWJ drawdown of -60.93%. Use the drawdown chart below to compare losses from any high point for MDLZ and EWJ.
Loading charts...
Drawdown Indicators
| MDLZ | EWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.52% | -60.93% | +18.41% |
Max Drawdown (1Y)Largest decline over 1 year | -25.93% | -13.59% | -12.34% |
Max Drawdown (3Y)Largest decline over 3 years | -29.00% | -14.68% | -14.32% |
Max Drawdown (5Y)Largest decline over 5 years | -29.14% | -33.14% | +4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -29.74% | -33.14% | +3.40% |
Current DrawdownCurrent decline from peak | -12.59% | -1.51% | -11.08% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -21.72% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.70% | 4.04% | +10.66% |
Volatility
MDLZ vs. EWJ - Volatility Comparison
The current volatility for Mondelez International, Inc. (MDLZ) is 5.46%, while iShares MSCI Japan ETF (EWJ) has a volatility of 6.31%. This indicates that MDLZ experiences smaller price fluctuations and is considered to be less risky than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MDLZ | EWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 6.31% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 15.96% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.26% | 20.23% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 18.38% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 17.33% | +3.70% |
Dividends
MDLZ vs. EWJ - Dividend Comparison
MDLZ's dividend yield for the trailing twelve months is around 3.13%, less than EWJ's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJ iShares MSCI Japan ETF | 3.94% | 4.52% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% |
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 EWJ have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWJ has higher volatility (6.31%) compared to MDLZ (5.46%). In terms of maximum drawdown, MDLZ dropped -42.52% vs EWJ's -60.93%.
EWJ currently has the higher Sharpe Ratio (1.52 vs -0.20), 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 MDLZ and EWJ
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