MDLZ vs. K

Last updated Jun 23, 2026

MDLZ (Mondelez International, Inc.) and K (Kellogg Company) are both stocks. Both are in the Consumer Defensive sector — MDLZ in Confectioners, K in Packaged Foods. At a 0.48 correlation, their price movements are largely independent.

Performance

MDLZ vs. K - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mondelez International, Inc. (MDLZ) and Kellogg Company (K). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MDLZ

• 1D: -1.01%
• 1M: -3.64%
• YTD: 11.51%
• 6M: 11.54%
• 1Y: -9.98%
• 3Y*: -3.98%
• 5Y*: 1.67%
• 10Y*: 5.92%

K

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDLZ vs. K - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDLZ Mondelez International, Inc.	11.51%	-7.03%	-15.30%	11.17%	2.92%	15.87%	8.58%	40.42%	-4.27%	-1.58%
K Kellogg Company	0.00%	5.99%	49.75%	-7.44%	14.35%	7.44%	-6.78%	26.08%	-13.32%	-4.93%

Correlation

The correlation between MDLZ and K is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 13, 2001	0.48

Over the past year, the correlation between MDLZ and K has dropped to 0.27 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Fundamentals

EPS MDLZ : $2.68 K : $3.65
PE Ratio MDLZ : 22.21 K : 22.87
PS Ratio MDLZ : 1.47 K : 2.30
Total Revenue (TTM) MDLZ : $39.30B K : $12.67B
Gross Profit (TTM) MDLZ : $11.31B K : $4.41B
EBITDA (TTM) MDLZ : $4.67B K : $2.25B

Return for Risk

MDLZ vs. K — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDLZ

MDLZ Risk / Return Rank: 24
MDLZ Sharpe Ratio Rank: 22
MDLZ Sortino Ratio Rank: 20
MDLZ Omega Ratio Rank: 21
MDLZ Calmar Ratio Rank: 29
MDLZ Martin Ratio Rank: 29

K

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. K - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mondelez International, Inc. (MDLZ) and Kellogg Company (K). 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	K	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	—	—
Sortino ratio: Return per unit of downside risk	-0.50	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.39	—	—
Martin ratio: Return relative to average drawdown	-0.68	—	—

Drawdowns

Drawdown Indicators

	MDLZ	K	Difference
Max Drawdown Largest peak-to-trough decline	-42.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-25.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.74%	—	—
Current Drawdown Current decline from peak	-17.42%	—	—
Average Drawdown Average peak-to-trough decline	-11.04%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	14.79%	—	—

Volatility

Volatility by Period

	MDLZ	K	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.22%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.57%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.07%	—	—

Dividends

MDLZ vs. K - Dividend Comparison

MDLZ's dividend yield for the trailing twelve months is around 3.31%, while K has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
K Kellogg Company	1.39%	2.76%	2.79%	10.56%	3.28%	3.59%	3.66%	3.27%	3.86%	3.12%	2.77%	2.74%
MDLZ Mondelez International, Inc.	3.31%	3.60%	3.00%	2.24%	2.21%	2.01%	2.05%	1.98%	2.40%	1.92%	1.62%	1.43%

Financials

MDLZ vs. K - Profitability Comparison

The chart below illustrates the profitability comparison between Mondelez International, Inc. and Kellogg Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MDLZ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mondelez International, Inc. reported a gross profit of 2.80B and revenue of 10.08B. Therefore, the gross margin over that period was 27.8%.

K - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a gross profit of 1.08B and revenue of 3.26B. Therefore, the gross margin over that period was 33.3%.

MDLZ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mondelez International, Inc. reported an operating income of 808.00M and revenue of 10.08B, resulting in an operating margin of 8.0%.

K - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported an operating income of 452.00M and revenue of 3.26B, resulting in an operating margin of 13.9%.

MDLZ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mondelez International, Inc. reported a net income of 560.00M and revenue of 10.08B, resulting in a net margin of 5.6%.

K - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a net income of 309.00M and revenue of 3.26B, resulting in a net margin of 9.5%.

Frequently Asked Questions

Can I hold both MDLZ and K in my portfolio?

MDLZ and K have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.