MDLZ vs. PEP
MDLZ (Mondelez International, Inc.) and PEP (PepsiCo, Inc.) are both stocks. Both are in the Consumer Defensive sector — MDLZ in Confectioners, PEP in Beverages - Non-Alcoholic. Over the past 10 years, MDLZ returned 5.92%/yr vs 6.50%/yr for PEP. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
MDLZ vs. PEP - Performance Comparison
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Returns By Period
In the year-to-date period, MDLZ achieves a 11.51% return, which is significantly higher than PEP's 0.11% return. Over the past 10 years, MDLZ has underperformed PEP with an annualized return of 5.92%, while PEP has yielded a comparatively higher 6.50% annualized return.
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%
PEP
- 1D
- -0.92%
- 1M
- -5.42%
- YTD
- 0.11%
- 6M
- -2.29%
- 1Y
- 13.51%
- 3Y*
- -5.61%
- 5Y*
- 2.65%
- 10Y*
- 6.50%
MDLZ vs. PEP - 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% |
PEP PepsiCo, Inc. | 0.11% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
Correlation
The correlation between MDLZ and PEP is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2001 | 0.51 |
The correlation between MDLZ and PEP shifts across timeframes, from 0.51 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MDLZ:
$2.68
PEP:
$6.38
MDLZ:
22.21
PEP:
22.07
MDLZ:
1.47
PEP:
2.02
MDLZ:
$39.30B
PEP:
$95.45B
MDLZ:
$11.31B
PEP:
$51.60B
MDLZ:
$4.67B
PEP:
$15.08B
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Return for Risk
MDLZ vs. PEP — Risk / Return Rank
MDLZ
PEP
MDLZ vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mondelez International, Inc. (MDLZ) and PepsiCo, Inc. (PEP). 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 | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.12 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 0.83 | -1.22 |
| Martin ratioReturn relative to average drawdown | -0.68 | 2.03 | -2.71 |
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Drawdowns
MDLZ vs. PEP - Drawdown Comparison
The maximum MDLZ drawdown since its inception was -42.52%, smaller than the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for MDLZ and PEP.
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Drawdown Indicators
| MDLZ | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.52% | -73.92% | +31.40% |
Max Drawdown (1Y)Largest decline over 1 year | -25.93% | -16.25% | -9.68% |
Max Drawdown (3Y)Largest decline over 3 years | -29.00% | -29.17% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -29.14% | -30.32% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -29.74% | -30.32% | +0.58% |
Current DrawdownCurrent decline from peak | -17.42% | -19.66% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -13.65% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.79% | 6.66% | +8.13% |
Volatility
MDLZ vs. PEP - Volatility Comparison
Mondelez International, Inc. (MDLZ) and PepsiCo, Inc. (PEP) have volatilities of 6.08% and 6.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDLZ | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 6.35% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.72% | 14.99% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.22% | 21.88% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 18.43% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.07% | 19.71% | +1.36% |
Dividends
MDLZ vs. PEP - Dividend Comparison
MDLZ's dividend yield for the trailing twelve months is around 3.31%, less than PEP's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PEP PepsiCo, Inc. | 4.24% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
MDLZ vs. PEP - Financials Comparison
This section allows you to compare key financial metrics between Mondelez International, Inc. and PepsiCo, 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
MDLZ vs. PEP - Profitability Comparison
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%.
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a gross profit of 10.73B and revenue of 19.44B. Therefore, the gross margin over that period was 55.2%.
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%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported an operating income of 3.21B and revenue of 19.44B, resulting in an operating margin of 16.5%.
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%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a net income of 2.34B and revenue of 19.44B, resulting in a net margin of 12.0%.
Frequently Asked Questions
MDLZ and PEP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEP has higher volatility (6.35%) compared to MDLZ (6.08%). In terms of maximum drawdown, MDLZ dropped -42.52% vs PEP's -73.92%.
PEP currently has the higher Sharpe Ratio (0.62 vs -0.45), 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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