TR vs. MDLZ

Last updated Jun 4, 2026

TR (Tootsie Roll Industries, Inc.) and MDLZ (Mondelez International, Inc.) are both stocks. Both operate in the Confectioners industry within the Consumer Defensive sector. Over the past 10 years, TR returned 3.28%/yr vs 5.51%/yr for MDLZ. At a 0.38 correlation, their price movements are largely independent.

Performance

TR vs. MDLZ - Performance Comparison

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

Returns By Period

In the year-to-date period, TR achieves a 6.12% return, which is significantly lower than MDLZ's 14.88% return. Over the past 10 years, TR has underperformed MDLZ with an annualized return of 3.28%, while MDLZ has yielded a comparatively higher 5.51% annualized return.

TR

• 1D: 0.64%
• 1M: -9.93%
• YTD: 6.12%
• 6M: 3.74%
• 1Y: 10.19%
• 3Y*: 3.39%
• 5Y*: 6.70%
• 10Y*: 3.28%

MDLZ

• 1D: 0.39%
• 1M: -0.11%
• YTD: 14.88%
• 6M: 11.39%
• 1Y: -5.50%
• 3Y*: -3.54%
• 5Y*: 1.73%
• 10Y*: 5.51%

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

TR vs. MDLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TR Tootsie Roll Industries, Inc.	6.12%	17.87%	1.36%	-18.76%	22.25%	27.01%	-12.02%	3.23%	-7.18%	-4.77%
MDLZ Mondelez International, Inc.	14.88%	-7.03%	-15.30%	11.17%	2.92%	15.87%	8.58%	40.42%	-4.27%	-1.58%

Correlation

The correlation between TR and MDLZ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jun 14, 2001	0.38

Fundamentals

EPS TR : $1.36 MDLZ : $2.68
PE Ratio TR : 27.75 MDLZ : 22.88
PS Ratio TR : 3.76 MDLZ : 1.52
Total Revenue (TTM) TR : $735.61M MDLZ : $39.30B
Gross Profit (TTM) TR : $257.59M MDLZ : $11.31B
EBITDA (TTM) TR : $138.31M MDLZ : $4.67B

Return for Risk

TR vs. MDLZ — Risk / Return Rank

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

TR

TR Risk / Return Rank: 50
TR Sharpe Ratio Rank: 54
TR Sortino Ratio Rank: 46
TR Omega Ratio Rank: 46
TR Calmar Ratio Rank: 52
TR Martin Ratio Rank: 53

MDLZ

MDLZ Risk / Return Rank: 29
MDLZ Sharpe Ratio Rank: 30
MDLZ Sortino Ratio Rank: 25
MDLZ Omega Ratio Rank: 25
MDLZ Calmar Ratio Rank: 33
MDLZ Martin Ratio Rank: 33

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.

TR vs. MDLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tootsie Roll Industries, Inc. (TR) 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.

	TR	MDLZ	Difference
Sharpe ratio Return per unit of total volatility	0.39	-0.25	+0.64
Sortino ratio Return per unit of downside risk	0.68	-0.20	+0.89
Omega ratio Gain probability vs. loss probability	1.09	0.97	+0.11
Calmar ratio Return relative to maximum drawdown	0.51	-0.21	+0.72
Martin ratio Return relative to average drawdown	1.18	-0.38	+1.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TR vs. MDLZ - Sharpe Ratio Comparison

The current TR Sharpe Ratio is 0.39, which is higher than the MDLZ Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of TR and MDLZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TR	MDLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	-0.25	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.09	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.26	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.34	-0.03

Drawdowns

TR vs. MDLZ - Drawdown Comparison

The maximum TR drawdown since its inception was -44.74%, which is greater than MDLZ's maximum drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for TR and MDLZ.

Drawdown Indicators

	TR	MDLZ	Difference
Max Drawdown Largest peak-to-trough decline	-44.74%	-42.52%	-2.22%
Max Drawdown (1Y) Largest decline over 1 year	-20.03%	-25.93%	+5.90%
Max Drawdown (3Y) Largest decline over 3 years	-25.32%	-29.00%	+3.68%
Max Drawdown (5Y) Largest decline over 5 years	-36.41%	-29.14%	-7.27%
Max Drawdown (10Y) Largest decline over 10 years	-36.41%	-29.74%	-6.67%
Current Drawdown Current decline from peak	-15.96%	-14.92%	-1.04%
Average Drawdown Average peak-to-trough decline	-16.76%	-11.03%	-5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.65%	14.61%	-5.96%

Volatility

TR vs. MDLZ - Volatility Comparison

Tootsie Roll Industries, Inc. (TR) has a higher volatility of 9.28% compared to Mondelez International, Inc. (MDLZ) at 4.17%. This indicates that TR's price experiences larger fluctuations and is considered to be riskier than MDLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TR	MDLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	4.17%	+5.11%
Volatility (6M) Calculated over the trailing 6-month period	16.34%	16.04%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	26.33%	21.99%	+4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.97%	19.46%	+5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.28%	21.02%	+4.26%

Dividends

TR vs. MDLZ - Dividend Comparison

TR's dividend yield for the trailing twelve months is around 0.94%, less than MDLZ's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TR Tootsie Roll Industries, Inc.	0.94%	0.98%	1.11%	1.08%	0.85%	0.99%	1.21%	1.05%	1.08%	0.99%	0.91%	1.11%

Financials

TR vs. MDLZ - Profitability Comparison

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

TR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported a gross profit of 49.77M and revenue of 151.54M. Therefore, the gross margin over that period was 32.8%.

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%.

TR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported an operating income of 23.21M and revenue of 151.54M, resulting in an operating margin of 15.3%.

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%.

TR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported a net income of 17.66M and revenue of 151.54M, resulting in a net margin of 11.7%.

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%.

Frequently Asked Questions

Can I hold both TR and MDLZ in my portfolio?

TR and MDLZ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TR or MDLZ?

TR has higher volatility (9.28%) compared to MDLZ (4.17%). In terms of maximum drawdown, TR dropped -44.74% vs MDLZ's -42.52%.

Which has better risk-adjusted returns?

TR currently has the higher Sharpe Ratio (0.39 vs -0.25), 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.