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During periods of broad market decline and rising volatility, some consumer companies in the Dow Jones industrial average can be safety plays, according to CNBC analysis using Kensho.

CNBC found that stocks such as Procter & Gamble and McDonald’s held up the best when the Cboe Volatility index (VIX) – the market’s fear gauge – jumped five points in five days. The VIX has climbed about four points so far this week to 14.86 late Friday morning.

On 59 occasions since January 2008 when the VIX rose five points in five trading days, Procter & Gamble fell an average of 1.7 percent during that time and McDonald’s lost about 1.9 percent, the Kensho study showed. In contrast, the S&P 500 on average dropped 4.3 percent.

Walmart, Coca-Cola and Johnson & Johnson also fell less than the broader market during periods of volatility spikes. The stocks had an average decline of about 2.2 percent or less, according to Kensho.

These better-performing Dow stocks are mostly in the category of consumer staples, a group of stocks of companies that sell daily essentials.

Walmart was one of two Dow components trading higher Friday, while McDonald’s, Johnson & Johnson, Coca-Cola and Procter & Gamble all traded lower by roughly 1 percent or less midday Friday.

The Dow fell 400 points, or 1.5 percent, in midday trading as Treasury yields jumped to multi-year highs. Chevron, Exxon Mobil and Visa dropped sharply after reporting earnings and contributed the most to declines in the Dow.

With Friday’s declines, the Dow was tracking for a weekly loss of 3 percent.

“Strap in, it’s going to be a volatile year,” said Dan Veru, chief investment officer at Palisade Capital Management. “I don’t think we’re going to have [a] grind-up year.”

— CNBC’s John Melloy contributed to this report.

Disclosure: CNBC’s parent NBCUniversal is a minority investor in Kensho.