^GSPC vs. KO
^GSPC (S&P 500 Index) is an index, while KO (The Coca-Cola Company) is a stock. Over the past 10 years, ^GSPC returned 13.61%/yr vs 9.55%/yr for KO. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
^GSPC vs. KO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ^GSPC achieves a 8.56% return, which is significantly lower than KO's 18.99% return. Over the past 10 years, ^GSPC has outperformed KO with an annualized return of 13.61%, while KO has yielded a comparatively lower 9.55% annualized return.
^GSPC
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
KO
- 1D
- 0.11%
- 1M
- 2.94%
- YTD
- 18.99%
- 6M
- 17.96%
- 1Y
- 17.68%
- 3Y*
- 14.33%
- 5Y*
- 11.29%
- 10Y*
- 9.55%
^GSPC vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GSPC S&P 500 Index | 8.56% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
KO The Coca-Cola Company | 18.99% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between ^GSPC and KO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1970 | 0.50 |
The correlation between ^GSPC and KO shifts across timeframes, from -0.11 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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
^GSPC vs. KO — Risk / Return Rank
^GSPC
KO
^GSPC vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and The Coca-Cola Company (KO). 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.
| ^GSPC | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.26 | +0.27 |
| Martin ratioReturn relative to average drawdown | 11.37 | 4.51 | +6.86 |
Loading charts...
Drawdowns
^GSPC vs. KO - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for ^GSPC and KO.
Loading charts...
Drawdown Indicators
| ^GSPC | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -68.23% | +11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -7.87% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -16.26% | -2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -17.27% | -8.16% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -36.99% | +3.07% |
Current DrawdownCurrent decline from peak | -2.34% | -1.16% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -16.09% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.98% | -1.96% |
Volatility
^GSPC vs. KO - Volatility Comparison
The current volatility for S&P 500 Index (^GSPC) is 4.43%, while The Coca-Cola Company (KO) has a volatility of 6.70%. This indicates that ^GSPC experiences smaller price fluctuations and is considered to be less risky than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ^GSPC | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 6.70% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 12.87% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 16.73% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 16.18% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 18.24% | -0.15% |
Frequently Asked Questions
^GSPC and KO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (6.70%) compared to ^GSPC (4.43%). In terms of maximum drawdown, ^GSPC dropped -56.78% vs KO's -68.23%.
^GSPC currently has the higher Sharpe Ratio (1.86 vs 1.06), 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 ^GSPC and KO
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