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ABEV vs. KO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between ABEV and KO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

ABEV vs. KO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ambev S.A. (ABEV) and The Coca-Cola Company (KO). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ABEV:

0.70

KO:

1.10

Sortino Ratio

ABEV:

1.06

KO:

1.60

Omega Ratio

ABEV:

1.13

KO:

1.20

Calmar Ratio

ABEV:

0.24

KO:

1.16

Martin Ratio

ABEV:

1.35

KO:

2.55

Ulcer Index

ABEV:

12.51%

KO:

7.07%

Daily Std Dev

ABEV:

28.22%

KO:

17.04%

Max Drawdown

ABEV:

-73.73%

KO:

-68.22%

Current Drawdown

ABEV:

-57.04%

KO:

-3.72%

Fundamentals

Market Cap

ABEV:

$39.46B

KO:

$308.96B

EPS

ABEV:

$0.16

KO:

$2.49

PE Ratio

ABEV:

15.69

KO:

28.57

PEG Ratio

ABEV:

1.46

KO:

2.72

PS Ratio

ABEV:

0.43

KO:

6.59

PB Ratio

ABEV:

2.34

KO:

11.79

Total Revenue (TTM)

ABEV:

$91.67B

KO:

$46.89B

Gross Profit (TTM)

ABEV:

$47.17B

KO:

$28.64B

EBITDA (TTM)

ABEV:

$27.06B

KO:

$16.01B

Returns By Period

In the year-to-date period, ABEV achieves a 36.50% return, which is significantly higher than KO's 15.12% return. Over the past 10 years, ABEV has underperformed KO with an annualized return of -4.41%, while KO has yielded a comparatively higher 9.08% annualized return.


ABEV

YTD

36.50%

1M

0.46%

6M

23.95%

1Y

19.51%

3Y*

-0.03%

5Y*

6.55%

10Y*

-4.41%

KO

YTD

15.12%

1M

-0.89%

6M

12.09%

1Y

18.53%

3Y*

6.37%

5Y*

12.19%

10Y*

9.08%

*Annualized

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Ambev S.A.

The Coca-Cola Company

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

ABEV vs. KO — Risk-Adjusted Performance Rank

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

ABEV
The Risk-Adjusted Performance Rank of ABEV is 6767
Overall Rank
The Sharpe Ratio Rank of ABEV is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of ABEV is 6767
Sortino Ratio Rank
The Omega Ratio Rank of ABEV is 6363
Omega Ratio Rank
The Calmar Ratio Rank of ABEV is 6363
Calmar Ratio Rank
The Martin Ratio Rank of ABEV is 6767
Martin Ratio Rank

KO
The Risk-Adjusted Performance Rank of KO is 8080
Overall Rank
The Sharpe Ratio Rank of KO is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of KO is 7979
Sortino Ratio Rank
The Omega Ratio Rank of KO is 7676
Omega Ratio Rank
The Calmar Ratio Rank of KO is 8585
Calmar Ratio Rank
The Martin Ratio Rank of KO is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ABEV vs. KO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Ambev S.A. (ABEV) 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.


The current ABEV Sharpe Ratio is 0.70, which is lower than the KO Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of ABEV and KO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

ABEV vs. KO - Dividend Comparison

ABEV's dividend yield for the trailing twelve months is around 6.13%, more than KO's 2.76% yield.


TTM20242023202220212020201920182017201620152014
ABEV
Ambev S.A.
6.13%5.84%5.25%5.37%4.39%2.58%2.51%3.80%2.57%3.75%5.09%5.31%
KO
The Coca-Cola Company
2.76%3.12%3.12%2.77%2.84%2.99%2.89%3.29%3.23%3.38%3.07%2.89%

Drawdowns

ABEV vs. KO - Drawdown Comparison

The maximum ABEV drawdown since its inception was -73.73%, which is greater than KO's maximum drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for ABEV and KO.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

ABEV vs. KO - Volatility Comparison

The current volatility for Ambev S.A. (ABEV) is 4.32%, while The Coca-Cola Company (KO) has a volatility of 5.28%. This indicates that ABEV 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.


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Financials

ABEV vs. KO - Financials Comparison

This section allows you to compare key financial metrics between Ambev S.A. and The Coca-Cola Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


10.00B15.00B20.00B25.00B20212022202320242025
22.50B
11.13B
(ABEV) Total Revenue
(KO) Total Revenue
Values in USD except per share items

ABEV vs. KO - Profitability Comparison

The chart below illustrates the profitability comparison between Ambev S.A. and The Coca-Cola Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

50.0%55.0%60.0%20212022202320242025
51.4%
62.6%
(ABEV) Gross Margin
(KO) Gross Margin
ABEV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Ambev S.A. reported a gross profit of 11.55B and revenue of 22.50B. Therefore, the gross margin over that period was 51.4%.

KO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, The Coca-Cola Company reported a gross profit of 6.97B and revenue of 11.13B. Therefore, the gross margin over that period was 62.6%.

ABEV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Ambev S.A. reported an operating income of 5.71B and revenue of 22.50B, resulting in an operating margin of 25.4%.

KO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, The Coca-Cola Company reported an operating income of 3.66B and revenue of 11.13B, resulting in an operating margin of 32.9%.

ABEV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Ambev S.A. reported a net income of 3.69B and revenue of 22.50B, resulting in a net margin of 16.4%.

KO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, The Coca-Cola Company reported a net income of 3.33B and revenue of 11.13B, resulting in a net margin of 29.9%.