AIT vs. KO
AIT (Applied Industrial Technologies, Inc.) and KO (The Coca-Cola Company) are both stocks. AIT operates in Industrial Distribution (Industrials), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, AIT returned 23.22%/yr vs 9.46%/yr for KO. At a 0.19 correlation, their price movements are largely independent.
Performance
AIT vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, AIT achieves a 23.56% return, which is significantly higher than KO's 17.28% return. Over the past 10 years, AIT has outperformed KO with an annualized return of 23.22%, while KO has yielded a comparatively lower 9.46% annualized return.
AIT
- 1D
- -1.23%
- 1M
- 2.93%
- YTD
- 23.56%
- 6M
- 22.12%
- 1Y
- 41.09%
- 3Y*
- 33.33%
- 5Y*
- 29.00%
- 10Y*
- 23.22%
KO
- 1D
- -1.44%
- 1M
- 0.76%
- YTD
- 17.28%
- 6M
- 15.53%
- 1Y
- 17.15%
- 3Y*
- 12.74%
- 5Y*
- 11.40%
- 10Y*
- 9.46%
AIT vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 23.56% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
KO The Coca-Cola Company | 17.28% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between AIT and KO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.19 |
The correlation between AIT and KO shifts across timeframes, from 0.08 (1 year) to 0.22 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AIT:
$12.02B
KO:
$349.05B
AIT:
$10.56
KO:
$3.18
AIT:
29.94
KO:
25.47
AIT:
0.94
KO:
3.07
AIT:
2.50
KO:
7.08
AIT:
4.02
KO:
10.38
AIT:
$4.84B
KO:
$49.28B
AIT:
$1.47B
KO:
$30.43B
AIT:
$563.38M
KO:
$18.35B
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Return for Risk
AIT vs. KO — Risk / Return Rank
AIT
KO
AIT vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) 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.
| AIT | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.19 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 2.19 | +1.02 |
| Martin ratioReturn relative to average drawdown | 7.72 | 4.38 | +3.34 |
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Drawdowns
AIT vs. KO - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.47%, roughly equal to the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for AIT and KO.
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Drawdown Indicators
| AIT | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -68.23% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -7.87% | -4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -26.42% | -16.26% | -10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -17.27% | -9.15% |
Max Drawdown (10Y)Largest decline over 10 years | -59.29% | -36.99% | -22.30% |
Current DrawdownCurrent decline from peak | -2.05% | -2.58% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -18.03% | -16.09% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.34% | 3.93% | +1.41% |
Volatility
AIT vs. KO - Volatility Comparison
Applied Industrial Technologies, Inc. (AIT) and The Coca-Cola Company (KO) have volatilities of 6.78% and 6.89%, 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
| AIT | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 6.89% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 19.36% | 12.85% | +6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.52% | 16.80% | +9.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.53% | 16.20% | +14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.30% | 18.25% | +15.05% |
Dividends
AIT vs. KO - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.61%, less than KO's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.61% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
KO The Coca-Cola Company | 2.57% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
AIT vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Applied Industrial Technologies, Inc. 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.
Total Revenue: Total amount of money received from sales and other business activities
AIT vs. KO - Profitability Comparison
AIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a gross profit of 7.85B and revenue of 12.47B. Therefore, the gross margin over that period was 63.0%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported an operating income of 4.36B and revenue of 12.47B, resulting in an operating margin of 35.0%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a net income of 3.92B and revenue of 12.47B, resulting in a net margin of 31.5%.
Frequently Asked Questions
AIT and KO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (6.89%) compared to AIT (6.78%). In terms of maximum drawdown, AIT dropped -66.47% vs KO's -68.23%.
AIT currently has the higher Sharpe Ratio (1.56 vs 1.03), 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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