AKO-B vs. MSA.TO

Last updated Jun 4, 2026

AKO-B (Embotelladora Andina S.A) and MSA.TO (Mineros S.A.) are both stocks. AKO-B operates in Beverages - Non-Alcoholic (Consumer Defensive), while MSA.TO operates in Gold (Basic Materials). Over the past 3 years, AKO-B returned 30.33%/yr vs 125.40%/yr for MSA.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

AKO-B vs. MSA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Embotelladora Andina S.A (AKO-B) and Mineros S.A. (MSA.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AKO-B is traded in USD, while MSA.TO is traded in CAD. To make them comparable, the MSA.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AKO-B achieves a 5.24% return, which is significantly higher than MSA.TO's 3.95% return.

AKO-B

• 1D: -4.69%
• 1M: 9.77%
• YTD: 5.24%
• 6M: 9.54%
• 1Y: 17.31%
• 3Y*: 30.33%
• 5Y*: 27.44%
• 10Y*: 11.00%

MSA.TO

• 1D: -4.17%
• 1M: 15.83%
• YTD: 3.95%
• 6M: 2.38%
• 1Y: 135.74%
• 3Y*: 125.40%
• 5Y*: —
• 10Y*: —

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

AKO-B vs. MSA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AKO-B Embotelladora Andina S.A	5.24%	62.01%	31.46%	12.77%	34.54%	6.27%
MSA.TO Mineros S.A.	3.95%	319.47%	139.15%	9.63%	-36.36%	-0.86%

Correlation

The correlation between AKO-B and MSA.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021	0.09

The correlation between AKO-B and MSA.TO shifts across timeframes, from 0.09 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AKO-B : $4.30B MSA.TO : CA$1.75B
EPS AKO-B : $1.95K MSA.TO : CA$0.66
PE Ratio AKO-B : 0.01 MSA.TO : 8.92
PEG Ratio AKO-B : 0.00 MSA.TO : 0.06
PS Ratio AKO-B : 0.00 MSA.TO : 1.86
PB Ratio AKO-B : 0.00 MSA.TO : 3.06
Total Revenue (TTM) AKO-B : $3.42T MSA.TO : CA$937.58M
Gross Profit (TTM) AKO-B : $1.34T MSA.TO : CA$403.36M
EBITDA (TTM) AKO-B : $620.88B MSA.TO : CA$400.83M

Return for Risk

AKO-B vs. MSA.TO — Risk / Return Rank

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

AKO-B

AKO-B Risk / Return Rank: 55
AKO-B Sharpe Ratio Rank: 58
AKO-B Sortino Ratio Rank: 53
AKO-B Omega Ratio Rank: 51
AKO-B Calmar Ratio Rank: 55
AKO-B Martin Ratio Rank: 58

MSA.TO

MSA.TO Risk / Return Rank: 86
MSA.TO Sharpe Ratio Rank: 92
MSA.TO Sortino Ratio Rank: 85
MSA.TO Omega Ratio Rank: 85
MSA.TO Calmar Ratio Rank: 85
MSA.TO Martin Ratio Rank: 85

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.

AKO-B vs. MSA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Embotelladora Andina S.A (AKO-B) and Mineros S.A. (MSA.TO). 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.

	AKO-B	MSA.TO	Difference
Sharpe ratio Return per unit of total volatility	0.52	2.46	-1.94
Sortino ratio Return per unit of downside risk	0.97	2.64	-1.68
Omega ratio Gain probability vs. loss probability	1.11	1.35	-0.24
Calmar ratio Return relative to maximum drawdown	0.66	3.23	-2.56
Martin ratio Return relative to average drawdown	1.64	8.32	-6.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AKO-B vs. MSA.TO - Sharpe Ratio Comparison

The current AKO-B Sharpe Ratio is 0.52, which is lower than the MSA.TO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of AKO-B and MSA.TO, 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

	AKO-B	MSA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	2.46	-1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	1.02	-0.83

Drawdowns

AKO-B vs. MSA.TO - Drawdown Comparison

The maximum AKO-B drawdown since its inception was -75.32%, which is greater than MSA.TO's maximum drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for AKO-B and MSA.TO.

Drawdown Indicators

	AKO-B	MSA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-75.32%	-53.24%	-22.08%
Max Drawdown (1Y) Largest decline over 1 year	-26.20%	-42.31%	+16.11%
Max Drawdown (3Y) Largest decline over 3 years	-32.27%	-42.31%	+10.04%
Max Drawdown (5Y) Largest decline over 5 years	-32.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.01%	—	—
Current Drawdown Current decline from peak	-11.92%	-24.41%	+12.49%
Average Drawdown Average peak-to-trough decline	-32.26%	-20.32%	-11.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.57%	16.37%	-5.80%

Volatility

AKO-B vs. MSA.TO - Volatility Comparison

The current volatility for Embotelladora Andina S.A (AKO-B) is 13.42%, while Mineros S.A. (MSA.TO) has a volatility of 19.22%. This indicates that AKO-B experiences smaller price fluctuations and is considered to be less risky than MSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AKO-B	MSA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.42%	19.22%	-5.80%
Volatility (6M) Calculated over the trailing 6-month period	24.76%	41.84%	-17.08%
Volatility (1Y) Calculated over the trailing 1-year period	33.78%	55.77%	-21.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.75%	53.86%	-14.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.98%	53.86%	-11.88%

Dividends

AKO-B vs. MSA.TO - Dividend Comparison

AKO-B's dividend yield for the trailing twelve months is around 3.98%, more than MSA.TO's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AKO-B Embotelladora Andina S.A	3.98%	4.81%	6.14%	8.89%	14.66%	7.26%	5.63%	4.65%	2.89%	2.36%	2.35%	2.85%
MSA.TO Mineros S.A.	2.34%	2.49%	8.46%	14.31%	13.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

AKO-B vs. MSA.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Embotelladora Andina S.A and Mineros S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AKO-B - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Embotelladora Andina S.A reported a gross profit of 393.07B and revenue of 958.49B. Therefore, the gross margin over that period was 41.0%.

MSA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported a gross profit of 142.57M and revenue of 291.81M. Therefore, the gross margin over that period was 48.9%.

AKO-B - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Embotelladora Andina S.A reported an operating income of 147.46B and revenue of 958.49B, resulting in an operating margin of 15.4%.

MSA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported an operating income of 135.21M and revenue of 291.81M, resulting in an operating margin of 46.3%.

AKO-B - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Embotelladora Andina S.A reported a net income of 102.93B and revenue of 958.49B, resulting in a net margin of 10.7%.

MSA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported a net income of 87.69M and revenue of 291.81M, resulting in a net margin of 30.1%.

Frequently Asked Questions

Can I hold both AKO-B and MSA.TO in my portfolio?

AKO-B and MSA.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.