APD vs. KO
APD (Air Products and Chemicals, Inc.) and KO (The Coca-Cola Company) are both stocks. APD operates in Specialty Chemicals (Basic Materials), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, APD returned 9.70%/yr vs 10.53%/yr for KO. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
APD vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, APD achieves a 21.68% return, which is significantly lower than KO's 25.47% return. Over the past 10 years, APD has underperformed KO with an annualized return of 9.70%, while KO has yielded a comparatively higher 10.53% annualized return.
APD
- 1D
- 0.60%
- 1M
- -6.20%
- 6M
- 7.35%
- YTD
- 21.68%
- 1Y
- 5.25%
- 3Y*
- 3.84%
- 5Y*
- 2.97%
- 10Y*
- 9.70%
- ALL TIME*
- 11.77%
KO
- 1D
- -0.35%
- 1M
- 2.88%
- 6M
- 14.08%
- YTD
- 25.47%
- 1Y
- 29.08%
- 3Y*
- 15.91%
- 5Y*
- 12.18%
- 10Y*
- 10.53%
- ALL TIME*
- 12.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $376.90M | $346.11M | $383.63M | |
| $1.60B | $1.48B | $1.47B |
APD vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 21.68% | -12.66% | 8.09% | -8.95% | 3.91% | 13.75% | 18.82% | 50.02% | 0.26% | 17.04% |
KO The Coca-Cola Company | 25.47% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between APD and KO is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1987 | 0.34 |
Over the past year, the correlation between APD and KO has dropped to 0.13 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
Fundamentals
APD:
$65.63B
KO:
$372.43B
APD:
-$0.21
KO:
$3.32
APD:
5.21
KO:
7.45
APD:
4.73
KO:
10.33
APD:
$12.60B
KO:
$50.13B
APD:
$4.04B
KO:
$31.02B
APD:
$1.30B
KO:
$19.57B
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Return for Risk
APD vs. KO — Risk / Return Rank
APD
KO
APD vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Air Products and Chemicals, Inc. (APD) 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.
| APD | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.29 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 3.71 | -3.48 |
| Martin ratioReturn relative to average drawdown | 0.57 | 8.08 | -7.50 |
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Drawdowns
APD vs. KO - Drawdown Comparison
The maximum APD drawdown since its inception was -60.30%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for APD and KO.
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Drawdown Indicators
| APD | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.30% | -68.23% | +7.93% |
Max Drawdown (1Y)Largest decline over 1 year | -22.39% | -7.87% | -14.52% |
Max Drawdown (3Y)Largest decline over 3 years | -30.43% | -15.50% | -14.93% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -17.27% | -14.50% |
Max Drawdown (10Y)Largest decline over 10 years | -31.77% | -36.99% | +5.22% |
Current DrawdownCurrent decline from peak | -9.38% | -2.83% | -6.55% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -16.06% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.22% | 3.61% | +5.61% |
Volatility
APD vs. KO - Volatility Comparison
The current volatility for Air Products and Chemicals, Inc. (APD) is 5.66%, while The Coca-Cola Company (KO) has a volatility of 8.41%. This indicates that APD 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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Volatility by Period
| APD | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 8.41% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 14.99% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.73% | 18.59% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 16.64% | +9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.07% | 18.43% | +7.64% |
Dividends
APD vs. KO - Dividend Comparison
APD's dividend yield for the trailing twelve months is around 2.44%, more than KO's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APD Air Products and Chemicals, Inc. | 2.44% | 2.89% | 1.83% | 2.56% | 2.10% | 1.97% | 1.96% | 1.97% | 2.75% | 2.32% | 2.39% | 2.49% |
KO The Coca-Cola Company | 2.40% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
APD vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Air Products and Chemicals, 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
APD vs. KO - Profitability Comparison
APD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Air Products and Chemicals, Inc. reported a gross profit of 1.04B and revenue of 3.16B. Therefore, the gross margin over that period was 32.8%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Coca-Cola Company reported a gross profit of 8.42B and revenue of 13.38B. Therefore, the gross margin over that period was 62.9%.
APD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Air Products and Chemicals, Inc. reported an operating income of -2.10B and revenue of 3.16B, resulting in an operating margin of -66.3%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Coca-Cola Company reported an operating income of 4.67B and revenue of 13.38B, resulting in an operating margin of 34.9%.
APD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Air Products and Chemicals, Inc. reported a net income of -1.44B and revenue of 3.16B, resulting in a net margin of -45.6%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Coca-Cola Company reported a net income of 4.43B and revenue of 13.38B, resulting in a net margin of 33.1%.
Frequently Asked Questions
APD and KO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (8.41%) compared to APD (5.66%). In terms of maximum drawdown, APD dropped -60.30% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.57 vs 0.20), 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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