BKH vs. KO
BKH (Black Hills Corporation) and KO (The Coca-Cola Company) are both stocks. BKH operates in Utilities - Diversified (Utilities), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, BKH returned 4.90%/yr vs 10.64%/yr for KO. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
BKH vs. KO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BKH achieves a 4.55% return, which is significantly lower than KO's 26.97% return. Over the past 10 years, BKH has underperformed KO with an annualized return of 4.90%, while KO has yielded a comparatively higher 10.64% annualized return.
BKH
- 1D
- -1.41%
- 1M
- -3.30%
- 6M
- -0.55%
- YTD
- 4.55%
- 1Y
- 28.24%
- 3Y*
- 11.13%
- 5Y*
- 5.20%
- 10Y*
- 4.90%
- ALL TIME*
- 10.89%
KO
- 1D
- -1.02%
- 1M
- 7.75%
- 6M
- 18.65%
- YTD
- 26.97%
- 1Y
- 32.67%
- 3Y*
- 15.70%
- 5Y*
- 12.23%
- 10Y*
- 10.64%
- ALL TIME*
- 12.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.52M | $54.01M | $68.22M | |
| $1.49B | $1.47B | $1.44B |
BKH vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKH Black Hills Corporation | 4.55% | 23.93% | 13.57% | -19.95% | 3.08% | 18.86% | -19.05% | 28.60% | 7.98% | 0.81% |
KO The Coca-Cola Company | 26.97% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between BKH and KO is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.26 |
The correlation between BKH and KO shifts across timeframes, from 0.19 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BKH:
$5.42B
KO:
$376.85B
BKH:
$2.08
KO:
$3.32
BKH:
34.24
KO:
26.39
BKH:
20.43
KO:
3.18
BKH:
2.33
KO:
7.54
BKH:
$2.29B
KO:
$50.13B
BKH:
$596.90M
KO:
$31.02B
BKH:
$554.70M
KO:
$19.57B
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
BKH vs. KO — Risk / Return Rank
BKH
KO
BKH vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Black Hills Corporation (BKH) 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.
| BKH | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 4.17 | -1.58 |
| Martin ratioReturn relative to average drawdown | 7.72 | 9.09 | -1.38 |
Loading charts...
Drawdowns
BKH vs. KO - Drawdown Comparison
The maximum BKH drawdown since its inception was -65.72%, roughly equal to the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for BKH and KO.
Loading charts...
Drawdown Indicators
| BKH | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.72% | -68.23% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -7.87% | -3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.28% | -15.50% | -2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -36.98% | -17.27% | -19.71% |
Max Drawdown (10Y)Largest decline over 10 years | -40.45% | -36.99% | -3.46% |
Current DrawdownCurrent decline from peak | -6.43% | -1.67% | -4.76% |
Average DrawdownAverage peak-to-trough decline | -16.15% | -16.06% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.60% | +0.07% |
Volatility
BKH vs. KO - Volatility Comparison
The current volatility for Black Hills Corporation (BKH) is 6.15%, while The Coca-Cola Company (KO) has a volatility of 9.09%. This indicates that BKH 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
| BKH | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 9.09% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.00% | 15.06% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 18.66% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.39% | 16.64% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 18.42% | +7.17% |
Dividends
BKH vs. KO - Dividend Comparison
BKH's dividend yield for the trailing twelve months is around 3.87%, more than KO's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKH Black Hills Corporation | 3.87% | 3.90% | 4.44% | 4.63% | 3.43% | 3.25% | 3.53% | 2.61% | 3.07% | 3.01% | 2.74% | 3.49% |
KO The Coca-Cola Company | 2.37% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
BKH vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Black Hills Corporation 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
BKH vs. KO - Profitability Comparison
BKH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Black Hills Corporation reported a gross profit of 0.00 and revenue of 780.70M. Therefore, the gross margin over that period was 0.0%.
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%.
BKH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Black Hills Corporation reported an operating income of 201.90M and revenue of 780.70M, resulting in an operating margin of 25.9%.
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%.
BKH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Black Hills Corporation reported a net income of -2.10M and revenue of 780.70M, resulting in a net margin of -0.3%.
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
BKH and KO 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.
KO has higher volatility (9.09%) compared to BKH (6.15%). In terms of maximum drawdown, BKH dropped -65.72% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.76 vs 1.26), 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 BKH 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