CAG vs. KO
CAG (Conagra Brands, Inc.) and KO (The Coca-Cola Company) are both stocks. Both are in the Consumer Defensive sector — CAG in Packaged Foods, KO in Beverages - Non-Alcoholic. Over the past 10 years, CAG returned -5.11%/yr vs 9.35%/yr for KO. At a 0.38 correlation, their price movements are largely independent.
Performance
CAG vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, CAG achieves a -10.31% return, which is significantly lower than KO's 18.82% return. Over the past 10 years, CAG has underperformed KO with an annualized return of -5.11%, while KO has yielded a comparatively higher 9.35% annualized return.
CAG
- 1D
- 1.43%
- 1M
- 12.50%
- 6M
- -9.58%
- YTD
- -10.31%
- 1Y
- -13.95%
- 3Y*
- -18.83%
- 5Y*
- -10.91%
- 10Y*
- -5.11%
- ALL TIME*
- 6.76%
KO
- 1D
- -0.18%
- 1M
- 3.25%
- 6M
- 15.77%
- YTD
- 18.82%
- 1Y
- 20.30%
- 3Y*
- 12.77%
- 5Y*
- 10.97%
- 10Y*
- 9.35%
- ALL TIME*
- 12.16%
CAG vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAG Conagra Brands, Inc. | -10.31% | -33.32% | 1.46% | -22.82% | 17.52% | -2.55% | 8.69% | 65.50% | -41.99% | -2.55% |
KO The Coca-Cola Company | 18.82% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between CAG and KO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.38 |
The correlation between CAG and KO shifts across timeframes, from 0.38 (all time) to 0.50 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CAG:
$7.11B
KO:
$352.67B
CAG:
-$4.00
KO:
$3.18
CAG:
0.63
KO:
7.17
CAG:
1.12
KO:
10.51
CAG:
$11.28B
KO:
$49.28B
CAG:
$2.70B
KO:
$30.43B
CAG:
-$1.63B
KO:
$18.35B
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Return for Risk
CAG vs. KO — Risk / Return Rank
CAG
KO
CAG vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Conagra Brands, Inc. (CAG) 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.
| CAG | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.21 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.59 | -2.98 |
| Martin ratioReturn relative to average drawdown | -0.79 | 5.67 | -6.46 |
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Drawdowns
CAG vs. KO - Drawdown Comparison
The maximum CAG drawdown since its inception was -62.52%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for CAG and KO.
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Drawdown Indicators
| CAG | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.52% | -68.23% | +5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -35.58% | -7.87% | -27.71% |
Max Drawdown (3Y)Largest decline over 3 years | -56.66% | -16.26% | -40.40% |
Max Drawdown (5Y)Largest decline over 5 years | -62.52% | -17.27% | -45.25% |
Max Drawdown (10Y)Largest decline over 10 years | -62.52% | -36.99% | -25.53% |
Current DrawdownCurrent decline from peak | -55.76% | -3.47% | -52.29% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -16.06% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.74% | 3.60% | +14.14% |
Volatility
CAG vs. KO - Volatility Comparison
Conagra Brands, Inc. (CAG) has a higher volatility of 12.68% compared to The Coca-Cola Company (KO) at 7.79%. This indicates that CAG's price experiences larger fluctuations and is considered to be riskier 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
| CAG | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 7.79% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 24.14% | 14.19% | +9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.94% | 17.94% | +12.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 16.45% | +7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.51% | 18.37% | +8.14% |
Dividends
CAG vs. KO - Dividend Comparison
CAG's dividend yield for the trailing twelve months is around 9.43%, more than KO's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAG Conagra Brands, Inc. | 9.43% | 8.09% | 5.05% | 4.75% | 3.32% | 3.44% | 2.52% | 2.48% | 3.98% | 2.19% | 29.36% | 2.37% |
KO The Coca-Cola Company | 2.54% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
CAG vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Conagra Brands, 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
CAG vs. KO - Profitability Comparison
CAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Conagra Brands, Inc. reported a gross profit of 701.70M and revenue of 2.88B. Therefore, the gross margin over that period was 24.4%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
CAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Conagra Brands, Inc. reported an operating income of -2.63B and revenue of 2.88B, resulting in an operating margin of -91.2%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
CAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Conagra Brands, Inc. reported a net income of -1.62B and revenue of 2.88B, resulting in a net margin of -56.1%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
CAG and KO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAG has higher volatility (12.68%) compared to KO (7.79%). In terms of maximum drawdown, CAG dropped -62.52% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.14 vs -0.47), 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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