CAKE vs. KO
CAKE (The Cheesecake Factory Incorporated) and KO (The Coca-Cola Company) are both stocks. CAKE operates in Restaurants (Consumer Cyclical), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, CAKE returned 7.12%/yr vs 9.70%/yr for KO. At a 0.21 correlation, their price movements are largely independent.
Performance
CAKE vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, CAKE achieves a 63.92% return, which is significantly higher than KO's 22.12% return. Over the past 10 years, CAKE has underperformed KO with an annualized return of 7.12%, while KO has yielded a comparatively higher 9.70% annualized return.
CAKE
- 1D
- -0.98%
- 1M
- 8.86%
- 6M
- 38.10%
- YTD
- 63.92%
- 1Y
- 29.05%
- 3Y*
- 35.07%
- 5Y*
- 11.86%
- 10Y*
- 7.12%
KO
- 1D
- 0.91%
- 1M
- 2.63%
- 6M
- 21.10%
- YTD
- 22.12%
- 1Y
- 24.00%
- 3Y*
- 14.75%
- 5Y*
- 11.67%
- 10Y*
- 9.70%
CAKE vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAKE The Cheesecake Factory Incorporated | 63.92% | 8.61% | 39.33% | 14.01% | -17.02% | 5.64% | -3.53% | -7.82% | -7.44% | -17.83% |
KO The Coca-Cola Company | 22.12% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between CAKE and KO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 1992 | 0.21 |
The correlation between CAKE and KO shifts across timeframes, from 0.10 (3 years) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CAKE:
$4.07B
KO:
$362.48B
CAKE:
$2.68
KO:
$3.18
CAKE:
30.55
KO:
26.53
CAKE:
0.68
KO:
3.20
CAKE:
1.35
KO:
7.37
CAKE:
$1.96B
KO:
$49.28B
CAKE:
$1.54B
KO:
$30.43B
CAKE:
$161.36M
KO:
$18.35B
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Return for Risk
CAKE vs. KO — Risk / Return Rank
CAKE
KO
CAKE vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Cheesecake Factory Incorporated (CAKE) 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.
| CAKE | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 3.06 | -2.26 |
| Martin ratioReturn relative to average drawdown | 1.76 | 6.70 | -4.93 |
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Drawdowns
CAKE vs. KO - Drawdown Comparison
The maximum CAKE drawdown since its inception was -86.17%, which is greater than KO's maximum drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for CAKE and KO.
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Drawdown Indicators
| CAKE | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.17% | -68.23% | -17.94% |
Max Drawdown (1Y)Largest decline over 1 year | -36.39% | -7.87% | -28.52% |
Max Drawdown (3Y)Largest decline over 3 years | -36.39% | -16.26% | -20.13% |
Max Drawdown (5Y)Largest decline over 5 years | -51.58% | -17.27% | -34.31% |
Max Drawdown (10Y)Largest decline over 10 years | -75.50% | -36.99% | -38.51% |
Current DrawdownCurrent decline from peak | -0.98% | 0.00% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -22.77% | -16.07% | -6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.52% | 3.59% | +12.93% |
Volatility
CAKE vs. KO - Volatility Comparison
The Cheesecake Factory Incorporated (CAKE) has a higher volatility of 10.23% compared to The Coca-Cola Company (KO) at 6.08%. This indicates that CAKE'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
| CAKE | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.23% | 6.08% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 26.10% | 13.32% | +12.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.00% | 17.32% | +17.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.07% | 16.32% | +23.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.55% | 18.30% | +26.25% |
Dividends
CAKE vs. KO - Dividend Comparison
CAKE's dividend yield for the trailing twelve months is around 1.39%, less than KO's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAKE The Cheesecake Factory Incorporated | 1.39% | 2.14% | 2.28% | 3.08% | 2.55% | 0.00% | 0.97% | 3.55% | 2.85% | 2.20% | 1.47% | 1.58% |
KO The Coca-Cola Company | 2.47% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
CAKE vs. KO - Financials Comparison
This section allows you to compare key financial metrics between The Cheesecake Factory Incorporated 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
CAKE vs. KO - Profitability Comparison
CAKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, The Cheesecake Factory Incorporated reported a gross profit of -677.61M and revenue of -867.20M. Therefore, the gross margin over that period was 78.1%.
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%.
CAKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Cheesecake Factory Incorporated reported an operating income of -91.92M and revenue of -867.20M, resulting in an operating margin of 10.6%.
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%.
CAKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Cheesecake Factory Incorporated reported a net income of -28.78M and revenue of -867.20M, resulting in a net margin of 3.3%.
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
CAKE and KO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAKE has higher volatility (10.23%) compared to KO (6.08%). In terms of maximum drawdown, CAKE dropped -86.17% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.39 vs 0.84), 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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