CCEP vs. KO
CCEP (Coca-Cola European Partners plc) and KO (The Coca-Cola Company) are both stocks. Both operate in the Beverages - Non-Alcoholic industry within the Consumer Defensive sector. Over the past 10 years, CCEP returned 14.70%/yr vs 10.64%/yr for KO. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
CCEP vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, CCEP achieves a 21.97% return, which is significantly lower than KO's 26.97% return. Over the past 10 years, CCEP has outperformed KO with an annualized return of 14.70%, while KO has yielded a comparatively lower 10.64% annualized return.
CCEP
- 1D
- -2.01%
- 1M
- 2.67%
- 6M
- 20.64%
- YTD
- 21.97%
- 1Y
- 15.54%
- 3Y*
- 23.58%
- 5Y*
- 15.65%
- 10Y*
- 14.70%
- ALL TIME*
- 9.83%
KO
- 1D
- -1.02%
- 1M
- 4.10%
- 6M
- 18.65%
- YTD
- 26.97%
- 1Y
- 30.80%
- 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) |
|---|---|---|---|
| $234.18M | $209.37M | $194.19M | |
| $1.49B | $1.47B | $1.44B |
CCEP vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCEP Coca-Cola European Partners plc | 21.97% | 21.20% | 18.35% | 24.50% | 2.33% | 15.61% | 0.48% | 13.85% | 18.58% | 30.72% |
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 CCEP and KO is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1987 | 0.41 |
The correlation between CCEP and KO shifts across timeframes, from 0.41 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CCEP:
$48.51B
KO:
$376.85B
CCEP:
€7.47
KO:
$3.32
CCEP:
12.73
KO:
26.39
CCEP:
0.63
KO:
3.18
CCEP:
1.03
KO:
7.54
CCEP:
5.45
KO:
10.45
CCEP:
€41.26B
KO:
$50.13B
CCEP:
€14.63B
KO:
$31.02B
CCEP:
€6.87B
KO:
$19.57B
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Return for Risk
CCEP vs. KO — Risk / Return Rank
CCEP
KO
CCEP vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca-Cola European Partners plc (CCEP) 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.
| CCEP | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 4.17 | -3.29 |
| Martin ratioReturn relative to average drawdown | 1.68 | 9.09 | -7.41 |
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Drawdowns
CCEP vs. KO - Drawdown Comparison
The maximum CCEP drawdown since its inception was -79.40%, which is greater than KO's maximum drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for CCEP and KO.
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Drawdown Indicators
| CCEP | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.40% | -68.23% | -11.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.22% | -7.87% | -10.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -15.50% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -17.27% | -11.72% |
Max Drawdown (10Y)Largest decline over 10 years | -48.76% | -36.99% | -11.77% |
Current DrawdownCurrent decline from peak | -2.01% | -1.67% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -24.28% | -16.06% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.52% | 3.60% | +5.92% |
Volatility
CCEP vs. KO - Volatility Comparison
The current volatility for Coca-Cola European Partners plc (CCEP) is 6.20%, while The Coca-Cola Company (KO) has a volatility of 9.09%. This indicates that CCEP 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
| CCEP | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 9.09% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 17.90% | 15.06% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.56% | 18.66% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.23% | 16.64% | +6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.36% | 18.42% | +7.94% |
Dividends
CCEP vs. KO - Dividend Comparison
CCEP's dividend yield for the trailing twelve months is around 2.18%, less than KO's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCEP Coca-Cola European Partners plc | 2.18% | 2.57% | 2.77% | 2.95% | 3.07% | 2.90% | 2.01% | 2.71% | 2.73% | 2.97% | 3.65% | 2.27% |
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
CCEP vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Coca-Cola European Partners plc 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
CCEP vs. KO - Profitability Comparison
CCEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Coca-Cola European Partners plc reported a gross profit of 3.71B and revenue of 10.55B. Therefore, the gross margin over that period was 35.2%.
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%.
CCEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Coca-Cola European Partners plc reported an operating income of 1.34B and revenue of 10.55B, resulting in an operating margin of 12.8%.
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%.
CCEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Coca-Cola European Partners plc reported a net income of 1.02B and revenue of 10.55B, resulting in a net margin of 9.7%.
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
CCEP and KO have a correlation of 0.60, 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 CCEP (6.20%). In terms of maximum drawdown, CCEP dropped -79.40% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.76 vs 0.68), 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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