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 14.45%/yr vs 9.70%/yr for KO. At a 0.40 correlation, their price movements are largely independent.
Performance
CCEP vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, CCEP achieves a 18.12% return, which is significantly lower than KO's 22.12% return. Over the past 10 years, CCEP has outperformed KO with an annualized return of 14.45%, while KO has yielded a comparatively lower 9.70% annualized return.
CCEP
- 1D
- 0.15%
- 1M
- 6.70%
- 6M
- 21.89%
- YTD
- 18.12%
- 1Y
- 13.93%
- 3Y*
- 20.73%
- 5Y*
- 14.82%
- 10Y*
- 14.45%
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%
CCEP vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCEP Coca-Cola European Partners plc | 18.12% | 21.20% | 18.35% | 24.50% | 2.33% | 15.61% | 0.48% | 13.85% | 18.58% | 30.72% |
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 CCEP and KO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1987 | 0.40 |
The correlation between CCEP and KO shifts across timeframes, from 0.40 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CCEP:
$46.98B
KO:
$362.48B
CCEP:
€7.47
KO:
$3.18
CCEP:
12.46
KO:
26.53
CCEP:
0.61
KO:
3.20
CCEP:
1.01
KO:
7.37
CCEP:
5.33
KO:
10.81
CCEP:
€41.26B
KO:
$49.28B
CCEP:
€14.63B
KO:
$30.43B
CCEP:
€6.87B
KO:
$18.35B
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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 | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 3.06 | -2.30 |
| Martin ratioReturn relative to average drawdown | 1.36 | 6.70 | -5.33 |
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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% | -16.26% | -1.96% |
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 | -2.99% | 0.00% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -24.31% | -16.07% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.23% | 3.59% | +6.64% |
Volatility
CCEP vs. KO - Volatility Comparison
Coca-Cola European Partners plc (CCEP) has a higher volatility of 7.15% compared to The Coca-Cola Company (KO) at 6.08%. This indicates that CCEP'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
| CCEP | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 6.08% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 17.16% | 13.32% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.23% | 17.32% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.28% | 16.32% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.32% | 18.30% | +8.02% |
Dividends
CCEP vs. KO - Dividend Comparison
CCEP's dividend yield for the trailing twelve months is around 2.25%, less than KO's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCEP Coca-Cola European Partners plc | 2.25% | 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 | 2.47% | 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 Jul 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 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%.
CCEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 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%.
CCEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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 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
CCEP and KO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCEP has higher volatility (7.15%) compared to KO (6.08%). In terms of maximum drawdown, CCEP dropped -79.40% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.39 vs 0.60), 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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