CCEP vs. PULS
CCEP (Coca-Cola European Partners plc) is a stock, while PULS (PGIM Ultra Short Bond ETF) is Ultrashort Bond fund actively managed by PGIM. Over the past 5 years, CCEP returned 13.46%/yr vs 4.14%/yr for PULS. At a 0.08 correlation, their price movements are largely independent.
Performance
CCEP vs. PULS - Performance Comparison
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Returns By Period
In the year-to-date period, CCEP achieves a 10.70% return, which is significantly higher than PULS's 1.88% return.
CCEP
- 1D
- 1.69%
- 1M
- 11.17%
- YTD
- 10.70%
- 6M
- 10.57%
- 1Y
- 9.85%
- 3Y*
- 18.61%
- 5Y*
- 13.46%
- 10Y*
- 13.47%
PULS
- 1D
- 0.04%
- 1M
- 0.38%
- YTD
- 1.88%
- 6M
- 2.10%
- 1Y
- 4.67%
- 3Y*
- 5.59%
- 5Y*
- 4.14%
- 10Y*
- —
CCEP vs. PULS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CCEP Coca-Cola European Partners plc | 10.70% | 21.20% | 18.35% | 24.50% | 2.33% | 15.61% | 0.48% | 13.85% | 12.49% |
PULS PGIM Ultra Short Bond ETF | 1.88% | 4.97% | 6.12% | 6.26% | 1.52% | 0.48% | 1.47% | 2.97% | 1.71% |
Correlation
The correlation between CCEP and PULS is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.08 |
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Return for Risk
CCEP vs. PULS — Risk / Return Rank
CCEP
PULS
CCEP vs. PULS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca-Cola European Partners plc (CCEP) and PGIM Ultra Short Bond ETF (PULS). 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 | PULS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.00 | ||
| Sortino ratioReturn per unit of downside risk | -32.22 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 7.59 | -6.50 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 52.47 | -51.97 |
| Martin ratioReturn relative to average drawdown | 0.90 | 317.38 | -316.48 |
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Drawdowns
CCEP vs. PULS - Drawdown Comparison
The maximum CCEP drawdown since its inception was -79.40%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for CCEP and PULS.
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Drawdown Indicators
| CCEP | PULS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.40% | -5.85% | -73.55% |
Max Drawdown (1Y)Largest decline over 1 year | -18.22% | -0.09% | -18.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -0.34% | -17.88% |
Max Drawdown (5Y)Largest decline over 5 years | -29.52% | -0.79% | -28.73% |
Max Drawdown (10Y)Largest decline over 10 years | -48.76% | — | — |
Current DrawdownCurrent decline from peak | -9.08% | 0.00% | -9.08% |
Average DrawdownAverage peak-to-trough decline | -24.34% | -0.09% | -24.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.03% | 0.01% | +10.02% |
Volatility
CCEP vs. PULS - Volatility Comparison
Coca-Cola European Partners plc (CCEP) has a higher volatility of 6.82% compared to PGIM Ultra Short Bond ETF (PULS) at 0.11%. This indicates that CCEP's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCEP | PULS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 0.11% | +6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.68% | 0.30% | +16.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.46% | 0.41% | +22.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.20% | 0.70% | +22.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 1.33% | +25.05% |
Dividends
CCEP vs. PULS - Dividend Comparison
CCEP's dividend yield for the trailing twelve months is around 2.41%, less than PULS's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCEP Coca-Cola European Partners plc | 2.41% | 2.57% | 2.77% | 2.95% | 3.07% | 2.90% | 2.01% | 2.71% | 2.73% | 2.97% | 3.65% | 2.27% |
PULS PGIM Ultra Short Bond ETF | 4.57% | 4.78% | 5.62% | 5.48% | 2.30% | 1.19% | 1.85% | 2.69% | 1.87% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CCEP and PULS have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCEP has higher volatility (6.82%) compared to PULS (0.11%). In terms of maximum drawdown, CCEP dropped -79.40% vs PULS's -5.85%.
PULS currently has the higher Sharpe Ratio (11.41 vs 0.40), 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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