CCH.L vs. PQVG.L
CCH.L (Coca Cola HBC AG) is a stock, while PQVG.L (Invesco S&P 500 QVM UCITS ETF) is S&P 500 fund tracking the S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return). Over the past 5 years, CCH.L returned 16.07%/yr vs 15.27%/yr for PQVG.L. At a 0.28 correlation, their price movements are largely independent.
Performance
CCH.L vs. PQVG.L - Performance Comparison
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Returns By Period
In the year-to-date period, CCH.L achieves a 31.04% return, which is significantly higher than PQVG.L's 16.75% return.
CCH.L
- 1D
- 0.33%
- 1M
- 8.19%
- 6M
- 28.43%
- YTD
- 31.04%
- 1Y
- 25.49%
- 3Y*
- 30.59%
- 5Y*
- 16.07%
- 10Y*
- 15.34%
- ALL TIME*
- 11.23%
PQVG.L
- 1D
- 1.87%
- 1M
- -4.08%
- 6M
- 15.02%
- YTD
- 16.75%
- 1Y
- 22.91%
- 3Y*
- 20.16%
- 5Y*
- 15.27%
- 10Y*
- —
- ALL TIME*
- 11.12%
CCH.L vs. PQVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCH.L Coca Cola HBC AG | 31.04% | 43.91% | 22.14% | 20.08% | -19.68% | 10.15% | -4.69% | 11.09% | 3.27% | 12.01% |
PQVG.L Invesco S&P 500 QVM UCITS ETF | 16.75% | 5.84% | 32.29% | 0.98% | 12.54% | 27.78% | 4.44% | 21.16% | -1.98% | -10.66% |
Correlation
The correlation between CCH.L and PQVG.L 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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 18, 2017 | 0.28 |
The correlation between CCH.L and PQVG.L shifts across timeframes, from 0.14 (3 years) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CCH.L vs. PQVG.L — Risk / Return Rank
CCH.L
PQVG.L
CCH.L vs. PQVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca Cola HBC AG (CCH.L) and Invesco S&P 500 QVM UCITS ETF (PQVG.L). 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.
| CCH.L | PQVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 3.06 | -1.65 |
| Martin ratioReturn relative to average drawdown | 2.91 | 12.12 | -9.21 |
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Drawdowns
CCH.L vs. PQVG.L - Drawdown Comparison
The maximum CCH.L drawdown since its inception was -48.45%, which is greater than PQVG.L's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for CCH.L and PQVG.L.
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Drawdown Indicators
| CCH.L | PQVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -25.88% | -22.57% |
Max Drawdown (1Y)Largest decline over 1 year | -18.05% | -7.46% | -10.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -17.44% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -47.54% | -17.44% | -30.10% |
Max Drawdown (10Y)Largest decline over 10 years | -48.45% | — | — |
Current DrawdownCurrent decline from peak | -4.95% | -5.24% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -5.78% | -8.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.33% | 1.89% | +6.44% |
Volatility
CCH.L vs. PQVG.L - Volatility Comparison
Coca Cola HBC AG (CCH.L) and Invesco S&P 500 QVM UCITS ETF (PQVG.L) have volatilities of 7.66% and 7.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCH.L | PQVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 7.69% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 17.13% | 10.89% | +6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 12.87% | +10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.05% | 15.14% | +8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.13% | 17.99% | +8.14% |
Dividends
CCH.L vs. PQVG.L - Dividend Comparison
CCH.L's dividend yield for the trailing twelve months is around 2.08%, more than PQVG.L's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCH.L Coca Cola HBC AG | 2.08% | 2.33% | 2.96% | 2.94% | 3.60% | 2.50% | 2.35% | 6.99% | 1.95% | 1.60% | 1.88% | 1.76% |
PQVG.L Invesco S&P 500 QVM UCITS ETF | 0.81% | 0.83% | 0.82% | 1.61% | 1.77% | 0.88% | 1.59% | 1.41% | 1.30% | 0.72% | 0.00% | 0.00% |
Frequently Asked Questions
CCH.L and PQVG.L 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.
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