CL vs. KO
CL (Colgate-Palmolive Company) and KO (The Coca-Cola Company) are both stocks. Both are in the Consumer Defensive sector — CL in Household & Personal Products, KO in Beverages - Non-Alcoholic. Over the past 10 years, CL returned 4.43%/yr vs 9.54%/yr for KO. At a 0.42 correlation, their price movements are largely independent.
Performance
CL vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, CL achieves a 16.62% return, which is significantly lower than KO's 20.43% return. Over the past 10 years, CL has underperformed KO with an annualized return of 4.43%, while KO has yielded a comparatively higher 9.54% annualized return.
CL
- 1D
- -2.34%
- 1M
- 1.77%
- 6M
- 11.09%
- YTD
- 16.62%
- 1Y
- 5.04%
- 3Y*
- 8.53%
- 5Y*
- 4.16%
- 10Y*
- 4.43%
KO
- 1D
- -1.39%
- 1M
- 1.21%
- 6M
- 18.18%
- YTD
- 20.43%
- 1Y
- 22.98%
- 3Y*
- 14.22%
- 5Y*
- 11.28%
- 10Y*
- 9.54%
CL vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CL Colgate-Palmolive Company | 16.62% | -10.98% | 16.57% | 3.78% | -5.44% | 2.08% | 27.17% | 18.60% | -19.19% | 17.88% |
KO The Coca-Cola Company | 20.43% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between CL and KO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1977 | 0.42 |
Over the past year, CL and KO have become more correlated (0.62) than their long-term average of 0.42, meaning their price movements have been converging.
Fundamentals
CL:
$72.84B
KO:
$357.45B
CL:
$2.59
KO:
$3.18
CL:
35.18
KO:
26.16
CL:
9.09
KO:
3.16
CL:
3.53
KO:
7.27
CL:
505.44
KO:
10.66
CL:
$20.80B
KO:
$49.28B
CL:
$12.49B
KO:
$30.43B
CL:
$3.92B
KO:
$18.35B
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Return for Risk
CL vs. KO — Risk / Return Rank
CL
KO
CL vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Colgate-Palmolive Company (CL) 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.
| CL | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.24 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 2.93 | -2.64 |
| Martin ratioReturn relative to average drawdown | 0.54 | 6.41 | -5.87 |
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Drawdowns
CL vs. KO - Drawdown Comparison
The maximum CL drawdown since its inception was -58.91%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for CL and KO.
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Drawdown Indicators
| CL | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.91% | -68.23% | +9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -16.97% | -7.87% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -16.26% | -12.79% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -17.27% | -11.78% |
Max Drawdown (10Y)Largest decline over 10 years | -29.05% | -36.99% | +7.94% |
Current DrawdownCurrent decline from peak | -12.79% | -1.39% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -16.07% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.42% | 3.59% | +5.83% |
Volatility
CL vs. KO - Volatility Comparison
Colgate-Palmolive Company (CL) has a higher volatility of 7.11% compared to The Coca-Cola Company (KO) at 6.11%. This indicates that CL'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
| CL | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 6.11% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 17.45% | 13.33% | +4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.26% | 17.35% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 16.31% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.83% | 18.30% | +1.53% |
Dividends
CL vs. KO - Dividend Comparison
CL's dividend yield for the trailing twelve months is around 2.30%, less than KO's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CL Colgate-Palmolive Company | 2.30% | 2.61% | 2.18% | 2.40% | 2.36% | 2.10% | 2.05% | 2.48% | 2.79% | 2.11% | 2.37% | 2.25% |
KO The Coca-Cola Company | 2.50% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
CL vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Colgate-Palmolive Company 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
CL vs. KO - Profitability Comparison
CL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Colgate-Palmolive Company reported a gross profit of 3.23B and revenue of 5.32B. Therefore, the gross margin over that period was 60.6%.
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%.
CL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Colgate-Palmolive Company reported an operating income of 1.16B and revenue of 5.32B, resulting in an operating margin of 21.7%.
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%.
CL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Colgate-Palmolive Company reported a net income of 646.00M and revenue of 5.32B, resulting in a net margin of 12.1%.
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
CL and KO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CL has higher volatility (7.11%) compared to KO (6.11%). In terms of maximum drawdown, CL dropped -58.91% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.33 vs 0.23), 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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