CL vs. PEP
CL (Colgate-Palmolive Company) and PEP (PepsiCo, Inc.) are both stocks. Both are in the Consumer Defensive sector — CL in Household & Personal Products, PEP in Beverages - Non-Alcoholic. Over the past 10 years, CL returned 4.67%/yr vs 5.54%/yr for PEP. At a 0.39 correlation, their price movements are largely independent.
Performance
CL vs. PEP - Performance Comparison
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Returns By Period
In the year-to-date period, CL achieves a 19.42% return, which is significantly higher than PEP's -1.62% return. Over the past 10 years, CL has underperformed PEP with an annualized return of 4.67%, while PEP has yielded a comparatively higher 5.54% annualized return.
CL
- 1D
- 1.05%
- 1M
- 4.20%
- 6M
- 15.18%
- YTD
- 19.42%
- 1Y
- 6.68%
- 3Y*
- 9.39%
- 5Y*
- 4.75%
- 10Y*
- 4.67%
PEP
- 1D
- 0.81%
- 1M
- -4.01%
- 6M
- -0.12%
- YTD
- -1.62%
- 1Y
- 6.44%
- 3Y*
- -6.51%
- 5Y*
- 0.98%
- 10Y*
- 5.54%
CL vs. PEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CL Colgate-Palmolive Company | 19.42% | -10.98% | 16.57% | 3.78% | -5.44% | 2.08% | 27.17% | 18.60% | -19.19% | 17.88% |
PEP PepsiCo, Inc. | -1.62% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
Correlation
The correlation between CL and PEP is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 1978 | 0.39 |
The correlation between CL and PEP shifts across timeframes, from 0.39 (all time) to 0.62 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CL:
$74.59B
PEP:
$189.18B
CL:
$2.59
PEP:
$7.65
CL:
36.03
PEP:
18.11
CL:
9.31
PEP:
6.26
CL:
3.62
PEP:
1.96
CL:
517.54
PEP:
8.58
CL:
$20.80B
PEP:
$96.90B
CL:
$12.49B
PEP:
$52.29B
CL:
$3.92B
PEP:
$18.40B
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Return for Risk
CL vs. PEP — Risk / Return Rank
CL
PEP
CL vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Colgate-Palmolive Company (CL) and PepsiCo, Inc. (PEP). 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 | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.34 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.71 | 0.84 | -0.13 |
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Drawdowns
CL vs. PEP - Drawdown Comparison
The maximum CL drawdown since its inception was -58.91%, smaller than the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for CL and PEP.
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Drawdown Indicators
| CL | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.91% | -73.92% | +15.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.97% | -19.03% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -29.17% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -30.32% | +1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -29.05% | -30.32% | +1.27% |
Current DrawdownCurrent decline from peak | -10.70% | -21.05% | +10.35% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -13.66% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.53% | 7.65% | +1.88% |
Volatility
CL vs. PEP - Volatility Comparison
The current volatility for Colgate-Palmolive Company (CL) is 6.68%, while PepsiCo, Inc. (PEP) has a volatility of 8.37%. This indicates that CL experiences smaller price fluctuations and is considered to be less risky than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CL | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 8.37% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 17.28% | 16.23% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.18% | 22.60% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 18.68% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 19.80% | +0.02% |
Dividends
CL vs. PEP - Dividend Comparison
CL's dividend yield for the trailing twelve months is around 2.24%, less than PEP's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CL Colgate-Palmolive Company | 2.24% | 2.61% | 2.18% | 2.40% | 2.36% | 2.10% | 2.05% | 2.48% | 2.79% | 2.11% | 2.37% | 2.25% |
PEP PepsiCo, Inc. | 4.15% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
CL vs. PEP - Financials Comparison
This section allows you to compare key financial metrics between Colgate-Palmolive Company and PepsiCo, Inc.. 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. PEP - 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%.
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, PepsiCo, Inc. reported a gross profit of 13.11B and revenue of 24.18B. Therefore, the gross margin over that period was 54.2%.
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%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, PepsiCo, Inc. reported an operating income of 4.02B and revenue of 24.18B, resulting in an operating margin of 16.6%.
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%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, PepsiCo, Inc. reported a net income of 3.00B and revenue of 24.18B, resulting in a net margin of 12.4%.
Frequently Asked Questions
CL and PEP have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEP has higher volatility (8.37%) compared to CL (6.68%). In terms of maximum drawdown, CL dropped -58.91% vs PEP's -73.92%.
CL currently has the higher Sharpe Ratio (0.30 vs 0.29), 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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