COCO vs. CMG

Last updated Jun 3, 2026

COCO (The Vita Coco Company, Inc.) and CMG (Chipotle Mexican Grill, Inc.) are both stocks. COCO operates in Beverages - Non-Alcoholic (Consumer Defensive), while CMG operates in Restaurants (Consumer Cyclical). Over the past 3 years, COCO returned 41.02%/yr vs -10.81%/yr for CMG. At a 0.23 correlation, their price movements are largely independent.

Performance

COCO vs. CMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Vita Coco Company, Inc. (COCO) and Chipotle Mexican Grill, Inc. (CMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COCO achieves a 40.45% return, which is significantly higher than CMG's -20.92% return.

COCO

• 1D: -0.73%
• 1M: 11.54%
• YTD: 40.45%
• 6M: 36.23%
• 1Y: 112.59%
• 3Y*: 41.02%
• 5Y*: —
• 10Y*: —

CMG

• 1D: -4.22%
• 1M: -11.28%
• YTD: -20.92%
• 6M: -14.29%
• 1Y: -41.29%
• 3Y*: -10.81%
• 5Y*: 1.88%
• 10Y*: 12.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COCO vs. CMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
COCO The Vita Coco Company, Inc.	40.45%	43.62%	43.90%	85.60%	23.72%	-17.38%
CMG Chipotle Mexican Grill, Inc.	-20.92%	-38.64%	31.83%	64.83%	-20.64%	-5.18%

Correlation

The correlation between COCO and CMG is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021	0.23

The correlation between COCO and CMG shifts across timeframes, from 0.06 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap COCO : $4.50B CMG : $38.09B
EPS COCO : $1.38 CMG : $1.09
PE Ratio COCO : 53.96 CMG : 26.76
PEG Ratio COCO : 0.45 CMG : 1.00
PS Ratio COCO : 6.79 CMG : 3.20
PB Ratio COCO : 12.78 CMG : 15.82
Total Revenue (TTM) COCO : $658.62M CMG : $12.14B
Gross Profit (TTM) COCO : $246.32M CMG : $4.39B
EBITDA (TTM) COCO : $100.45M CMG : $2.30B

Return for Risk

COCO vs. CMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COCO

COCO Risk / Return Rank: 89
COCO Sharpe Ratio Rank: 89
COCO Sortino Ratio Rank: 87
COCO Omega Ratio Rank: 87
COCO Calmar Ratio Rank: 90
COCO Martin Ratio Rank: 91

CMG

CMG Risk / Return Rank: 7
CMG Sharpe Ratio Rank: 3
CMG Sortino Ratio Rank: 6
CMG Omega Ratio Rank: 5
CMG Calmar Ratio Rank: 8
CMG Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COCO vs. CMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Vita Coco Company, Inc. (COCO) and Chipotle Mexican Grill, Inc. (CMG). 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.

	COCO	CMG	Difference
Sharpe ratio Return per unit of total volatility	2.17	-1.08	+3.25
Sortino ratio Return per unit of downside risk	2.97	-1.45	+4.43
Omega ratio Gain probability vs. loss probability	1.39	0.80	+0.59
Calmar ratio Return relative to maximum drawdown	4.70	-0.84	+5.53
Martin ratio Return relative to average drawdown	13.21	-1.21	+14.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COCO vs. CMG - Sharpe Ratio Comparison

The current COCO Sharpe Ratio is 2.17, which is higher than the CMG Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of COCO and CMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COCO	CMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	-1.08	+3.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.49	+0.30

Drawdowns

COCO vs. CMG - Drawdown Comparison

The maximum COCO drawdown since its inception was -56.97%, smaller than the maximum CMG drawdown of -74.61%. Use the drawdown chart below to compare losses from any high point for COCO and CMG.

Drawdown Indicators

	COCO	CMG	Difference
Max Drawdown Largest peak-to-trough decline	-56.97%	-74.61%	+17.64%
Max Drawdown (1Y) Largest decline over 1 year	-23.23%	-49.76%	+26.53%
Max Drawdown (3Y) Largest decline over 3 years	-38.55%	-57.32%	+18.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-57.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.32%	—
Current Drawdown Current decline from peak	-6.03%	-57.32%	+51.29%
Average Drawdown Average peak-to-trough decline	-16.80%	-21.32%	+4.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.27%	34.33%	-26.06%

Volatility

COCO vs. CMG - Volatility Comparison

The Vita Coco Company, Inc. (COCO) and Chipotle Mexican Grill, Inc. (CMG) have volatilities of 9.94% and 9.64%, 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.

Volatility by Period

	COCO	CMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.94%	9.64%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	41.34%	22.88%	+18.46%
Volatility (1Y) Calculated over the trailing 1-year period	52.11%	38.38%	+13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.63%	33.50%	+23.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.63%	35.63%	+21.00%

Dividends

COCO vs. CMG - Dividend Comparison

Neither COCO nor CMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

COCO vs. CMG - Profitability Comparison

The chart below illustrates the profitability comparison between The Vita Coco Company, Inc. and Chipotle Mexican Grill, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

COCO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Vita Coco Company, Inc. reported a gross profit of 71.81M and revenue of 179.77M. Therefore, the gross margin over that period was 40.0%.

CMG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported a gross profit of 2.11B and revenue of 3.09B. Therefore, the gross margin over that period was 68.4%.

COCO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Vita Coco Company, Inc. reported an operating income of 33.58M and revenue of 179.77M, resulting in an operating margin of 18.7%.

CMG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported an operating income of 397.06M and revenue of 3.09B, resulting in an operating margin of 12.9%.

COCO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Vita Coco Company, Inc. reported a net income of 30.47M and revenue of 179.77M, resulting in a net margin of 17.0%.

CMG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported a net income of 302.82M and revenue of 3.09B, resulting in a net margin of 9.8%.

Frequently Asked Questions

Can I hold both COCO and CMG in my portfolio?

COCO and CMG have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COCO or CMG?

COCO has higher volatility (9.94%) compared to CMG (9.64%). In terms of maximum drawdown, COCO dropped -56.97% vs CMG's -74.61%.

Which has better risk-adjusted returns?

COCO currently has the higher Sharpe Ratio (2.17 vs -1.08), 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.