COCO vs. MPWR

Last updated Jun 20, 2026

COCO (The Vita Coco Company, Inc.) and MPWR (Monolithic Power Systems, Inc.) are both stocks. COCO operates in Beverages - Non-Alcoholic (Consumer Defensive), while MPWR operates in Semiconductors (Technology). Over the past 3 years, COCO returned 42.82%/yr vs 45.67%/yr for MPWR. At a 0.24 correlation, their price movements are largely independent.

Performance

COCO vs. MPWR - Performance Comparison

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

Returns By Period

In the year-to-date period, COCO achieves a 58.50% return, which is significantly lower than MPWR's 72.87% return.

COCO

• 1D: 0.45%
• 1M: 10.49%
• YTD: 58.50%
• 6M: 57.11%
• 1Y: 139.24%
• 3Y*: 42.82%
• 5Y*: —
• 10Y*: —

MPWR

• 1D: 7.97%
• 1M: 0.16%
• YTD: 72.87%
• 6M: 67.48%
• 1Y: 129.71%
• 3Y*: 45.67%
• 5Y*: 35.58%
• 10Y*: 37.89%

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

COCO vs. MPWR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
COCO The Vita Coco Company, Inc.	58.50%	43.62%	43.90%	85.60%	23.72%	-27.33%
MPWR Monolithic Power Systems, Inc.	72.87%	54.45%	-5.55%	79.78%	-27.78%	-1.41%

Correlation

The correlation between COCO and MPWR is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021	0.24

Fundamentals

Market Cap COCO : $5.08B MPWR : $77.00B
EPS COCO : $1.38 MPWR : $13.89
PE Ratio COCO : 60.89 MPWR : 112.56
PEG Ratio COCO : 0.51 MPWR : 1.42
PS Ratio COCO : 7.67 MPWR : 25.71
PB Ratio COCO : 14.43 MPWR : 20.94
Total Revenue (TTM) COCO : $658.62M MPWR : $2.96B
Gross Profit (TTM) COCO : $246.32M MPWR : $1.63B
EBITDA (TTM) COCO : $100.45M MPWR : $861.78M

Return for Risk

COCO vs. MPWR — Risk / Return Rank

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

COCO

COCO Risk / Return Rank: 93
COCO Sharpe Ratio Rank: 94
COCO Sortino Ratio Rank: 92
COCO Omega Ratio Rank: 92
COCO Calmar Ratio Rank: 94
COCO Martin Ratio Rank: 94

MPWR

MPWR Risk / Return Rank: 91
MPWR Sharpe Ratio Rank: 93
MPWR Sortino Ratio Rank: 89
MPWR Omega Ratio Rank: 88
MPWR Calmar Ratio Rank: 94
MPWR Martin Ratio Rank: 93

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. MPWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Vita Coco Company, Inc. (COCO) and Monolithic Power Systems, Inc. (MPWR). 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.

	COCO	MPWR	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.58	+0.03
Sortino ratio: Return per unit of downside risk	3.33	3.02	+0.31
Omega ratio: Gain probability vs. loss probability	1.44	1.38	+0.07
Calmar ratio: Return relative to maximum drawdown	5.86	5.70	+0.16
Martin ratio: Return relative to average drawdown	16.41	15.03	+1.38

COCO vs. MPWR - Sharpe Ratio Comparison

The current COCO Sharpe Ratio is 2.61, which is comparable to the MPWR Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of COCO and MPWR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COCO vs. MPWR - Drawdown Comparison

The maximum COCO drawdown since its inception was -56.97%, smaller than the maximum MPWR drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for COCO and MPWR.

Drawdown Indicators

	COCO	MPWR	Difference
Max Drawdown Largest peak-to-trough decline	-56.97%	-72.27%	+15.30%
Max Drawdown (1Y) Largest decline over 1 year	-23.23%	-22.45%	-0.78%
Max Drawdown (3Y) Largest decline over 3 years	-38.55%	-51.65%	+13.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-51.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.65%	—
Current Drawdown Current decline from peak	0.00%	-7.47%	+7.47%
Average Drawdown Average peak-to-trough decline	-16.76%	-17.70%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.28%	8.50%	-0.22%

Volatility

COCO vs. MPWR - Volatility Comparison

The current volatility for The Vita Coco Company, Inc. (COCO) is 9.69%, while Monolithic Power Systems, Inc. (MPWR) has a volatility of 23.80%. This indicates that COCO experiences smaller price fluctuations and is considered to be less risky than MPWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COCO	MPWR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.69%	23.80%	-14.11%
Volatility (6M) Calculated over the trailing 6-month period	41.61%	39.67%	+1.94%
Volatility (1Y) Calculated over the trailing 1-year period	52.25%	49.66%	+2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.71%	53.86%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.71%	47.43%	+9.28%

Dividends

COCO vs. MPWR - Dividend Comparison

COCO has not paid dividends to shareholders, while MPWR's dividend yield for the trailing twelve months is around 0.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COCO The Vita Coco Company, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MPWR Monolithic Power Systems, Inc.	0.43%	0.69%	0.85%	0.63%	0.85%	0.49%	0.55%	0.90%	1.03%	0.71%	0.98%	1.26%

Financials

COCO vs. MPWR - Profitability Comparison

The chart below illustrates the profitability comparison between The Vita Coco Company, Inc. and Monolithic Power Systems, 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%.

MPWR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a gross profit of 445.07M and revenue of 804.19M. Therefore, the gross margin over that period was 55.3%.

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%.

MPWR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported an operating income of 241.15M and revenue of 804.19M, resulting in an operating margin of 30.0%.

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%.

MPWR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a net income of 193.23M and revenue of 804.19M, resulting in a net margin of 24.0%.

Frequently Asked Questions

Can I hold both COCO and MPWR in my portfolio?

COCO and MPWR have a correlation of 0.14, 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 MPWR?

MPWR has higher volatility (23.80%) compared to COCO (9.69%). In terms of maximum drawdown, COCO dropped -56.97% vs MPWR's -72.27%.

Which has better risk-adjusted returns?

COCO currently has the higher Sharpe Ratio (2.61 vs 2.58), 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.