COKE vs. ^GSPC
Compare and contrast key facts about Coca-Cola Consolidated, Inc. (COKE) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COKE or ^GSPC.
Key characteristics
COKE | ^GSPC | |
---|---|---|
YTD Return | 2.43% | 11.05% |
1Y Return | 49.28% | 27.37% |
3Y Return (Ann) | 42.15% | 8.37% |
5Y Return (Ann) | 25.45% | 13.14% |
10Y Return (Ann) | 29.55% | 10.90% |
Sharpe Ratio | 1.47 | 2.49 |
Daily Std Dev | 33.66% | 11.59% |
Max Drawdown | -68.36% | -56.78% |
Current Drawdown | -7.62% | -0.21% |
Correlation
The correlation between COKE and ^GSPC is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
COKE vs. ^GSPC - Performance Comparison
In the year-to-date period, COKE achieves a 2.43% return, which is significantly lower than ^GSPC's 11.05% return. Over the past 10 years, COKE has outperformed ^GSPC with an annualized return of 29.55%, while ^GSPC has yielded a comparatively lower 10.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
COKE vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca-Cola Consolidated, Inc. (COKE) and S&P 500 (^GSPC). 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.
Drawdowns
COKE vs. ^GSPC - Drawdown Comparison
The maximum COKE drawdown since its inception was -68.36%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for COKE and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
COKE vs. ^GSPC - Volatility Comparison
Coca-Cola Consolidated, Inc. (COKE) has a higher volatility of 18.43% compared to S&P 500 (^GSPC) at 3.40%. This indicates that COKE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.