COKE vs. LQD
COKE (Coca-Cola Consolidated, Inc.) is a stock, while LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) is Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Over the past 10 years, COKE returned 31.72%/yr vs 2.41%/yr for LQD. At a 0.03 correlation, their price movements are largely independent.
Performance
COKE vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, COKE achieves a 16.99% return, which is significantly higher than LQD's -0.06% return. Over the past 10 years, COKE has outperformed LQD with an annualized return of 31.72%, while LQD has yielded a comparatively lower 2.41% annualized return.
COKE
- 1D
- -0.61%
- 1M
- 2.58%
- YTD
- 16.99%
- 6M
- 9.02%
- 1Y
- 65.74%
- 3Y*
- 40.58%
- 5Y*
- 33.34%
- 10Y*
- 31.72%
LQD
- 1D
- -0.10%
- 1M
- -0.67%
- YTD
- -0.06%
- 6M
- -0.06%
- 1Y
- 5.73%
- 3Y*
- 4.95%
- 5Y*
- -0.28%
- 10Y*
- 2.41%
COKE vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COKE Coca-Cola Consolidated, Inc. | 16.99% | 22.63% | 38.75% | 82.92% | -17.09% | 133.24% | -5.87% | 60.74% | -17.10% | 20.94% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | -0.06% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
Correlation
The correlation between COKE and LQD 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 | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | 0.03 |
The correlation between COKE and LQD shifts across timeframes, from 0.03 (all time) to 0.15 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
COKE vs. LQD — Risk / Return Rank
COKE
LQD
COKE vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca-Cola Consolidated, Inc. (COKE) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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.
| COKE | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.72 | +0.97 |
| Martin ratioReturn relative to average drawdown | 8.04 | 4.88 | +3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COKE | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.08 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | -0.03 | +0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.28 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.54 | -0.09 |
Drawdowns
COKE vs. LQD - Drawdown Comparison
The maximum COKE drawdown since its inception was -54.32%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for COKE and LQD.
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Drawdown Indicators
| COKE | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.32% | -24.95% | -29.37% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -3.34% | -21.22% |
Max Drawdown (3Y)Largest decline over 3 years | -27.38% | -8.43% | -18.95% |
Max Drawdown (5Y)Largest decline over 5 years | -35.52% | -24.95% | -10.57% |
Max Drawdown (10Y)Largest decline over 10 years | -51.71% | -24.95% | -26.76% |
Current DrawdownCurrent decline from peak | -17.46% | -4.21% | -13.25% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -3.99% | -14.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.20% | 1.18% | +7.02% |
Volatility
COKE vs. LQD - Volatility Comparison
Coca-Cola Consolidated, Inc. (COKE) has a higher volatility of 10.58% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.62%. This indicates that COKE's price experiences larger fluctuations and is considered to be riskier than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COKE | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 1.62% | +8.96% |
Volatility (6M)Calculated over the trailing 6-month period | 29.55% | 3.94% | +25.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.65% | 5.32% | +29.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.49% | 8.65% | +28.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.17% | 8.68% | +28.49% |
Dividends
COKE vs. LQD - Dividend Comparison
COKE's dividend yield for the trailing twelve months is around 0.56%, less than LQD's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COKE Coca-Cola Consolidated, Inc. | 0.56% | 0.65% | 1.59% | 0.54% | 0.20% | 0.16% | 0.38% | 0.35% | 0.56% | 0.46% | 0.56% | 0.55% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.59% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
COKE and LQD 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.
COKE has higher volatility (10.58%) compared to LQD (1.62%). In terms of maximum drawdown, COKE dropped -54.32% vs LQD's -24.95%.
COKE currently has the higher Sharpe Ratio (1.91 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.
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