COKE vs. MCD
COKE (Coca-Cola Consolidated, Inc.) and MCD (McDonald's Corporation) are both stocks. COKE operates in Beverages - Non-Alcoholic (Consumer Defensive), while MCD operates in Restaurants (Consumer Cyclical). Over the past 10 years, COKE returned 30.39%/yr vs 11.60%/yr for MCD. At a 0.18 correlation, their price movements are largely independent.
Performance
COKE vs. MCD - Performance Comparison
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Returns By Period
In the year-to-date period, COKE achieves a 21.80% return, which is significantly higher than MCD's -4.62% return. Over the past 10 years, COKE has outperformed MCD with an annualized return of 30.39%, while MCD has yielded a comparatively lower 11.60% annualized return.
COKE
- 1D
- 0.39%
- 1M
- 9.33%
- YTD
- 21.80%
- 6M
- 14.57%
- 1Y
- 74.97%
- 3Y*
- 43.18%
- 5Y*
- 36.56%
- 10Y*
- 30.39%
MCD
- 1D
- 0.63%
- 1M
- 4.88%
- YTD
- -4.62%
- 6M
- -7.31%
- 1Y
- -0.46%
- 3Y*
- 1.71%
- 5Y*
- 6.67%
- 10Y*
- 11.60%
COKE vs. MCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COKE Coca-Cola Consolidated, Inc. | 21.80% | 22.63% | 38.75% | 82.92% | -17.09% | 133.24% | -5.87% | 60.74% | -17.10% | 20.94% |
MCD McDonald's Corporation | -4.62% | 7.89% | 0.14% | 15.06% | 0.51% | 27.79% | 11.30% | 13.97% | 5.78% | 45.05% |
Correlation
The correlation between COKE and MCD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.18 |
The correlation between COKE and MCD shifts across timeframes, from 0.18 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
COKE:
$12.40B
MCD:
$205.44B
COKE:
$7.14
MCD:
$12.13
COKE:
26.09
MCD:
23.73
COKE:
0.54
MCD:
3.82
COKE:
2.01
MCD:
7.50
COKE:
$7.49B
MCD:
$27.45B
COKE:
$2.95B
MCD:
$12.10B
COKE:
$1.10B
MCD:
$14.46B
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Return for Risk
COKE vs. MCD — Risk / Return Rank
COKE
MCD
COKE vs. MCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca-Cola Consolidated, Inc. (COKE) and McDonald's Corporation (MCD). 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.
| COKE | MCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.01 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | -0.02 | +3.09 |
| Martin ratioReturn relative to average drawdown | 8.90 | -0.06 | +8.96 |
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Drawdowns
COKE vs. MCD - Drawdown Comparison
The maximum COKE drawdown since its inception was -54.32%, smaller than the maximum MCD drawdown of -73.20%. Use the drawdown chart below to compare losses from any high point for COKE and MCD.
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Drawdown Indicators
| COKE | MCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.32% | -73.20% | +18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -19.05% | -5.51% |
Max Drawdown (3Y)Largest decline over 3 years | -27.38% | -19.05% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -35.52% | -19.05% | -16.47% |
Max Drawdown (10Y)Largest decline over 10 years | -51.71% | -36.90% | -14.81% |
Current DrawdownCurrent decline from peak | -14.06% | -14.53% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -18.88% | -14.89% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 7.59% | +0.86% |
Volatility
COKE vs. MCD - Volatility Comparison
Coca-Cola Consolidated, Inc. (COKE) has a higher volatility of 9.55% compared to McDonald's Corporation (MCD) at 4.95%. This indicates that COKE's price experiences larger fluctuations and is considered to be riskier than MCD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COKE | MCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 4.95% | +4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 29.78% | 12.01% | +17.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.82% | 16.63% | +18.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.49% | 17.28% | +20.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.13% | 20.41% | +16.72% |
Dividends
COKE vs. MCD - Dividend Comparison
COKE's dividend yield for the trailing twelve months is around 0.54%, less than MCD's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COKE Coca-Cola Consolidated, Inc. | 0.54% | 0.65% | 1.59% | 0.54% | 0.20% | 0.16% | 0.38% | 0.35% | 0.56% | 0.46% | 0.56% | 0.55% |
MCD McDonald's Corporation | 2.55% | 2.35% | 2.34% | 2.10% | 2.15% | 1.96% | 2.35% | 2.39% | 2.36% | 2.23% | 2.97% | 2.91% |
Financials
COKE vs. MCD - Financials Comparison
This section allows you to compare key financial metrics between Coca-Cola Consolidated, Inc. and McDonald's Corporation. 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
COKE vs. MCD - Profitability Comparison
COKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coca-Cola Consolidated, Inc. reported a gross profit of 727.08M and revenue of 1.85B. Therefore, the gross margin over that period was 39.4%.
MCD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, McDonald's Corporation reported a gross profit of 0.00 and revenue of 6.52B. Therefore, the gross margin over that period was 0.0%.
COKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coca-Cola Consolidated, Inc. reported an operating income of 237.52M and revenue of 1.85B, resulting in an operating margin of 12.9%.
MCD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, McDonald's Corporation reported an operating income of 2.95B and revenue of 6.52B, resulting in an operating margin of 45.3%.
COKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coca-Cola Consolidated, Inc. reported a net income of 111.56M and revenue of 1.85B, resulting in a net margin of 6.0%.
MCD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, McDonald's Corporation reported a net income of 1.98B and revenue of 6.52B, resulting in a net margin of 30.4%.
Frequently Asked Questions
COKE and MCD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COKE has higher volatility (9.55%) compared to MCD (4.95%). In terms of maximum drawdown, COKE dropped -54.32% vs MCD's -73.20%.
COKE currently has the higher Sharpe Ratio (2.17 vs -0.03), 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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