COKE vs. SPTE

Last updated Jul 17, 2026

COKE (Coca-Cola Consolidated, Inc.) is a stock, while SPTE (SP Funds S&P Global Technology ETF) is Technology Equities fund tracking the S&P Global 1200 Shariah Information Technology Capped Index. Over the past year, COKE returned 65.69% vs 45.79% for SPTE. At a 0.03 correlation, their price movements are largely independent.

Performance

COKE vs. SPTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coca-Cola Consolidated, Inc. (COKE) and SP Funds S&P Global Technology ETF (SPTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COKE achieves a 19.37% return, which is significantly lower than SPTE's 29.96% return.

COKE

• 1D: 3.07%
• 1M: -1.99%
• 6M: 21.31%
• YTD: 19.37%
• 1Y: 65.69%
• 3Y*: 43.79%
• 5Y*: 35.72%
• 10Y*: 29.74%

SPTE

• 1D: -1.95%
• 1M: -3.98%
• 6M: 24.98%
• YTD: 29.96%
• 1Y: 45.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COKE vs. SPTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COKE Coca-Cola Consolidated, Inc.	19.37%	22.63%	38.75%	26.40%
SPTE SP Funds S&P Global Technology ETF	29.96%	26.37%	33.28%	5.52%

Correlation

The correlation between COKE and SPTE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.03

The correlation between COKE and SPTE shifts across timeframes, from -0.14 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

COKE vs. SPTE — Risk / Return Rank

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

COKE

COKE Risk / Return Rank: 85
COKE Sharpe Ratio Rank: 89
COKE Sortino Ratio Rank: 83
COKE Omega Ratio Rank: 86
COKE Calmar Ratio Rank: 84
COKE Martin Ratio Rank: 85

SPTE

SPTE Risk / Return Rank: 69
SPTE Sharpe Ratio Rank: 69
SPTE Sortino Ratio Rank: 61
SPTE Omega Ratio Rank: 62
SPTE Calmar Ratio Rank: 80
SPTE Martin Ratio Rank: 72

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.

COKE vs. SPTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coca-Cola Consolidated, Inc. (COKE) and SP Funds S&P Global Technology ETF (SPTE). 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	SPTE	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.78	+0.07
Sortino ratio: Return per unit of downside risk	2.22	2.31	-0.09
Omega ratio: Gain probability vs. loss probability	1.33	1.30	+0.03
Calmar ratio: Return relative to maximum drawdown	2.69	3.33	-0.64
Martin ratio: Return relative to average drawdown	6.92	10.49	-3.57

COKE vs. SPTE - Sharpe Ratio Comparison

The current COKE Sharpe Ratio is 1.85, which is comparable to the SPTE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of COKE and SPTE, 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

COKE vs. SPTE - Drawdown Comparison

The maximum COKE drawdown since its inception was -54.32%, which is greater than SPTE's maximum drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for COKE and SPTE.

Drawdown Indicators

	COKE	SPTE	Difference
Max Drawdown Largest peak-to-trough decline	-54.32%	-25.55%	-28.77%
Max Drawdown (1Y) Largest decline over 1 year	-24.56%	-13.80%	-10.76%
Max Drawdown (3Y) Largest decline over 3 years	-27.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.71%	—	—
Current Drawdown Current decline from peak	-15.78%	-9.46%	-6.32%
Average Drawdown Average peak-to-trough decline	-18.87%	-4.16%	-14.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.52%	4.38%	+5.14%

Volatility

COKE vs. SPTE - Volatility Comparison

Coca-Cola Consolidated, Inc. (COKE) and SP Funds S&P Global Technology ETF (SPTE) have volatilities of 11.02% and 10.74%, 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

	COKE	SPTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.02%	10.74%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	30.99%	22.43%	+8.56%
Volatility (1Y) Calculated over the trailing 1-year period	35.79%	25.85%	+9.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.71%	26.80%	+10.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.24%	26.80%	+10.44%

Dividends

COKE vs. SPTE - Dividend Comparison

COKE's dividend yield for the trailing twelve months is around 0.55%, less than SPTE's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COKE Coca-Cola Consolidated, Inc.	0.55%	0.65%	1.59%	0.54%	0.20%	0.16%	0.38%	0.35%	0.56%	0.46%	0.56%	0.55%
SPTE SP Funds S&P Global Technology ETF	0.74%	0.96%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COKE and SPTE in my portfolio?

COKE and SPTE 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, COKE or SPTE?

COKE has higher volatility (11.02%) compared to SPTE (10.74%). In terms of maximum drawdown, COKE dropped -54.32% vs SPTE's -25.55%.

Which has better risk-adjusted returns?

COKE currently has the higher Sharpe Ratio (1.85 vs 1.78), 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.