DAVE vs. COCO

Last updated Jun 20, 2026

DAVE (Dave Inc.) and COCO (The Vita Coco Company, Inc.) are both stocks. DAVE operates in Software - Application (Technology), while COCO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 3 years, DAVE returned 280.67%/yr vs 42.82%/yr for COCO. At a 0.09 correlation, their price movements are largely independent.

Performance

DAVE vs. COCO - Performance Comparison

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

Returns By Period

In the year-to-date period, DAVE achieves a 42.02% return, which is significantly lower than COCO's 58.50% return.

DAVE

• 1D: 10.01%
• 1M: 37.63%
• YTD: 42.02%
• 6M: 46.08%
• 1Y: 49.02%
• 3Y*: 280.67%
• 5Y*: -0.15%
• 10Y*: —

COCO

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

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

DAVE vs. COCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAVE Dave Inc.	42.02%	154.73%	936.61%	-9.64%	-97.17%	3.22%
COCO The Vita Coco Company, Inc.	58.50%	43.62%	43.90%	85.60%	23.72%	-27.33%

Correlation

The correlation between DAVE and COCO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021	0.09

Fundamentals

Market Cap DAVE : $4.53B COCO : $5.08B
EPS DAVE : $15.54 COCO : $1.38
PE Ratio DAVE : 20.23 COCO : 60.89
PEG Ratio DAVE : 0.09 COCO : 0.51
PS Ratio DAVE : 8.26 COCO : 7.67
PB Ratio DAVE : 22.22 COCO : 14.43
Total Revenue (TTM) DAVE : $551.52M COCO : $658.62M
Gross Profit (TTM) DAVE : $427.68M COCO : $246.32M
EBITDA (TTM) DAVE : $165.95M COCO : $100.45M

Return for Risk

DAVE vs. COCO — Risk / Return Rank

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

DAVE

DAVE Risk / Return Rank: 65
DAVE Sharpe Ratio Rank: 67
DAVE Sortino Ratio Rank: 65
DAVE Omega Ratio Rank: 64
DAVE Calmar Ratio Rank: 67
DAVE Martin Ratio Rank: 64

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

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.

DAVE vs. COCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dave Inc. (DAVE) and The Vita Coco Company, Inc. (COCO). 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.

	DAVE	COCO	Difference
Sharpe ratio: Return per unit of total volatility	0.77	2.61	-1.84
Sortino ratio: Return per unit of downside risk	1.44	3.33	-1.89
Omega ratio: Gain probability vs. loss probability	1.18	1.44	-0.27
Calmar ratio: Return relative to maximum drawdown	1.27	5.86	-4.59
Martin ratio: Return relative to average drawdown	2.28	16.41	-14.13

DAVE vs. COCO - Sharpe Ratio Comparison

The current DAVE Sharpe Ratio is 0.77, which is lower than the COCO Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of DAVE and COCO, 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

DAVE vs. COCO - Drawdown Comparison

The maximum DAVE drawdown since its inception was -99.01%, which is greater than COCO's maximum drawdown of -56.97%. Use the drawdown chart below to compare losses from any high point for DAVE and COCO.

Drawdown Indicators

	DAVE	COCO	Difference
Max Drawdown Largest peak-to-trough decline	-99.01%	-56.97%	-42.04%
Max Drawdown (1Y) Largest decline over 1 year	-44.67%	-23.23%	-21.44%
Max Drawdown (3Y) Largest decline over 3 years	-44.67%	-38.55%	-6.12%
Max Drawdown (5Y) Largest decline over 5 years	-99.01%	—	—
Current Drawdown Current decline from peak	-31.28%	0.00%	-31.28%
Average Drawdown Average peak-to-trough decline	-68.81%	-16.76%	-52.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.86%	8.28%	+16.58%

Volatility

DAVE vs. COCO - Volatility Comparison

Dave Inc. (DAVE) has a higher volatility of 22.33% compared to The Vita Coco Company, Inc. (COCO) at 9.69%. This indicates that DAVE's price experiences larger fluctuations and is considered to be riskier than COCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAVE	COCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.33%	9.69%	+12.64%
Volatility (6M) Calculated over the trailing 6-month period	50.16%	41.61%	+8.55%
Volatility (1Y) Calculated over the trailing 1-year period	73.74%	52.25%	+21.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.67%	56.71%	+41.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.19%	56.71%	+40.48%

Dividends

DAVE vs. COCO - Dividend Comparison

Neither DAVE nor COCO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

DAVE vs. COCO - Profitability Comparison

The chart below illustrates the profitability comparison between Dave Inc. and The Vita Coco Company, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DAVE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dave Inc. reported a gross profit of 120.00M and revenue of 147.59M. Therefore, the gross margin over that period was 81.3%.

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%.

DAVE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dave Inc. reported an operating income of 21.15M and revenue of 147.59M, resulting in an operating margin of 14.3%.

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%.

DAVE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dave Inc. reported a net income of 57.94M and revenue of 147.59M, resulting in a net margin of 39.3%.

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%.

Frequently Asked Questions

Can I hold both DAVE and COCO in my portfolio?

DAVE and COCO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAVE or COCO?

DAVE has higher volatility (22.33%) compared to COCO (9.69%). In terms of maximum drawdown, DAVE dropped -99.01% vs COCO's -56.97%.

Which has better risk-adjusted returns?

COCO currently has the higher Sharpe Ratio (2.61 vs 0.77), 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.