DOW vs. KO
DOW (Dow Inc.) and KO (The Coca-Cola Company) are both stocks. DOW operates in Chemicals (Basic Materials), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 5 years, DOW returned -8.18%/yr vs 10.72%/yr for KO. At a 0.26 correlation, their price movements are largely independent.
Performance
DOW vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, DOW achieves a 49.52% return, which is significantly higher than KO's 14.56% return.
DOW
- 1D
- 0.68%
- 1M
- -6.30%
- YTD
- 49.52%
- 6M
- 52.92%
- 1Y
- 26.06%
- 3Y*
- -7.69%
- 5Y*
- -8.18%
- 10Y*
- —
KO
- 1D
- 0.08%
- 1M
- 1.43%
- YTD
- 14.56%
- 6M
- 14.00%
- 1Y
- 14.71%
- 3Y*
- 12.88%
- 5Y*
- 10.72%
- 10Y*
- 8.99%
DOW vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DOW Dow Inc. | 49.52% | -37.38% | -22.79% | 14.71% | -6.65% | 6.81% | 7.88% | 14.82% |
KO The Coca-Cola Company | 14.56% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 24.33% |
Correlation
The correlation between DOW and KO 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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019 | 0.26 |
The correlation between DOW and KO shifts across timeframes, from -0.03 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DOW:
$24.67B
KO:
$343.14B
DOW:
-$3.86
KO:
$3.18
DOW:
0.62
KO:
6.96
DOW:
1.62
KO:
10.20
DOW:
$39.33B
KO:
$49.28B
DOW:
$2.42B
KO:
$30.43B
DOW:
$840.00M
KO:
$18.35B
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Return for Risk
DOW vs. KO — Risk / Return Rank
DOW
KO
DOW vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Inc. (DOW) and The Coca-Cola Company (KO). 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.
| DOW | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.16 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.87 | -1.06 |
| Martin ratioReturn relative to average drawdown | 1.54 | 3.66 | -2.11 |
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
| DOW | KO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.90 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.67 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.53 | -0.52 |
Drawdowns
DOW vs. KO - Drawdown Comparison
The maximum DOW drawdown since its inception was -64.37%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for DOW and KO.
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Drawdown Indicators
| DOW | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.37% | -68.23% | +3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -32.02% | -7.89% | -24.13% |
Max Drawdown (3Y)Largest decline over 3 years | -62.16% | -16.26% | -45.90% |
Max Drawdown (5Y)Largest decline over 5 years | -64.37% | -17.27% | -47.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.99% | — |
Current DrawdownCurrent decline from peak | -38.56% | -2.91% | -35.65% |
Average DrawdownAverage peak-to-trough decline | -22.75% | -16.09% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.93% | 4.03% | +12.90% |
Volatility
DOW vs. KO - Volatility Comparison
Dow Inc. (DOW) has a higher volatility of 9.44% compared to The Coca-Cola Company (KO) at 5.81%. This indicates that DOW's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOW | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.44% | 5.81% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 12.37% | +20.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.50% | 16.37% | +33.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.52% | 16.10% | +17.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.65% | 18.21% | +20.44% |
Dividends
DOW vs. KO - Dividend Comparison
DOW's dividend yield for the trailing twelve months is around 4.09%, more than KO's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOW Dow Inc. | 4.09% | 8.98% | 6.98% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% |
KO The Coca-Cola Company | 2.59% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
DOW vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Dow Inc. and The Coca-Cola Company. 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
DOW vs. KO - Profitability Comparison
DOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dow Inc. reported a gross profit of 640.00M and revenue of 9.79B. Therefore, the gross margin over that period was 6.5%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a gross profit of 7.85B and revenue of 12.47B. Therefore, the gross margin over that period was 63.0%.
DOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dow Inc. reported an operating income of -31.00M and revenue of 9.79B, resulting in an operating margin of -0.3%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported an operating income of 4.36B and revenue of 12.47B, resulting in an operating margin of 35.0%.
DOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dow Inc. reported a net income of -445.00M and revenue of 9.79B, resulting in a net margin of -4.5%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a net income of 3.92B and revenue of 12.47B, resulting in a net margin of 31.5%.
Frequently Asked Questions
DOW and KO 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.
DOW has higher volatility (9.44%) compared to KO (5.81%). In terms of maximum drawdown, DOW dropped -64.37% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (0.90 vs 0.53), 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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