FIZZ vs. KO
FIZZ (National Beverage Corp.) and KO (The Coca-Cola Company) are both stocks. Both operate in the Beverages - Non-Alcoholic industry within the Consumer Defensive sector. Over the past 10 years, FIZZ returned 5.07%/yr vs 8.76%/yr for KO. At a 0.19 correlation, their price movements are largely independent.
Performance
FIZZ vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, FIZZ achieves a 8.91% return, which is significantly lower than KO's 10.64% return. Over the past 10 years, FIZZ has underperformed KO with an annualized return of 5.07%, while KO has yielded a comparatively higher 8.76% annualized return.
FIZZ
- 1D
- -3.34%
- 1M
- -0.54%
- YTD
- 8.91%
- 6M
- -0.03%
- 1Y
- -24.35%
- 3Y*
- -8.39%
- 5Y*
- -4.51%
- 10Y*
- 5.07%
KO
- 1D
- -2.46%
- 1M
- -2.12%
- YTD
- 10.64%
- 6M
- 9.79%
- 1Y
- 10.76%
- 3Y*
- 11.41%
- 5Y*
- 9.65%
- 10Y*
- 8.76%
FIZZ vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIZZ National Beverage Corp. | 8.91% | -25.26% | -8.04% | 6.86% | 2.65% | 13.39% | 77.14% | -28.91% | -23.92% | 93.79% |
KO The Coca-Cola Company | 10.64% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between FIZZ and KO 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 | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 1991 | 0.19 |
The correlation between FIZZ and KO shifts across timeframes, from 0.19 (all time) to 0.36 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
FIZZ:
$3.25B
KO:
$331.40B
FIZZ:
$2.01
KO:
$3.18
FIZZ:
17.30
KO:
24.19
FIZZ:
6.60
KO:
2.92
FIZZ:
2.72
KO:
6.72
FIZZ:
5.50
KO:
9.85
FIZZ:
$1.20B
KO:
$49.28B
FIZZ:
$447.46M
KO:
$30.43B
FIZZ:
$253.94M
KO:
$18.35B
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Return for Risk
FIZZ vs. KO — Risk / Return Rank
FIZZ
KO
FIZZ vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Beverage Corp. (FIZZ) 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.
| FIZZ | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.12 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 1.37 | -2.10 |
| Martin ratioReturn relative to average drawdown | -1.04 | 2.68 | -3.72 |
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
| FIZZ | KO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 0.67 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.60 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.48 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.53 | -0.24 |
Drawdowns
FIZZ vs. KO - Drawdown Comparison
The maximum FIZZ drawdown since its inception was -69.59%, roughly equal to the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for FIZZ and KO.
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Drawdown Indicators
| FIZZ | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.59% | -68.23% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -33.61% | -7.89% | -25.72% |
Max Drawdown (3Y)Largest decline over 3 years | -40.08% | -16.26% | -23.82% |
Max Drawdown (5Y)Largest decline over 5 years | -43.05% | -17.27% | -25.78% |
Max Drawdown (10Y)Largest decline over 10 years | -69.59% | -36.99% | -32.60% |
Current DrawdownCurrent decline from peak | -56.46% | -6.23% | -50.23% |
Average DrawdownAverage peak-to-trough decline | -28.54% | -16.09% | -12.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.52% | 4.02% | +19.50% |
Volatility
FIZZ vs. KO - Volatility Comparison
National Beverage Corp. (FIZZ) has a higher volatility of 7.88% compared to The Coca-Cola Company (KO) at 4.85%. This indicates that FIZZ'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
| FIZZ | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 4.85% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 11.92% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 16.01% | +10.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.90% | 16.04% | +13.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.61% | 18.17% | +21.44% |
Dividends
FIZZ vs. KO - Dividend Comparison
FIZZ has not paid dividends to shareholders, while KO's dividend yield for the trailing twelve months is around 2.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIZZ National Beverage Corp. | 0.00% | 0.00% | 7.62% | 0.00% | 0.00% | 6.62% | 7.07% | 0.00% | 4.04% | 1.54% | 2.94% | 0.00% |
KO The Coca-Cola Company | 2.68% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
FIZZ vs. KO - Financials Comparison
This section allows you to compare key financial metrics between National Beverage Corp. 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
FIZZ vs. KO - Profitability Comparison
FIZZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Beverage Corp. reported a gross profit of 99.60M and revenue of 264.59M. Therefore, the gross margin over that period was 37.7%.
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%.
FIZZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Beverage Corp. reported an operating income of 51.15M and revenue of 264.59M, resulting in an operating margin of 19.3%.
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%.
FIZZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Beverage Corp. reported a net income of 41.21M and revenue of 264.59M, resulting in a net margin of 15.6%.
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
FIZZ and KO 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.
FIZZ has higher volatility (7.88%) compared to KO (4.85%). In terms of maximum drawdown, FIZZ dropped -69.59% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (0.67 vs -0.93), 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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