FMX vs. KO
FMX (Fomento Económico Mexicano, S.A.B. de C.V.) and KO (The Coca-Cola Company) are both stocks. Both are in the Consumer Defensive sector — FMX in Beverages - Brewers, KO in Beverages - Non-Alcoholic. Over the past 10 years, FMX returned 7.02%/yr vs 10.64%/yr for KO. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
FMX vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, FMX achieves a 34.27% return, which is significantly higher than KO's 26.97% return. Over the past 10 years, FMX has underperformed KO with an annualized return of 7.02%, while KO has yielded a comparatively higher 10.64% annualized return.
FMX
- 1D
- 0.97%
- 1M
- -0.15%
- 6M
- 25.66%
- YTD
- 34.27%
- 1Y
- 55.88%
- 3Y*
- 11.00%
- 5Y*
- 12.88%
- 10Y*
- 7.02%
- ALL TIME*
- 11.15%
KO
- 1D
- -1.02%
- 1M
- 4.10%
- 6M
- 18.65%
- YTD
- 26.97%
- 1Y
- 30.80%
- 3Y*
- 15.70%
- 5Y*
- 12.23%
- 10Y*
- 10.64%
- ALL TIME*
- 12.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $71.48M | $69.36M | $67.77M | |
| $1.49B | $1.47B | $1.44B |
FMX vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMX Fomento Económico Mexicano, S.A.B. de C.V. | 34.27% | 29.05% | -32.57% | 70.14% | 2.91% | 4.05% | -17.78% | 11.64% | -6.85% | 25.12% |
KO The Coca-Cola Company | 26.97% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between FMX and KO is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 11, 1998 | 0.28 |
The correlation between FMX and KO shifts across timeframes, from 0.08 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FMX:
$43.60B
KO:
$376.85B
FMX:
$6.70
KO:
$3.32
FMX:
19.10
KO:
26.39
FMX:
0.69
KO:
7.54
FMX:
0.35
KO:
10.45
FMX:
$48.38B
KO:
$50.13B
FMX:
$19.60B
KO:
$31.02B
FMX:
$5.71B
KO:
$19.57B
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Return for Risk
FMX vs. KO — Risk / Return Rank
FMX
KO
FMX vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fomento Económico Mexicano, S.A.B. de C.V. (FMX) 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.
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.
| FMX | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.32 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 4.17 | +0.46 |
| Martin ratioReturn relative to average drawdown | 17.36 | 9.09 | +8.27 |
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Drawdowns
FMX vs. KO - Drawdown Comparison
The maximum FMX drawdown since its inception was -61.02%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for FMX and KO.
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Drawdown Indicators
| FMX | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.02% | -68.23% | +7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -7.87% | -3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -41.26% | -15.50% | -25.76% |
Max Drawdown (5Y)Largest decline over 5 years | -41.26% | -17.27% | -23.99% |
Max Drawdown (10Y)Largest decline over 10 years | -45.45% | -36.99% | -8.46% |
Current DrawdownCurrent decline from peak | -3.15% | -1.67% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -18.67% | -16.06% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.60% | -0.35% |
Volatility
FMX vs. KO - Volatility Comparison
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has a higher volatility of 10.71% compared to The Coca-Cola Company (KO) at 9.09%. This indicates that FMX'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
| FMX | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 9.09% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 19.05% | 15.06% | +3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.79% | 18.66% | +7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 16.64% | +8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.97% | 18.42% | +8.55% |
Dividends
FMX vs. KO - Dividend Comparison
FMX's dividend yield for the trailing twelve months is around 6.57%, more than KO's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMX Fomento Económico Mexicano, S.A.B. de C.V. | 6.57% | 8.42% | 3.64% | 1.60% | 2.17% | 1.47% | 1.88% | 1.62% | 1.73% | 1.43% | 1.77% | 1.49% |
KO The Coca-Cola Company | 2.37% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
FMX vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Fomento Económico Mexicano, S.A.B. de C.V. 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
FMX vs. KO - Profitability Comparison
FMX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Fomento Económico Mexicano, S.A.B. de C.V. reported a gross profit of 5.30B and revenue of 13.22B. Therefore, the gross margin over that period was 40.1%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Coca-Cola Company reported a gross profit of 8.42B and revenue of 13.38B. Therefore, the gross margin over that period was 62.9%.
FMX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Fomento Económico Mexicano, S.A.B. de C.V. reported an operating income of 1.09B and revenue of 13.22B, resulting in an operating margin of 8.3%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Coca-Cola Company reported an operating income of 4.67B and revenue of 13.38B, resulting in an operating margin of 34.9%.
FMX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Fomento Económico Mexicano, S.A.B. de C.V. reported a net income of 316.67M and revenue of 13.22B, resulting in a net margin of 2.4%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Coca-Cola Company reported a net income of 4.43B and revenue of 13.38B, resulting in a net margin of 33.1%.
Frequently Asked Questions
FMX and KO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMX has higher volatility (10.71%) compared to KO (9.09%). In terms of maximum drawdown, FMX dropped -61.02% vs KO's -68.23%.
FMX currently has the higher Sharpe Ratio (2.08 vs 1.76), 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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