JNJ vs. KO
JNJ (Johnson & Johnson) and KO (The Coca-Cola Company) are both stocks. JNJ operates in Drug Manufacturers - General (Healthcare), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, JNJ returned 10.61%/yr vs 9.63%/yr for KO. At a 0.41 correlation, their price movements are largely independent.
Performance
JNJ vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, JNJ achieves a 17.75% return, which is significantly higher than KO's 16.83% return. Over the past 10 years, JNJ has outperformed KO with an annualized return of 10.61%, while KO has yielded a comparatively lower 9.63% annualized return.
JNJ
- 1D
- 0.80%
- 1M
- 3.43%
- YTD
- 17.75%
- 6M
- 17.28%
- 1Y
- 62.31%
- 3Y*
- 16.71%
- 5Y*
- 11.06%
- 10Y*
- 10.61%
KO
- 1D
- 0.36%
- 1M
- -0.44%
- YTD
- 16.83%
- 6M
- 16.50%
- 1Y
- 18.05%
- 3Y*
- 12.89%
- 5Y*
- 11.46%
- 10Y*
- 9.63%
JNJ vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 17.75% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
KO The Coca-Cola Company | 16.83% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between JNJ and KO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1970 | 0.41 |
Fundamentals
JNJ:
$589.29B
KO:
$347.71B
JNJ:
$8.65
KO:
$3.18
JNJ:
27.87
KO:
25.38
JNJ:
0.93
KO:
3.06
JNJ:
6.08
KO:
7.05
JNJ:
7.26
KO:
10.34
JNJ:
$96.36B
KO:
$49.28B
JNJ:
$66.60B
KO:
$30.43B
JNJ:
$31.62B
KO:
$18.35B
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Return for Risk
JNJ vs. KO — Risk / Return Rank
JNJ
KO
JNJ vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Johnson & Johnson (JNJ) 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.
| JNJ | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.20 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 2.30 | +3.41 |
| Martin ratioReturn relative to average drawdown | 16.62 | 4.57 | +12.04 |
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Drawdowns
JNJ vs. KO - Drawdown Comparison
The maximum JNJ drawdown since its inception was -50.67%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for JNJ and KO.
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Drawdown Indicators
| JNJ | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.67% | -68.23% | +17.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | -7.87% | -3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -16.26% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -17.27% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -27.37% | -36.99% | +9.62% |
Current DrawdownCurrent decline from peak | -2.48% | -2.95% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -16.08% | +4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 3.96% | -0.20% |
Volatility
JNJ vs. KO - Volatility Comparison
Johnson & Johnson (JNJ) and The Coca-Cola Company (KO) have volatilities of 7.01% and 6.94%, 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.
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Volatility by Period
| JNJ | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 6.94% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 12.73% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.39% | 16.70% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 16.16% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.54% | 18.23% | +0.31% |
Dividends
JNJ vs. KO - Dividend Comparison
JNJ's dividend yield for the trailing twelve months is around 2.17%, less than KO's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 2.17% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
KO The Coca-Cola Company | 2.58% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
JNJ vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Johnson & Johnson 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
JNJ vs. KO - Profitability Comparison
JNJ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.
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%.
JNJ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.
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%.
JNJ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.
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
JNJ and KO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JNJ has higher volatility (7.01%) compared to KO (6.94%). In terms of maximum drawdown, JNJ dropped -50.67% vs KO's -68.23%.
JNJ currently has the higher Sharpe Ratio (3.60 vs 1.09), 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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