KO vs. AJG
KO (The Coca-Cola Company) and AJG (Arthur J. Gallagher & Co.) are both stocks. KO operates in Beverages - Non-Alcoholic (Consumer Defensive), while AJG operates in Insurance Brokers (Financial Services). Over the past 10 years, KO returned 9.37%/yr vs 19.74%/yr for AJG. At a 0.24 correlation, their price movements are largely independent.
Performance
KO vs. AJG - Performance Comparison
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Returns By Period
In the year-to-date period, KO achieves a 19.04% return, which is significantly higher than AJG's -1.36% return. Over the past 10 years, KO has underperformed AJG with an annualized return of 9.37%, while AJG has yielded a comparatively higher 19.74% annualized return.
KO
- 1D
- 0.69%
- 1M
- 3.44%
- 6M
- 18.14%
- YTD
- 19.04%
- 1Y
- 20.90%
- 3Y*
- 12.83%
- 5Y*
- 10.98%
- 10Y*
- 9.37%
- ALL TIME*
- 12.17%
AJG
- 1D
- -0.09%
- 1M
- 18.50%
- 6M
- -1.25%
- YTD
- -1.36%
- 1Y
- -18.08%
- 3Y*
- 6.09%
- 5Y*
- 13.67%
- 10Y*
- 19.74%
- ALL TIME*
- 12.61%
KO vs. AJG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 19.04% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
AJG Arthur J. Gallagher & Co. | -1.36% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
Correlation
The correlation between KO and AJG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.24 |
The correlation between KO and AJG shifts across timeframes, from 0.14 (1 year) to 0.39 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
KO:
$353.32B
AJG:
$65.18B
KO:
$3.18
AJG:
$5.74
KO:
25.85
AJG:
44.21
KO:
3.12
AJG:
4.58
KO:
7.19
AJG:
4.74
KO:
$49.28B
AJG:
$13.94B
KO:
$30.43B
AJG:
$7.63B
KO:
$18.35B
AJG:
$3.66B
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Return for Risk
KO vs. AJG — Risk / Return Rank
KO
AJG
KO vs. AJG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and Arthur J. Gallagher & Co. (AJG). 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.
| KO | AJG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.91 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | -0.47 | +3.14 |
| Martin ratioReturn relative to average drawdown | 5.83 | -0.79 | +6.62 |
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Drawdowns
KO vs. AJG - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than AJG's maximum drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for KO and AJG.
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Drawdown Indicators
| KO | AJG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -57.49% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -38.59% | +30.72% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -44.40% | +28.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -44.40% | +27.13% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -44.40% | +7.41% |
Current DrawdownCurrent decline from peak | -3.30% | -26.31% | +23.01% |
Average DrawdownAverage peak-to-trough decline | -16.07% | -12.87% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 23.05% | -19.46% |
Volatility
KO vs. AJG - Volatility Comparison
The current volatility for The Coca-Cola Company (KO) is 7.83%, while Arthur J. Gallagher & Co. (AJG) has a volatility of 10.92%. This indicates that KO experiences smaller price fluctuations and is considered to be less risky than AJG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | AJG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 10.92% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 24.11% | -9.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 29.72% | -11.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 23.42% | -6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 23.24% | -4.87% |
Dividends
KO vs. AJG - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.53%, more than AJG's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.06% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
KO The Coca-Cola Company | 2.53% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
KO vs. AJG - Financials Comparison
This section allows you to compare key financial metrics between The Coca-Cola Company and Arthur J. Gallagher & Co.. 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
KO vs. AJG - Profitability Comparison
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
AJG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Arthur J. Gallagher & Co. reported a gross profit of 1.42B and revenue of 3.63B. Therefore, the gross margin over that period was 39.1%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
AJG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Arthur J. Gallagher & Co. reported an operating income of 341.00M and revenue of 3.63B, resulting in an operating margin of 9.4%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
AJG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Arthur J. Gallagher & Co. reported a net income of 151.00M and revenue of 3.63B, resulting in a net margin of 4.2%.
Frequently Asked Questions
KO and AJG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AJG has higher volatility (10.92%) compared to KO (7.83%). In terms of maximum drawdown, KO dropped -68.23% vs AJG's -57.49%.
KO currently has the higher Sharpe Ratio (1.17 vs -0.61), 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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