KO vs. AWK
KO (The Coca-Cola Company) and AWK (American Water Works Company, Inc.) are both stocks. KO operates in Beverages - Non-Alcoholic (Consumer Defensive), while AWK operates in Utilities - Regulated Water (Utilities). Over the past 10 years, KO returned 9.55%/yr vs 7.02%/yr for AWK. At a 0.41 correlation, their price movements are largely independent.
Performance
KO vs. AWK - Performance Comparison
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Returns By Period
In the year-to-date period, KO achieves a 18.99% return, which is significantly higher than AWK's -1.86% return. Over the past 10 years, KO has outperformed AWK with an annualized return of 9.55%, while AWK has yielded a comparatively lower 7.02% annualized return.
KO
- 1D
- 0.11%
- 1M
- 2.94%
- YTD
- 18.99%
- 6M
- 17.96%
- 1Y
- 17.68%
- 3Y*
- 14.33%
- 5Y*
- 11.29%
- 10Y*
- 9.55%
AWK
- 1D
- 1.49%
- 1M
- -0.83%
- YTD
- -1.86%
- 6M
- -2.64%
- 1Y
- -8.27%
- 3Y*
- -2.50%
- 5Y*
- -2.65%
- 10Y*
- 7.02%
KO vs. AWK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 18.99% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
AWK American Water Works Company, Inc. | -1.86% | 7.40% | -3.53% | -11.68% | -17.89% | 24.83% | 26.88% | 37.79% | 1.32% | 29.01% |
Correlation
The correlation between KO and AWK is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2008 | 0.41 |
The correlation between KO and AWK shifts across timeframes, from 0.30 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
KO:
$356.42B
AWK:
$24.63B
KO:
$3.18
AWK:
$5.65
KO:
26.01
AWK:
22.35
KO:
7.23
AWK:
4.73
KO:
10.60
AWK:
2.23
KO:
$49.28B
AWK:
$5.21B
KO:
$30.43B
AWK:
$2.27B
KO:
$18.35B
AWK:
$2.48B
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Return for Risk
KO vs. AWK — Risk / Return Rank
KO
AWK
KO vs. AWK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and American Water Works Company, Inc. (AWK). 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 | AWK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.95 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | -0.54 | +2.79 |
| Martin ratioReturn relative to average drawdown | 4.51 | -0.99 | +5.50 |
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Drawdowns
KO vs. AWK - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than AWK's maximum drawdown of -37.10%. Use the drawdown chart below to compare losses from any high point for KO and AWK.
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Drawdown Indicators
| KO | AWK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -37.10% | -31.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -15.45% | +7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -22.33% | +6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -37.10% | +19.83% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -37.10% | +0.11% |
Current DrawdownCurrent decline from peak | -1.16% | -26.26% | +25.10% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -9.51% | -6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 8.38% | -4.40% |
Volatility
KO vs. AWK - Volatility Comparison
The Coca-Cola Company (KO) has a higher volatility of 6.70% compared to American Water Works Company, Inc. (AWK) at 6.28%. This indicates that KO's price experiences larger fluctuations and is considered to be riskier than AWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | AWK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 6.28% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 15.71% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 21.59% | -4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 22.93% | -6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 23.72% | -5.48% |
Dividends
KO vs. AWK - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.49%, less than AWK's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWK American Water Works Company, Inc. | 2.67% | 2.49% | 2.41% | 2.10% | 1.68% | 1.25% | 1.40% | 1.59% | 1.96% | 1.77% | 2.02% | 2.23% |
KO The Coca-Cola Company | 2.49% | 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. AWK - Financials Comparison
This section allows you to compare key financial metrics between The Coca-Cola Company and American Water Works Company, Inc.. 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. AWK - Profitability Comparison
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%.
AWK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a gross profit of 714.00M and revenue of 1.21B. Therefore, the gross margin over that period was 59.2%.
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%.
AWK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported an operating income of 391.00M and revenue of 1.21B, resulting in an operating margin of 32.4%.
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%.
AWK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a net income of 196.00M and revenue of 1.21B, resulting in a net margin of 16.2%.
Frequently Asked Questions
KO and AWK have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (6.70%) compared to AWK (6.28%). In terms of maximum drawdown, KO dropped -68.23% vs AWK's -37.10%.
KO currently has the higher Sharpe Ratio (1.06 vs -0.38), 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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