KO vs. BND
KO (The Coca-Cola Company) is a stock, while BND (Vanguard Total Bond Market ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, KO returned 9.37%/yr vs 1.43%/yr for BND. At a correlation of -0.03, they often move in opposite directions.
Performance
KO vs. BND - 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 BND's 0.08% return. Over the past 10 years, KO has outperformed BND with an annualized return of 9.37%, while BND has yielded a comparatively lower 1.43% 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%
BND
- 1D
- -0.25%
- 1M
- -0.57%
- 6M
- -0.09%
- YTD
- 0.08%
- 1Y
- 3.77%
- 3Y*
- 3.82%
- 5Y*
- -0.23%
- 10Y*
- 1.43%
- ALL TIME*
- 3.03%
KO vs. BND - 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% |
BND Vanguard Total Bond Market ETF | 0.08% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between KO and BND is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.03 |
The correlation between KO and BND shifts across timeframes, from -0.03 (all time) to 0.16 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KO vs. BND — Risk / Return Rank
KO
BND
KO vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and Vanguard Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.41 | +1.25 |
| Martin ratioReturn relative to average drawdown | 5.83 | 3.81 | +2.02 |
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Drawdowns
KO vs. BND - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for KO and BND.
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Drawdown Indicators
| KO | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -18.58% | -49.65% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -2.68% | -5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -5.59% | -10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -17.91% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -18.58% | -18.41% |
Current DrawdownCurrent decline from peak | -3.30% | -2.55% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -16.07% | -3.06% | -13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 0.99% | +2.60% |
Volatility
KO vs. BND - Volatility Comparison
The Coca-Cola Company (KO) has a higher volatility of 7.83% compared to Vanguard Total Bond Market ETF (BND) at 1.08%. This indicates that KO's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 1.08% | +6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 2.87% | +11.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 3.72% | +14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 6.03% | +10.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 5.53% | +12.84% |
Dividends
KO vs. BND - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.53%, less than BND's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.00% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
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% |
Frequently Asked Questions
KO and BND have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (7.83%) compared to BND (1.08%). In terms of maximum drawdown, KO dropped -68.23% vs BND's -18.58%.
KO currently has the higher Sharpe Ratio (1.17 vs 1.02), 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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