KO vs. BTC-USD
KO (The Coca-Cola Company) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, KO returned 9.55%/yr vs 57.23%/yr for BTC-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
KO vs. BTC-USD - 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 BTC-USD's -26.27% return. Over the past 10 years, KO has underperformed BTC-USD with an annualized return of 9.55%, while BTC-USD has yielded a comparatively higher 57.23% annualized return.
KO
- 1D
- 0.11%
- 1M
- 2.70%
- YTD
- 18.99%
- 6M
- 17.96%
- 1Y
- 18.86%
- 3Y*
- 14.33%
- 5Y*
- 11.29%
- 10Y*
- 9.55%
BTC-USD
- 1D
- 1.71%
- 1M
- -20.43%
- YTD
- -26.27%
- 6M
- -28.52%
- 1Y
- -39.20%
- 3Y*
- 36.94%
- 5Y*
- 9.74%
- 10Y*
- 57.23%
KO vs. BTC-USD - 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% |
BTC-USD Bitcoin | -26.27% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between KO and BTC-USD is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2012 | 0.01 |
The correlation between KO and BTC-USD shifts across timeframes, from -0.14 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KO vs. BTC-USD — Risk / Return Rank
KO
BTC-USD
KO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.87 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | -0.77 | +3.02 |
| Martin ratioReturn relative to average drawdown | 4.51 | -1.33 | +5.84 |
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Drawdowns
KO vs. BTC-USD - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for KO and BTC-USD.
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Drawdown Indicators
| KO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -85.30% | +17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -51.21% | +43.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -51.21% | +34.95% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -76.67% | +59.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -83.80% | +46.81% |
Current DrawdownCurrent decline from peak | -1.16% | -48.27% | +47.11% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -42.36% | +26.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 35.16% | -31.18% |
Volatility
KO vs. BTC-USD - Volatility Comparison
The current volatility for The Coca-Cola Company (KO) is 6.70%, while Bitcoin (BTC-USD) has a volatility of 11.97%. This indicates that KO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 11.97% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 34.64% | -21.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 35.59% | -18.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 44.57% | -28.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 56.61% | -38.37% |
Frequently Asked Questions
KO and BTC-USD 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.
BTC-USD has higher volatility (11.97%) compared to KO (6.70%). In terms of maximum drawdown, KO dropped -68.23% vs BTC-USD's -85.30%.
KO currently has the higher Sharpe Ratio (1.06 vs -0.92), 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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