KO vs. DXJ
KO (The Coca-Cola Company) is a stock, while DXJ (WisdomTree Japan Hedged Equity Fund) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Over the past 10 years, KO returned 9.55%/yr vs 18.72%/yr for DXJ. At a 0.33 correlation, their price movements are largely independent.
Performance
KO vs. DXJ - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with KO having a 18.99% return and DXJ slightly lower at 18.74%. Over the past 10 years, KO has underperformed DXJ with an annualized return of 9.55%, while DXJ has yielded a comparatively higher 18.72% 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%
DXJ
- 1D
- 0.74%
- 1M
- -0.37%
- YTD
- 18.74%
- 6M
- 19.84%
- 1Y
- 54.41%
- 3Y*
- 30.91%
- 5Y*
- 26.01%
- 10Y*
- 18.72%
KO vs. DXJ - 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% |
DXJ WisdomTree Japan Hedged Equity Fund | 18.74% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between KO and DXJ is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.33 |
The correlation between KO and DXJ shifts across timeframes, from -0.02 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KO vs. DXJ — Risk / Return Rank
KO
DXJ
KO vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and WisdomTree Japan Hedged Equity Fund (DXJ). 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 | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.54 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 4.88 | -2.63 |
| Martin ratioReturn relative to average drawdown | 4.51 | 18.93 | -14.42 |
Loading charts...
Drawdowns
KO vs. DXJ - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for KO and DXJ.
Loading charts...
Drawdown Indicators
| KO | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -49.63% | -18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -10.98% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -22.19% | +5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -22.19% | +4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -39.14% | +2.15% |
Current DrawdownCurrent decline from peak | -1.16% | -1.34% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -14.32% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.83% | +1.15% |
Volatility
KO vs. DXJ - Volatility Comparison
The Coca-Cola Company (KO) has a higher volatility of 6.70% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.64%. This indicates that KO's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KO | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 4.64% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 13.56% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 17.73% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 19.02% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 20.17% | -1.93% |
Dividends
KO vs. DXJ - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.49%, more than DXJ's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 1.09% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
KO The Coca-Cola Company | 1.88% | 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 DXJ have a correlation of -0.02, 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 DXJ (4.64%). In terms of maximum drawdown, KO dropped -68.23% vs DXJ's -49.63%.
DXJ currently has the higher Sharpe Ratio (3.02 vs 1.06), 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.
Find the right allocation for KO and DXJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer