KO vs. ITA
KO (The Coca-Cola Company) is a stock, while ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Over the past 10 years, KO returned 9.55%/yr vs 15.34%/yr for ITA. At a 0.40 correlation, their price movements are largely independent.
Performance
KO vs. ITA - 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 ITA's 8.97% return. Over the past 10 years, KO has underperformed ITA with an annualized return of 9.55%, while ITA has yielded a comparatively higher 15.34% 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%
ITA
- 1D
- -0.95%
- 1M
- 3.58%
- YTD
- 8.97%
- 6M
- 11.71%
- 1Y
- 30.96%
- 3Y*
- 27.30%
- 5Y*
- 16.86%
- 10Y*
- 15.34%
KO vs. ITA - 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% |
ITA iShares U.S. Aerospace & Defense ETF | 8.97% | 48.64% | 15.81% | 14.33% | 9.96% | 9.39% | -13.57% | 30.51% | -7.22% | 35.24% |
Correlation
The correlation between KO and ITA is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.40 |
The correlation between KO and ITA shifts across timeframes, from -0.05 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KO vs. ITA — Risk / Return Rank
KO
ITA
KO vs. ITA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and iShares U.S. Aerospace & Defense ETF (ITA). 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 | ITA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.97 | +0.29 |
| Martin ratioReturn relative to average drawdown | 4.51 | 5.20 | -0.69 |
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Drawdowns
KO vs. ITA - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than ITA's maximum drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for KO and ITA.
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Drawdown Indicators
| KO | ITA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -59.72% | -8.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -15.82% | +7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -15.82% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -18.72% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -51.00% | +14.01% |
Current DrawdownCurrent decline from peak | -1.16% | -6.64% | +5.48% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -9.45% | -6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 5.97% | -1.99% |
Volatility
KO vs. ITA - Volatility Comparison
The current volatility for The Coca-Cola Company (KO) is 6.70%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 9.07%. This indicates that KO experiences smaller price fluctuations and is considered to be less risky than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | ITA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 9.07% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 18.47% | -5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 21.74% | -5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 20.21% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 23.22% | -4.98% |
Dividends
KO vs. ITA - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.49%, more than ITA's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.46% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
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% |
Frequently Asked Questions
KO and ITA have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITA has higher volatility (9.07%) compared to KO (6.70%). In terms of maximum drawdown, KO dropped -68.23% vs ITA's -59.72%.
ITA currently has the higher Sharpe Ratio (1.43 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.
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