KO vs. MKC
KO (The Coca-Cola Company) and MKC (McCormick & Company, Incorporated) are both stocks. Both are in the Consumer Defensive sector — KO in Beverages - Non-Alcoholic, MKC in Packaged Foods. Over the past 10 years, KO returned 9.35%/yr vs 2.06%/yr for MKC. At a 0.34 correlation, their price movements are largely independent.
Performance
KO vs. MKC - Performance Comparison
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Returns By Period
In the year-to-date period, KO achieves a 18.82% return, which is significantly higher than MKC's -21.75% return. Over the past 10 years, KO has outperformed MKC with an annualized return of 9.35%, while MKC has yielded a comparatively lower 2.06% annualized return.
KO
- 1D
- -0.18%
- 1M
- 3.25%
- 6M
- 15.77%
- YTD
- 18.82%
- 1Y
- 20.30%
- 3Y*
- 12.77%
- 5Y*
- 10.97%
- 10Y*
- 9.35%
- ALL TIME*
- 12.16%
MKC
- 1D
- 0.21%
- 1M
- 13.26%
- 6M
- -21.43%
- YTD
- -21.75%
- 1Y
- -23.61%
- 3Y*
- -13.71%
- 5Y*
- -7.10%
- 10Y*
- 2.06%
- ALL TIME*
- 10.93%
KO vs. MKC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 18.82% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
MKC McCormick & Company, Incorporated | -21.75% | -8.33% | 13.97% | -15.68% | -12.65% | 2.67% | 14.70% | 23.65% | 39.01% | 11.34% |
Correlation
The correlation between KO and MKC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.34 |
The correlation between KO and MKC shifts across timeframes, from 0.34 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
KO:
$352.67B
MKC:
$14.07B
KO:
$3.18
MKC:
$6.05
KO:
25.81
MKC:
8.66
KO:
3.11
MKC:
6.30
KO:
7.17
MKC:
1.91
KO:
10.51
MKC:
2.01
KO:
$49.28B
MKC:
$7.39B
KO:
$30.43B
MKC:
$2.85B
KO:
$18.35B
MKC:
$1.37B
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Return for Risk
KO vs. MKC — Risk / Return Rank
KO
MKC
KO vs. MKC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and McCormick & Company, Incorporated (MKC). 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 | MKC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.88 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | -0.66 | +3.25 |
| Martin ratioReturn relative to average drawdown | 5.67 | -1.26 | +6.93 |
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Drawdowns
KO vs. MKC - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than MKC's maximum drawdown of -52.02%. Use the drawdown chart below to compare losses from any high point for KO and MKC.
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Drawdown Indicators
| KO | MKC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -52.02% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -35.93% | +28.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -45.65% | +29.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -52.02% | +34.75% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -52.02% | +15.03% |
Current DrawdownCurrent decline from peak | -3.47% | -44.42% | +40.95% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -11.12% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 18.76% | -15.16% |
Volatility
KO vs. MKC - Volatility Comparison
The current volatility for The Coca-Cola Company (KO) is 7.79%, while McCormick & Company, Incorporated (MKC) has a volatility of 11.85%. This indicates that KO experiences smaller price fluctuations and is considered to be less risky than MKC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | MKC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 11.85% | -4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 25.45% | -11.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 29.68% | -11.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.45% | 24.88% | -8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 24.44% | -6.07% |
Dividends
KO vs. MKC - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.54%, less than MKC's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 2.54% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
MKC McCormick & Company, Incorporated | 3.61% | 2.69% | 2.24% | 2.32% | 1.81% | 1.44% | 1.68% | 1.37% | 1.53% | 1.89% | 1.89% | 1.91% |
Financials
KO vs. MKC - Financials Comparison
This section allows you to compare key financial metrics between The Coca-Cola Company and McCormick & Company, Incorporated. 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. MKC - Profitability Comparison
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
MKC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, McCormick & Company, Incorporated reported a gross profit of 778.20M and revenue of 1.94B. Therefore, the gross margin over that period was 40.2%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
MKC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, McCormick & Company, Incorporated reported an operating income of 276.40M and revenue of 1.94B, resulting in an operating margin of 14.3%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
MKC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, McCormick & Company, Incorporated reported a net income of 160.20M and revenue of 1.94B, resulting in a net margin of 8.3%.
Frequently Asked Questions
KO and MKC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKC has higher volatility (11.85%) compared to KO (7.79%). In terms of maximum drawdown, KO dropped -68.23% vs MKC's -52.02%.
KO currently has the higher Sharpe Ratio (1.14 vs -0.80), 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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