KO vs. PG
KO (The Coca-Cola Company) and PG (The Procter & Gamble Company) are both stocks. Both are in the Consumer Defensive sector — KO in Beverages - Non-Alcoholic, PG in Household & Personal Products. Over the past 10 years, KO returned 10.16%/yr vs 8.59%/yr for PG. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
KO vs. PG - Performance Comparison
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Returns By Period
In the year-to-date period, KO achieves a 21.86% return, which is significantly higher than PG's 6.02% return. Over the past 10 years, KO has outperformed PG with an annualized return of 10.16%, while PG has yielded a comparatively lower 8.59% annualized return.
KO
- 1D
- 2.21%
- 1M
- 1.74%
- 6M
- 17.41%
- YTD
- 21.86%
- 1Y
- 24.98%
- 3Y*
- 13.70%
- 5Y*
- 11.43%
- 10Y*
- 10.16%
- ALL TIME*
- 12.20%
PG
- 1D
- 0.83%
- 1M
- 0.48%
- 6M
- 0.92%
- YTD
- 6.02%
- 1Y
- -3.35%
- 3Y*
- 0.94%
- 5Y*
- 4.02%
- 10Y*
- 8.59%
- ALL TIME*
- 10.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.37B | $1.35B | $1.39B | |
| $1.00B | $1.22B | $1.27B |
KO vs. PG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 21.86% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
PG The Procter & Gamble Company | 6.02% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
Correlation
The correlation between KO and PG is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1970 | 0.46 |
The correlation between KO and PG shifts across timeframes, from 0.46 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
KO:
$361.71B
PG:
$346.16B
KO:
$3.18
PG:
$5.24
KO:
26.47
PG:
28.35
KO:
3.19
PG:
6.93
KO:
7.36
PG:
4.16
KO:
10.78
PG:
6.65
KO:
$49.28B
PG:
$86.72B
KO:
$30.43B
PG:
$43.64B
KO:
$18.35B
PG:
$22.63B
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Return for Risk
KO vs. PG — Risk / Return Rank
KO
PG
KO vs. PG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and The Procter & Gamble Company (PG). 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 | PG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.99 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | -0.22 | +3.41 |
| Martin ratioReturn relative to average drawdown | 6.95 | -0.37 | +7.32 |
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Drawdowns
KO vs. PG - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than PG's maximum drawdown of -54.25%. Use the drawdown chart below to compare losses from any high point for KO and PG.
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Drawdown Indicators
| KO | PG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -54.25% | -13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -15.52% | +7.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -21.15% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -23.77% | +6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -23.77% | -13.22% |
Current DrawdownCurrent decline from peak | -1.00% | -13.22% | +12.22% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -12.17% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 8.98% | -5.37% |
Volatility
KO vs. PG - Volatility Comparison
The Coca-Cola Company (KO) has a higher volatility of 8.23% compared to The Procter & Gamble Company (PG) at 6.66%. This indicates that KO's price experiences larger fluctuations and is considered to be riskier than PG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | PG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 6.66% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 15.67% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 19.69% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.49% | 18.09% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 19.17% | -0.82% |
Dividends
KO vs. PG - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.47%, less than PG's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 2.47% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
PG The Procter & Gamble Company | 2.89% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
Financials
KO vs. PG - Financials Comparison
This section allows you to compare key financial metrics between The Coca-Cola Company and The Procter & Gamble Company. 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. PG - 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%.
PG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, The Procter & Gamble Company reported a gross profit of 10.51B and revenue of 21.24B. Therefore, the gross margin over that period was 49.5%.
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%.
PG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Procter & Gamble Company reported an operating income of 4.58B and revenue of 21.24B, resulting in an operating margin of 21.6%.
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%.
PG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Procter & Gamble Company reported a net income of 18.50M and revenue of 21.24B, resulting in a net margin of 0.1%.
Frequently Asked Questions
KO and PG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (8.23%) compared to PG (6.66%). In terms of maximum drawdown, KO dropped -68.23% vs PG's -54.25%.
KO currently has the higher Sharpe Ratio (1.38 vs -0.17), 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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