KO vs. SHW
KO (The Coca-Cola Company) and SHW (The Sherwin-Williams Company) are both stocks. KO operates in Beverages - Non-Alcoholic (Consumer Defensive), while SHW operates in Specialty Chemicals (Basic Materials). Over the past 10 years, KO returned 9.55%/yr vs 13.58%/yr for SHW. At a 0.29 correlation, their price movements are largely independent.
Performance
KO vs. SHW - 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 SHW's -1.61% return. Over the past 10 years, KO has underperformed SHW with an annualized return of 9.55%, while SHW has yielded a comparatively higher 13.58% 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%
SHW
- 1D
- 0.13%
- 1M
- 3.85%
- YTD
- -1.61%
- 6M
- -3.00%
- 1Y
- -10.09%
- 3Y*
- 9.64%
- 5Y*
- 3.70%
- 10Y*
- 13.58%
KO vs. SHW - 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% |
SHW The Sherwin-Williams Company | -1.61% | -3.83% | 9.90% | 32.73% | -31.96% | 44.90% | 27.05% | 49.70% | -3.23% | 54.11% |
Correlation
The correlation between KO and SHW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.29 |
Fundamentals
KO:
$356.42B
SHW:
$78.72B
KO:
$3.18
SHW:
$10.42
KO:
26.01
SHW:
30.45
KO:
3.14
SHW:
2.96
KO:
7.23
SHW:
3.31
KO:
10.60
SHW:
17.77
KO:
$49.28B
SHW:
$23.94B
KO:
$30.43B
SHW:
$11.76B
KO:
$18.35B
SHW:
$4.29B
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Return for Risk
KO vs. SHW — Risk / Return Rank
KO
SHW
KO vs. SHW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and The Sherwin-Williams Company (SHW). 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 | SHW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.95 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | -0.47 | +2.73 |
| Martin ratioReturn relative to average drawdown | 4.51 | -0.99 | +5.50 |
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Drawdowns
KO vs. SHW - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than SHW's maximum drawdown of -52.02%. Use the drawdown chart below to compare losses from any high point for KO and SHW.
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Drawdown Indicators
| KO | SHW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -52.02% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -21.36% | +13.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -25.69% | +9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -42.46% | +25.19% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -42.46% | +5.47% |
Current DrawdownCurrent decline from peak | -1.16% | -19.53% | +18.37% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -11.63% | -4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 10.28% | -6.30% |
Volatility
KO vs. SHW - Volatility Comparison
The current volatility for The Coca-Cola Company (KO) is 6.70%, while The Sherwin-Williams Company (SHW) has a volatility of 9.00%. This indicates that KO experiences smaller price fluctuations and is considered to be less risky than SHW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | SHW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 9.00% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 19.26% | -6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 25.46% | -8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 26.27% | -10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 26.58% | -8.34% |
Dividends
KO vs. SHW - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.49%, more than SHW's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHW The Sherwin-Williams Company | 1.00% | 0.98% | 0.84% | 0.78% | 1.01% | 0.62% | 0.73% | 0.77% | 0.87% | 0.83% | 1.25% | 1.03% |
Financials
KO vs. SHW - Financials Comparison
This section allows you to compare key financial metrics between The Coca-Cola Company and The Sherwin-Williams 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. SHW - Profitability Comparison
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
SHW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Sherwin-Williams Company reported a gross profit of 2.78B and revenue of 5.67B. Therefore, the gross margin over that period was 49.1%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
SHW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Sherwin-Williams Company reported an operating income of 810.90M and revenue of 5.67B, 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 Jun 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%.
SHW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Sherwin-Williams Company reported a net income of 534.70M and revenue of 5.67B, resulting in a net margin of 9.4%.
Frequently Asked Questions
KO and SHW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHW has higher volatility (9.00%) compared to KO (6.70%). In terms of maximum drawdown, KO dropped -68.23% vs SHW's -52.02%.
KO currently has the higher Sharpe Ratio (1.06 vs -0.40), 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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