KO vs. VOO
KO (The Coca-Cola Company) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, KO returned 10.16%/yr vs 14.93%/yr for VOO. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
KO vs. VOO - 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 VOO's 8.98% return. Over the past 10 years, KO has underperformed VOO with an annualized return of 10.16%, while VOO has yielded a comparatively higher 14.93% 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%
VOO
- 1D
- 0.03%
- 1M
- 1.35%
- 6M
- 7.28%
- YTD
- 8.98%
- 1Y
- 17.38%
- 3Y*
- 18.94%
- 5Y*
- 12.57%
- 10Y*
- 14.93%
- ALL TIME*
- 14.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.37B | $1.35B | $1.39B | |
| $3.33B | $3.89B | $5.42B |
KO vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 8.98% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between KO and VOO is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.43 |
The correlation between KO and VOO shifts across timeframes, from -0.19 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KO vs. VOO — Risk / Return Rank
KO
VOO
KO vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.96 | +1.23 |
| Martin ratioReturn relative to average drawdown | 6.95 | 8.43 | -1.48 |
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Drawdowns
KO vs. VOO - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for KO and VOO.
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Drawdown Indicators
| KO | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -33.99% | -34.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -8.90% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -18.69% | +3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -24.52% | +7.25% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -33.99% | -3.00% |
Current DrawdownCurrent decline from peak | -1.00% | -2.43% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -3.67% | -12.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 2.07% | +1.54% |
Volatility
KO vs. VOO - Volatility Comparison
The Coca-Cola Company (KO) has a higher volatility of 8.23% compared to Vanguard S&P 500 ETF (VOO) at 3.22%. This indicates that KO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 3.22% | +5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 9.84% | +4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 12.64% | +5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.49% | 16.91% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 18.01% | +0.34% |
Dividends
KO vs. VOO - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.47%, more than VOO's 1.08% 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% |
VOO Vanguard S&P 500 ETF | 1.08% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
KO and VOO have a correlation of -0.19, 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 VOO (3.22%). In terms of maximum drawdown, KO dropped -68.23% vs VOO's -33.99%.
KO currently has the higher Sharpe Ratio (1.38 vs 1.38), 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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