KO vs. XAUUSD=X
KO (The Coca-Cola Company) is a stock, while XAUUSD=X (Gold Spot Price US Dollar) is a currency. Over the past 10 years, KO returned 9.37%/yr vs 11.77%/yr for XAUUSD=X. At a 0.05 correlation, their price movements are largely independent.
Performance
KO vs. XAUUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, KO achieves a 19.04% return, which is significantly higher than XAUUSD=X's -6.98% return. Over the past 10 years, KO has underperformed XAUUSD=X with an annualized return of 9.37%, while XAUUSD=X has yielded a comparatively higher 11.77% annualized return.
KO
- 1D
- 0.69%
- 1M
- 3.44%
- 6M
- 18.14%
- YTD
- 19.04%
- 1Y
- 20.90%
- 3Y*
- 12.83%
- 5Y*
- 10.98%
- 10Y*
- 9.37%
- ALL TIME*
- 12.17%
XAUUSD=X
- 1D
- -0.13%
- 1M
- -3.24%
- 6M
- -13.90%
- YTD
- -6.98%
- 1Y
- 19.97%
- 3Y*
- 27.03%
- 5Y*
- 17.41%
- 10Y*
- 11.77%
- ALL TIME*
- 10.07%
KO vs. XAUUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 19.04% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
XAUUSD=X Gold Spot Price US Dollar | -6.98% | 64.75% | 27.24% | 13.14% | -0.25% | -3.50% | 24.55% | 18.77% | -1.71% | 13.14% |
Correlation
The correlation between KO and XAUUSD=X is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2007 | 0.05 |
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Return for Risk
KO vs. XAUUSD=X — Risk / Return Rank
KO
XAUUSD=X
KO vs. XAUUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) and Gold Spot Price US Dollar (XAUUSD=X). 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 | XAUUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 0.60 | +2.07 |
| Martin ratioReturn relative to average drawdown | 5.83 | 1.38 | +4.45 |
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Drawdowns
KO vs. XAUUSD=X - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, which is greater than XAUUSD=X's maximum drawdown of -44.69%. Use the drawdown chart below to compare losses from any high point for KO and XAUUSD=X.
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Drawdown Indicators
| KO | XAUUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -44.69% | -23.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -26.61% | +18.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -26.61% | +10.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -26.61% | +9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -26.61% | -10.38% |
Current DrawdownCurrent decline from peak | -3.30% | -25.79% | +22.49% |
Average DrawdownAverage peak-to-trough decline | -16.07% | -16.58% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 12.75% | -9.16% |
Volatility
KO vs. XAUUSD=X - Volatility Comparison
The Coca-Cola Company (KO) has a higher volatility of 7.83% compared to Gold Spot Price US Dollar (XAUUSD=X) at 5.29%. This indicates that KO's price experiences larger fluctuations and is considered to be riskier than XAUUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KO | XAUUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 5.29% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 17.01% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 24.04% | -6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 16.90% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 15.22% | +3.15% |
Frequently Asked Questions
KO and XAUUSD=X have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (7.83%) compared to XAUUSD=X (5.29%). In terms of maximum drawdown, KO dropped -68.23% vs XAUUSD=X's -44.69%.
KO currently has the higher Sharpe Ratio (1.17 vs 0.66), 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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