KOF vs. PEP
KOF (Coca-Cola FEMSA, S.A.B. de C.V.) and PEP (PepsiCo, Inc.) are both stocks. Both operate in the Beverages - Non-Alcoholic industry within the Consumer Defensive sector. Over the past 10 years, KOF returned 7.14%/yr vs 6.60%/yr for PEP. At a 0.23 correlation, their price movements are largely independent.
Performance
KOF vs. PEP - Performance Comparison
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Returns By Period
In the year-to-date period, KOF achieves a 14.17% return, which is significantly higher than PEP's 1.07% return. Over the past 10 years, KOF has outperformed PEP with an annualized return of 7.14%, while PEP has yielded a comparatively lower 6.60% annualized return.
KOF
- 1D
- 0.57%
- 1M
- -0.18%
- YTD
- 14.17%
- 6M
- 12.38%
- 1Y
- 17.44%
- 3Y*
- 11.29%
- 5Y*
- 20.37%
- 10Y*
- 7.14%
PEP
- 1D
- 0.95%
- 1M
- -4.52%
- YTD
- 1.07%
- 6M
- 0.96%
- 1Y
- 14.57%
- 3Y*
- -5.31%
- 5Y*
- 2.73%
- 10Y*
- 6.60%
KOF vs. PEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KOF Coca-Cola FEMSA, S.A.B. de C.V. | 14.17% | 27.03% | -14.60% | 45.09% | 29.83% | 24.85% | -19.17% | 2.46% | -9.99% | 12.36% |
PEP PepsiCo, Inc. | 1.07% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
Correlation
The correlation between KOF and PEP is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 1993 | 0.23 |
Fundamentals
KOF:
$179.83B
PEP:
$194.75B
KOF:
MX$43.46
PEP:
$6.38
KOF:
42.77
PEP:
22.28
KOF:
3.36
PEP:
2.04
KOF:
22.60
PEP:
9.11
KOF:
MX$293.49B
PEP:
$95.45B
KOF:
MX$135.01B
PEP:
$51.60B
KOF:
MX$41.79B
PEP:
$15.08B
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Return for Risk
KOF vs. PEP — Risk / Return Rank
KOF
PEP
KOF vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca-Cola FEMSA, S.A.B. de C.V. (KOF) and PepsiCo, Inc. (PEP). 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.
| KOF | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.90 | +0.07 |
| Martin ratioReturn relative to average drawdown | 1.87 | 2.17 | -0.30 |
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Drawdowns
KOF vs. PEP - Drawdown Comparison
The maximum KOF drawdown since its inception was -74.81%, roughly equal to the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for KOF and PEP.
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Drawdown Indicators
| KOF | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.81% | -73.92% | -0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -18.13% | -16.25% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.50% | -29.17% | +4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -30.32% | +5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -55.04% | -30.32% | -24.72% |
Current DrawdownCurrent decline from peak | -5.60% | -18.89% | +13.29% |
Average DrawdownAverage peak-to-trough decline | -29.00% | -13.65% | -15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.33% | 6.72% | +2.61% |
Volatility
KOF vs. PEP - Volatility Comparison
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) has a higher volatility of 6.81% compared to PepsiCo, Inc. (PEP) at 6.45%. This indicates that KOF's price experiences larger fluctuations and is considered to be riskier than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KOF | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 6.45% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 18.74% | 15.02% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.79% | 21.86% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.33% | 18.43% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.89% | 19.69% | +6.20% |
Dividends
KOF vs. PEP - Dividend Comparison
KOF's dividend yield for the trailing twelve months is around 3.81%, less than PEP's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KOF Coca-Cola FEMSA, S.A.B. de C.V. | 3.81% | 4.09% | 4.20% | 3.37% | 3.99% | 4.59% | 5.22% | 2.75% | 2.95% | 2.52% | 2.84% | 2.74% |
PEP PepsiCo, Inc. | 4.20% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
Financials
KOF vs. PEP - Financials Comparison
This section allows you to compare key financial metrics between Coca-Cola FEMSA, S.A.B. de C.V. and PepsiCo, Inc.. 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
KOF vs. PEP - Profitability Comparison
KOF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coca-Cola FEMSA, S.A.B. de C.V. reported a gross profit of 33.26B and revenue of 70.93B. Therefore, the gross margin over that period was 46.9%.
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a gross profit of 10.73B and revenue of 19.44B. Therefore, the gross margin over that period was 55.2%.
KOF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coca-Cola FEMSA, S.A.B. de C.V. reported an operating income of 9.03B and revenue of 70.93B, resulting in an operating margin of 12.7%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported an operating income of 3.21B and revenue of 19.44B, resulting in an operating margin of 16.5%.
KOF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coca-Cola FEMSA, S.A.B. de C.V. reported a net income of 4.34B and revenue of 70.93B, resulting in a net margin of 6.1%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a net income of 2.34B and revenue of 19.44B, resulting in a net margin of 12.0%.
Frequently Asked Questions
KOF and PEP have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KOF has higher volatility (6.81%) compared to PEP (6.45%). In terms of maximum drawdown, KOF dropped -74.81% vs PEP's -73.92%.
KOF currently has the higher Sharpe Ratio (0.68 vs 0.67), 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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