MDT vs. KO
MDT (Medtronic plc) and KO (The Coca-Cola Company) are both stocks. MDT operates in Medical Devices (Healthcare), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, MDT returned 2.04%/yr vs 8.99%/yr for KO. At a 0.29 correlation, their price movements are largely independent.
Performance
MDT vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -15.31% return, which is significantly lower than KO's 14.56% return. Over the past 10 years, MDT has underperformed KO with an annualized return of 2.04%, while KO has yielded a comparatively higher 8.99% annualized return.
MDT
- 1D
- -1.20%
- 1M
- 5.96%
- YTD
- -15.31%
- 6M
- -19.07%
- 1Y
- -4.79%
- 3Y*
- 2.04%
- 5Y*
- -5.25%
- 10Y*
- 2.04%
KO
- 1D
- 0.08%
- 1M
- 1.43%
- YTD
- 14.56%
- 6M
- 14.00%
- 1Y
- 14.71%
- 3Y*
- 12.88%
- 5Y*
- 10.72%
- 10Y*
- 8.99%
MDT vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -15.31% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
KO The Coca-Cola Company | 14.56% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between MDT and KO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1982 | 0.29 |
The correlation between MDT and KO shifts across timeframes, from 0.23 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MDT:
$103.94B
KO:
$343.14B
MDT:
$3.58
KO:
$3.18
MDT:
22.52
KO:
25.04
MDT:
2.03
KO:
3.02
MDT:
2.93
KO:
6.96
MDT:
$35.48B
KO:
$49.28B
MDT:
$5.78B
KO:
$30.43B
MDT:
$7.11B
KO:
$18.35B
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Return for Risk
MDT vs. KO — Risk / Return Rank
MDT
KO
MDT vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) and The Coca-Cola Company (KO). 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.
| MDT | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.16 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 1.87 | -2.04 |
| Martin ratioReturn relative to average drawdown | -0.43 | 3.66 | -4.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDT | KO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 0.90 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.67 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.50 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.53 | -0.06 |
Drawdowns
MDT vs. KO - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for MDT and KO.
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Drawdown Indicators
| MDT | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -68.23% | +10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -7.89% | -21.01% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -16.26% | -12.64% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -17.27% | -27.83% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -36.99% | -8.11% |
Current DrawdownCurrent decline from peak | -30.81% | -2.91% | -27.90% |
Average DrawdownAverage peak-to-trough decline | -16.54% | -16.09% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.17% | 4.03% | +7.14% |
Volatility
MDT vs. KO - Volatility Comparison
Medtronic plc (MDT) has a higher volatility of 10.04% compared to The Coca-Cola Company (KO) at 5.81%. This indicates that MDT's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDT | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 5.81% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 12.37% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.95% | 16.37% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.93% | 16.10% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 18.21% | +5.03% |
Dividends
MDT vs. KO - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.52%, more than KO's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 2.59% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
MDT Medtronic plc | 3.52% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
Financials
MDT vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Medtronic plc and The Coca-Cola 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
Frequently Asked Questions
MDT and KO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDT has higher volatility (10.04%) compared to KO (5.81%). In terms of maximum drawdown, MDT dropped -57.63% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (0.90 vs -0.23), 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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