MERC vs. KO
MERC (Mercer International Inc.) and KO (The Coca-Cola Company) are both stocks. MERC operates in Paper & Paper Products (Basic Materials), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, MERC returned -18.35%/yr vs 9.59%/yr for KO. At a 0.12 correlation, their price movements are largely independent.
Performance
MERC vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, MERC achieves a -63.32% return, which is significantly lower than KO's 16.41% return. Over the past 10 years, MERC has underperformed KO with an annualized return of -18.35%, while KO has yielded a comparatively higher 9.59% annualized return.
MERC
- 1D
- -6.04%
- 1M
- -30.17%
- YTD
- -63.32%
- 6M
- -65.25%
- 1Y
- -78.80%
- 3Y*
- -53.70%
- 5Y*
- -41.95%
- 10Y*
- -18.35%
KO
- 1D
- 0.98%
- 1M
- -0.80%
- YTD
- 16.41%
- 6M
- 16.48%
- 1Y
- 18.42%
- 3Y*
- 12.75%
- 5Y*
- 11.35%
- 10Y*
- 9.59%
MERC vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MERC Mercer International Inc. | -63.32% | -68.51% | -28.65% | -15.71% | -0.59% | 19.46% | -12.81% | 22.62% | -24.32% | 39.65% |
KO The Coca-Cola Company | 16.41% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between MERC and KO is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.12 |
The correlation between MERC and KO shifts across timeframes, from -0.07 (1 year) to 0.14 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MERC:
-$10.51
KO:
$3.18
MERC:
0.02
KO:
7.03
MERC:
$1.85B
KO:
$49.28B
MERC:
-$64.63M
KO:
$30.43B
MERC:
-$73.03M
KO:
$18.35B
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Return for Risk
MERC vs. KO — Risk / Return Rank
MERC
KO
MERC vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer International Inc. (MERC) 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.
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.
| MERC | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -4.01 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.20 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.35 | -3.30 |
| Martin ratioReturn relative to average drawdown | -1.44 | 4.67 | -6.11 |
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Drawdowns
MERC vs. KO - Drawdown Comparison
The maximum MERC drawdown since its inception was -99.05%, which is greater than KO's maximum drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for MERC and KO.
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Drawdown Indicators
| MERC | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.05% | -68.23% | -30.82% |
Max Drawdown (1Y)Largest decline over 1 year | -83.34% | -7.87% | -75.47% |
Max Drawdown (3Y)Largest decline over 3 years | -92.89% | -16.26% | -76.63% |
Max Drawdown (5Y)Largest decline over 5 years | -95.26% | -17.27% | -77.99% |
Max Drawdown (10Y)Largest decline over 10 years | -95.26% | -36.99% | -58.27% |
Current DrawdownCurrent decline from peak | -96.25% | -3.30% | -92.95% |
Average DrawdownAverage peak-to-trough decline | -61.20% | -16.08% | -45.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.53% | 3.95% | +50.58% |
Volatility
MERC vs. KO - Volatility Comparison
Mercer International Inc. (MERC) has a higher volatility of 24.45% compared to The Coca-Cola Company (KO) at 6.94%. This indicates that MERC'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
| MERC | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.45% | 6.94% | +17.51% |
Volatility (6M)Calculated over the trailing 6-month period | 56.24% | 12.74% | +43.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.71% | 16.74% | +58.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.66% | 16.16% | +36.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.42% | 18.23% | +30.19% |
Dividends
MERC vs. KO - Dividend Comparison
MERC's dividend yield for the trailing twelve months is around 10.33%, 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% |
MERC Mercer International Inc. | 10.33% | 7.58% | 4.62% | 3.16% | 2.58% | 2.17% | 3.24% | 4.37% | 4.79% | 3.29% | 4.32% | 2.54% |
Financials
MERC vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Mercer International Inc. 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
MERC vs. KO - Profitability Comparison
MERC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mercer International Inc. reported a gross profit of 0.00 and revenue of 489.30M. Therefore, the gross margin over that period was 0.0%.
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%.
MERC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mercer International Inc. reported an operating income of -32.89M and revenue of 489.30M, resulting in an operating margin of -6.7%.
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%.
MERC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mercer International Inc. reported a net income of -52.00M and revenue of 489.30M, resulting in a net margin of -10.6%.
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%.
Frequently Asked Questions
MERC and KO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MERC has higher volatility (24.45%) compared to KO (6.94%). In terms of maximum drawdown, MERC dropped -99.05% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.11 vs -1.04), 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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