MKC vs. KO
MKC (McCormick & Company, Incorporated) and KO (The Coca-Cola Company) are both stocks. Both are in the Consumer Defensive sector — MKC in Packaged Foods, KO in Beverages - Non-Alcoholic. Over the past 10 years, MKC returned 1.49%/yr vs 8.99%/yr for KO. At a 0.34 correlation, their price movements are largely independent.
Performance
MKC vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, MKC achieves a -29.48% return, which is significantly lower than KO's 14.56% return. Over the past 10 years, MKC has underperformed KO with an annualized return of 1.49%, while KO has yielded a comparatively higher 8.99% annualized return.
MKC
- 1D
- 0.78%
- 1M
- -1.47%
- YTD
- -29.48%
- 6M
- -23.94%
- 1Y
- -33.99%
- 3Y*
- -17.31%
- 5Y*
- -9.65%
- 10Y*
- 1.49%
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%
MKC vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MKC McCormick & Company, Incorporated | -29.48% | -8.33% | 13.97% | -15.68% | -12.65% | 2.67% | 14.70% | 23.65% | 39.01% | 11.34% |
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 MKC and KO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.34 |
The correlation between MKC and KO shifts across timeframes, from 0.34 (all time) to 0.52 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MKC:
$12.83B
KO:
$343.14B
MKC:
$6.10
KO:
$3.18
MKC:
7.80
KO:
25.04
MKC:
5.67
KO:
3.02
MKC:
1.80
KO:
6.96
MKC:
1.84
KO:
10.20
MKC:
$7.11B
KO:
$49.28B
MKC:
$2.70B
KO:
$30.43B
MKC:
$1.22B
KO:
$18.35B
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Return for Risk
MKC vs. KO — Risk / Return Rank
MKC
KO
MKC vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for McCormick & Company, Incorporated (MKC) 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.
| MKC | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.16 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 1.87 | -2.74 |
| Martin ratioReturn relative to average drawdown | -1.75 | 3.66 | -5.41 |
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
| MKC | KO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | 0.90 | -2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.67 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.50 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.53 | -0.10 |
Drawdowns
MKC vs. KO - Drawdown Comparison
The maximum MKC drawdown since its inception was -52.02%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for MKC and KO.
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Drawdown Indicators
| MKC | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.02% | -68.23% | +16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -39.50% | -7.89% | -31.61% |
Max Drawdown (3Y)Largest decline over 3 years | -47.65% | -16.26% | -31.39% |
Max Drawdown (5Y)Largest decline over 5 years | -52.02% | -17.27% | -34.75% |
Max Drawdown (10Y)Largest decline over 10 years | -52.02% | -36.99% | -15.03% |
Current DrawdownCurrent decline from peak | -49.90% | -2.91% | -46.99% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -16.09% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.43% | 4.03% | +15.40% |
Volatility
MKC vs. KO - Volatility Comparison
McCormick & Company, Incorporated (MKC) has a higher volatility of 6.70% compared to The Coca-Cola Company (KO) at 5.81%. This indicates that MKC'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
| MKC | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 5.81% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 23.08% | 12.37% | +10.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.96% | 16.37% | +11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.30% | 16.10% | +8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 18.21% | +5.95% |
Dividends
MKC vs. KO - Dividend Comparison
MKC's dividend yield for the trailing twelve months is around 3.91%, 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% |
MKC McCormick & Company, Incorporated | 3.91% | 2.69% | 2.24% | 2.32% | 1.81% | 1.44% | 1.68% | 1.37% | 1.53% | 1.89% | 1.89% | 1.91% |
Financials
MKC vs. KO - Financials Comparison
This section allows you to compare key financial metrics between McCormick & Company, Incorporated 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
MKC vs. KO - Profitability Comparison
MKC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, McCormick & Company, Incorporated reported a gross profit of 708.90M and revenue of 1.87B. Therefore, the gross margin over that period was 37.8%.
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%.
MKC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, McCormick & Company, Incorporated reported an operating income of 227.50M and revenue of 1.87B, resulting in an operating margin of 12.1%.
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%.
MKC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, McCormick & Company, Incorporated reported a net income of 1.02B and revenue of 1.87B, resulting in a net margin of 54.2%.
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
MKC and KO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKC has higher volatility (6.70%) compared to KO (5.81%). In terms of maximum drawdown, MKC dropped -52.02% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (0.90 vs -1.22), 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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