OTLY vs. CELH
OTLY (Oatly Group AB) and CELH (Celsius Holdings, Inc.) are both stocks. Both operate in the Beverages - Non-Alcoholic industry within the Consumer Defensive sector. Over the past 5 years, OTLY returned -55.22%/yr vs 1.28%/yr for CELH. At a 0.30 correlation, their price movements are largely independent.
Performance
OTLY vs. CELH - Performance Comparison
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Returns By Period
In the year-to-date period, OTLY achieves a -19.74% return, which is significantly higher than CELH's -39.33% return.
OTLY
- 1D
- -0.35%
- 1M
- -22.14%
- YTD
- -19.74%
- 6M
- -31.03%
- 1Y
- -21.64%
- 3Y*
- -36.68%
- 5Y*
- -55.22%
- 10Y*
- —
CELH
- 1D
- -7.53%
- 1M
- -17.21%
- YTD
- -39.33%
- 6M
- -34.95%
- 1Y
- -30.78%
- 3Y*
- -16.68%
- 5Y*
- 1.28%
- 10Y*
- 42.16%
OTLY vs. CELH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OTLY Oatly Group AB | -19.74% | -19.36% | -43.83% | -32.18% | -78.14% | -60.59% |
CELH Celsius Holdings, Inc. | -39.33% | 73.65% | -51.69% | 57.21% | 39.52% | 30.25% |
Correlation
The correlation between OTLY and CELH is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 21, 2021 | 0.30 |
Over the past year, the correlation between OTLY and CELH has dropped to 0.10 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
OTLY:
$267.91M
CELH:
$7.21B
OTLY:
-$4.97
CELH:
$0.61
OTLY:
0.29
CELH:
2.27
OTLY:
75.83
CELH:
18.09
OTLY:
$893.25M
CELH:
$2.97B
OTLY:
$291.07M
CELH:
$1.47B
OTLY:
-$70.91M
CELH:
$274.27M
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Return for Risk
OTLY vs. CELH — Risk / Return Rank
OTLY
CELH
OTLY vs. CELH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oatly Group AB (OTLY) and Celsius Holdings, Inc. (CELH). 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.
| OTLY | CELH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.94 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.54 | +0.14 |
| Martin ratioReturn relative to average drawdown | -0.71 | -1.07 | +0.36 |
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
| OTLY | CELH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | -0.55 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.70 | 0.02 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | 0.64 | -1.32 |
Drawdowns
OTLY vs. CELH - Drawdown Comparison
The maximum OTLY drawdown since its inception was -98.81%, which is greater than CELH's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for OTLY and CELH.
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Drawdown Indicators
| OTLY | CELH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.81% | -77.86% | -20.95% |
Max Drawdown (1Y)Largest decline over 1 year | -54.58% | -57.22% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -84.87% | -77.86% | -7.01% |
Max Drawdown (5Y)Largest decline over 5 years | -98.81% | -77.86% | -20.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.86% | — |
Current DrawdownCurrent decline from peak | -98.51% | -71.13% | -27.38% |
Average DrawdownAverage peak-to-trough decline | -87.64% | -27.83% | -59.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.62% | 28.90% | +1.72% |
Volatility
OTLY vs. CELH - Volatility Comparison
The current volatility for Oatly Group AB (OTLY) is 18.03%, while Celsius Holdings, Inc. (CELH) has a volatility of 19.57%. This indicates that OTLY experiences smaller price fluctuations and is considered to be less risky than CELH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTLY | CELH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.03% | 19.57% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 43.94% | 37.65% | +6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.15% | 56.53% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.89% | 65.90% | +12.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.99% | 68.94% | +10.05% |
Dividends
OTLY vs. CELH - Dividend Comparison
Neither OTLY nor CELH has paid dividends to shareholders.
Financials
OTLY vs. CELH - Financials Comparison
This section allows you to compare key financial metrics between Oatly Group AB and Celsius Holdings, 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
OTLY vs. CELH - Profitability Comparison
OTLY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oatly Group AB reported a gross profit of 76.34M and revenue of 228.33M. Therefore, the gross margin over that period was 33.4%.
CELH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celsius Holdings, Inc. reported a gross profit of 378.07M and revenue of 782.62M. Therefore, the gross margin over that period was 48.3%.
OTLY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oatly Group AB reported an operating income of -11.35M and revenue of 228.33M, resulting in an operating margin of -5.0%.
CELH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celsius Holdings, Inc. reported an operating income of 138.99M and revenue of 782.62M, resulting in an operating margin of 17.8%.
OTLY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oatly Group AB reported a net income of -12.01M and revenue of 228.33M, resulting in a net margin of -5.3%.
CELH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celsius Holdings, Inc. reported a net income of 85.08M and revenue of 782.62M, resulting in a net margin of 10.9%.
Frequently Asked Questions
OTLY and CELH have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CELH has higher volatility (19.57%) compared to OTLY (18.03%). In terms of maximum drawdown, OTLY dropped -98.81% vs CELH's -77.86%.
OTLY currently has the higher Sharpe Ratio (-0.37 vs -0.55), 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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