PEP vs. KO
PEP (PepsiCo, Inc.) is a stock, while KO (The Coca-Cola Company) is a stock. Over the past 10 years, PEP returned 7.41%/yr vs 8.70%/yr for KO. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
PEP vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, PEP achieves a 10.71% return, which is significantly lower than KO's 12.60% return. Over the past 10 years, PEP has underperformed KO with an annualized return of 7.41%, while KO has yielded a comparatively higher 8.70% annualized return.
PEP
- 1D
- 1.74%
- 1M
- -2.05%
- YTD
- 10.71%
- 6M
- 10.88%
- 1Y
- 12.51%
- 3Y*
- -1.65%
- 5Y*
- 5.23%
- 10Y*
- 7.41%
KO
- 1D
- 1.15%
- 1M
- 1.08%
- YTD
- 12.60%
- 6M
- 19.44%
- 1Y
- 15.01%
- 3Y*
- 10.90%
- 5Y*
- 11.28%
- 10Y*
- 8.70%
PEP vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEP PepsiCo, Inc. | 10.71% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
KO The Coca-Cola Company | 12.60% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between PEP and KO is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 1978 | 0.51 |
The correlation between PEP and KO shifts across timeframes, from 0.51 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PEP:
$215.92B
KO:
$337.19B
PEP:
$6.00
KO:
$3.04
PEP:
26.23
KO:
25.73
PEP:
9.31
KO:
3.10
PEP:
2.30
KO:
7.03
PEP:
10.58
KO:
10.48
PEP:
$93.93B
KO:
$47.94B
PEP:
$50.86B
KO:
$29.54B
PEP:
$14.39B
KO:
$18.18B
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Return for Risk
PEP vs. KO — Risk / Return Rank
PEP
KO
PEP vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) 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.
| PEP | KO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.96 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.55 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.80 | -0.65 |
Martin ratioReturn relative to average drawdown | 2.29 | 3.66 | -1.37 |
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
| PEP | KO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.96 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.72 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.48 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.53 | -0.15 |
Drawdowns
PEP vs. KO - Drawdown Comparison
The maximum PEP drawdown since its inception was -73.92%, which is greater than KO's maximum drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for PEP and KO.
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Drawdown Indicators
| PEP | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.92% | -68.23% | -5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -9.82% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -30.32% | -17.27% | -13.05% |
Max Drawdown (10Y)Largest decline over 10 years | -30.32% | -36.99% | +6.67% |
Current DrawdownCurrent decline from peak | -11.15% | -3.49% | -7.66% |
Average DrawdownAverage peak-to-trough decline | -13.64% | -16.12% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 4.83% | +1.47% |
Volatility
PEP vs. KO - Volatility Comparison
PepsiCo, Inc. (PEP) has a higher volatility of 5.85% compared to The Coca-Cola Company (KO) at 4.50%. This indicates that PEP'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
| PEP | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 4.50% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.97% | 11.99% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 15.91% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 15.80% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 18.16% | +1.40% |
Dividends
PEP vs. KO - Dividend Comparison
PEP's dividend yield for the trailing twelve months is around 3.61%, more than KO's 2.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEP PepsiCo, Inc. | 3.61% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
KO The Coca-Cola Company | 2.63% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Financials
PEP vs. KO - Financials Comparison
This section allows you to compare key financial metrics between PepsiCo, 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
PEP vs. KO - Profitability Comparison
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a gross profit of 15.62B and revenue of 29.34B. Therefore, the gross margin over that period was 53.2%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Coca-Cola Company reported a gross profit of 7.10B and revenue of 11.82B. Therefore, the gross margin over that period was 60.1%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported an operating income of 3.56B and revenue of 29.34B, 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 Apr 2026, The Coca-Cola Company reported an operating income of 3.11B and revenue of 11.82B, resulting in an operating margin of 26.3%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a net income of 2.54B and revenue of 29.34B, resulting in a net margin of 8.7%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Coca-Cola Company reported a net income of 2.27B and revenue of 11.82B, resulting in a net margin of 19.2%.