PH vs. KO
PH (Parker-Hannifin Corporation) and KO (The Coca-Cola Company) are both stocks. PH operates in Specialty Industrial Machinery (Industrials), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, PH returned 25.75%/yr vs 9.61%/yr for KO. At a 0.27 correlation, their price movements are largely independent.
Performance
PH vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, PH achieves a 9.82% return, which is significantly lower than KO's 21.02% return. Over the past 10 years, PH has outperformed KO with an annualized return of 25.75%, while KO has yielded a comparatively lower 9.61% annualized return.
PH
- 1D
- 1.27%
- 1M
- 6.53%
- 6M
- 4.80%
- YTD
- 9.82%
- 1Y
- 35.63%
- 3Y*
- 35.53%
- 5Y*
- 26.90%
- 10Y*
- 25.75%
KO
- 1D
- 1.04%
- 1M
- 1.82%
- 6M
- 19.99%
- YTD
- 21.02%
- 1Y
- 22.88%
- 3Y*
- 15.28%
- 5Y*
- 12.19%
- 10Y*
- 9.61%
PH vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PH Parker-Hannifin Corporation | 9.82% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
KO The Coca-Cola Company | 21.02% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between PH and KO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.27 |
The correlation between PH and KO shifts across timeframes, from -0.03 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PH:
$121.20B
KO:
$359.21B
PH:
$27.15
KO:
$3.18
PH:
35.40
KO:
26.29
PH:
1.49
KO:
3.17
PH:
5.87
KO:
7.31
PH:
7.90
KO:
10.71
PH:
$20.99B
KO:
$49.28B
PH:
$7.81B
KO:
$30.43B
PH:
$5.31B
KO:
$18.35B
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Return for Risk
PH vs. KO — Risk / Return Rank
PH
KO
PH vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parker-Hannifin Corporation (PH) 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.
| PH | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.94 | -1.09 |
| Martin ratioReturn relative to average drawdown | 5.33 | 6.43 | -1.10 |
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Drawdowns
PH vs. KO - Drawdown Comparison
The maximum PH drawdown since its inception was -66.92%, roughly equal to the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for PH and KO.
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Drawdown Indicators
| PH | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.92% | -68.23% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -19.34% | -7.87% | -11.47% |
Max Drawdown (3Y)Largest decline over 3 years | -26.79% | -16.26% | -10.53% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -17.27% | -11.37% |
Max Drawdown (10Y)Largest decline over 10 years | -54.68% | -36.99% | -17.69% |
Current DrawdownCurrent decline from peak | -5.82% | -0.77% | -5.05% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -16.07% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 3.59% | +3.14% |
Volatility
PH vs. KO - Volatility Comparison
Parker-Hannifin Corporation (PH) has a higher volatility of 7.92% compared to The Coca-Cola Company (KO) at 6.59%. This indicates that PH'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
| PH | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 6.59% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 19.35% | 13.54% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.35% | 17.27% | +8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.69% | 16.32% | +12.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.59% | 18.29% | +13.30% |
Dividends
PH vs. KO - Dividend Comparison
PH's dividend yield for the trailing twelve months is around 0.77%, less than KO's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 2.49% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
PH Parker-Hannifin Corporation | 0.77% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Financials
PH vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Parker-Hannifin Corporation 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
PH vs. KO - Profitability Comparison
PH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Parker-Hannifin Corporation reported a gross profit of 2.02B and revenue of 5.49B. Therefore, the gross margin over that period was 36.8%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
PH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Parker-Hannifin Corporation reported an operating income of 1.13B and revenue of 5.49B, resulting in an operating margin of 20.7%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
PH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Parker-Hannifin Corporation reported a net income of 904.00M and revenue of 5.49B, resulting in a net margin of 16.5%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
PH and KO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PH has higher volatility (7.92%) compared to KO (6.59%). In terms of maximum drawdown, PH dropped -66.92% vs KO's -68.23%.
PH currently has the higher Sharpe Ratio (1.42 vs 1.34), 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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