PNNT vs. KO
PNNT (PennantPark Investment Corporation) and KO (The Coca-Cola Company) are both stocks. PNNT operates in Asset Management (Financial Services), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, PNNT returned 7.07%/yr vs 9.55%/yr for KO. At a 0.24 correlation, their price movements are largely independent.
Performance
PNNT vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, PNNT achieves a -29.84% return, which is significantly lower than KO's 18.99% return. Over the past 10 years, PNNT has underperformed KO with an annualized return of 7.07%, while KO has yielded a comparatively higher 9.55% annualized return.
PNNT
- 1D
- 1.58%
- 1M
- -8.53%
- YTD
- -29.84%
- 6M
- -27.65%
- 1Y
- -33.82%
- 3Y*
- 0.38%
- 5Y*
- 0.83%
- 10Y*
- 7.07%
KO
- 1D
- 0.11%
- 1M
- 2.94%
- YTD
- 18.99%
- 6M
- 17.96%
- 1Y
- 17.68%
- 3Y*
- 14.33%
- 5Y*
- 11.29%
- 10Y*
- 9.55%
PNNT vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | -29.84% | -2.96% | 16.56% | 37.25% | -8.90% | 61.71% | -17.99% | 14.30% | 2.05% | -0.65% |
KO The Coca-Cola Company | 18.99% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between PNNT and KO is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2007 | 0.24 |
The correlation between PNNT and KO shifts across timeframes, from -0.06 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PNNT:
$302.41
KO:
$3.18
PNNT:
0.01
KO:
26.01
PNNT:
0.00
KO:
3.14
PNNT:
2.20
KO:
7.23
PNNT:
$85.01M
KO:
$49.28B
PNNT:
$24.12M
KO:
$30.43B
PNNT:
$16.10M
KO:
$18.35B
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Return for Risk
PNNT vs. KO — Risk / Return Rank
PNNT
KO
PNNT vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Investment Corporation (PNNT) 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.
| PNNT | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.19 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.26 | -3.05 |
| Martin ratioReturn relative to average drawdown | -1.65 | 4.51 | -6.16 |
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Drawdowns
PNNT vs. KO - Drawdown Comparison
The maximum PNNT drawdown since its inception was -82.16%, which is greater than KO's maximum drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for PNNT and KO.
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Drawdown Indicators
| PNNT | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -68.23% | -13.93% |
Max Drawdown (1Y)Largest decline over 1 year | -42.61% | -7.87% | -34.74% |
Max Drawdown (3Y)Largest decline over 3 years | -42.61% | -16.26% | -26.35% |
Max Drawdown (5Y)Largest decline over 5 years | -42.61% | -17.27% | -25.34% |
Max Drawdown (10Y)Largest decline over 10 years | -69.14% | -36.99% | -32.15% |
Current DrawdownCurrent decline from peak | -40.28% | -1.16% | -39.12% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -16.09% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.58% | 3.98% | +16.60% |
Volatility
PNNT vs. KO - Volatility Comparison
PennantPark Investment Corporation (PNNT) has a higher volatility of 9.97% compared to The Coca-Cola Company (KO) at 6.70%. This indicates that PNNT'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
| PNNT | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 6.70% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 23.95% | 12.87% | +11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.06% | 16.73% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 16.18% | +7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.76% | 18.24% | +14.52% |
Dividends
PNNT vs. KO - Dividend Comparison
PNNT's dividend yield for the trailing twelve months is around 24.94%, more 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% |
PNNT PennantPark Investment Corporation | 24.94% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
Financials
PNNT vs. KO - Financials Comparison
This section allows you to compare key financial metrics between PennantPark Investment 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
Frequently Asked Questions
PNNT and KO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNNT has higher volatility (9.97%) compared to KO (6.70%). In terms of maximum drawdown, PNNT dropped -82.16% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.06 vs -1.25), 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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