SHEL vs. KO
SHEL (Shell plc) and KO (The Coca-Cola Company) are both stocks. SHEL operates in Oil & Gas Integrated (Energy), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, SHEL returned 10.72%/yr vs 10.64%/yr for KO. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
SHEL vs. KO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SHEL having a 27.49% return and KO slightly lower at 26.97%. Both investments have delivered pretty close results over the past 10 years, with SHEL having a 10.72% annualized return and KO not far behind at 10.64%.
SHEL
- 1D
- 1.62%
- 1M
- 17.89%
- 6M
- 21.62%
- YTD
- 27.49%
- 1Y
- 32.66%
- 3Y*
- 19.34%
- 5Y*
- 23.15%
- 10Y*
- 10.72%
- ALL TIME*
- 6.78%
KO
- 1D
- -1.02%
- 1M
- 4.10%
- 6M
- 18.65%
- YTD
- 26.97%
- 1Y
- 30.80%
- 3Y*
- 15.70%
- 5Y*
- 12.23%
- 10Y*
- 10.64%
- ALL TIME*
- 12.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.49B | $1.47B | $1.44B | |
SHEL Shell plc | $678.43M | $587.70M | $593.39M |
SHEL vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHEL Shell plc | 27.49% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -7.23% | 21.67% |
KO The Coca-Cola Company | 26.97% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between SHEL and KO is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2005 | 0.28 |
Over the past year, the correlation between SHEL and KO has dropped to 0.02 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
SHEL:
$256.45B
KO:
$376.85B
SHEL:
$9.02
KO:
$3.32
SHEL:
10.20
KO:
26.39
SHEL:
0.51
KO:
3.18
SHEL:
0.89
KO:
7.54
SHEL:
1.43
KO:
10.45
SHEL:
$296.60B
KO:
$50.13B
SHEL:
$50.77B
KO:
$31.02B
SHEL:
$67.91B
KO:
$19.57B
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Return for Risk
SHEL vs. KO — Risk / Return Rank
SHEL
KO
SHEL vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shell plc (SHEL) 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.
| SHEL | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 4.17 | -2.37 |
| Martin ratioReturn relative to average drawdown | 5.52 | 9.09 | -3.57 |
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Drawdowns
SHEL vs. KO - Drawdown Comparison
The maximum SHEL drawdown since its inception was -71.57%, roughly equal to the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for SHEL and KO.
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Drawdown Indicators
| SHEL | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.57% | -68.23% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -17.98% | -7.87% | -10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -15.50% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -25.04% | -17.27% | -7.77% |
Max Drawdown (10Y)Largest decline over 10 years | -71.57% | -36.99% | -34.58% |
Current DrawdownCurrent decline from peak | -1.42% | -1.67% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -16.69% | -16.06% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 3.60% | +2.26% |
Volatility
SHEL vs. KO - Volatility Comparison
The current volatility for Shell plc (SHEL) is 7.11%, while The Coca-Cola Company (KO) has a volatility of 9.09%. This indicates that SHEL experiences smaller price fluctuations and is considered to be less risky 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
| SHEL | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 9.09% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 18.17% | 15.06% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.99% | 18.66% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.01% | 16.64% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.67% | 18.42% | +12.25% |
Dividends
SHEL vs. KO - Dividend Comparison
SHEL's dividend yield for the trailing twelve months is around 3.22%, more than KO's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 2.37% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
SHEL Shell plc | 3.22% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Financials
SHEL vs. KO - Financials Comparison
This section allows you to compare key financial metrics between Shell plc 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
SHEL vs. KO - Profitability Comparison
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Shell plc reported a gross profit of 18.48B and revenue of 94.66B. Therefore, the gross margin over that period was 19.5%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Coca-Cola Company reported a gross profit of 8.42B and revenue of 13.38B. Therefore, the gross margin over that period was 62.9%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Shell plc reported an operating income of 15.18B and revenue of 94.66B, resulting in an operating margin of 16.0%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Coca-Cola Company reported an operating income of 4.67B and revenue of 13.38B, resulting in an operating margin of 34.9%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Shell plc reported a net income of 10.82B and revenue of 94.66B, resulting in a net margin of 11.4%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Coca-Cola Company reported a net income of 4.43B and revenue of 13.38B, resulting in a net margin of 33.1%.
Frequently Asked Questions
SHEL and KO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (9.09%) compared to SHEL (7.11%). In terms of maximum drawdown, SHEL dropped -71.57% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.76 vs 1.48), 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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