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SPYV vs. KO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPYV vs. KO

Last updated Jun 13, 2026

SPYV (SPDR Portfolio S&P 500 Value ETF) is S&P 500 fund tracking the S&P 500 Value Index, while KO (The Coca-Cola Company) is a stock. Over the past 10 years, SPYV returned 12.08%/yr vs 9.55%/yr for KO. At a 0.46 correlation, their price movements are largely independent.

Performance

SPYV vs. KO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) and The Coca-Cola Company (KO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPYV achieves a 8.25% return, which is significantly lower than KO's 18.99% return. Over the past 10 years, SPYV has outperformed KO with an annualized return of 12.08%, while KO has yielded a comparatively lower 9.55% annualized return.

SPYV

1D
0.69%
1M
1.81%
YTD
8.25%
6M
8.02%
1Y
20.65%
3Y*
15.13%
5Y*
10.98%
10Y*
12.08%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYV vs. KO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPYV
SPDR Portfolio S&P 500 Value ETF		8.25%13.18%12.24%22.20%-5.28%24.91%1.38%31.70%-9.01%15.40%
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 SPYV and KO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2000

0.46

Over the past year, the correlation between SPYV and KO has dropped to 0.14 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Portfolio S&P 500 Value ETF

The Coca-Cola Company

Often compared with SPYV:
SPYV vs. SPYGSPYV vs. VTVSPYV vs. SPYSPYV vs. SCHDSPYV vs. BRK-BSPYV vs. SPHQSPYV vs. SPYD
Often compared with KO:
KO vs. PEPKO vs. PGKO vs. MCDKO vs. VOOKO vs. SCHDKO vs. KOFKO vs. BRK-B

Return for Risk

SPYV vs. KO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYV
SPYV Risk / Return Rank: 7575
Overall Rank
SPYV Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPYV Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPYV Omega Ratio Rank: 7373
Omega Ratio Rank
SPYV Calmar Ratio Rank: 7575
Calmar Ratio Rank
SPYV Martin Ratio Rank: 7777
Martin Ratio Rank
KO
KO Risk / Return Rank: 7474
Overall Rank
KO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
KO Sortino Ratio Rank: 7272
Sortino Ratio Rank
KO Omega Ratio Rank: 6767
Omega Ratio Rank
KO Calmar Ratio Rank: 7979
Calmar Ratio Rank
KO Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYV vs. KO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) 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.

SPYVKODifference
Sharpe ratioReturn per unit of total volatility
2.08
1.06

+1.02

Sortino ratioReturn per unit of downside risk
2.92
1.73

+1.19

Omega ratioGain probability vs. loss probability

1.37

1.19

+0.18

Calmar ratioReturn relative to maximum drawdown

3.33

2.26

+1.08

Martin ratioReturn relative to average drawdown

12.73

4.51

+8.21

SPYV vs. KO - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 2.08, which is higher than the KO Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of SPYV and KO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPYV vs. KO - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for SPYV and KO.

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Drawdown Indicators

SPYVKODifference

Max Drawdown

Largest peak-to-trough decline

-58.45%

-68.23%

+9.78%

Max Drawdown (1Y)

Largest decline over 1 year

-6.22%

-7.87%

+1.65%

Max Drawdown (3Y)

Largest decline over 3 years

-17.54%

-16.26%

-1.28%

Max Drawdown (5Y)

Largest decline over 5 years

-17.89%

-17.27%

-0.62%

Max Drawdown (10Y)

Largest decline over 10 years

-36.89%

-36.99%

+0.10%

Current Drawdown

Current decline from peak

-0.18%

-1.16%

+0.98%

Average Drawdown

Average peak-to-trough decline

-8.71%

-16.09%

+7.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

3.98%

-2.35%

Volatility

SPYV vs. KO - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.70%, while The Coca-Cola Company (KO) has a volatility of 6.70%. This indicates that SPYV 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

SPYVKODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.70%

6.70%

-4.00%

Volatility (6M)

Calculated over the trailing 6-month period

7.26%

12.87%

-5.61%

Volatility (1Y)

Calculated over the trailing 1-year period

9.97%

16.73%

-6.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.42%

16.18%

-1.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.94%

18.24%

-1.30%

Dividends

SPYV vs. KO - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.68%, less than KO's 2.49% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SPYV
SPDR Portfolio S&P 500 Value ETF		1.68%1.77%2.29%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%

Frequently Asked Questions

SPYV and KO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KO has higher volatility (6.70%) compared to SPYV (2.70%). In terms of maximum drawdown, SPYV dropped -58.45% vs KO's -68.23%.

SPYV currently has the higher Sharpe Ratio (2.08 vs 1.06), 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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