XAUUSD=X vs. KO
XAUUSD=X (Gold Spot Price US Dollar) is a currency, while KO (The Coca-Cola Company) is a stock. Over the past 10 years, XAUUSD=X returned 11.77%/yr vs 9.37%/yr for KO. At a 0.05 correlation, their price movements are largely independent.
Performance
XAUUSD=X vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, XAUUSD=X achieves a -6.98% return, which is significantly lower than KO's 19.04% return. Over the past 10 years, XAUUSD=X has outperformed KO with an annualized return of 11.77%, while KO has yielded a comparatively lower 9.37% annualized return.
XAUUSD=X
- 1D
- -0.13%
- 1M
- -3.24%
- 6M
- -13.90%
- YTD
- -6.98%
- 1Y
- 19.97%
- 3Y*
- 27.03%
- 5Y*
- 17.41%
- 10Y*
- 11.77%
- ALL TIME*
- 10.07%
KO
- 1D
- 0.69%
- 1M
- 3.44%
- 6M
- 18.14%
- YTD
- 19.04%
- 1Y
- 20.90%
- 3Y*
- 12.83%
- 5Y*
- 10.98%
- 10Y*
- 9.37%
- ALL TIME*
- 12.17%
XAUUSD=X vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAUUSD=X Gold Spot Price US Dollar | -6.98% | 64.75% | 27.24% | 13.14% | -0.25% | -3.50% | 24.55% | 18.77% | -1.71% | 13.14% |
KO The Coca-Cola Company | 19.04% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between XAUUSD=X and KO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2007 | 0.05 |
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Return for Risk
XAUUSD=X vs. KO — Risk / Return Rank
XAUUSD=X
KO
XAUUSD=X vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Spot Price US Dollar (XAUUSD=X) 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.
| XAUUSD=X | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 2.67 | -2.07 |
| Martin ratioReturn relative to average drawdown | 1.38 | 5.83 | -4.45 |
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Drawdowns
XAUUSD=X vs. KO - Drawdown Comparison
The maximum XAUUSD=X drawdown since its inception was -44.69%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for XAUUSD=X and KO.
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Drawdown Indicators
| XAUUSD=X | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -68.23% | +23.54% |
Max Drawdown (1Y)Largest decline over 1 year | -26.61% | -7.87% | -18.74% |
Max Drawdown (3Y)Largest decline over 3 years | -26.61% | -16.26% | -10.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.61% | -17.27% | -9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -26.61% | -36.99% | +10.38% |
Current DrawdownCurrent decline from peak | -25.79% | -3.30% | -22.49% |
Average DrawdownAverage peak-to-trough decline | -16.58% | -16.07% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 3.59% | +9.16% |
Volatility
XAUUSD=X vs. KO - Volatility Comparison
The current volatility for Gold Spot Price US Dollar (XAUUSD=X) is 5.29%, while The Coca-Cola Company (KO) has a volatility of 7.83%. This indicates that XAUUSD=X 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
| XAUUSD=X | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 7.83% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 17.01% | 14.19% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 17.98% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 16.46% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 18.37% | -3.15% |
Frequently Asked Questions
XAUUSD=X and KO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (7.83%) compared to XAUUSD=X (5.29%). In terms of maximum drawdown, XAUUSD=X dropped -44.69% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.17 vs 0.66), 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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