COIN vs KO: Correlation
How closely do Coinbase (COIN) and Coca-Cola Company (The) (KO) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COIN and KO?
On 3 years of weekly data the COIN/KO correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.26 versus -0.14 over 3 years. The 5-year figure is -0.02, and annualized covariance runs at -174.5 %².
Among the 34 assets we track against COIN, KO ranks #26 by 3-year correlation. The last year tells two different stories: KO led by 71.4 percentage points, -38.3% for COIN against +33.1% for KO. The relationship is regime-dependent: the rolling one-year correlation swung between -0.39 and 0.13 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: COIN is 5.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
COIN vs KO: side by side
| COIN (Coinbase) | KO (Coca-Cola Company (The)) | |
|---|---|---|
| 1-year return | -38.3% | +33.1% |
| 5-year return | -27.4% | +83.8% |
| Volatility (ann.) | 80.0% | 15.4% |
| Beta vs S&P 500 | 2.66 | 0.11 |
| Max drawdown (3Y) | -66.4% | -15.5% |
| Market cap | $50.3B | $383.2B |
| P/E (trailing) | – | 27.0 |
| Dividend yield | 0.00% | 2.31% |
| Sector / category | Financials | Consumer Staples |
Year-by-year returns
| Year | COIN | KO |
|---|---|---|
| 2022 | -86.0% | +10.6% |
| 2023 | +391.4% | -4.4% |
| 2024 | +42.8% | +8.9% |
| 2025 | -8.9% | +15.6% |
| 2026 | -15.7% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COIN and KO good diversifiers for each other?
Yes. With a correlation of -0.14, COIN and KO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COIN and KO?
As of 2026-08-27, the correlation of weekly returns between COIN and KO is -0.14 over 3 years, -0.26 over 1 year and -0.02 over 5 years.
Is KO a good diversifier for COIN?
Yes. With a correlation of -0.14, COIN and KO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
A reading of -0.14 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coin-vs-ko.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coin-vs-ko/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COIN correlations · KO correlations
