COKE vs FLD: Correlation
Coca-Cola Consolidated, Inc. (COKE) and Fold Holdings, Inc. (FLD) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COKE and FLD?
Over the past 3 years, COKE and FLD moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -639.2 %².
Out of 10 assets tracked against COKE, FLD lands near the bottom at #9. The last year tells two different stories: COKE led by 150.4 percentage points, +66.8% for COKE against -83.6% for FLD. Risk is not evenly split, since FLD carries 2.3 times the volatility of the other side.
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.
COKE vs FLD: side by side
| COKE (Coca-Cola Consolidated, Inc.) | FLD (Fold Holdings, Inc.) | |
|---|---|---|
| 1-year return | +66.8% | -83.6% |
| 5-year return | +408.3% | -93.7% |
| Volatility (ann.) | 34.3% | 78.8% |
| Beta vs S&P 500 | 0.28 | 0.49 |
| Max drawdown (3Y) | -27.4% | -96.7% |
| Market cap | $13.0B | – |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 0.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COKE | FLD |
|---|---|---|
| 2022 | -17.1% | – |
| 2023 | +82.9% | +5.3% |
| 2024 | +38.7% | +5.2% |
| 2025 | +22.6% | -76.5% |
| 2026 | +27.5% | -76.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COKE and FLD good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between COKE and FLD?
As of 2026-08-27, the correlation of weekly returns between COKE and FLD is -0.24 over 3 years, -0.26 over 1 year and -0.18 over 5 years.
Is FLD a good diversifier for COKE?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coke-vs-fld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coke-vs-fld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COKE correlations · FLD correlations
