KO vs LINK: Correlation
Coca-Cola Company (The) (KO) and Interlink Electronics, Inc. (LINK) 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 KO and LINK?
Over the past 3 years, KO and LINK moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -305.2 %².
Among the 43 assets we track against KO, LINK sits near the bottom by co-movement, at rank #39. Correlation aside, the last 12 months split them widely, with KO ahead by 34.6 points (+33.1% versus -1.5%). Risk is not evenly split, since LINK carries 5.3 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.
KO vs LINK: side by side
| KO (Coca-Cola Company (The)) | LINK (Interlink Electronics, Inc.) | |
|---|---|---|
| 1-year return | +33.1% | -1.5% |
| 5-year return | +83.8% | +17.2% |
| Volatility (ann.) | 15.4% | 81.3% |
| Beta vs S&P 500 | 0.11 | 1.01 |
| Max drawdown (3Y) | -15.5% | -71.3% |
| Market cap | $383.2B | $0.1B |
| P/E (trailing) | 27.0 | – |
| Dividend yield | 2.31% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KO | LINK |
|---|---|---|
| 2022 | +10.6% | -15.7% |
| 2023 | -4.4% | +56.5% |
| 2024 | +8.9% | -26.8% |
| 2025 | +15.6% | -6.7% |
| 2026 | +29.1% | +34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KO and LINK good diversifiers for each other?
Yes. With a correlation of -0.24, KO and LINK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KO and LINK?
The KO/LINK correlation stands at -0.24 on a 3-year window (1 year: -0.40, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is LINK a good diversifier for KO?
Yes. With a correlation of -0.24, KO and LINK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
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Related comparisons
Hubs: KO correlations · LINK correlations
