KO vs MKC: Correlation
How closely do Coca-Cola Company (The) (KO) and McCormick & Company (MKC) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KO and MKC?
Over the past 3 years, KO and MKC moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 177.0 %².
Among the 43 assets we track against KO, MKC ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KO ahead by 53.4 points (+33.1% versus -20.3%). On a rolling one-year basis the correlation drifted between 0.26 and 0.68, a moderate band. Risk is not evenly split, since MKC carries 1.7 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 MKC: side by side
| KO (Coca-Cola Company (The)) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | +33.1% | -20.3% |
| 5-year return | +83.8% | -28.5% |
| Volatility (ann.) | 15.4% | 26.5% |
| Beta vs S&P 500 | 0.11 | 0.24 |
| Max drawdown (3Y) | -15.5% | -44.3% |
| Market cap | $383.2B | $14.7B |
| P/E (trailing) | 27.0 | 9.2 |
| Dividend yield | 2.31% | 3.38% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KO | MKC |
|---|---|---|
| 2022 | +10.6% | -12.7% |
| 2023 | -4.4% | -15.7% |
| 2024 | +8.9% | +14.0% |
| 2025 | +15.6% | -8.3% |
| 2026 | +29.1% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KO and MKC good diversifiers for each other?
Reasonably. At 0.43, KO and MKC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KO and MKC?
As of 2026-08-27, the correlation of weekly returns between KO and MKC is 0.43 over 3 years, 0.41 over 1 year and 0.49 over 5 years.
Is MKC a good diversifier for KO?
Reasonably. At 0.43, KO and MKC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/ko-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ko-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KO correlations · MKC correlations
