KO vs OKTA: Correlation
How closely do Coca-Cola Company (The) (KO) and Okta, Inc. (OKTA) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KO and OKTA?
Over the past 3 years, KO and OKTA 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 (-0.34) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.00, and the annualized covariance of weekly returns is -203.7 %².
Among the 43 assets we track against KO, OKTA sits near the bottom by co-movement, at rank #40. Their recent paths diverged sharply: over the last 12 months OKTA outperformed by 52.8 percentage points (+33.1% for KO against +85.9% for OKTA). Note the risk asymmetry: OKTA runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 OKTA: side by side
| KO (Coca-Cola Company (The)) | OKTA (Okta, Inc.) | |
|---|---|---|
| 1-year return | +33.1% | +85.9% |
| 5-year return | +83.8% | -34.7% |
| Volatility (ann.) | 15.4% | 54.5% |
| Beta vs S&P 500 | 0.11 | 1.24 |
| Max drawdown (3Y) | -15.5% | -50.6% |
| Market cap | $383.2B | $30.2B |
| P/E (trailing) | 27.0 | 97.1 |
| Dividend yield | 2.31% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KO | OKTA |
|---|---|---|
| 2022 | +10.6% | -69.5% |
| 2023 | -4.4% | +32.5% |
| 2024 | +8.9% | -13.0% |
| 2025 | +15.6% | +9.7% |
| 2026 | +29.1% | +100.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KO and OKTA good diversifiers for each other?
Yes. With a correlation of -0.24, KO and OKTA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KO and OKTA?
The KO/OKTA correlation stands at -0.24 on a 3-year window (1 year: -0.34, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is OKTA a good diversifier for KO?
Yes. With a correlation of -0.24, KO and OKTA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: KO correlations · OKTA correlations
