KO vs PLTR: Correlation
Measured on weekly returns over the past three years, Coca-Cola Company (The) (KO) and Palantir Technologies (PLTR) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KO and PLTR?
On 3 years of weekly data the KO/PLTR correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.22). The 5-year figure is -0.09, and annualized covariance runs at -246.1 %².
Among the 43 assets we track against KO, PLTR ranks #35 by 3-year correlation. On 12-month performance KO holds a 14.5-point edge, +33.1% against +18.6%. On a rolling one-year basis the correlation drifted between -0.40 and 0.01, a moderate band. One caveat on sizing: PLTR is 4.6 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.
KO vs PLTR: side by side
| KO (Coca-Cola Company (The)) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | +33.1% | +18.6% |
| 5-year return | +83.8% | +621.8% |
| Volatility (ann.) | 15.4% | 71.3% |
| Beta vs S&P 500 | 0.11 | 2.47 |
| Max drawdown (3Y) | -15.5% | -48.2% |
| Market cap | $383.2B | $446.8B |
| P/E (trailing) | 27.0 | 151.2 |
| Dividend yield | 2.31% | 0.00% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | KO | PLTR |
|---|---|---|
| 2022 | +10.6% | -64.7% |
| 2023 | -4.4% | +167.4% |
| 2024 | +8.9% | +340.5% |
| 2025 | +15.6% | +135.0% |
| 2026 | +29.1% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KO and PLTR good diversifiers for each other?
Yes. With a correlation of -0.22, KO and PLTR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KO and PLTR?
As of 2026-08-27, the correlation of weekly returns between KO and PLTR is -0.22 over 3 years, -0.39 over 1 year and -0.09 over 5 years.
Is PLTR a good diversifier for KO?
Yes. With a correlation of -0.22, KO and PLTR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KO correlations · PLTR correlations
