KO vs YUM: Correlation
Coca-Cola Company (The) (KO) and Yum! Brands (YUM) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KO and YUM?
Over the past 3 years, KO and YUM moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.40 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 132.1 %².
Within KO's tracked universe of 43 assets, YUM comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KO outperformed by 27.4 percentage points (+33.1% for KO against +5.7% for YUM). The rolling one-year correlation moved between 0.22 and 0.65 over the past three years, a moderate range.
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 YUM: side by side
| KO (Coca-Cola Company (The)) | YUM (Yum! Brands) | |
|---|---|---|
| 1-year return | +33.1% | +5.7% |
| 5-year return | +83.8% | +26.2% |
| Volatility (ann.) | 15.4% | 21.3% |
| Beta vs S&P 500 | 0.11 | 0.34 |
| Max drawdown (3Y) | -15.5% | -14.5% |
| Market cap | $383.2B | $41.1B |
| P/E (trailing) | 27.0 | 19.0 |
| Dividend yield | 2.31% | 0.95% |
| Sector / category | Consumer Staples | Consumer Discretionary |
Year-by-year returns
| Year | KO | YUM |
|---|---|---|
| 2022 | +10.6% | -6.0% |
| 2023 | -4.4% | +3.9% |
| 2024 | +8.9% | +4.7% |
| 2025 | +15.6% | +14.9% |
| 2026 | +29.1% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KO and YUM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KO and YUM?
The KO/YUM correlation stands at 0.40 on a 3-year window (1 year: 0.52, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is YUM a good diversifier for KO?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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-yum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ko-vs-yum/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KO correlations · YUM correlations
