KO vs ZTR: Correlation
Measured on weekly returns over the past three years, Coca-Cola Company (The) (KO) and Virtus Total Return Fund Inc. (ZTR) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KO and ZTR?
Across a 3-year window, the weekly returns of KO and ZTR correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 95.6 %².
Among the 43 assets we track against KO, ZTR ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KO outperformed by 15.1 percentage points (+33.1% for KO against +18.0% for ZTR).
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 ZTR: side by side
| KO (Coca-Cola Company (The)) | ZTR (Virtus Total Return Fund Inc.) | |
|---|---|---|
| 1-year return | +33.1% | +18.0% |
| 5-year return | +83.8% | +27.0% |
| Volatility (ann.) | 15.4% | 14.0% |
| Beta vs S&P 500 | 0.11 | 0.40 |
| Max drawdown (3Y) | -15.5% | -18.3% |
| Market cap | $383.2B | $0.3B |
| P/E (trailing) | 27.0 | 5.7 |
| Dividend yield | 2.31% | 8.75% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KO | ZTR |
|---|---|---|
| 2022 | +10.6% | -21.3% |
| 2023 | -4.4% | -3.2% |
| 2024 | +8.9% | +18.3% |
| 2025 | +15.6% | +18.6% |
| 2026 | +29.1% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KO and ZTR good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KO and ZTR?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.45 over the last year and 0.44 over 5 years.
Is ZTR a good diversifier for KO?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ko-vs-ztr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ko-vs-ztr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KO correlations · ZTR correlations
