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Relative Intelligence · Food & Beverages

How Coca-Cola Europacific Partners (CCEP) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on CCEP alone. It places CCEP (Coca-Cola Europacific Partners PLC) against 14 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where CCEP stands in the market, and of the alternatives worth a closer look.

Period covered: CCEP's full trading record, from November 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against CCEP →Chart CCEP vs. 14 alternatives →
On this page12 sections

Key findings

How much would $10,000 in CCEP have grown?

This chart tracks a hypothetical $10,000 investment in CCEP over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of CCEP over the same span and CCEP's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 444 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of CCEP; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M$10M199720022007201220172022$1,000$10,000$100,000$1M$10M19972004201120182025
  • MNST$46M+456,538% total · +33.7% a year
  • COKE$514,380+5,044% total · +14.6% a year
  • FIZZ$407,992+3,980% total · +13.6% a year
  • BALL$345,859+3,359% total · +13.0% a year
  • ABEV$151,187+1,412% total · +9.8% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • CCEP$129,076+1,191% total · +9.2% a year
  • KOF$107,079+971% total · +8.5% a year
  • KO$60,026+500% total · +6.4% a year
  • CCK$27,821+178% total · +3.6% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 679 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of CCEP; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000$60,000202120222023202420252026$0$20,000$40,000$60,000202120222023202420252026
  • LLY$52,411+424% total · +39.3% a year
  • COKE$50,300+403% total · +38.1% a year
  • CAH$49,682+397% total · +37.8% a year
  • MCK$43,941+339% total · +34.5% a year
  • DXJ$32,976+230% total · +27.0% a year
  • KOF$23,968+140% total · +19.1% a year
  • CCEP$21,567+116% total · +16.6% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • KO$18,994+89.9% total · +13.7% a year
  • CELH$9,107−8.9% total · −1.9% a year
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CCEP at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$50B
Industry
Beverages - Non-Alcoholic
Price history from
November 1986

Returns

Past 1 year
+28.3%total return
Past 3 years
+116%+29.3% a year
Past 5 years
+146%+19.7% a year
Past 10 years
+292%+14.6% a year
Best calendar year
+121%1997
Worst calendar year
−52.9%2008
Losing years
6 of 29full calendar years

Risk

Volatility
23.2%typical yearly swing, 5 years
Sharpe ratio
0.90return per unit of risk, 5 years
Worst decline ever
−79.5%Apr 1998 to Nov 2008
From its all-time high
At its highwithin 1%

CCEP against the whole market

Where CCEP ranks among every stock and fund, and what across the market has done better.

How does CCEP rank among all stocks?

This section ranks CCEP on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how CCEP stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureCCEPRankStanding
1-year return+28.3%1,019 of 3,287top 31%
3-year return+116%802 of 3,017top 27%
5-year return+146%466 of 2,893top 16%
10-year return+292%608 of 2,202top 28%
Volatility, 5 years23.2%221 of 2,893top 8%
Sharpe ratio, 5 years0.90174 of 2,893top 6%
Worst decline, past 10 years−48.8%416 of 2,187top 19%

What has beaten CCEP on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). CCEP sits where the dashed lines cross. Anything in the green box above and to the left earned more than CCEP with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to CCEP; faint dots are 2 more of the 5 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

15.0%17.5%20.0%22.5%25.0%27.5%30.0%32.5%35.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than CCEPDBJP: +20.9% a year, volatility 19.2%ATMP: +21.2% a year, volatility 21.5%CCEP: +19.7% a year, volatility 23.2%SPY (S&P 500): +12.7% a year, volatility 17.1%MCK: +38.7% a year, volatility 25.0%DXJ: +26.6% a year, volatility 19.1%LLY: +40.7% a year, volatility 32.8%CAH: +42.1% a year, volatility 24.7%ABBV: +26.1% a year, volatility 23.4%GILD: +22.8% a year, volatility 24.9%MPLX: +23.5% a year, volatility 18.8%SDCI: +20.6% a year, volatility 18.4%CCEPSPY (S&P 500)MCKDXJLLYCAHABBVGILDMPLXSDCI15.0%20.0%25.0%30.0%35.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than CCEPDBJP: +20.9% a year, volatility 19.2%ATMP: +21.2% a year, volatility 21.5%CCEP: +19.7% a year, volatility 23.2%SPY (S&P 500): +12.7% a year, volatility 17.1%MCK: +38.7% a year, volatility 25.0%DXJ: +26.6% a year, volatility 19.1%LLY: +40.7% a year, volatility 32.8%CAH: +42.1% a year, volatility 24.7%ABBV: +26.1% a year, volatility 23.4%GILD: +22.8% a year, volatility 24.9%MPLX: +23.5% a year, volatility 18.8%SDCI: +20.6% a year, volatility 18.4%CCEPSPY (S&P 500)MCKDXJLLYCAHABBVGILDMPLXSDCI
  • Popular alternatives
  • The whole market
  • Others in the green region
  • 1 with more than 1.6× CCEP's volatility is in the table only

Is there a better investment than CCEP?

Investments that beat CCEP over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat CCEP over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks CCEP's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than CCEP follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than CCEP's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× CCEP's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than CCEP's.

Screen the whole market against CCEP for any period in BetterThanSPYOpen these 10 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with CCEP?lower diversifies moreExpenseper year
CCEPCoca-Cola Europacific Partners PLC · this page
+19.7%23.2%0.90−48.8%+292%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.340.09%
Popular alternativesbest 1 shownThe investments people most often weigh against CCEP. 1 of 14 passed at least one test.
COKECoca-Cola Consolidated, Inc. · Food & Beverages
Higher return in most periods+41.2%38.0%1.10−51.7%+1,569%0.45—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 65 of 3,583 passed at least one test.
MCKMcKesson Corporation · Health Care Distribution
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+38.7%25.0%1.44−38.1%+586%0.37—
DXJWisdomTree Japan Hedged Equity Fund · International Equity
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+26.6%19.1%1.34−39.1%+428%0.390.48%
LLYEli Lilly and Company · Pharmaceuticals
Higher Sharpe, smaller worst declineHigher return in most periods+40.7%32.8%1.21−34.5%+1,807%0.25—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, similar volatilityHigher return in most periods+42.1%24.7%1.55−46.1%+349%0.31—
ABBVAbbVie Inc. · Pharmaceuticals
Higher return, similar volatilityHigher return in most periods+26.1%23.4%1.11−45.1%+603%0.24—
GILDGilead Sciences, Inc. · Biotechnology
Higher return, similar volatilityHigher return in most periods+22.8%24.9%0.95−30.5%+200%0.33—
MPLXMPLX Lp · Oil & Gas Midstream
On the frontierHigher return, lower volatility+23.5%18.8%1.22−75.2%+350%0.37—
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
On the frontierSimilar return, lower volatility+20.6%18.4%1.12−45.7%—-0.030.80%
What these numbers mean for CCEP
Annual return
CCEP returned 19.7% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $24,600. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
CCEP's volatility over the past 5 years was 23.2%, 1.4 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, CCEP's return lands within 23.2% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
CCEP's Sharpe ratio over the past 5 years was 0.90, against 0.79 for the S&P 500, so CCEP earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
CCEP's worst fall from a peak to a low over the past 10 years was 48.8%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 48.8% fall takes a 95.2% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, CCEP's monthly returns had a correlation of 0.34 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against CCEP instead: the lower it is, the more that option would diversify a CCEP holding. Guide: Correlation and diversification →
Show all 5 stocks and funds worth at least $500 million that earned more than CCEP with less volatility

Out of 3,633 tested over 5 years. The strongest 4 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with CCEPExpense
1
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.390.48%
2
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.37—
3
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.340.45%
4
ATMPBarclays ETN+ Select MLP ETN · Broad Market
Whole market+21.2%21.5%1.01−70.3%+172%0.320.95%

CCEP against its popular alternatives

The investments people most often weigh against CCEP, compared period by period and year by year.

How do CCEP's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at CCEP, which divides the map into what did better or worse on each measure.

Green points earned more than CCEP with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityCCEP: 19.7% a year, volatility 23.2%SPY (S&P 500): 12.7% a year, volatility 17.1%CELH: −0.9% a year, volatility 66.2%ABEV: 9.9% a year, volatility 30.2%MNST: 17.2% a year, volatility 24.9%FMX: 14.1% a year, volatility 25.7%FIZZ: −4.8% a year, volatility 29.9%BALL: −5.8% a year, volatility 30.6%CCK: 2.7% a year, volatility 29.0%AMCR: −0.9% a year, volatility 25.7%COKE: 41.2% a year, volatility 38.0%KOF: 22.3% a year, volatility 24.7%KO: 14.7% a year, volatility 16.8%KDP: 2.5% a year, volatility 22.1%MDLZ: 4.0% a year, volatility 20.2%PEP: −0.5% a year, volatility 19.1%CCEPSPY (S&P 500)CELHABEVMNSTFMXFIZZBALLCCKAMCRCOKEKOFKOKDPMDLZPEP10.0%20.0%30.0%40.0%50.0%60.0%70.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityCCEP: 19.7% a year, volatility 23.2%SPY (S&P 500): 12.7% a year, volatility 17.1%CELH: −0.9% a year, volatility 66.2%ABEV: 9.9% a year, volatility 30.2%MNST: 17.2% a year, volatility 24.9%FMX: 14.1% a year, volatility 25.7%FIZZ: −4.8% a year, volatility 29.9%BALL: −5.8% a year, volatility 30.6%CCK: 2.7% a year, volatility 29.0%AMCR: −0.9% a year, volatility 25.7%COKE: 41.2% a year, volatility 38.0%KOF: 22.3% a year, volatility 24.7%KO: 14.7% a year, volatility 16.8%KDP: 2.5% a year, volatility 22.1%MDLZ: 4.0% a year, volatility 20.2%PEP: −0.5% a year, volatility 19.1%CCEPSPY (S&P 500)CELHABEVMNSTFIZZBALLCCKAMCRCOKEKOFKOKDPMDLZPEP
All figures
InvestmentAnnual returnVolatility
COKE Coca-Cola Consolidated, Inc.+41.2%38.0%
KOF Coca-Cola FEMSA, S.A.B. de C.V.+22.3%24.7%
CCEP This pageCoca-Cola Europacific Partners PLC+19.7%23.2%
MNST Monster Beverage Corporation+17.2%24.9%
KO The Coca-Cola Company+14.7%16.8%
FMX Fomento Económico Mexicano, S.A.B. de C.V.+14.1%25.7%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
ABEV Ambev S.A.+9.9%30.2%
MDLZ Mondelez International, Inc.+4.0%20.2%
CCK Crown Holdings, Inc.+2.7%29.0%
KDP Keurig Dr Pepper Inc.+2.5%22.1%
PEP PepsiCo, Inc.−0.5%19.1%
CELH Celsius Holdings, Inc.−0.9%66.2%
AMCR Amcor plc−0.9%25.7%
FIZZ National Beverage Corp.−4.8%29.9%
BALL Ball Corporation−5.8%30.6%
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Has CCEP consistently beaten its popular alternatives?

This section compares CCEP with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than CCEP helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than CCEP over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
CCEP Coca-Cola Europacific Partners PLC (this page)—+12.8%+6.8%+17.8%+29.9%+28.3%+116%+146%+292%23.2%0.90−48.8%—$50B—
COKE QualifiedCoca-Cola Consolidated, Inc.3/5 short3/3 long+12.3%+17.3%+14.9%+42.9%+61.7%+255%+461%+1,569%38.0%1.10−51.7%—$14B—
KOF Beverages - Non-AlcoholicCoca-Cola FEMSA, S.A.B. de C.V.2/5 short1/3 long+7.5%+15.1%+18.1%+28.7%+46.7%+96.0%+174%+119%24.7%0.94−55.1%—$25B—
CELH Beverages - Non-AlcoholicCelsius Holdings, Inc.0/5 short1/3 long+6.9%+1.8%−11.3%−37.3%−53.5%−44.5%−4.3%+4,120%66.2%0.32−77.9%—$7.6B—
KO Beverages - Non-AlcoholicThe Coca-Cola Company4/5 short0/3 long+7.3%+14.5%+25.4%+37.9%+40.2%+86.8%+98.2%+204%16.8%0.91−37.0%—$402B—
KDP Beverages - Non-AlcoholicKeurig Dr Pepper Inc.3/5 short0/3 long+13.9%+14.6%+32.5%+27.8%+28.7%+31.9%+13.4%+281%22.1%0.23−36.9%—$47B—
ABEV Beverages - AlcoholicAmbev S.A.3/5 short0/3 long+11.8%+8.1%+8.9%+35.5%+53.0%+62.0%+60.4%−21.1%30.2%0.46−72.4%—$52B—
MNST Beverages - Non-AlcoholicMonster Beverage Corporation2/5 short0/3 long+6.9%−1.4%+21.8%+23.5%+34.9%+88.2%+121%+285%24.9%0.77−30.4%—$92B—
FMX Beverages - Non-AlcoholicFomento Económico Mexicano, S.A.B. de C.V.2/5 short0/3 long+9.3%+0.8%+15.1%+36.5%+44.0%+53.7%+92.9%+79.7%25.7%0.64−45.5%—$44B—
FIZZ Beverages - Non-AlcoholicNational Beverage Corp.1/5 short0/3 long+11.9%+12.8%+14.7%+22.7%+6.7%−5.6%−21.8%+108%29.9%-0.02−69.6%—$3.3B—
BALL Packaging & ContainersBall Corporation1/5 short0/3 long+7.5%+3.4%+0.9%+21.4%+33.6%+51.5%−25.9%+78.6%30.6%-0.04−55.1%—$17B—
CCK Packaging & ContainersCrown Holdings, Inc.0/5 short0/3 long+4.9%−0.2%+10.1%+10.5%+22.3%+50.9%+14.4%+121%29.0%0.24−48.3%—$12B—
MDLZ Food ConfectionersMondelez International, Inc.0/5 short0/3 long+7.3%+7.1%+13.6%+22.4%+5.5%+9.2%+21.5%+93.4%20.2%0.29−29.8%—$82B—
PEP Beverages - Non-AlcoholicPepsiCo, Inc.0/5 short0/3 long+3.4%0.0%−12.8%−2.9%−9.2%−6.7%−2.3%+72.6%19.1%0.07−30.3%—$183B—
AMCR Packaging & ContainersAmcor plc0/5 short0/3 long+6.1%+5.0%+10.7%+11.1%+16.5%+23.9%−4.6%—25.7%0.09−47.2%—$21B—
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How did CCEP do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where CCEP ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with CCEP and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of CCEP; gray means the two finished within a fraction of a point. The rank row places CCEP among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of CCEP20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
CCEP This pageCoca-Cola Europacific Partners PLC—+21.2%+18.3%+24.5%+2.3%+15.6%+0.5%+13.8%+18.6%+30.0%−9.3%+14.0%+2.5%+42.0%+26.0%+5.0%+74.8%+79.5%−52.9%+28.7%+7.6%−7.4%−3.9%+1.8%+15.4%+0.2%−4.9%−43.3%+1.0%+121%
Rank among alternativesTop quarter in 6 of 298 of 152 of 155 of 1510 of 157 of 1511 of 1511 of 143 of 145 of 1412 of 147 of 1411 of 142 of 147 of 1411 of 141 of 144 of 1412 of 135 of 1211 of 128 of 1211 of 1210 of 126 of 126 of 117 of 1111 of 115 of 101 of 9
SPY S&P 500State Street SPDR S&P 500 ETF14 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
COKE Coca-Cola Consolidated, Inc.15 of 29+22.6%+38.7%+82.9%−17.1%+133%−5.9%+60.7%−15.0%+23.2%−1.4%+109%+22.1%+11.9%+14.9%+7.4%+5.0%+20.0%−20.1%−12.4%+62.4%−23.2%+10.0%−16.1%+73.3%+2.8%−18.0%−16.0%−16.3%+41.7%
KOF Coca-Cola FEMSA, S.A.B. de C.V.15 of 29+27.1%−13.8%+45.1%+29.8%+24.9%−19.8%+2.5%−10.1%+12.4%−8.2%−16.1%−27.5%−17.0%+59.5%+18.3%+27.5%+53.2%−10.9%+31.0%+42.4%+15.2%+13.2%+18.7%−9.5%−9.3%+28.5%+33.8%−31.0%+102%
CELH Celsius Holdings, Inc.12 of 18+73.7%−51.7%+57.2%+39.5%+48.2%+942%+38.8%−33.7%+114%+26.3%+288%+47.1%+70.0%−4.8%−50.0%−91.7%+534%−75.1%———————————
KO The Coca-Cola Company13 of 29+15.6%+8.9%−4.4%+10.6%+11.4%+2.5%+20.6%+6.8%+14.3%−0.3%+5.2%+5.3%+17.2%+6.5%+9.5%+19.0%+30.4%−24.0%+30.4%+23.2%−0.8%−16.2%+18.2%−5.5%−21.9%+6.1%−12.2%+1.3%+27.9%
KDP Keurig Dr Pepper Inc.9 of 17−10.1%−1.1%−4.2%−1.2%+17.5%+13.1%+15.4%+70.3%+25.4%+12.7%+51.5%+74.9%+36.4%+37.5%+37.5%+44.3%+80.1%————————————
ABEV Ambev S.A.14 of 28+42.4%−30.1%+8.8%+2.3%−4.7%−32.8%+21.9%−37.7%+33.5%+14.1%−25.3%−11.1%−10.6%+49.9%+15.1%+57.3%+150%−43.8%+57.3%+37.6%−22.8%+155%+64.1%−21.7%−26.1%+123%+23.3%−28.0%—
MNST Monster Beverage Corporation17 of 29+45.9%−8.8%+13.5%+5.7%+3.9%+45.5%+29.1%−22.2%+42.7%−10.7%+37.5%+59.8%+28.1%+14.8%+76.1%+36.3%+14.3%−24.3%+31.2%+72.0%+332%+332%+99.5%+0.5%+8.4%−10.1%−19.8%+197%+70.6%
FMX Fomento Económico Mexicano, S.A.B. de C.V.11 of 27+26.8%−32.0%+70.1%+2.9%+4.0%−17.8%+11.7%−6.9%+25.1%−16.2%+6.5%−10.1%+0.4%+46.8%+26.9%+18.3%+60.6%−20.2%0.0%+61.3%+39.4%+44.2%+2.3%+7.0%+17.1%−31.8%+68.9%——
FIZZ National Beverage Corp.15 of 29−25.3%−8.0%+6.9%+2.6%+13.4%+77.1%−28.9%−23.9%+93.8%+15.7%+101%+12.2%+38.3%+5.9%+22.4%+23.9%+53.9%+12.1%−26.3%+60.4%+17.6%+12.0%+6.4%+29.4%+32.1%+8.7%−11.8%−7.6%+12.8%
BALL Ball Corporation15 of 29−2.4%−3.0%+14.2%−46.2%+4.1%+45.2%+41.9%+22.7%+1.8%+3.9%+7.5%+33.1%+16.7%+26.5%+5.7%+32.4%+25.5%−6.7%+4.1%+10.8%−8.9%+49.0%+17.5%+45.8%+55.1%+19.1%−12.5%+30.9%+37.5%
CCK Crown Holdings, Inc.11 of 29+25.9%−9.1%+13.3%−25.0%+11.3%+38.1%+74.5%−26.1%+7.0%+3.7%−0.4%+14.2%+21.1%+9.6%+0.6%+30.4%+33.3%−25.1%+22.6%+7.1%+42.1%+51.8%+13.9%+213%−65.9%−64.3%−24.8%−37.0%−6.0%
MDLZ Mondelez International, Inc.12 of 24−7.0%−15.3%+11.2%+2.9%+15.9%+8.6%+40.4%−4.3%−1.6%+0.6%+25.4%+4.6%+41.7%+121%+24.7%+22.8%+8.8%−13.0%−4.1%+32.6%−17.3%+14.4%−14.4%+16.9%—————
PEP PepsiCo, Inc.13 of 29−1.8%−7.6%−3.3%+6.8%+20.5%+11.7%+27.4%−4.8%+17.8%+7.8%+8.8%+17.3%+24.6%+6.4%+4.8%+10.7%+14.6%−26.0%+23.8%+7.9%+15.3%+13.8%+12.1%−12.2%−0.6%+42.6%−12.4%+14.3%+25.7%
AMCR Amcor plc2 of 6−6.2%+2.6%−15.0%+3.2%+6.2%+13.4%———————————————————————
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Risk and diversification

How CCEP has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were CCEP's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents CCEP's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means CCEP fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringCCEP fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−79.5%−20.7%Apr 1998Nov 200810.6 yearsNov 20102 years
Covid crash−48.8%−24.4%Oct 2019Mar 20205 monthsApr 202113 months
No named crash−46.3%—Aug 1987Aug 19925 yearsFeb 19952.5 years
2022 bear market−29.5%−0.2%Jun 2021Mar 20229 monthsMar 202312 months
No named crash−23.5%+2.0%Sep 2016Dec 20163 monthsMay 20175 months

How did CCEP do in stock market crashes?

This section measures how far CCEP, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than CCEP.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
CCEP This pageCoca-Cola Europacific Partners PLC—−1.5%−28.2%−47.6%−7.4%−2.9%−13.8%−20.4%−0.6%−71.0%−40.3%
SPY S&P 500State Street SPDR S&P 500 ETF5 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
COKE Coca-Cola Consolidated, Inc.3 of 10−4.5%−35.5%−30.4%−21.3%−8.5%−28.4%−21.5%−1.8%−48.4%−37.8%
KOF Coca-Cola FEMSA, S.A.B. de C.V.5 of 10−4.9%−12.4%−40.1%−10.3%−7.0%−19.3%−14.2%−0.4%−57.7%−35.1%
CELH Celsius Holdings, Inc.1 of 9−7.4%−41.3%−51.8%−26.2%−13.9%−40.9%−50.0%0.0%−95.3%—
KO The Coca-Cola Company7 of 10−1.4%−16.7%−37.0%−8.8%−7.8%−8.8%−8.3%0.0%−40.6%−31.3%
KDP Keurig Dr Pepper Inc.6 of 8−1.5%−12.2%−33.5%−13.6%−1.7%−9.7%−13.0%0.0%——
ABEV Ambev S.A.5 of 10−2.7%−25.8%−42.9%−18.8%−4.4%−30.4%−17.6%0.0%−60.4%−52.7%
MNST Monster Beverage Corporation4 of 10−2.9%−25.9%−27.6%−20.1%−7.0%−25.7%−14.6%−12.4%−69.2%−50.4%
FMX Fomento Económico Mexicano, S.A.B. de C.V.3 of 10−3.9%−28.7%−39.6%−18.2%−8.2%−16.4%−16.0%−0.5%−61.0%−48.5%
FIZZ National Beverage Corp.4 of 10−2.6%−33.1%−19.5%−36.1%−12.0%−30.3%−10.1%−1.1%−31.0%−34.6%
BALL Ball Corporation3 of 10−5.6%−50.7%−33.9%−16.0%−3.7%−15.5%−23.5%−2.5%−49.4%−34.8%
CCK Crown Holdings, Inc.2 of 10−5.7%−38.2%−44.8%−22.9%−10.1%−18.1%−24.9%−2.5%−52.1%−94.7%
MDLZ Mondelez International, Inc.6 of 9−0.5%−18.3%−29.3%−12.3%−7.4%−22.3%−7.4%0.0%−38.2%—
PEP PepsiCo, Inc.7 of 10−0.8%−11.9%−28.3%−12.3%−7.2%−10.2%−8.3%−0.2%−40.4%−33.0%
AMCR Amcor plc2 of 3−1.9%−20.7%−41.4%———————
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How closely does CCEP move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares CCEP with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than CCEP's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
CCEP This pageCoca-Cola Europacific Partners PLC69%56%1.250.66
COKE Coca-Cola Consolidated, Inc.123%60%2.050.81
KDP Keurig Dr Pepper Inc.59%38%1.560.56
CELH Celsius Holdings, Inc.195%127%1.541.54
KO The Coca-Cola Company57%44%1.290.47
MNST Monster Beverage Corporation87%87%0.990.80
KOF Coca-Cola FEMSA, S.A.B. de C.V.63%73%0.860.68
MDLZ Mondelez International, Inc.45%55%0.820.52
FMX Fomento Económico Mexicano, S.A.B. de C.V.50%63%0.800.72
CCK Crown Holdings, Inc.69%91%0.760.87
PEP PepsiCo, Inc.48%65%0.750.48
FIZZ National Beverage Corp.73%99%0.730.94
BALL Ball Corporation51%73%0.700.74
ABEV Ambev S.A.49%121%0.410.85
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What diversifies CCEP?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with CCEP's. Because such investments tend not to fall at the same time, pairing CCEP with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which CCEP lost money. The last two columns show a portfolio that is 80% CCEP and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20162008200520042000199980/20 mix volatility80/20 mix annual return
CCEP Coca-Cola Europacific Partners PLC (this page)1.00+146%0.90−9.3%−52.9%−7.4%−3.9%−4.9%−43.3%23.3%+16.6%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.39+225%1.34+1.1%−20.8%————19.8%+19.1%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.46+101%1.04+29.8%—————20.2%+16.8%
SMH TechnologyVanEck Semiconductor ETF0.18+323%0.97+35.6%−44.7%+10.8%−19.3%——21.1%+21.8%
GLD CommoditiesSPDR Gold Shares0.22+126%0.96+8.0%+4.9%+17.8%———19.7%+17.5%
DIVO Dividend & IncomeAmplify CWP Enhanced Dividend Income ETF0.47+69.0%0.95——————19.9%+16.0%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.27+136%0.93+7.4%—————20.2%+18.2%
XLE EnergyState Street Energy Select Sector SPDR ETF0.19+177%0.93+28.0%−39.0%+40.1%+33.8%+24.4%+18.1%20.3%+18.8%
FDVV Dividend & IncomeFidelity High Dividend ETF0.49+85.9%0.92——————20.3%+16.5%

Stocks

InvestmentCorrelation5Y returnSharpe20162008200520042000199980/20 mix volatility80/20 mix annual return
CCEP Coca-Cola Europacific Partners PLC (this page)1.00+146%0.90−9.3%−52.9%−7.4%−3.9%−4.9%−43.3%23.3%+16.6%
CAH Medical - DistributionCardinal Health, Inc.0.31+479%1.55−17.5%−39.6%+18.7%−4.7%+108%−36.8%20.9%+21.4%
CLS Hardware, Equipment & PartsCelestica Inc.0.04+3,143%1.47+7.4%−20.5%−25.2%−6.4%−2.3%+350%22.5%+34.9%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.20+1,636%1.46+18.3%−15.2%+20.1%+40.0%−71.1%−58.7%22.3%+30.5%
MCK Medical - DistributionMcKesson Corporation0.37+413%1.44−28.3%−40.4%+64.9%−1.4%+61.2%−71.3%21.1%+20.7%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.08+690%1.41+0.7%—————20.3%+23.8%
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Common questions

What was CCEP's worst drawdown?

CCEP's deepest decline since it began trading in 1986 was 79.5%, from April 1998 to November 2008. It took 24 months from the low to climb back to its old high.

What were CCEP's best and worst years?

Over 29 full calendar years, CCEP's best year was 1997, when it returned 121%. Its worst was 2008, with a return of -52.9%.

Is there a better investment than CCEP?

Among CCEP's popular alternatives, COKE was ahead of CCEP in most short and long periods, though with much bigger swings (38.0% volatility against 23.2%). Few investments have done better on both counts: only five of the 3,633 stocks and funds worth at least $500 million earned more than CCEP with less volatility over the past 5 years, among them MPLX, DXJ and DBJP.

Is CCEP more volatile than the S&P 500?

Yes. CCEP's volatility over the past 5 years was 23.2%, 1.4 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, CCEP's return lands within 23.2% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is CCEP's Sharpe ratio?

CCEP's Sharpe ratio over the past 5 years was 0.90, against 0.79 for the S&P 500, so CCEP earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is CCEP with the S&P 500?

Over the past 5 years, CCEP's monthly returns had a correlation of 0.34 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against CCEP instead: the lower it is, the more that option would diversify a CCEP holding.

What are the best alternatives to CCEP?

Of the 14 popular alternatives we compared, one outperformed CCEP in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: COKE.

Did CCEP outperform the S&P 500?

CCEP finished ahead of the S&P 500 (SPY) in 15 of 29 full calendar years. In 2025, it returned +21.2%, against +17.7% for the index.

How did CCEP do in stock market crashes?

CCEP fell less than the S&P 500 (SPY) in five of the ten major crashes it has traded through, and further in five. The clearest case was the late-2018 sell-off, when CCEP fell 7.4% and the S&P 500 fell 19.3%.

What diversifies CCEP?

These had a low correlation with CCEP over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.39), EMLP (correlation 0.46) and SMH (correlation 0.18); among large stocks, CAH (correlation 0.31), CLS (correlation 0.04) and FIX (correlation 0.20). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to CCEP

Other stocks and ETFs