Anheuser-Busch Inbev SA vs The Coca-Cola Company
WatchlistBUD / KOPrices through Oct 22, 2026
Why these are rivals: #1 and #3 by market value ($402B vs $163B) in Nasdaq's "Beverages (Production/Distribution)" industry; SEC SIC 2080 / 2082 (same major group).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Co-movement: daily return correlation, 252 sessions: 0.48 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -2.10 (needs <= -2.873 (5% critical value))
Business leadership
Business size
Annual revenue reported to the SEC. Scale, not market share.
| Year | BUD | KO | Larger |
|---|---|---|---|
| 2025 | - | $47.9B | - |
| 2024 | - | $47.1B | - |
| 2023 | - | $45.8B | - |
| 2022 | - | $43.0B | - |
| 2021 | - | $38.7B | - |
| 2020 | - | $33.0B | - |
Market value: BUD $163.4B, KO $401.9B.
Stock leadership
KO is ahead now
Measured against the pair's own last 252 trading days.
KO leads BUD by 0.80 standard deviations: +4.5% over its usual price ratio. 4 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| BUD | +4.7% | +18.4% | +38.2% |
| KO | +15.9% | +25.0% | +33.9% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.48 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.10 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 20.49 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
BUD Anheuser-Busch Inbev SA KO The Coca-Cola CompanyPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: BUD relative to KO, against the 252 sessions before each day. Above 0: BUD ahead; below 0: KO ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | BUD index | KO index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 129.45 | 135.35 | -0.80 | KO ahead |
| 2026-10-21 | 124.61 | 131.57 | -0.98 | KO ahead |
| 2026-10-20 | 126.18 | 132.72 | -0.91 | KO ahead |
| 2026-10-19 | 125.42 | 132.62 | -1.01 | KO ahead |
| 2026-10-16 | 125.06 | 133.30 | -1.16 | KO ahead |
| 2026-10-15 | 123.08 | 130.61 | -1.08 | KO ahead |
| 2026-10-14 | 120.38 | 130.30 | -1.44 | KO ahead |
| 2026-10-13 | 119.05 | 127.92 | -1.31 | KO ahead |
| 2026-10-12 | 118.55 | 127.47 | -1.33 | KO ahead |
| 2026-10-09 | 117.10 | 125.00 | -1.20 | KO ahead |
| 2026-10-08 | 117.22 | 124.60 | -1.12 | KO ahead |
| 2026-10-07 | 112.99 | 121.83 | -1.39 | KO ahead |
| 2026-10-06 | 114.51 | 122.33 | -1.22 | KO ahead |
| 2026-10-05 | 113.29 | 122.81 | -1.50 | KO ahead |
| 2026-10-02 | 111.19 | 121.59 | -1.67 | KO ahead |
| 2026-10-01 | 110.57 | 122.23 | -1.88 | KO ahead |
| 2026-09-30 | 111.25 | 122.20 | -1.78 | KO ahead |
| 2026-09-29 | 112.49 | 123.28 | -1.75 | KO ahead |
| 2026-09-28 | 116.75 | 123.76 | -1.13 | KO ahead |
| 2026-09-25 | 118.11 | 124.66 | -1.05 | KO ahead |
| 2026-09-24 | 117.23 | 125.07 | -1.25 | KO ahead |
| 2026-09-23 | 116.69 | 125.06 | -1.34 | KO ahead |
| 2026-09-22 | 118.41 | 125.80 | -1.18 | KO ahead |
| 2026-09-21 | 118.03 | 123.68 | -0.91 | KO ahead |
| 2026-09-18 | 117.70 | 125.28 | -1.21 | KO ahead |
| 2026-09-17 | 119.28 | 125.01 | -0.92 | KO ahead |
| 2026-09-16 | 120.99 | 124.74 | -0.60 | KO ahead |
| 2026-09-15 | 120.32 | 125.94 | -0.88 | KO ahead |
| 2026-09-14 | 120.87 | 126.85 | -0.93 | KO ahead |
| 2026-09-11 | 118.46 | 125.34 | -1.08 | KO ahead |
| 2026-09-10 | 117.58 | 124.69 | -1.12 | KO ahead |
| 2026-09-09 | 118.08 | 124.29 | -0.98 | KO ahead |
| 2026-09-08 | 120.73 | 125.44 | -0.73 | KO ahead |
| 2026-09-04 | 121.67 | 125.03 | -0.52 | KO ahead |
| 2026-09-03 | 121.47 | 126.08 | -0.70 | KO ahead |
| 2026-09-02 | 119.65 | 125.27 | -0.86 | KO ahead |
| 2026-09-01 | 119.82 | 124.93 | -0.79 | KO ahead |
| 2026-08-31 | 119.78 | 125.88 | -0.94 | KO ahead |
| 2026-08-28 | 121.34 | 127.29 | -0.90 | KO ahead |
| 2026-08-27 | 119.78 | 126.43 | -1.02 | KO ahead |
| 2026-08-26 | 118.76 | 127.88 | -1.40 | KO ahead |
| 2026-08-25 | 119.25 | 130.10 | -1.65 | KO ahead |
| 2026-08-24 | 120.08 | 130.59 | -1.60 | KO ahead |
| 2026-08-21 | 119.50 | 129.33 | -1.52 | KO ahead |
| 2026-08-20 | 117.99 | 128.48 | -1.64 | KO ahead |
| 2026-08-19 | 118.31 | 128.27 | -1.56 | KO ahead |
| 2026-08-18 | 117.25 | 126.09 | -1.41 | KO ahead |
| 2026-08-17 | 116.90 | 123.48 | -1.07 | KO ahead |
| 2026-08-14 | 120.73 | 124.52 | -0.62 | KO ahead |
| 2026-08-13 | 121.49 | 124.11 | -0.43 | near the usual relationship |
| 2026-08-12 | 119.91 | 123.10 | -0.52 | KO ahead |
| 2026-08-11 | 122.06 | 122.77 | -0.13 | near the usual relationship |
| 2026-08-10 | 125.82 | 123.32 | +0.35 | near the usual relationship |
| 2026-08-07 | 126.83 | 123.58 | +0.47 | near the usual relationship |
| 2026-08-06 | 127.15 | 123.30 | +0.57 | BUD ahead |
| 2026-08-05 | 128.98 | 123.27 | +0.84 | BUD ahead |
| 2026-08-04 | 128.09 | 122.88 | +0.77 | BUD ahead |
| 2026-08-03 | 127.27 | 123.31 | +0.60 | BUD ahead |
| 2026-07-31 | 130.95 | 124.35 | +0.97 | BUD ahead |
| 2026-07-30 | 130.44 | 125.62 | +0.71 | BUD ahead |
| 2026-07-29 | 128.51 | 126.46 | +0.32 | near the usual relationship |
| 2026-07-28 | 125.98 | 125.31 | +0.12 | near the usual relationship |
| 2026-07-27 | 122.46 | 119.35 | +0.48 | near the usual relationship |
| 2026-07-24 | 123.65 | 116.77 | +1.04 | BUD ahead |
| 2026-07-23 | 121.87 | 115.23 | +1.02 | BUD ahead |
| 2026-07-22 | 125.80 | 116.70 | +1.37 | BUD ahead |
| 2026-07-21 | 123.49 | 116.37 | +1.09 | BUD ahead |
| 2026-07-20 | 122.40 | 116.58 | +0.90 | BUD ahead |
| 2026-07-17 | 122.00 | 115.79 | +0.97 | BUD ahead |
| 2026-07-16 | 123.35 | 120.56 | +0.44 | near the usual relationship |
| 2026-07-15 | 121.00 | 117.05 | +0.62 | BUD ahead |
| 2026-07-14 | 120.18 | 117.94 | +0.36 | near the usual relationship |
| 2026-07-13 | 120.12 | 119.61 | +0.10 | near the usual relationship |
| 2026-07-10 | 120.55 | 118.53 | +0.33 | near the usual relationship |
| 2026-07-09 | 120.14 | 117.31 | +0.45 | near the usual relationship |
| 2026-07-08 | 119.82 | 118.40 | +0.23 | near the usual relationship |
| 2026-07-07 | 120.75 | 119.32 | +0.23 | near the usual relationship |
| 2026-07-06 | 120.20 | 117.77 | +0.38 | near the usual relationship |
| 2026-07-02 | 123.15 | 119.45 | +0.56 | BUD ahead |
| 2026-07-01 | 121.52 | 115.40 | +0.94 | BUD ahead |
| 2026-06-30 | 124.77 | 115.37 | +1.43 | BUD ahead |
| 2026-06-29 | 126.95 | 117.33 | +1.44 | BUD ahead |
| 2026-06-26 | 128.85 | 117.31 | +1.72 | BUD ahead |
| 2026-06-25 | 127.32 | 114.17 | +2.01 | BUD ahead |
| 2026-06-24 | 127.85 | 114.42 | +2.05 | BUD ahead |
| 2026-06-23 | 125.67 | 114.01 | +1.80 | BUD ahead |
| 2026-06-22 | 122.40 | 112.90 | +1.50 | BUD ahead |
| 2026-06-18 | 122.26 | 112.71 | +1.51 | BUD ahead |
| 2026-06-17 | 122.17 | 113.47 | +1.37 | BUD ahead |
| 2026-06-16 | 124.70 | 113.97 | +1.67 | BUD ahead |
| 2026-06-15 | 123.38 | 114.86 | +1.34 | BUD ahead |
| 2026-06-12 | 125.55 | 117.29 | +1.28 | BUD ahead |
| 2026-06-11 | 124.58 | 117.16 | +1.16 | BUD ahead |
| 2026-06-10 | 123.05 | 118.67 | +0.70 | BUD ahead |
| 2026-06-09 | 122.68 | 115.47 | +1.14 | BUD ahead |
| 2026-06-08 | 119.11 | 112.92 | +1.01 | BUD ahead |
| 2026-06-05 | 118.87 | 112.83 | +0.98 | BUD ahead |
| 2026-06-04 | 117.99 | 109.06 | +1.47 | BUD ahead |
| 2026-06-03 | 119.69 | 111.81 | +1.28 | BUD ahead |
| 2026-06-02 | 122.02 | 111.31 | +1.73 | BUD ahead |
| 2026-06-01 | 121.17 | 111.64 | +1.55 | BUD ahead |
| 2026-05-29 | 121.12 | 112.17 | +1.47 | BUD ahead |
| 2026-05-28 | 124.14 | 114.15 | +1.60 | BUD ahead |
| 2026-05-27 | 127.14 | 115.87 | +1.79 | BUD ahead |
| 2026-05-26 | 124.86 | 114.22 | +1.73 | BUD ahead |
| 2026-05-22 | 126.36 | 115.67 | +1.73 | BUD ahead |
| 2026-05-21 | 126.23 | 115.23 | +1.80 | BUD ahead |
| 2026-05-20 | 124.94 | 115.77 | +1.53 | BUD ahead |
| 2026-05-19 | 124.03 | 116.30 | +1.31 | BUD ahead |
| 2026-05-18 | 123.14 | 115.28 | +1.35 | BUD ahead |
| 2026-05-15 | 122.53 | 114.74 | +1.35 | BUD ahead |
| 2026-05-14 | 122.26 | 114.21 | +1.41 | BUD ahead |
| 2026-05-13 | 121.37 | 113.94 | +1.32 | BUD ahead |
| 2026-05-12 | 120.85 | 113.61 | +1.30 | BUD ahead |
| 2026-05-11 | 120.93 | 111.67 | +1.66 | BUD ahead |
| 2026-05-08 | 120.97 | 111.33 | +1.75 | BUD ahead |
| 2026-05-07 | 121.52 | 111.34 | +1.86 | BUD ahead |
| 2026-05-06 | 124.30 | 112.48 | +2.13 | BUD ahead |
| 2026-05-05 | 121.70 | 111.41 | +1.92 | BUD ahead |
| 2026-05-04 | 111.92 | 111.00 | +0.31 | near the usual relationship |
| 2026-05-01 | 114.42 | 111.56 | +0.66 | BUD ahead |
| 2026-04-30 | 114.40 | 111.81 | +0.62 | BUD ahead |
| 2026-04-29 | 110.25 | 111.97 | -0.15 | near the usual relationship |
| 2026-04-28 | 112.69 | 111.23 | +0.43 | near the usual relationship |
| 2026-04-27 | 111.01 | 107.10 | +0.89 | BUD ahead |
| 2026-04-24 | 109.89 | 108.79 | +0.38 | near the usual relationship |
| 2026-04-23 | 109.36 | 108.29 | +0.37 | near the usual relationship |
| 2026-04-22 | 109.27 | 105.95 | +0.80 | BUD ahead |
| 2026-04-21 | 110.21 | 106.05 | +0.96 | BUD ahead |
| 2026-04-20 | 113.64 | 107.16 | +1.38 | BUD ahead |
| 2026-04-17 | 114.72 | 107.52 | +1.52 | BUD ahead |
| 2026-04-16 | 114.19 | 106.73 | +1.59 | BUD ahead |
| 2026-04-15 | 113.98 | 106.91 | +1.53 | BUD ahead |
| 2026-04-14 | 114.46 | 107.75 | +1.47 | BUD ahead |
| 2026-04-13 | 114.55 | 108.48 | +1.36 | BUD ahead |
| 2026-04-10 | 114.67 | 109.98 | +1.11 | BUD ahead |
| 2026-04-09 | 113.86 | 110.99 | +0.79 | BUD ahead |
| 2026-04-08 | 112.64 | 109.72 | +0.81 | BUD ahead |
| 2026-04-07 | 108.34 | 107.77 | +0.39 | near the usual relationship |
| 2026-04-06 | 109.83 | 109.63 | +0.33 | near the usual relationship |
| 2026-04-02 | 107.96 | 108.92 | +0.12 | near the usual relationship |
| 2026-04-01 | 107.16 | 108.01 | +0.14 | near the usual relationship |
| 2026-03-31 | 105.04 | 107.96 | -0.24 | near the usual relationship |
| 2026-03-30 | 103.32 | 108.28 | -0.63 | KO ahead |
| 2026-03-27 | 102.32 | 107.48 | -0.67 | KO ahead |
| 2026-03-26 | 102.88 | 106.03 | -0.29 | near the usual relationship |
| 2026-03-25 | 104.78 | 106.83 | -0.08 | near the usual relationship |
| 2026-03-24 | 103.06 | 106.01 | -0.25 | near the usual relationship |
| 2026-03-23 | 103.80 | 106.63 | -0.23 | near the usual relationship |
| 2026-03-20 | 102.18 | 106.12 | -0.44 | near the usual relationship |
| 2026-03-19 | 104.89 | 107.25 | -0.13 | near the usual relationship |
| 2026-03-18 | 105.89 | 107.85 | -0.06 | near the usual relationship |
| 2026-03-17 | 109.83 | 110.14 | +0.26 | near the usual relationship |
| 2026-03-16 | 110.43 | 110.48 | +0.31 | near the usual relationship |
| 2026-03-13 | 109.62 | 109.80 | +0.29 | near the usual relationship |
| 2026-03-12 | 108.93 | 110.18 | +0.10 | near the usual relationship |
| 2026-03-11 | 110.02 | 110.21 | +0.29 | near the usual relationship |
| 2026-03-10 | 110.77 | 110.56 | +0.37 | near the usual relationship |
| 2026-03-09 | 110.78 | 110.45 | +0.39 | near the usual relationship |
| 2026-03-06 | 111.52 | 109.37 | +0.72 | BUD ahead |
| 2026-03-05 | 111.61 | 109.36 | +0.75 | BUD ahead |
| 2026-03-04 | 114.46 | 110.87 | +0.98 | BUD ahead |
| 2026-03-03 | 115.93 | 112.63 | +0.93 | BUD ahead |
| 2026-03-02 | 119.19 | 113.88 | +1.26 | BUD ahead |
| 2026-02-27 | 122.58 | 115.79 | +1.49 | BUD ahead |
| 2026-02-26 | 120.35 | 114.28 | +1.38 | BUD ahead |
| 2026-02-25 | 119.00 | 114.24 | +1.17 | BUD ahead |
| 2026-02-24 | 122.14 | 114.59 | +1.58 | BUD ahead |
| 2026-02-23 | 121.14 | 114.37 | +1.46 | BUD ahead |
| 2026-02-20 | 118.90 | 113.34 | +1.28 | BUD ahead |
| 2026-02-19 | 119.28 | 112.02 | +1.54 | BUD ahead |
| 2026-02-18 | 119.46 | 112.85 | +1.44 | BUD ahead |
| 2026-02-17 | 120.06 | 112.95 | +1.51 | BUD ahead |
| 2026-02-13 | 121.73 | 111.70 | +1.93 | BUD ahead |
| 2026-02-12 | 121.44 | 112.15 | +1.82 | BUD ahead |
| 2026-02-11 | 116.99 | 111.58 | +1.29 | BUD ahead |
| 2026-02-10 | 114.66 | 109.04 | +1.34 | BUD ahead |
| 2026-02-09 | 115.14 | 110.69 | +1.17 | BUD ahead |
| 2026-02-06 | 114.79 | 112.19 | +0.91 | BUD ahead |
| 2026-02-05 | 113.55 | 111.46 | +0.85 | BUD ahead |
| 2026-02-04 | 112.78 | 109.81 | +0.98 | BUD ahead |
| 2026-02-03 | 111.34 | 109.16 | +0.87 | BUD ahead |
| 2026-02-02 | 109.71 | 106.94 | +0.97 | BUD ahead |
| 2026-01-30 | 108.54 | 106.20 | +0.91 | BUD ahead |
| 2026-01-29 | 107.93 | 104.24 | +1.12 | BUD ahead |
| 2026-01-28 | 105.72 | 103.72 | +0.89 | BUD ahead |
| 2026-01-27 | 106.37 | 104.42 | +0.89 | BUD ahead |
| 2026-01-26 | 105.09 | 103.01 | +0.91 | BUD ahead |
| 2026-01-23 | 105.81 | 103.46 | +0.95 | BUD ahead |
| 2026-01-22 | 105.48 | 102.03 | +1.12 | BUD ahead |
| 2026-01-21 | 104.88 | 102.23 | +1.01 | BUD ahead |
| 2026-01-20 | 104.32 | 101.86 | +0.99 | BUD ahead |
| 2026-01-16 | 103.83 | 100.00 | +1.19 | BUD ahead |
| 2026-01-15 | 104.06 | 100.06 | +1.21 | BUD ahead |
| 2026-01-14 | 104.16 | 101.42 | +1.04 | BUD ahead |
| 2026-01-13 | 102.80 | 101.14 | +0.90 | BUD ahead |
| 2026-01-12 | 101.06 | 100.09 | +0.82 | BUD ahead |
| 2026-01-09 | 99.76 | 100.10 | +0.64 | BUD ahead |
| 2026-01-08 | 97.91 | 98.48 | +0.62 | BUD ahead |
| 2026-01-07 | 95.61 | 95.88 | +0.66 | BUD ahead |
| 2026-01-06 | 96.53 | 96.31 | +0.74 | BUD ahead |
| 2026-01-05 | 95.81 | 96.45 | +0.62 | BUD ahead |
| 2026-01-02 | 96.47 | 98.13 | +0.49 | near the usual relationship |
| 2025-12-31 | 96.97 | 99.25 | +0.41 | near the usual relationship |
| 2025-12-30 | 97.83 | 99.47 | +0.51 | BUD ahead |
| 2025-12-29 | 97.38 | 99.60 | +0.43 | near the usual relationship |
| 2025-12-26 | 97.27 | 99.19 | +0.48 | near the usual relationship |
| 2025-12-24 | 96.65 | 99.53 | +0.35 | near the usual relationship |
| 2025-12-23 | 96.84 | 99.19 | +0.43 | near the usual relationship |
| 2025-12-22 | 95.99 | 99.67 | +0.25 | near the usual relationship |
| 2025-12-19 | 97.65 | 99.46 | +0.52 | BUD ahead |
| 2025-12-18 | 97.74 | 99.89 | +0.48 | near the usual relationship |
| 2025-12-17 | 98.85 | 100.33 | +0.57 | BUD ahead |
| 2025-12-16 | 97.74 | 99.90 | +0.48 | near the usual relationship |
| 2025-12-15 | 98.39 | 100.75 | +0.46 | near the usual relationship |
| 2025-12-12 | 96.52 | 100.11 | +0.30 | near the usual relationship |
| 2025-12-11 | 95.97 | 98.11 | +0.49 | near the usual relationship |
| 2025-12-10 | 94.26 | 99.67 | +0.05 | near the usual relationship |
| 2025-12-09 | 91.52 | 99.50 | -0.31 | near the usual relationship |
| 2025-12-08 | 91.63 | 99.73 | -0.33 | near the usual relationship |
| 2025-12-05 | 92.61 | 99.38 | -0.14 | near the usual relationship |
| 2025-12-04 | 92.32 | 100.01 | -0.26 | near the usual relationship |
| 2025-12-03 | 93.26 | 100.53 | -0.19 | near the usual relationship |
| 2025-12-02 | 93.34 | 100.33 | -0.16 | near the usual relationship |
| 2025-12-01 | 93.97 | 102.14 | -0.30 | near the usual relationship |
| 2025-11-28 | 93.17 | 103.80 | -0.62 | KO ahead |
| 2025-11-26 | 93.66 | 103.46 | -0.51 | KO ahead |
| 2025-11-25 | 94.72 | 103.08 | -0.32 | near the usual relationship |
| 2025-11-24 | 94.49 | 103.05 | -0.35 | near the usual relationship |
| 2025-11-21 | 94.59 | 103.56 | -0.40 | near the usual relationship |
| 2025-11-20 | 92.00 | 101.09 | -0.45 | near the usual relationship |
| 2025-11-19 | 91.90 | 100.95 | -0.45 | near the usual relationship |
| 2025-11-18 | 92.61 | 101.11 | -0.37 | near the usual relationship |
| 2025-11-17 | 94.06 | 100.34 | -0.07 | near the usual relationship |
| 2025-11-14 | 96.65 | 101.02 | +0.20 | near the usual relationship |
| 2025-11-13 | 97.79 | 100.89 | +0.37 | near the usual relationship |
| 2025-11-12 | 97.74 | 101.52 | +0.28 | near the usual relationship |
| 2025-11-11 | 98.06 | 101.66 | +0.31 | near the usual relationship |
| 2025-11-10 | 95.93 | 100.11 | +0.22 | near the usual relationship |
| 2025-11-07 | 95.82 | 100.16 | +0.20 | near the usual relationship |
| 2025-11-06 | 95.22 | 98.04 | +0.40 | near the usual relationship |
| 2025-11-05 | 95.18 | 97.26 | +0.50 | BUD ahead |
| 2025-11-04 | 93.73 | 97.47 | +0.27 | near the usual relationship |
| 2025-11-03 | 92.60 | 96.49 | +0.23 | near the usual relationship |
| 2025-10-31 | 92.22 | 97.81 | +0.00 | near the usual relationship |
| 2025-10-30 | 90.87 | 97.93 | -0.21 | near the usual relationship |
| 2025-10-29 | 93.03 | 97.03 | +0.21 | near the usual relationship |
| 2025-10-28 | 93.59 | 99.60 | -0.06 | near the usual relationship |
| 2025-10-27 | 93.32 | 99.46 | -0.08 | near the usual relationship |
| 2025-10-24 | 92.81 | 98.96 | -0.09 | near the usual relationship |
| 2025-10-23 | 93.26 | 99.29 | -0.07 | near the usual relationship |
| 2025-10-22 | 93.58 | 100.53 | -0.19 | near the usual relationship |
| 2025-10-21 | 93.64 | 101.11 | -0.26 | near the usual relationship |
| 2025-10-20 | 93.94 | 97.16 | +0.29 | near the usual relationship |
| 2025-10-17 | 94.09 | 97.16 | +0.31 | near the usual relationship |
| 2025-10-16 | 93.19 | 95.95 | +0.35 | near the usual relationship |
| 2025-10-15 | 91.25 | 95.23 | +0.17 | near the usual relationship |
| 2025-10-14 | 91.19 | 95.84 | +0.08 | near the usual relationship |
| 2025-10-13 | 89.88 | 94.83 | +0.03 | near the usual relationship |
| 2025-10-10 | 90.22 | 95.17 | +0.03 | near the usual relationship |
| 2025-10-09 | 89.61 | 94.22 | +0.07 | near the usual relationship |
| 2025-10-08 | 90.14 | 93.87 | +0.19 | near the usual relationship |
| 2025-10-07 | 90.37 | 94.82 | +0.09 | near the usual relationship |
| 2025-10-06 | 88.60 | 93.84 | -0.03 | near the usual relationship |
| 2025-10-03 | 90.19 | 94.62 | +0.08 | near the usual relationship |
| 2025-10-02 | 90.94 | 93.84 | +0.30 | near the usual relationship |
| 2025-10-01 | 90.16 | 94.80 | +0.05 | near the usual relationship |
| 2025-09-30 | 90.26 | 94.15 | +0.15 | near the usual relationship |
| 2025-09-29 | 90.63 | 93.75 | +0.26 | near the usual relationship |
| 2025-09-26 | 89.55 | 93.23 | +0.18 | near the usual relationship |
| 2025-09-25 | 90.43 | 93.67 | +0.25 | near the usual relationship |
| 2025-09-24 | 90.08 | 94.34 | +0.11 | near the usual relationship |
| 2025-09-23 | 89.49 | 94.70 | -0.03 | near the usual relationship |
| 2025-09-22 | 88.72 | 93.99 | -0.04 | near the usual relationship |
| 2025-09-19 | 89.88 | 94.31 | +0.08 | near the usual relationship |
| 2025-09-18 | 88.70 | 94.35 | -0.09 | near the usual relationship |
| 2025-09-17 | 89.07 | 95.17 | -0.15 | near the usual relationship |
| 2025-09-16 | 87.72 | 94.04 | -0.20 | near the usual relationship |
| 2025-09-15 | 88.66 | 93.99 | -0.06 | near the usual relationship |
| 2025-09-12 | 88.37 | 95.13 | -0.25 | near the usual relationship |
| 2025-09-11 | 89.35 | 96.00 | -0.23 | near the usual relationship |
| 2025-09-10 | 89.29 | 96.28 | -0.27 | near the usual relationship |
| 2025-09-09 | 89.81 | 96.34 | -0.21 | near the usual relationship |
| 2025-09-08 | 89.99 | 95.73 | -0.10 | near the usual relationship |
| 2025-09-05 | 91.20 | 96.48 | -0.03 | near the usual relationship |
| 2025-09-04 | 89.60 | 96.89 | -0.31 | near the usual relationship |
| 2025-09-03 | 90.19 | 97.94 | -0.36 | near the usual relationship |
| 2025-09-02 | 92.93 | 98.04 | +0.01 | near the usual relationship |
| 2025-08-29 | 94.90 | 97.94 | +0.29 | near the usual relationship |
| 2025-08-28 | 94.85 | 97.05 | +0.40 | near the usual relationship |
| 2025-08-27 | 95.08 | 97.71 | +0.35 | near the usual relationship |
| 2025-08-26 | 94.99 | 97.57 | +0.36 | near the usual relationship |
| 2025-08-25 | 95.46 | 97.86 | +0.39 | near the usual relationship |
| 2025-08-22 | 96.70 | 99.56 | +0.33 | near the usual relationship |
| 2025-08-21 | 95.49 | 100.31 | +0.08 | near the usual relationship |
| 2025-08-20 | 95.53 | 100.37 | +0.08 | near the usual relationship |
| 2025-08-19 | 94.25 | 99.56 | +0.01 | near the usual relationship |
| 2025-08-18 | 93.20 | 98.14 | +0.05 | near the usual relationship |
| 2025-08-15 | 92.94 | 99.26 | -0.13 | near the usual relationship |
| 2025-08-14 | 91.88 | 98.74 | -0.21 | near the usual relationship |
| 2025-08-13 | 92.58 | 100.03 | -0.28 | near the usual relationship |
| 2025-08-12 | 92.96 | 100.38 | -0.27 | near the usual relationship |
| 2025-08-11 | 92.93 | 100.44 | -0.29 | near the usual relationship |
| 2025-08-08 | 93.87 | 99.86 | -0.08 | near the usual relationship |
| 2025-08-07 | 92.90 | 99.99 | -0.23 | near the usual relationship |
| 2025-08-06 | 91.34 | 98.68 | -0.29 | near the usual relationship |
| 2025-08-05 | 90.34 | 98.03 | -0.34 | near the usual relationship |
| 2025-08-04 | 88.11 | 97.90 | -0.65 | KO ahead |
| 2025-08-01 | 86.46 | 97.76 | -0.87 | KO ahead |
| 2025-07-31 | 87.33 | 96.38 | -0.57 | KO ahead |
| 2025-07-30 | 100.76 | 97.60 | +1.10 | BUD ahead |
| 2025-07-29 | 101.27 | 98.50 | +1.05 | BUD ahead |
| 2025-07-28 | 100.47 | 96.66 | +1.20 | BUD ahead |
| 2025-07-25 | 106.30 | 98.20 | +1.73 | BUD ahead |
| 2025-07-24 | 106.13 | 98.10 | +1.74 | BUD ahead |
| 2025-07-23 | 106.78 | 98.18 | +1.82 | BUD ahead |
| 2025-07-22 | 105.00 | 98.89 | +1.52 | BUD ahead |
| 2025-07-21 | 103.21 | 99.47 | +1.22 | BUD ahead |
| 2025-07-18 | 102.83 | 99.16 | +1.22 | BUD ahead |
| 2025-07-17 | 102.74 | 100.21 | +1.07 | BUD ahead |
| 2025-07-16 | 102.54 | 98.34 | +1.29 | BUD ahead |
| 2025-07-15 | 101.38 | 98.47 | +1.12 | BUD ahead |
| 2025-07-14 | 102.67 | 98.62 | +1.27 | BUD ahead |
| 2025-07-11 | 102.21 | 99.19 | +1.14 | BUD ahead |
| 2025-07-10 | 102.41 | 99.05 | +1.19 | BUD ahead |
| 2025-07-09 | 102.23 | 98.64 | +1.22 | BUD ahead |
| 2025-07-08 | 102.30 | 99.72 | +1.09 | BUD ahead |
| 2025-07-07 | 103.83 | 100.81 | +1.15 | BUD ahead |
| 2025-07-03 | 104.35 | 101.29 | +1.15 | BUD ahead |
| 2025-07-02 | 105.00 | 100.67 | +1.33 | BUD ahead |
| 2025-07-01 | 104.86 | 101.75 | +1.17 | BUD ahead |
| 2025-06-30 | 104.06 | 100.44 | +1.25 | BUD ahead |
| 2025-06-27 | 103.73 | 99.84 | +1.29 | BUD ahead |
| 2025-06-26 | 104.68 | 98.62 | +1.58 | BUD ahead |
| 2025-06-25 | 103.83 | 98.85 | +1.45 | BUD ahead |
| 2025-06-24 | 106.31 | 99.67 | +1.67 | BUD ahead |
| 2025-06-23 | 108.24 | 99.01 | +2.02 | BUD ahead |
| 2025-06-20 | 107.80 | 97.73 | +2.16 | BUD ahead |
| 2025-06-18 | 107.43 | 98.25 | +2.06 | BUD ahead |
| 2025-06-17 | 106.74 | 98.84 | +1.90 | BUD ahead |
| 2025-06-16 | 107.87 | 100.11 | +1.87 | BUD ahead |
| 2025-06-13 | 107.84 | 100.82 | +1.78 | BUD ahead |
| 2025-06-12 | 108.57 | 102.56 | +1.64 | BUD ahead |
| 2025-06-11 | 107.75 | 102.31 | +1.57 | BUD ahead |
| 2025-06-10 | 106.48 | 102.71 | +1.34 | BUD ahead |
| 2025-06-09 | 107.53 | 101.89 | +1.60 | BUD ahead |
| 2025-06-06 | 107.53 | 101.29 | +1.68 | BUD ahead |
| 2025-06-05 | 107.42 | 100.67 | +1.76 | BUD ahead |
| 2025-06-04 | 108.31 | 101.32 | +1.78 | BUD ahead |
| 2025-06-03 | 107.00 | 101.02 | +1.65 | BUD ahead |
| 2025-06-02 | 107.92 | 102.21 | +1.60 | BUD ahead |
| 2025-05-30 | 106.74 | 102.36 | +1.42 | BUD ahead |
| 2025-05-29 | 106.80 | 101.49 | +1.53 | BUD ahead |
| 2025-05-28 | 105.65 | 101.01 | +1.44 | BUD ahead |
| 2025-05-27 | 106.25 | 101.90 | +1.38 | BUD ahead |
| 2025-05-23 | 104.91 | 101.89 | +1.19 | BUD ahead |
| 2025-05-22 | 103.50 | 100.99 | +1.12 | BUD ahead |
| 2025-05-21 | 104.18 | 102.00 | +1.05 | BUD ahead |
| 2025-05-20 | 103.82 | 101.77 | +1.02 | BUD ahead |
| 2025-05-19 | 103.95 | 102.12 | +0.98 | BUD ahead |
| 2025-05-16 | 102.36 | 102.21 | +0.76 | BUD ahead |
| 2025-05-15 | 102.24 | 101.66 | +0.80 | BUD ahead |
| 2025-05-14 | 100.33 | 98.18 | +1.00 | BUD ahead |
| 2025-05-13 | 99.80 | 97.90 | +0.97 | BUD ahead |
| 2025-05-12 | 99.79 | 98.71 | +0.85 | BUD ahead |
| 2025-05-09 | 101.86 | 100.11 | +0.93 | BUD ahead |
| 2025-05-08 | 101.45 | 101.04 | +0.76 | BUD ahead |
| 2025-05-07 | 99.18 | 102.78 | +0.25 | near the usual relationship |
| 2025-05-06 | 100.17 | 101.82 | +0.50 | BUD ahead |
| 2025-05-05 | 99.91 | 101.79 | +0.46 | near the usual relationship |
| 2025-05-02 | 99.95 | 101.72 | +0.48 | near the usual relationship |
| 2025-05-01 | 98.46 | 101.21 | +0.34 | near the usual relationship |
| 2025-04-30 | 99.65 | 103.00 | +0.27 | near the usual relationship |
| 2025-04-29 | 98.36 | 102.71 | +0.14 | near the usual relationship |
| 2025-04-28 | 98.61 | 101.92 | +0.26 | near the usual relationship |
| 2025-04-25 | 98.44 | 102.09 | +0.21 | near the usual relationship |
| 2025-04-24 | 99.68 | 102.95 | +0.26 | near the usual relationship |
| 2025-04-23 | 100.27 | 104.06 | +0.20 | near the usual relationship |
| 2025-04-22 | 101.30 | 104.91 | +0.22 | near the usual relationship |
| 2025-04-21 | 99.35 | 103.31 | +0.16 | near the usual relationship |
| 2025-04-17 | 99.38 | 103.63 | +0.12 | near the usual relationship |
| 2025-04-16 | 97.88 | 101.76 | +0.15 | near the usual relationship |
| 2025-04-15 | 95.82 | 102.02 | -0.14 | near the usual relationship |
| 2025-04-14 | 95.96 | 102.85 | -0.23 | near the usual relationship |
| 2025-04-11 | 94.67 | 101.41 | -0.23 | near the usual relationship |
| 2025-04-10 | 91.93 | 100.45 | -0.48 | near the usual relationship |
| 2025-04-09 | 92.66 | 99.30 | -0.25 | near the usual relationship |
| 2025-04-08 | 88.61 | 97.13 | -0.53 | KO ahead |
| 2025-04-07 | 89.75 | 97.06 | -0.37 | near the usual relationship |
| 2025-04-04 | 92.25 | 99.28 | -0.32 | near the usual relationship |
| 2025-04-03 | 95.25 | 103.89 | -0.48 | near the usual relationship |
| 2025-04-02 | 94.03 | 101.26 | -0.34 | near the usual relationship |
| 2025-04-01 | 93.28 | 102.03 | -0.53 | KO ahead |
| 2025-03-31 | 93.22 | 101.68 | -0.50 | KO ahead |
| 2025-03-28 | 93.94 | 99.90 | -0.21 | near the usual relationship |
| 2025-03-27 | 94.09 | 100.43 | -0.25 | near the usual relationship |
| 2025-03-26 | 93.69 | 99.40 | -0.19 | near the usual relationship |
| 2025-03-25 | 93.43 | 97.69 | -0.02 | near the usual relationship |
| 2025-03-24 | 93.17 | 97.88 | -0.08 | near the usual relationship |
| 2025-03-21 | 95.06 | 97.49 | +0.19 | near the usual relationship |
| 2025-03-20 | 95.46 | 98.96 | +0.06 | near the usual relationship |
| 2025-03-19 | 95.52 | 98.35 | +0.13 | near the usual relationship |
| 2025-03-18 | 96.20 | 98.50 | +0.19 | near the usual relationship |
| 2025-03-17 | 95.90 | 99.55 | +0.03 | near the usual relationship |
| 2025-03-14 | 94.40 | 98.18 | +0.00 | near the usual relationship |
| 2025-03-13 | 92.96 | 98.84 | -0.25 | near the usual relationship |
| 2025-03-12 | 94.69 | 99.29 | -0.11 | near the usual relationship |
| 2025-03-11 | 94.65 | 100.85 | -0.29 | near the usual relationship |
| 2025-03-10 | 94.58 | 101.43 | -0.37 | near the usual relationship |
| 2025-03-07 | 95.49 | 101.41 | -0.26 | near the usual relationship |
| 2025-03-06 | 94.55 | 100.03 | -0.23 | near the usual relationship |
| 2025-03-05 | 94.23 | 99.49 | -0.21 | near the usual relationship |
| 2025-03-04 | 92.49 | 99.65 | -0.44 | near the usual relationship |
| 2025-03-03 | 91.97 | 102.67 | -0.83 | KO ahead |
| 2025-02-28 | 90.61 | 101.09 | -0.83 | KO ahead |
| 2025-02-27 | 90.11 | 100.61 | -0.85 | KO ahead |
| 2025-02-26 | 88.92 | 100.51 | -0.99 | KO ahead |
| 2025-02-25 | 82.93 | 101.49 | -1.87 | KO ahead |
| 2025-02-24 | 82.54 | 100.21 | -1.80 | KO ahead |
| 2025-02-21 | 81.78 | 101.29 | -2.04 | KO ahead |
| 2025-02-20 | 80.48 | 99.43 | -2.04 | KO ahead |
| 2025-02-19 | 79.98 | 99.47 | -2.13 | KO ahead |
| 2025-02-18 | 80.25 | 98.03 | -1.95 | KO ahead |
| 2025-02-14 | 80.44 | 97.77 | -1.91 | KO ahead |
| 2025-02-13 | 80.44 | 98.67 | -2.03 | KO ahead |
| 2025-02-12 | 79.16 | 97.54 | -2.10 | KO ahead |
| 2025-02-11 | 77.33 | 95.97 | -2.20 | KO ahead |
| 2025-02-10 | 76.21 | 91.64 | -1.87 | KO ahead |
| 2025-02-07 | 76.17 | 90.63 | -1.76 | KO ahead |
| 2025-02-06 | 76.38 | 89.95 | -1.66 | KO ahead |
| 2025-02-05 | 74.36 | 89.61 | -1.94 | KO ahead |
| 2025-02-04 | 73.74 | 88.97 | -1.98 | KO ahead |
| 2025-02-03 | 73.73 | 89.93 | -2.13 | KO ahead |
| 2025-01-31 | 74.47 | 90.12 | -2.06 | KO ahead |
| 2025-01-30 | 75.44 | 90.93 | -2.04 | KO ahead |
| 2025-01-29 | 74.45 | 89.20 | -1.99 | KO ahead |
| 2025-01-28 | 74.52 | 88.53 | -1.91 | KO ahead |
| 2025-01-27 | 75.70 | 90.67 | -2.03 | KO ahead |
| 2025-01-24 | 74.00 | 87.90 | -1.95 | KO ahead |
| 2025-01-23 | 73.00 | 87.35 | -2.06 | KO ahead |
| 2025-01-22 | 72.08 | 87.71 | -2.28 | KO ahead |
| 2025-01-21 | 73.17 | 88.61 | -2.26 | KO ahead |
| 2025-01-17 | 72.68 | 89.03 | -2.43 | KO ahead |
| 2025-01-16 | 71.35 | 88.37 | -2.60 | KO ahead |
| 2025-01-15 | 70.35 | 87.69 | -2.72 | KO ahead |
| 2025-01-14 | 70.40 | 88.07 | -2.81 | KO ahead |
| 2025-01-13 | 70.28 | 87.52 | -2.79 | KO ahead |
| 2025-01-10 | 69.88 | 86.70 | -2.79 | KO ahead |
| 2025-01-08 | 74.24 | 87.61 | -2.18 | KO ahead |
| 2025-01-07 | 74.53 | 86.37 | -1.98 | KO ahead |
| 2025-01-06 | 74.41 | 86.33 | -2.01 | KO ahead |
| 2025-01-03 | 73.97 | 87.66 | -2.31 | KO ahead |
| 2025-01-02 | 75.61 | 87.79 | -2.07 | KO ahead |
| 2024-12-31 | 75.82 | 88.39 | -2.14 | KO ahead |
| 2024-12-30 | 75.38 | 88.06 | -2.19 | KO ahead |
| 2024-12-27 | 76.27 | 88.66 | -2.15 | KO ahead |
| 2024-12-26 | 76.27 | 88.83 | -2.19 | KO ahead |
| 2024-12-24 | 76.30 | 89.21 | -2.27 | KO ahead |
| 2024-12-23 | 76.53 | 88.56 | -2.16 | KO ahead |
| 2024-12-20 | 76.03 | 88.80 | -2.30 | KO ahead |
| 2024-12-19 | 75.86 | 88.66 | -2.34 | KO ahead |
| 2024-12-18 | 75.88 | 89.22 | -2.46 | KO ahead |
| 2024-12-17 | 78.39 | 90.01 | -2.17 | KO ahead |
| 2024-12-16 | 79.54 | 88.80 | -1.81 | KO ahead |
| 2024-12-13 | 80.91 | 89.61 | -1.73 | KO ahead |
| 2024-12-12 | 81.01 | 90.63 | -1.88 | KO ahead |
| 2024-12-11 | 79.32 | 88.93 | -1.93 | KO ahead |
| 2024-12-10 | 80.19 | 89.31 | -1.86 | KO ahead |
| 2024-12-09 | 80.35 | 88.87 | -1.78 | KO ahead |
| 2024-12-06 | 80.12 | 88.77 | -1.82 | KO ahead |
| 2024-12-05 | 80.45 | 89.32 | -1.87 | KO ahead |
| 2024-12-04 | 80.51 | 88.32 | -1.72 | KO ahead |
| 2024-12-03 | 81.57 | 90.18 | -1.84 | KO ahead |
| 2024-12-02 | 81.98 | 90.36 | -1.82 | KO ahead |
| 2024-11-29 | 81.47 | 90.97 | -2.02 | KO ahead |
| 2024-11-27 | 81.89 | 91.47 | -2.05 | KO ahead |
| 2024-11-26 | 81.66 | 91.64 | -2.14 | KO ahead |
| 2024-11-25 | 83.34 | 91.40 | -1.83 | KO ahead |
| 2024-11-22 | 82.87 | 90.74 | -1.83 | KO ahead |
| 2024-11-21 | 82.81 | 90.52 | -1.83 | KO ahead |
| 2024-11-20 | 83.59 | 89.42 | -1.54 | KO ahead |
| 2024-11-19 | 84.89 | 88.86 | -1.24 | KO ahead |
| 2024-11-18 | 85.55 | 87.82 | -0.98 | KO ahead |
| 2024-11-15 | 85.18 | 87.65 | -1.02 | KO ahead |
| 2024-11-14 | 85.33 | 88.80 | -1.19 | KO ahead |
| 2024-11-13 | 84.49 | 89.44 | -1.44 | KO ahead |
| 2024-11-12 | 84.80 | 89.72 | -1.44 | KO ahead |
| 2024-11-11 | 86.42 | 89.95 | -1.22 | KO ahead |
| 2024-11-08 | 86.74 | 90.74 | -1.31 | KO ahead |
| 2024-11-07 | 87.55 | 90.37 | -1.13 | KO ahead |
| 2024-11-06 | 86.72 | 90.43 | -1.28 | KO ahead |
| 2024-11-05 | 89.08 | 92.80 | -1.28 | KO ahead |
| 2024-11-04 | 88.66 | 92.43 | -1.30 | KO ahead |
| 2024-11-01 | 89.79 | 92.29 | -1.10 | KO ahead |
| 2024-10-31 | 89.90 | 92.72 | -1.16 | KO ahead |
| 2024-10-30 | 95.26 | 93.58 | -0.47 | near the usual relationship |
| 2024-10-29 | 96.85 | 93.07 | -0.15 | near the usual relationship |
| 2024-10-28 | 97.50 | 94.65 | -0.30 | near the usual relationship |
| 2024-10-25 | 96.76 | 95.00 | -0.46 | near the usual relationship |
| 2024-10-24 | 97.83 | 95.54 | -0.38 | near the usual relationship |
| 2024-10-23 | 97.77 | 96.55 | -0.54 | KO ahead |
| 2024-10-22 | 97.90 | 98.59 | -0.83 | KO ahead |
| 2024-10-21 | 98.52 | 98.59 | -0.74 | KO ahead |
| 2024-10-18 | 100.00 | 100.00 | -0.73 | KO ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 31, 2024 (BUD -5.6%, KO -0.9%); Jan 10, 2025 (BUD -5.9%, KO -1.0%); Feb 26, 2025 (BUD +7.2%, KO -1.0%); Jul 31, 2025 (BUD -13.3%, KO -1.3%); May 5, 2026 (BUD +8.7%, KO +0.4%). Upcoming earnings: KO Oct 27, 2026 (pre-market); BUD Oct 29, 2026 (pre-market).
Paired trades
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
BUD and KO at a glance
BUD Anheuser-Busch Inbev SA
- Listing
- NYSE · SEC CIK 1668717
- Industry
- Beverages (Production/Distribution) · SIC 2082 Malt Beverages
- Market value
- $163.4B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
KO The Coca-Cola Company
- Listing
- NYSE · SEC CIK 21344
- Industry
- Beverages (Production/Distribution) · SIC 2080 Beverages
- Market value
- $401.9B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of BUD and KO
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
