AAT vs COOK: Correlation
Measured on weekly returns over the past three years, American Assets Trust, Inc. (AAT) and Traeger, Inc. (COOK) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and COOK?
On 3 years of weekly data the AAT/COOK correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 1000.5 %².
By 3-year correlation, COOK places #16 of the 24 assets tracked against AAT. Correlation aside, the last 12 months split them widely, with AAT ahead by 27.8 points (+16.2% versus -11.6%). Note the risk asymmetry: COOK runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AAT vs COOK: side by side
| AAT (American Assets Trust, Inc.) | COOK (Traeger, Inc.) | |
|---|---|---|
| 1-year return | +16.2% | -11.6% |
| 5-year return | -24.9% | -95.7% |
| Volatility (ann.) | 26.7% | 75.7% |
| Beta vs S&P 500 | 0.74 | 1.90 |
| Max drawdown (3Y) | -38.0% | -89.1% |
| Market cap | $1.7B | $0.2B |
| P/E (trailing) | 75.0 | – |
| Dividend yield | 5.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAT | COOK |
|---|---|---|
| 2022 | -26.4% | -76.8% |
| 2023 | -9.6% | -3.2% |
| 2024 | +23.3% | -12.5% |
| 2025 | -23.0% | -54.8% |
| 2026 | +22.7% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and COOK good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AAT and COOK?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.55 over the last year and 0.43 over 5 years.
Is COOK a good diversifier for AAT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/aat-vs-cook.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aat-vs-cook/)
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Related comparisons
Hubs: AAT correlations · COOK correlations
