AGL vs COLD: Correlation
How closely do agilon health, inc. (AGL) and Americold Realty Trust, Inc. (COLD) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGL and COLD?
On 3 years of weekly data the AGL/COLD correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 1885.3 %².
COLD is one of the assets that tracks AGL most closely: it ranks #3 out of the 14 assets we track against AGL. The last year tells two different stories: AGL led by 181.5 percentage points, +189.8% for AGL against +8.3% for COLD. Note the risk asymmetry: AGL runs 3.6 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.
AGL vs COLD: side by side
| AGL (agilon health, inc.) | COLD (Americold Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +189.8% | +8.3% |
| 5-year return | -90.0% | -49.6% |
| Volatility (ann.) | 126.1% | 35.4% |
| Beta vs S&P 500 | 1.73 | 0.70 |
| Max drawdown (3Y) | -98.4% | -67.1% |
| Market cap | $1.6B | $4.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 6.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGL | COLD |
|---|---|---|
| 2022 | -40.2% | -10.9% |
| 2023 | -22.2% | +10.1% |
| 2024 | -84.9% | -26.7% |
| 2025 | -63.7% | -36.2% |
| 2026 | +446.8% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGL and COLD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGL and COLD?
As of 2026-08-27, the correlation of weekly returns between AGL and COLD is 0.42 over 3 years, 0.44 over 1 year and 0.35 over 5 years.
Is COLD a good diversifier for AGL?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AGL correlations · COLD correlations
