BLMN vs COLD: Correlation
How closely do Bloomin' Brands, Inc. (BLMN) and Americold Realty Trust, Inc. (COLD) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLMN and COLD?
Over the past 3 years, BLMN and COLD moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 1164.9 %².
Few assets follow BLMN as closely as COLD, which ranks #3 of 20 tracked partners. Their recent paths diverged sharply: over the last 12 months BLMN outperformed by 35.5 percentage points (+43.8% for BLMN against +8.3% for COLD). One caveat on sizing: BLMN is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BLMN vs COLD: side by side
| BLMN (Bloomin' Brands, Inc.) | COLD (Americold Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +43.8% | +8.3% |
| 5-year return | -53.9% | -49.6% |
| Volatility (ann.) | 61.1% | 35.4% |
| Beta vs S&P 500 | 1.23 | 0.70 |
| Max drawdown (3Y) | -80.5% | -67.1% |
| Market cap | $0.9B | $4.3B |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 1.35% | 6.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLMN | COLD |
|---|---|---|
| 2022 | -1.7% | -10.9% |
| 2023 | +45.5% | +10.1% |
| 2024 | -54.4% | -26.7% |
| 2025 | -46.6% | -36.2% |
| 2026 | +69.2% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLMN and COLD good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BLMN and COLD?
As of 2026-08-27, the correlation of weekly returns between BLMN and COLD is 0.54 over 3 years, 0.62 over 1 year and 0.48 over 5 years.
Is COLD a good diversifier for BLMN?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/blmn-vs-cold.json
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Related comparisons
Hubs: BLMN correlations · COLD correlations
