COLD vs FATE: Correlation
Measured on weekly returns over the past three years, Americold Realty Trust, Inc. (COLD) and Fate Therapeutics, Inc. (FATE) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLD and FATE?
Across a 3-year window, the weekly returns of COLD and FATE correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 2016.7 %².
By 3-year correlation, FATE places #4 of the 18 assets tracked against COLD. Correlation aside, the last 12 months split them widely, with FATE ahead by 118.5 points (+8.3% versus +126.8%). Risk is not evenly split, since FATE carries 3.1 times the volatility of the other side.
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.
COLD vs FATE: side by side
| COLD (Americold Realty Trust, Inc.) | FATE (Fate Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +8.3% | +126.8% |
| 5-year return | -49.6% | -96.5% |
| Volatility (ann.) | 35.4% | 110.8% |
| Beta vs S&P 500 | 0.70 | 2.88 |
| Max drawdown (3Y) | -67.1% | -91.9% |
| Market cap | $4.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 6.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLD | FATE |
|---|---|---|
| 2022 | -10.9% | -82.8% |
| 2023 | +10.1% | -62.9% |
| 2024 | -26.7% | -55.9% |
| 2025 | -36.2% | -40.6% |
| 2026 | +21.0% | +159.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLD and FATE good diversifiers for each other?
Only partially. A correlation of 0.51 means COLD and FATE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between COLD and FATE?
The COLD/FATE correlation stands at 0.51 on a 3-year window (1 year: 0.60, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is FATE a good diversifier for COLD?
Only partially. A correlation of 0.51 means COLD and FATE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/cold-vs-fate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cold-vs-fate/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLD correlations · FATE correlations
