COLD vs GDRX: Correlation
Measured on weekly returns over the past three years, Americold Realty Trust, Inc. (COLD) and GoodRx Holdings, Inc. (GDRX) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLD and GDRX?
Across a 3-year window, the weekly returns of COLD and GDRX correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 1026.5 %².
Within COLD's tracked universe of 18 assets, GDRX comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with COLD ahead by 30.3 points (+8.3% versus -22.0%). Risk is not evenly split, since GDRX carries 1.8 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 GDRX: side by side
| COLD (Americold Realty Trust, Inc.) | GDRX (GoodRx Holdings, Inc.) | |
|---|---|---|
| 1-year return | +8.3% | -22.0% |
| 5-year return | -49.6% | -90.5% |
| Volatility (ann.) | 35.4% | 62.1% |
| Beta vs S&P 500 | 0.70 | 1.14 |
| Max drawdown (3Y) | -67.1% | -79.3% |
| Market cap | $4.3B | $1.2B |
| P/E (trailing) | – | 58.5 |
| Dividend yield | 6.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLD | GDRX |
|---|---|---|
| 2022 | -10.9% | -85.7% |
| 2023 | +10.1% | +43.8% |
| 2024 | -26.7% | -30.6% |
| 2025 | -36.2% | -41.7% |
| 2026 | +21.0% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLD and GDRX good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COLD and GDRX?
The COLD/GDRX correlation stands at 0.47 on a 3-year window (1 year: 0.47, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is GDRX a good diversifier for COLD?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/cold-vs-gdrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cold-vs-gdrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COLD correlations · GDRX correlations
