COLD vs HUM: Correlation
Measured on weekly returns over the past three years, Americold Realty Trust, Inc. (COLD) and Humana (HUM) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLD and HUM?
On 3 years of weekly data the COLD/HUM correlation comes out at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.35 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 530.5 %².
Among the 18 assets we track against COLD, HUM ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HUM outperformed by 25.7 percentage points (+8.3% for COLD against +34.0% for HUM).
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 HUM: side by side
| COLD (Americold Realty Trust, Inc.) | HUM (Humana) | |
|---|---|---|
| 1-year return | +8.3% | +34.0% |
| 5-year return | -49.6% | +1.8% |
| Volatility (ann.) | 35.4% | 43.3% |
| Beta vs S&P 500 | 0.70 | 0.52 |
| Max drawdown (3Y) | -67.1% | -67.9% |
| Market cap | $4.3B | $47.1B |
| P/E (trailing) | – | 36.9 |
| Dividend yield | 6.02% | 0.91% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | COLD | HUM |
|---|---|---|
| 2022 | -10.9% | +11.2% |
| 2023 | +10.1% | -9.9% |
| 2024 | -26.7% | -44.0% |
| 2025 | -36.2% | +2.4% |
| 2026 | +21.0% | +54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLD and HUM good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COLD and HUM?
As of 2026-08-27, the correlation of weekly returns between COLD and HUM is 0.35 over 3 years, 0.54 over 1 year and 0.29 over 5 years.
Is HUM a good diversifier for COLD?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cold-vs-hum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cold-vs-hum/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLD correlations · HUM correlations
