COLD vs PRMB: Correlation
How closely do Americold Realty Trust, Inc. (COLD) and Primo Brands Corporation (PRMB) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLD and PRMB?
Across a 3-year window, the weekly returns of COLD and PRMB correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 525.0 %².
By 3-year correlation, PRMB places #12 of the 18 assets tracked against COLD. The last year tells two different stories: COLD led by 18.2 percentage points, +8.3% for COLD against -9.9% for PRMB.
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 PRMB: side by side
| COLD (Americold Realty Trust, Inc.) | PRMB (Primo Brands Corporation) | |
|---|---|---|
| 1-year return | +8.3% | -9.9% |
| 5-year return | -49.6% | +43.1% |
| Volatility (ann.) | 35.4% | 39.7% |
| Beta vs S&P 500 | 0.70 | 0.62 |
| Max drawdown (3Y) | -67.1% | -59.1% |
| Market cap | $4.3B | $8.1B |
| P/E (trailing) | – | 77.4 |
| Dividend yield | 6.02% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLD | PRMB |
|---|---|---|
| 2022 | -10.9% | -10.1% |
| 2023 | +10.1% | -0.9% |
| 2024 | -26.7% | +114.6% |
| 2025 | -36.2% | -46.0% |
| 2026 | +21.0% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLD and PRMB good diversifiers for each other?
Reasonably. At 0.37, COLD and PRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COLD and PRMB?
The COLD/PRMB correlation stands at 0.37 on a 3-year window (1 year: 0.46, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is PRMB a good diversifier for COLD?
Reasonably. At 0.37, COLD and PRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
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Related comparisons
Hubs: COLD correlations · PRMB correlations
