COLD vs RXO: Correlation
How closely do Americold Realty Trust, Inc. (COLD) and RXO, Inc. (RXO) 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 COLD and RXO?
Across a 3-year window, the weekly returns of COLD and RXO correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 1166.7 %².
RXO is one of the assets that tracks COLD most closely: it ranks #2 out of the 18 assets we track against COLD. Their recent paths diverged sharply: over the last 12 months RXO outperformed by 29.0 percentage points (+8.3% for COLD against +37.3% for RXO). Risk is not evenly split, since RXO carries 1.7 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 RXO: side by side
| COLD (Americold Realty Trust, Inc.) | RXO (RXO, Inc.) | |
|---|---|---|
| 1-year return | +8.3% | +37.3% |
| 5-year return | -49.6% | n/a |
| Volatility (ann.) | 35.4% | 60.7% |
| Beta vs S&P 500 | 0.70 | 1.66 |
| Max drawdown (3Y) | -67.1% | -67.1% |
| Market cap | $4.3B | $3.7B |
| P/E (trailing) | – | – |
| Dividend yield | 6.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLD | RXO |
|---|---|---|
| 2022 | -10.9% | – |
| 2023 | +10.1% | +35.2% |
| 2024 | -26.7% | +2.5% |
| 2025 | -36.2% | -47.0% |
| 2026 | +21.0% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLD and RXO 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 COLD and RXO?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.58 over the last year and 0.45 over 5 years.
Is RXO a good diversifier for COLD?
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?
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-rxo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cold-vs-rxo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLD correlations · RXO correlations
