COLD vs UFI: Correlation
How closely do Americold Realty Trust, Inc. (COLD) and Unifi, Inc. New (UFI) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLD and UFI?
Over the past 3 years, COLD and UFI moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 720.1 %².
Within COLD's tracked universe of 18 assets, UFI comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UFI outperformed by 61.4 percentage points (+8.3% for COLD against +69.7% for UFI).
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 UFI: side by side
| COLD (Americold Realty Trust, Inc.) | UFI (Unifi, Inc. New) | |
|---|---|---|
| 1-year return | +8.3% | +69.7% |
| 5-year return | -49.6% | -65.5% |
| Volatility (ann.) | 35.4% | 47.6% |
| Beta vs S&P 500 | 0.70 | 0.44 |
| Max drawdown (3Y) | -67.1% | -61.5% |
| Market cap | $4.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 6.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLD | UFI |
|---|---|---|
| 2022 | -10.9% | -62.8% |
| 2023 | +10.1% | -22.6% |
| 2024 | -26.7% | -6.2% |
| 2025 | -36.2% | -44.0% |
| 2026 | +21.0% | +115.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLD and UFI good diversifiers for each other?
Reasonably. At 0.43, COLD and UFI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COLD and UFI?
The COLD/UFI correlation stands at 0.43 on a 3-year window (1 year: 0.52, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is UFI a good diversifier for COLD?
Reasonably. At 0.43, COLD and UFI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-ufi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cold-vs-ufi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COLD correlations · UFI correlations
