COLL vs LEE: Correlation
Collegium Pharmaceutical, Inc. (COLL) and Lee Enterprises, Incorporated (LEE) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLL and LEE?
Across a 3-year window, the weekly returns of COLL and LEE correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.08, with an annualized covariance of -595.0 %².
Within COLL's tracked universe of 15 assets, LEE comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LEE outperformed by 125.7 percentage points (-31.8% for COLL against +93.9% for LEE). Note the risk asymmetry: LEE runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
COLL vs LEE: side by side
| COLL (Collegium Pharmaceutical, Inc.) | LEE (Lee Enterprises, Incorporated) | |
|---|---|---|
| 1-year return | -31.8% | +93.9% |
| 5-year return | +30.2% | -67.6% |
| Volatility (ann.) | 38.1% | 79.2% |
| Beta vs S&P 500 | 0.41 | 0.72 |
| Max drawdown (3Y) | -48.4% | -82.0% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLL | LEE |
|---|---|---|
| 2022 | +24.2% | -46.3% |
| 2023 | +32.7% | -57.6% |
| 2024 | -6.9% | +87.8% |
| 2025 | +61.6% | -67.6% |
| 2026 | -42.9% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLL and LEE good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between COLL and LEE?
As of 2026-08-27, the correlation of weekly returns between COLL and LEE is -0.20 over 3 years, -0.27 over 1 year and -0.08 over 5 years.
Is LEE a good diversifier for COLL?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: COLL correlations · LEE correlations
