COLM vs GIII: Correlation
How closely do Columbia Sportswear Company (COLM) and G-III Apparel Group, LTD. (GIII) 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 COLM and GIII?
On 3 years of weekly data the COLM/GIII correlation comes out at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.43 over 3 years. The 5-year figure is 0.46, and annualized covariance runs at 532.8 %².
Among the 17 assets we track against COLM, GIII ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GIII outperformed by 19.5 percentage points (+5.2% for COLM against +24.7% for GIII).
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.
COLM vs GIII: side by side
| COLM (Columbia Sportswear Company) | GIII (G-III Apparel Group, LTD.) | |
|---|---|---|
| 1-year return | +5.2% | +24.7% |
| 5-year return | -40.1% | +8.5% |
| Volatility (ann.) | 31.1% | 39.5% |
| Beta vs S&P 500 | 0.58 | 0.53 |
| Max drawdown (3Y) | -46.1% | -43.1% |
| Market cap | $2.9B | $1.4B |
| P/E (trailing) | 15.2 | 11.8 |
| Dividend yield | 2.06% | 0.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLM | GIII |
|---|---|---|
| 2022 | -8.8% | -50.4% |
| 2023 | -7.8% | +147.8% |
| 2024 | +7.1% | -4.0% |
| 2025 | -33.1% | -10.9% |
| 2026 | +4.7% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLM and GIII good diversifiers for each other?
Reasonably. At 0.43, COLM and GIII keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COLM and GIII?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.66 over the last year and 0.46 over 5 years.
Is GIII a good diversifier for COLM?
Reasonably. At 0.43, COLM and GIII keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/colm-vs-giii.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/colm-vs-giii/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLM correlations · GIII correlations
