COLM vs HELE: Correlation
Measured on weekly returns over the past three years, Columbia Sportswear Company (COLM) and Helen of Troy Limited (HELE) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLM and HELE?
Over the past 3 years, COLM and HELE moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 767.9 %².
Among the 17 assets we track against COLM, HELE ranks #11 by 3-year correlation. On 12-month performance HELE holds a 10.2-point edge, +5.2% against +15.4%. One caveat on sizing: HELE is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 HELE: side by side
| COLM (Columbia Sportswear Company) | HELE (Helen of Troy Limited) | |
|---|---|---|
| 1-year return | +5.2% | +15.4% |
| 5-year return | -40.1% | -87.9% |
| Volatility (ann.) | 31.1% | 57.0% |
| Beta vs S&P 500 | 0.58 | 1.05 |
| Max drawdown (3Y) | -46.1% | -89.0% |
| Market cap | $2.9B | $0.7B |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 2.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLM | HELE |
|---|---|---|
| 2022 | -8.8% | -54.6% |
| 2023 | -7.8% | +8.9% |
| 2024 | +7.1% | -50.5% |
| 2025 | -33.1% | -64.5% |
| 2026 | +4.7% | +36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLM and HELE good diversifiers for each other?
Reasonably. At 0.43, COLM and HELE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COLM and HELE?
The COLM/HELE correlation stands at 0.43 on a 3-year window (1 year: 0.49, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is HELE a good diversifier for COLM?
Reasonably. At 0.43, COLM and HELE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/colm-vs-hele.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/colm-vs-hele/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COLM correlations · HELE correlations
