COLM vs KTB: Correlation
How closely do Columbia Sportswear Company (COLM) and Kontoor Brands, Inc. (KTB) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLM and KTB?
Across a 3-year window, the weekly returns of COLM and KTB correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 734.5 %².
In COLM's tracked universe of 17 assets, KTB sits right near the top at #1. Twelve-month performance is nearly a tie, at +5.2% for COLM and +0.9% for KTB.
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 KTB: side by side
| COLM (Columbia Sportswear Company) | KTB (Kontoor Brands, Inc.) | |
|---|---|---|
| 1-year return | +5.2% | +0.9% |
| 5-year return | -40.1% | +65.6% |
| Volatility (ann.) | 31.1% | 44.3% |
| Beta vs S&P 500 | 0.58 | 1.05 |
| Max drawdown (3Y) | -46.1% | -44.9% |
| Market cap | $2.9B | $4.2B |
| P/E (trailing) | 15.2 | 15.6 |
| Dividend yield | 2.06% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLM | KTB |
|---|---|---|
| 2022 | -8.8% | -18.3% |
| 2023 | -7.8% | +62.6% |
| 2024 | +7.1% | +40.7% |
| 2025 | -33.1% | -26.3% |
| 2026 | +4.7% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLM and KTB good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COLM and KTB?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.51 over the last year and 0.52 over 5 years.
Is KTB a good diversifier for COLM?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-ktb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/colm-vs-ktb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COLM correlations · KTB correlations
