COLM vs LEA: Correlation
How closely do Columbia Sportswear Company (COLM) and Lear Corporation (LEA) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLM and LEA?
Across a 3-year window, the weekly returns of COLM and LEA correlate at 0.52, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.52 over 3 years. Stretching to 5 years gives 0.52, with an annualized covariance of 464.4 %².
LEA is one of the assets that tracks COLM most closely: it ranks #3 out of the 17 assets we track against COLM. Over the last 12 months LEA came out ahead by 10.0 percentage points (+5.2% against +15.2%).
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 LEA: side by side
| COLM (Columbia Sportswear Company) | LEA (Lear Corporation) | |
|---|---|---|
| 1-year return | +5.2% | +15.2% |
| 5-year return | -40.1% | -13.4% |
| Volatility (ann.) | 31.1% | 28.8% |
| Beta vs S&P 500 | 0.58 | 0.61 |
| Max drawdown (3Y) | -46.1% | -47.0% |
| Market cap | $2.9B | $8.2B |
| P/E (trailing) | 15.2 | 11.6 |
| Dividend yield | 2.06% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLM | LEA |
|---|---|---|
| 2022 | -8.8% | -30.7% |
| 2023 | -7.8% | +16.4% |
| 2024 | +7.1% | -31.2% |
| 2025 | -33.1% | +24.9% |
| 2026 | +4.7% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLM and LEA good diversifiers for each other?
Only partially. A correlation of 0.52 means COLM and LEA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between COLM and LEA?
The COLM/LEA correlation stands at 0.52 on a 3-year window (1 year: 0.70, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is LEA a good diversifier for COLM?
Only partially. A correlation of 0.52 means COLM and LEA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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-lea.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/colm-vs-lea/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COLM correlations · LEA correlations
