COLM vs SLGN: Correlation
How closely do Columbia Sportswear Company (COLM) and Silgan Holdings Inc. (SLGN) 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 SLGN?
Across a 3-year window, the weekly returns of COLM and SLGN correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 474.3 %².
Among the 17 assets we track against COLM, SLGN ranks #4 by 3-year correlation. The trailing year gives COLM the advantage: +5.2% versus -7.9%, a 13.1-point spread.
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 SLGN: side by side
| COLM (Columbia Sportswear Company) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | +5.2% | -7.9% |
| 5-year return | -40.1% | +5.9% |
| Volatility (ann.) | 31.1% | 29.4% |
| Beta vs S&P 500 | 0.58 | 0.58 |
| Max drawdown (3Y) | -46.1% | -35.0% |
| Market cap | $2.9B | $4.4B |
| P/E (trailing) | 15.2 | 16.9 |
| Dividend yield | 2.06% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLM | SLGN |
|---|---|---|
| 2022 | -8.8% | +22.7% |
| 2023 | -7.8% | -11.3% |
| 2024 | +7.1% | +16.8% |
| 2025 | -33.1% | -21.1% |
| 2026 | +4.7% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLM and SLGN good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between COLM and SLGN?
As of 2026-08-27, the correlation of weekly returns between COLM and SLGN is 0.52 over 3 years, 0.56 over 1 year and 0.49 over 5 years.
Is SLGN a good diversifier for COLM?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/colm-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLM correlations · SLGN correlations
