COLM vs TU: Correlation
Measured on weekly returns over the past three years, Columbia Sportswear Company (COLM) and Telus Corporation (TU) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLM and TU?
On 3 years of weekly data the COLM/TU correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 241.7 %².
Among the 17 assets we track against COLM, TU ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with COLM ahead by 43.2 points (+5.2% versus -38.0%). Note the risk asymmetry: COLM runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TU: side by side
| COLM (Columbia Sportswear Company) | TU (Telus Corporation) | |
|---|---|---|
| 1-year return | +5.2% | -38.0% |
| 5-year return | -40.1% | -44.5% |
| Volatility (ann.) | 31.1% | 20.3% |
| Beta vs S&P 500 | 0.58 | 0.21 |
| Max drawdown (3Y) | -46.1% | -40.6% |
| Market cap | $2.9B | $15.4B |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 2.06% | 17.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLM | TU |
|---|---|---|
| 2022 | -8.8% | -14.3% |
| 2023 | -7.8% | -2.4% |
| 2024 | +7.1% | -18.4% |
| 2025 | -33.1% | +0.7% |
| 2026 | +4.7% | -22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLM and TU good diversifiers for each other?
Reasonably. At 0.38, COLM and TU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COLM and TU?
As of 2026-08-27, the correlation of weekly returns between COLM and TU is 0.38 over 3 years, 0.32 over 1 year and 0.36 over 5 years.
Is TU a good diversifier for COLM?
Reasonably. At 0.38, COLM and TU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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-tu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/colm-vs-tu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COLM correlations · TU correlations
