COLM vs UA: Correlation
Columbia Sportswear Company (COLM) and Under Armour, Inc. (UA) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLM and UA?
Over the past 3 years, COLM and UA moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 747.1 %².
Among the 17 assets we track against COLM, UA ranks #5 by 3-year correlation. On 12-month performance COLM holds a 5.0-point edge, +5.2% against +0.2%. Risk is not evenly split, since UA carries 1.5 times the volatility of the other side.
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 UA: side by side
| COLM (Columbia Sportswear Company) | UA (Under Armour, Inc.) | |
|---|---|---|
| 1-year return | +5.2% | +0.2% |
| 5-year return | -40.1% | -76.2% |
| Volatility (ann.) | 31.1% | 46.7% |
| Beta vs S&P 500 | 0.58 | 0.99 |
| Max drawdown (3Y) | -46.1% | -60.2% |
| Market cap | $2.9B | $2.1B |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 2.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLM | UA |
|---|---|---|
| 2022 | -8.8% | -50.6% |
| 2023 | -7.8% | -6.4% |
| 2024 | +7.1% | -10.7% |
| 2025 | -33.1% | -35.7% |
| 2026 | +4.7% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLM and UA good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COLM and UA?
As of 2026-08-27, the correlation of weekly returns between COLM and UA is 0.51 over 3 years, 0.58 over 1 year and 0.57 over 5 years.
Is UA a good diversifier for COLM?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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.
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Related comparisons
Hubs: COLM correlations · UA correlations
