COLM vs UAA: Correlation
Measured on weekly returns over the past three years, Columbia Sportswear Company (COLM) and Under Armour, Inc. (UAA) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLM and UAA?
Over the past 3 years, COLM and UAA moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 759.7 %².
Among the 17 assets we track against COLM, UAA ranks #7 by 3-year correlation. Neither side won the trailing year by much: +5.2% against +0.6%. Note the risk asymmetry: UAA runs 1.6 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 UAA: side by side
| COLM (Columbia Sportswear Company) | UAA (Under Armour, Inc.) | |
|---|---|---|
| 1-year return | +5.2% | +0.6% |
| 5-year return | -40.1% | -79.0% |
| Volatility (ann.) | 31.1% | 49.2% |
| Beta vs S&P 500 | 0.58 | 0.99 |
| Max drawdown (3Y) | -46.1% | -62.5% |
| Market cap | $2.9B | $2.2B |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 2.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLM | UAA |
|---|---|---|
| 2022 | -8.8% | -52.1% |
| 2023 | -7.8% | -13.5% |
| 2024 | +7.1% | -5.8% |
| 2025 | -33.1% | -40.0% |
| 2026 | +4.7% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLM and UAA good diversifiers for each other?
To a limited degree. At 0.50 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 UAA?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.59 over the last year and 0.56 over 5 years.
Is UAA a good diversifier for COLM?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/colm-vs-uaa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/colm-vs-uaa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COLM correlations · UAA correlations
