LEVI vs. COLM

Last updated Jun 3, 2026

LEVI (Levi Strauss & Co.) and COLM (Columbia Sportswear Company) are both stocks. Both operate in the Apparel Manufacturing industry within the Consumer Cyclical sector. Over the past 5 years, LEVI returned -0.31%/yr vs -6.48%/yr for COLM. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

LEVI vs. COLM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Levi Strauss & Co. (LEVI) and Columbia Sportswear Company (COLM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEVI achieves a 11.62% return, which is significantly lower than COLM's 22.07% return.

LEVI

• 1D: -1.38%
• 1M: 2.60%
• YTD: 11.62%
• 6M: 4.84%
• 1Y: 37.28%
• 3Y*: 22.65%
• 5Y*: -0.31%
• 10Y*: —

COLM

• 1D: 0.85%
• 1M: 7.30%
• YTD: 22.07%
• 6M: 23.07%
• 1Y: 11.03%
• 3Y*: -2.56%
• 5Y*: -6.48%
• 10Y*: 3.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LEVI vs. COLM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LEVI Levi Strauss & Co.	11.62%	23.42%	7.50%	9.99%	-36.47%	25.91%	5.18%	-13.25%
COLM Columbia Sportswear Company	22.07%	-33.05%	7.08%	-7.79%	-8.79%	12.63%	-12.50%	-3.84%

Correlation

The correlation between LEVI and COLM is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019	0.52

The correlation between LEVI and COLM has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.

Fundamentals

Market Cap LEVI : $9.01B COLM : $3.51B
EPS LEVI : $1.56 COLM : $3.12
PE Ratio LEVI : 14.66 COLM : 21.33
PS Ratio LEVI : 1.40 COLM : 1.06
PB Ratio LEVI : 4.08 COLM : 2.22
Total Revenue (TTM) LEVI : $6.50B COLM : $3.40B
Gross Profit (TTM) LEVI : $4.01B COLM : $1.72B
EBITDA (TTM) LEVI : $850.90M COLM : $253.11M

Return for Risk

LEVI vs. COLM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LEVI

LEVI Risk / Return Rank: 68
LEVI Sharpe Ratio Rank: 72
LEVI Sortino Ratio Rank: 68
LEVI Omega Ratio Rank: 67
LEVI Calmar Ratio Rank: 66
LEVI Martin Ratio Rank: 66

COLM

COLM Risk / Return Rank: 47
COLM Sharpe Ratio Rank: 50
COLM Sortino Ratio Rank: 46
COLM Omega Ratio Rank: 45
COLM Calmar Ratio Rank: 47
COLM Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LEVI vs. COLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Levi Strauss & Co. (LEVI) and Columbia Sportswear Company (COLM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LEVI	COLM	Difference
Sharpe ratio Return per unit of total volatility	1.05	0.28	+0.77
Sortino ratio Return per unit of downside risk	1.67	0.69	+0.98
Omega ratio Gain probability vs. loss probability	1.21	1.09	+0.13
Calmar ratio Return relative to maximum drawdown	1.33	0.28	+1.05
Martin ratio Return relative to average drawdown	3.01	0.51	+2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEVI vs. COLM - Sharpe Ratio Comparison

The current LEVI Sharpe Ratio is 1.05, which is higher than the COLM Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of LEVI and COLM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LEVI	COLM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	0.28	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	-0.20	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.23	-0.18

Drawdowns

LEVI vs. COLM - Drawdown Comparison

The maximum LEVI drawdown since its inception was -59.85%, smaller than the maximum COLM drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for LEVI and COLM.

Drawdown Indicators

	LEVI	COLM	Difference
Max Drawdown Largest peak-to-trough decline	-59.85%	-63.18%	+3.33%
Max Drawdown (1Y) Largest decline over 1 year	-26.40%	-23.41%	-2.99%
Max Drawdown (3Y) Largest decline over 3 years	-47.47%	-46.09%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-54.74%	-51.16%	-3.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-53.92%	—
Current Drawdown Current decline from peak	-14.34%	-36.33%	+21.99%
Average Drawdown Average peak-to-trough decline	-30.17%	-20.69%	-9.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.69%	13.03%	-1.34%

Volatility

LEVI vs. COLM - Volatility Comparison

The current volatility for Levi Strauss & Co. (LEVI) is 9.06%, while Columbia Sportswear Company (COLM) has a volatility of 12.32%. This indicates that LEVI experiences smaller price fluctuations and is considered to be less risky than COLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEVI	COLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.06%	12.32%	-3.26%
Volatility (6M) Calculated over the trailing 6-month period	24.63%	27.72%	-3.09%
Volatility (1Y) Calculated over the trailing 1-year period	35.87%	39.77%	-3.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.57%	31.94%	+7.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.53%	32.77%	+10.76%

Dividends

LEVI vs. COLM - Dividend Comparison

LEVI's dividend yield for the trailing twelve months is around 2.45%, more than COLM's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLM Columbia Sportswear Company	1.80%	2.18%	1.43%	1.51%	1.37%	1.07%	0.30%	0.96%	1.07%	1.02%	1.18%	1.23%
LEVI Levi Strauss & Co.	2.45%	2.60%	2.89%	2.90%	2.84%	1.04%	0.80%	0.78%	0.00%	0.00%	0.00%	0.00%

Financials

LEVI vs. COLM - Profitability Comparison

The chart below illustrates the profitability comparison between Levi Strauss & Co. and Columbia Sportswear Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LEVI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Levi Strauss & Co. reported a gross profit of 1.08B and revenue of 1.74B. Therefore, the gross margin over that period was 61.9%.

COLM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Columbia Sportswear Company reported a gross profit of 394.96M and revenue of 779.01M. Therefore, the gross margin over that period was 50.7%.

LEVI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Levi Strauss & Co. reported an operating income of 198.70M and revenue of 1.74B, resulting in an operating margin of 11.4%.

COLM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Columbia Sportswear Company reported an operating income of 41.99M and revenue of 779.01M, resulting in an operating margin of 5.4%.

LEVI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Levi Strauss & Co. reported a net income of 175.80M and revenue of 1.74B, resulting in a net margin of 10.1%.

COLM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Columbia Sportswear Company reported a net income of 34.31M and revenue of 779.01M, resulting in a net margin of 4.4%.

Frequently Asked Questions

Can I hold both LEVI and COLM in my portfolio?

LEVI and COLM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEVI or COLM?

COLM has higher volatility (12.32%) compared to LEVI (9.06%). In terms of maximum drawdown, LEVI dropped -59.85% vs COLM's -63.18%.

Which has better risk-adjusted returns?

LEVI currently has the higher Sharpe Ratio (1.05 vs 0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.