AOS vs PLAG: Correlation
A. O. Smith (AOS) and Planet Green Holdings Corp. (PLAG) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and PLAG?
On 3 years of weekly data the AOS/PLAG correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.05 over 1 year against -0.14 over 3. The 5-year figure is -0.04, and annualized covariance runs at -543.2 %².
Among the 33 assets we track against AOS, PLAG ranks #24 by 3-year correlation. The last year tells two different stories: AOS led by 46.5 percentage points, -12.6% for AOS against -59.1% for PLAG. Risk is not evenly split, since PLAG carries 6.8 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.
AOS vs PLAG: side by side
| AOS (A. O. Smith) | PLAG (Planet Green Holdings Corp.) | |
|---|---|---|
| 1-year return | -12.6% | -59.1% |
| 5-year return | -6.7% | -94.2% |
| Volatility (ann.) | 23.5% | 160.4% |
| Beta vs S&P 500 | 0.67 | -0.67 |
| Max drawdown (3Y) | -36.9% | -93.8% |
| Market cap | $8.4B | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AOS | PLAG |
|---|---|---|
| 2022 | -32.1% | -39.2% |
| 2023 | +46.7% | -21.0% |
| 2024 | -15.9% | -46.9% |
| 2025 | +0.1% | -15.8% |
| 2026 | -5.8% | -67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and PLAG good diversifiers for each other?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between AOS and PLAG?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.05 over the last year and -0.04 over 5 years.
Is PLAG a good diversifier for AOS?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
What does a correlation of -0.14 mean?
A reading of -0.14 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/aos-vs-plag.json
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Related comparisons
Hubs: AOS correlations · PLAG correlations
