AQB vs PLNT: Correlation
AquaBounty Technologies, Inc. (AQB) and Planet Fitness, Inc. (PLNT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQB and PLNT?
On 3 years of weekly data the AQB/PLNT correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at -874.9 %².
PLNT is close to the least connected end of AQB's tracked universe, ranking #10 of 10. The last year tells two different stories: AQB led by 95.4 percentage points, +44.3% for AQB against -51.1% for PLNT. Note the risk asymmetry: AQB runs 2.5 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.
AQB vs PLNT: side by side
| AQB (AquaBounty Technologies, Inc.) | PLNT (Planet Fitness, Inc.) | |
|---|---|---|
| 1-year return | +44.3% | -51.1% |
| 5-year return | -98.6% | -36.6% |
| Volatility (ann.) | 97.8% | 39.0% |
| Beta vs S&P 500 | 1.24 | 0.42 |
| Max drawdown (3Y) | -90.6% | -61.2% |
| Market cap | – | $3.9B |
| P/E (trailing) | – | 17.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQB | PLNT |
|---|---|---|
| 2022 | -63.6% | -13.0% |
| 2023 | -81.3% | -7.4% |
| 2024 | -78.0% | +35.4% |
| 2025 | +48.6% | +9.7% |
| 2026 | +40.9% | -52.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQB and PLNT good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AQB and PLNT?
The AQB/PLNT correlation stands at -0.23 on a 3-year window (1 year: -0.21, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is PLNT a good diversifier for AQB?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/aqb-vs-plnt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aqb-vs-plnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AQB correlations · PLNT correlations
