FABC vs PLNT: Correlation
Measured on weekly returns over the past three years, Fabric.AI, Inc. (FABC) and Planet Fitness, Inc. (PLNT) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FABC and PLNT?
Over the past 3 years, FABC and PLNT moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.27). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -966.0 %².
PLNT is close to the least connected end of FABC's tracked universe, ranking #10 of 10. Twelve-month performance is nearly a tie, at -52.7% for FABC and -51.1% for PLNT. Note the risk asymmetry: FABC runs 2.3 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.
FABC vs PLNT: side by side
| FABC (Fabric.AI, Inc.) | PLNT (Planet Fitness, Inc.) | |
|---|---|---|
| 1-year return | -52.7% | -51.1% |
| 5-year return | -99.5% | -36.6% |
| Volatility (ann.) | 91.5% | 39.0% |
| Beta vs S&P 500 | 1.87 | 0.42 |
| Max drawdown (3Y) | -97.7% | -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 | FABC | PLNT |
|---|---|---|
| 2022 | -76.4% | -13.0% |
| 2023 | -42.1% | -7.4% |
| 2024 | -61.4% | +35.4% |
| 2025 | -77.5% | +9.7% |
| 2026 | +13.9% | -52.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FABC and PLNT good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between FABC and PLNT?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.48 over the last year and -0.06 over 5 years.
Is PLNT a good diversifier for FABC?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/fabc-vs-plnt.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FABC correlations · PLNT correlations
