FOUR vs PLNT: Correlation
How closely do Shift4 Payments, Inc. (FOUR) and Planet Fitness, Inc. (PLNT) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOUR and PLNT?
Across a 3-year window, the weekly returns of FOUR and PLNT correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 759.4 %².
By 3-year correlation, PLNT places #14 of the 20 assets tracked against FOUR. Neither side won the trailing year by much: -51.3% against -51.1%.
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.
FOUR vs PLNT: side by side
| FOUR (Shift4 Payments, Inc.) | PLNT (Planet Fitness, Inc.) | |
|---|---|---|
| 1-year return | -51.3% | -51.1% |
| 5-year return | -48.7% | -36.6% |
| Volatility (ann.) | 52.8% | 39.0% |
| Beta vs S&P 500 | 1.43 | 0.42 |
| Max drawdown (3Y) | -71.6% | -61.2% |
| Market cap | $3.5B | $3.9B |
| P/E (trailing) | 68.7 | 17.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOUR | PLNT |
|---|---|---|
| 2022 | -3.5% | -13.0% |
| 2023 | +32.9% | -7.4% |
| 2024 | +39.6% | +35.4% |
| 2025 | -39.3% | +9.7% |
| 2026 | -30.2% | -52.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOUR and PLNT good diversifiers for each other?
Reasonably. At 0.37, FOUR and PLNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FOUR and PLNT?
The FOUR/PLNT correlation stands at 0.37 on a 3-year window (1 year: 0.32, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is PLNT a good diversifier for FOUR?
Reasonably. At 0.37, FOUR and PLNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/four-vs-plnt.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOUR correlations · PLNT correlations
