NTGR vs PLCE: Correlation
How closely do NETGEAR, Inc. (NTGR) and Children's Place, Inc. (The) (PLCE) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTGR and PLCE?
On 3 years of weekly data the NTGR/PLCE correlation comes out at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.08 versus 0.46 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 3740.9 %².
PLCE is one of the assets that tracks NTGR most closely: it ranks #2 out of the 11 assets we track against NTGR. The last year tells two different stories: NTGR led by 28.1 percentage points, -19.0% for NTGR against -47.1% for PLCE. Risk is not evenly split, since PLCE carries 3.1 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.
NTGR vs PLCE: side by side
| NTGR (NETGEAR, Inc.) | PLCE (Children's Place, Inc. (The)) | |
|---|---|---|
| 1-year return | -19.0% | -47.1% |
| 5-year return | -38.5% | -97.2% |
| Volatility (ann.) | 51.4% | 159.8% |
| Beta vs S&P 500 | 1.43 | 2.28 |
| Max drawdown (3Y) | -44.8% | -92.3% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTGR | PLCE |
|---|---|---|
| 2022 | -38.0% | -54.1% |
| 2023 | -19.5% | -36.2% |
| 2024 | +91.2% | -55.0% |
| 2025 | -12.0% | -62.0% |
| 2026 | -10.4% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTGR and PLCE good diversifiers for each other?
Reasonably. At 0.46, NTGR and PLCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NTGR and PLCE?
The NTGR/PLCE correlation stands at 0.46 on a 3-year window (1 year: -0.08, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is PLCE a good diversifier for NTGR?
Reasonably. At 0.46, NTGR and PLCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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.
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Related comparisons
Hubs: NTGR correlations · PLCE correlations
