OLLI vs PLAG: Correlation
Measured on weekly returns over the past three years, Ollie's Bargain Outlet Holdings, Inc. (OLLI) and Planet Green Holdings Corp. (PLAG) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLLI and PLAG?
Over the past 3 years, OLLI and PLAG moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1369.5 %².
Among the 12 assets we track against OLLI, PLAG sits near the bottom by co-movement, at rank #11. On 12-month performance OLLI holds a 13.9-point edge, -45.2% against -59.1%. Risk is not evenly split, since PLAG carries 4.6 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.
OLLI vs PLAG: side by side
| OLLI (Ollie's Bargain Outlet Holdings, Inc.) | PLAG (Planet Green Holdings Corp.) | |
|---|---|---|
| 1-year return | -45.2% | -59.1% |
| 5-year return | -6.7% | -94.2% |
| Volatility (ann.) | 35.2% | 160.4% |
| Beta vs S&P 500 | 0.75 | -0.67 |
| Max drawdown (3Y) | -56.1% | -93.8% |
| Market cap | $4.3B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLLI | PLAG |
|---|---|---|
| 2022 | -8.5% | -39.2% |
| 2023 | +62.0% | -21.0% |
| 2024 | +44.6% | -46.9% |
| 2025 | -0.1% | -15.8% |
| 2026 | -34.8% | -67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLLI and PLAG good diversifiers for each other?
Yes. With a correlation of -0.24, OLLI and PLAG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OLLI and PLAG?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.14 over the last year and -0.12 over 5 years.
Is PLAG a good diversifier for OLLI?
Yes. With a correlation of -0.24, OLLI and PLAG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/olli-vs-plag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/olli-vs-plag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OLLI correlations · PLAG correlations
