PLAG vs SPY: Correlation
Measured on weekly returns over the past three years, Planet Green Holdings Corp. (PLAG) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of -0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLAG and SPY?
Over the past 3 years, PLAG and SPY moved with a correlation of -0.06, which is near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.08 versus -0.06 over 3 years. Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is -140.4 %².
Within PLAG's tracked universe of 20 assets, SPY comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 79.7 percentage points (-59.1% for PLAG against +20.6% for SPY). Note the risk asymmetry: PLAG runs 11.1 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.
PLAG vs SPY: side by side
| PLAG (Planet Green Holdings Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -59.1% | +20.6% |
| 5-year return | -94.2% | +82.4% |
| Volatility (ann.) | 160.4% | 14.5% |
| Beta vs S&P 500 | -0.67 | 1.00 |
| Max drawdown (3Y) | -93.8% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | PLAG | SPY |
|---|---|---|
| 2022 | -39.2% | -18.2% |
| 2023 | -21.0% | +26.2% |
| 2024 | -46.9% | +24.9% |
| 2025 | -15.8% | +17.7% |
| 2026 | -67.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLAG and SPY good diversifiers for each other?
By historical standards, yes. A correlation of -0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLAG and SPY?
As of 2026-08-27, the correlation of weekly returns between PLAG and SPY is -0.06 over 3 years, 0.08 over 1 year and 0.04 over 5 years.
Is SPY a good diversifier for PLAG?
By historical standards, yes. A correlation of -0.06 means the two rarely move for the same reasons.
What does a correlation of -0.06 mean?
On the −1 to +1 scale, -0.06 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.
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Related comparisons
Hubs: PLAG correlations · SPY correlations
