PLBC vs SPY: Correlation
Plumas Bancorp (PLBC) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLBC and SPY?
Across a 3-year window, the weekly returns of PLBC and SPY correlate at 0.18, weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.18). Stretching to 5 years gives 0.18, with an annualized covariance of 77.7 %².
Out of 16 assets tracked against PLBC, SPY lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months PLBC outperformed by 24.7 percentage points (+45.3% for PLBC against +20.6% for SPY). One caveat on sizing: PLBC is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PLBC vs SPY: side by side
| PLBC (Plumas Bancorp) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +45.3% | +20.6% |
| 5-year return | +114.6% | +82.4% |
| Volatility (ann.) | 30.5% | 14.5% |
| Beta vs S&P 500 | 0.37 | 1.00 |
| Max drawdown (3Y) | -26.7% | -18.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 2.06% | 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 | PLBC | SPY |
|---|---|---|
| 2022 | +11.7% | -18.2% |
| 2023 | +14.7% | +26.2% |
| 2024 | +17.5% | +24.9% |
| 2025 | -2.7% | +17.7% |
| 2026 | +39.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLBC and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLBC and SPY?
The PLBC/SPY correlation stands at 0.18 on a 3-year window (1 year: 0.05, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for PLBC?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
A reading of 0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PLBC correlations · SPY correlations
