PLCE vs SPY: Correlation
How closely do Children's Place, Inc. (The) (PLCE) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLCE and SPY?
Across a 3-year window, the weekly returns of PLCE and SPY correlate at 0.21, weak. The link has tightened recently: the 1-year correlation (0.37) runs above the 3-year figure (0.21). Stretching to 5 years gives 0.21, with an annualized covariance of 476.2 %².
Among the 21 assets we track against PLCE, SPY sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with SPY ahead by 67.7 points (-47.1% versus +20.6%). Note the risk asymmetry: PLCE runs 11.0 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.
PLCE vs SPY: side by side
| PLCE (Children's Place, Inc. (The)) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -47.1% | +20.6% |
| 5-year return | -97.2% | +82.4% |
| Volatility (ann.) | 159.8% | 14.5% |
| Beta vs S&P 500 | 2.28 | 1.00 |
| Max drawdown (3Y) | -92.3% | -18.8% |
| Market cap | $0.1B | – |
| 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 | PLCE | SPY |
|---|---|---|
| 2022 | -54.1% | -18.2% |
| 2023 | -36.2% | +26.2% |
| 2024 | -55.0% | +24.9% |
| 2025 | -62.0% | +17.7% |
| 2026 | -38.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLCE and SPY good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PLCE and SPY?
The PLCE/SPY correlation stands at 0.21 on a 3-year window (1 year: 0.37, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for PLCE?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
A reading of 0.21 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: PLCE correlations · SPY correlations
