PLNT vs PRMB: Correlation
Planet Fitness, Inc. (PLNT) and Primo Brands Corporation (PRMB) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLNT and PRMB?
On 3 years of weekly data the PLNT/PRMB correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.30 over 3 years. The 5-year figure is 0.02, and annualized covariance runs at -461.2 %².
PRMB is close to the least connected end of PLNT's tracked universe, ranking #22 of 24. Their recent paths diverged sharply: over the last 12 months PRMB outperformed by 41.2 percentage points (-51.1% for PLNT against -9.9% for PRMB).
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.
PLNT vs PRMB: side by side
| PLNT (Planet Fitness, Inc.) | PRMB (Primo Brands Corporation) | |
|---|---|---|
| 1-year return | -51.1% | -9.9% |
| 5-year return | -36.6% | +43.1% |
| Volatility (ann.) | 39.0% | 39.7% |
| Beta vs S&P 500 | 0.42 | 0.62 |
| Max drawdown (3Y) | -61.2% | -59.1% |
| Market cap | $3.9B | $8.1B |
| P/E (trailing) | 17.6 | 77.4 |
| Dividend yield | 0.00% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLNT | PRMB |
|---|---|---|
| 2022 | -13.0% | -10.1% |
| 2023 | -7.4% | -0.9% |
| 2024 | +35.4% | +114.6% |
| 2025 | +9.7% | -46.0% |
| 2026 | -52.3% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLNT and PRMB good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLNT and PRMB?
The PLNT/PRMB correlation stands at -0.30 on a 3-year window (1 year: -0.50, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is PRMB a good diversifier for PLNT?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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: PLNT correlations · PRMB correlations
