PLNT vs QQQ: Correlation
Measured on weekly returns over the past three years, Planet Fitness, Inc. (PLNT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.10, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLNT and QQQ?
Over the past 3 years, PLNT and QQQ moved with a correlation of 0.10, which is weak. The past 12 months show a weaker link (-0.29) than the 3-year average (0.10). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 73.5 %².
Within PLNT's tracked universe of 24 assets, QQQ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 77.4 points (-51.1% versus +26.3%). Risk is not evenly split, since PLNT carries 2.0 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.
PLNT vs QQQ: side by side
| PLNT (Planet Fitness, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -51.1% | +26.3% |
| 5-year return | -36.6% | +95.4% |
| Volatility (ann.) | 39.0% | 19.6% |
| Beta vs S&P 500 | 0.42 | 1.28 |
| Max drawdown (3Y) | -61.2% | -22.8% |
| Market cap | $3.9B | – |
| P/E (trailing) | 17.6 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | PLNT | QQQ |
|---|---|---|
| 2022 | -13.0% | -32.6% |
| 2023 | -7.4% | +54.9% |
| 2024 | +35.4% | +25.6% |
| 2025 | +9.7% | +20.8% |
| 2026 | -52.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLNT and QQQ good diversifiers for each other?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PLNT and QQQ?
Using weekly returns as of 2026-08-27: 0.10 over 3 years, with -0.29 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for PLNT?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.10 mean?
On the −1 to +1 scale, 0.10 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/plnt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/plnt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLNT correlations · QQQ correlations
