PLNT vs SOBR: Correlation
How closely do Planet Fitness, Inc. (PLNT) and SOBR Safe, Inc. (SOBR) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLNT and SOBR?
Over the past 3 years, PLNT and SOBR moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.20). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -1237.8 %².
Among the 24 assets we track against PLNT, SOBR ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PLNT ahead by 35.0 points (-51.1% versus -86.1%). One caveat on sizing: SOBR is 4.1 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.
PLNT vs SOBR: side by side
| PLNT (Planet Fitness, Inc.) | SOBR (SOBR Safe, Inc.) | |
|---|---|---|
| 1-year return | -51.1% | -86.1% |
| 5-year return | -36.6% | -100.0% |
| Volatility (ann.) | 39.0% | 159.6% |
| Beta vs S&P 500 | 0.42 | 1.65 |
| Max drawdown (3Y) | -61.2% | -100.0% |
| Market cap | $3.9B | – |
| P/E (trailing) | 17.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLNT | SOBR |
|---|---|---|
| 2022 | -13.0% | -89.3% |
| 2023 | -7.4% | -52.5% |
| 2024 | +35.4% | -97.7% |
| 2025 | +9.7% | -81.6% |
| 2026 | -52.3% | -77.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLNT and SOBR good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLNT and SOBR?
As of 2026-08-27, the correlation of weekly returns between PLNT and SOBR is -0.20 over 3 years, -0.37 over 1 year and -0.17 over 5 years.
Is SOBR a good diversifier for PLNT?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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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Hubs: PLNT correlations · SOBR correlations
