PLNT vs XBIO: Correlation
Measured on weekly returns over the past three years, Planet Fitness, Inc. (PLNT) and Xenetic Biosciences, Inc. (XBIO) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLNT and XBIO?
Across a 3-year window, the weekly returns of PLNT and XBIO correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -755.8 %².
Among the 24 assets we track against PLNT, XBIO ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XBIO ahead by 90.9 points (-51.1% versus +39.8%). Note the risk asymmetry: XBIO runs 2.3 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.
PLNT vs XBIO: side by side
| PLNT (Planet Fitness, Inc.) | XBIO (Xenetic Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -51.1% | +39.8% |
| 5-year return | -36.6% | -86.8% |
| Volatility (ann.) | 39.0% | 90.1% |
| Beta vs S&P 500 | 0.42 | 0.46 |
| Max drawdown (3Y) | -61.2% | -80.5% |
| 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 | XBIO |
|---|---|---|
| 2022 | -13.0% | -77.9% |
| 2023 | -7.4% | +21.1% |
| 2024 | +35.4% | +15.7% |
| 2025 | +9.7% | -45.6% |
| 2026 | -52.3% | +82.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLNT and XBIO good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PLNT and XBIO?
As of 2026-08-27, the correlation of weekly returns between PLNT and XBIO is -0.22 over 3 years, -0.26 over 1 year and -0.08 over 5 years.
Is XBIO a good diversifier for PLNT?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-xbio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/plnt-vs-xbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLNT correlations · XBIO correlations
