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PLNT vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PLNT vs. SPY

Last updated Jun 23, 2026

PLNT (Planet Fitness, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PLNT returned 12.15%/yr vs 15.70%/yr for SPY. At a 0.44 correlation, their price movements are largely independent.

Performance

PLNT vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Planet Fitness, Inc. (PLNT) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PLNT achieves a -52.93% return, which is significantly lower than SPY's 9.74% return. Over the past 10 years, PLNT has underperformed SPY with an annualized return of 12.15%, while SPY has yielded a comparatively higher 15.70% annualized return.

PLNT

1D
-3.62%
1M
-1.90%
YTD
-52.93%
6M
-54.16%
1Y
-52.39%
3Y*
-8.06%
5Y*
-8.10%
10Y*
12.15%

SPY

1D
-0.31%
1M
0.09%
YTD
9.74%
6M
9.27%
1Y
26.65%
3Y*
21.27%
5Y*
13.51%
10Y*
15.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PLNT vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PLNT
Planet Fitness, Inc.		-52.93%9.71%35.44%-7.36%-13.01%16.68%3.95%39.28%54.84%72.29%
SPY
State Street SPDR S&P 500 ETF		9.74%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between PLNT and SPY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Aug 6, 2015

0.44

Over the past year, the correlation between PLNT and SPY has dropped to 0.24 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

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Planet Fitness, Inc.

State Street SPDR S&P 500 ETF

Often compared with PLNT:
PLNT vs. LTHPLNT vs. PTONPLNT vs. QQQPLNT vs. VOOPLNT vs. SCHDPLNT vs. ABBVPLNT vs. XLK
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

PLNT vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PLNT
PLNT Risk / Return Rank: 44
Overall Rank
PLNT Sharpe Ratio Rank: 33
Sharpe Ratio Rank
PLNT Sortino Ratio Rank: 55
Sortino Ratio Rank
PLNT Omega Ratio Rank: 33
Omega Ratio Rank
PLNT Calmar Ratio Rank: 99
Calmar Ratio Rank
PLNT Martin Ratio Rank: 11
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 6868
Overall Rank
SPY Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6666
Sortino Ratio Rank
SPY Omega Ratio Rank: 6868
Omega Ratio Rank
SPY Calmar Ratio Rank: 6363
Calmar Ratio Rank
SPY Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLNT vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Planet Fitness, Inc. (PLNT) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

PLNTSPYDifference
Sharpe ratioReturn per unit of total volatility
-1.16
2.16

-3.32

Sortino ratioReturn per unit of downside risk
-1.61
2.91

-4.52

Omega ratioGain probability vs. loss probability

0.74

1.39

-0.65

Calmar ratioReturn relative to maximum drawdown

-0.86

3.01

-3.87

Martin ratioReturn relative to average drawdown

-1.97

13.54

-15.50

PLNT vs. SPY - Sharpe Ratio Comparison

The current PLNT Sharpe Ratio is -1.16, which is lower than the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of PLNT and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PLNT vs. SPY - Drawdown Comparison

The maximum PLNT drawdown since its inception was -68.72%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PLNT and SPY.

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Drawdown Indicators

PLNTSPYDifference

Max Drawdown

Largest peak-to-trough decline

-68.72%

-55.19%

-13.53%

Max Drawdown (1Y)

Largest decline over 1 year

-61.24%

-8.88%

-52.36%

Max Drawdown (3Y)

Largest decline over 3 years

-61.24%

-18.76%

-42.48%

Max Drawdown (5Y)

Largest decline over 5 years

-61.24%

-24.50%

-36.74%

Max Drawdown (10Y)

Largest decline over 10 years

-68.72%

-33.72%

-35.00%

Current Drawdown

Current decline from peak

-55.03%

-1.75%

-53.28%

Average Drawdown

Average peak-to-trough decline

-15.28%

-9.04%

-6.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

26.64%

1.97%

+24.67%

Volatility

PLNT vs. SPY - Volatility Comparison

Planet Fitness, Inc. (PLNT) has a higher volatility of 9.34% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that PLNT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PLNTSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.34%

4.64%

+4.70%

Volatility (6M)

Calculated over the trailing 6-month period

44.55%

9.75%

+34.80%

Volatility (1Y)

Calculated over the trailing 1-year period

45.31%

12.43%

+32.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

38.70%

17.14%

+21.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

43.59%

17.99%

+25.60%

Dividends

PLNT vs. SPY - Dividend Comparison

PLNT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.01%.

PositionTTM20252024202320222021202020192018201720162015
PLNT
Planet Fitness, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%13.83%0.00%
SPY
State Street SPDR S&P 500 ETF		1.01%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

PLNT and SPY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PLNT has higher volatility (9.34%) compared to SPY (4.64%). In terms of maximum drawdown, PLNT dropped -68.72% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (2.16 vs -1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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