On decomposable correlation matrices

Correlation matrices (positive semidefinite matrices with ones on the diagonal) are of fundamental interest in quantum information theory. In this work we introduce and study the set of $r$-decomposable correlation matrices: those that can be written as the Schur product of correlation matrices of rank at most $r$. We find that for all $r \geq 2$, every $(r+1) \times (r+1)$ correlation matrix is $r$-decomposable, and we construct ${(2r+1) \times (2r+1)}$ correlation matrices that are not $r$-decomposable. One question this leaves open is whether every $4 \times 4$ correlation matrix is $2$-decomposable, which we make partial progress toward resolving. We apply our results to an entanglement detection scenario.