FRES.L vs. PL

Last updated Jul 1, 2026

FRES.L (Fresnillo plc) and PL (Planet Labs PBC) are both stocks. FRES.L operates in Other Precious Metals & Mining (Basic Materials), while PL operates in Aerospace & Defense (Industrials). Over the past 3 years, FRES.L returned 70.39%/yr vs 114.49%/yr for PL. At a 0.13 correlation, their price movements are largely independent.

Performance

FRES.L vs. PL - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fresnillo plc (FRES.L) and Planet Labs PBC (PL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FRES.L is traded in GBp, while PL is traded in USD. To make them comparable, the PL values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, FRES.L achieves a -15.96% return, which is significantly lower than PL's 70.95% return.

FRES.L

• 1D: -1.44%
• 1M: -16.59%
• YTD: -15.96%
• 6M: -17.88%
• 1Y: 96.36%
• 3Y*: 70.39%
• 5Y*: 31.92%
• 10Y*: 7.10%

PL

• 1D: 6.04%
• 1M: -34.16%
• YTD: 70.95%
• 6M: 70.72%
• 1Y: 463.12%
• 3Y*: 114.49%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FRES.L vs. PL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRES.L Fresnillo plc	-15.96%	468.21%	6.13%	-32.98%	3.90%	0.52%
PL Planet Labs PBC	70.95%	353.34%	66.42%	-46.06%	-20.86%	-46.67%

Correlation

The correlation between FRES.L and PL is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021	0.13

Fundamentals

Market Cap FRES.L : £20.20B PL : $11.45B
EPS FRES.L : $2.08 PL : -$1.17
PS Ratio FRES.L : 3.33 PL : 31.50
PB Ratio FRES.L : 5.77 PL : 25.80
Total Revenue (TTM) FRES.L : $8.03B PL : $335.61M
Gross Profit (TTM) FRES.L : $3.75B PL : $186.28M
EBITDA (TTM) FRES.L : $3.90B PL : -$125.70M

Return for Risk

FRES.L vs. PL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRES.L

FRES.L Risk / Return Rank: 82
FRES.L Sharpe Ratio Rank: 87
FRES.L Sortino Ratio Rank: 82
FRES.L Omega Ratio Rank: 80
FRES.L Calmar Ratio Rank: 82
FRES.L Martin Ratio Rank: 81

PL

PL Risk / Return Rank: 97
PL Sharpe Ratio Rank: 98
PL Sortino Ratio Rank: 96
PL Omega Ratio Rank: 95
PL Calmar Ratio Rank: 97
PL Martin Ratio Rank: 98

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.

FRES.L vs. PL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fresnillo plc (FRES.L) and Planet Labs PBC (PL). 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.

	FRES.L	PL	Difference
Sharpe ratio: Return per unit of total volatility	1.71	4.55	-2.84
Sortino ratio: Return per unit of downside risk	2.28	4.15	-1.87
Omega ratio: Gain probability vs. loss probability	1.28	1.55	-0.27
Calmar ratio: Return relative to maximum drawdown	2.59	9.78	-7.19
Martin ratio: Return relative to average drawdown	6.08	29.74	-23.65

FRES.L vs. PL - Sharpe Ratio Comparison

The current FRES.L Sharpe Ratio is 1.71, which is lower than the PL Sharpe Ratio of 4.55. The chart below compares the historical Sharpe Ratios of FRES.L and PL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FRES.L vs. PL - Drawdown Comparison

The maximum FRES.L drawdown since its inception was -82.49%, roughly equal to the maximum PL drawdown of -84.27%. Use the drawdown chart below to compare losses from any high point for FRES.L and PL.

Drawdown Indicators

	FRES.L	PL	Difference
Max Drawdown Largest peak-to-trough decline	-82.49%	-84.27%	+1.78%
Max Drawdown (1Y) Largest decline over 1 year	-37.00%	-47.76%	+10.76%
Max Drawdown (3Y) Largest decline over 3 years	-37.00%	-57.84%	+20.84%
Max Drawdown (5Y) Largest decline over 5 years	-53.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-74.56%	—	—
Current Drawdown Current decline from peak	-37.00%	-34.55%	-2.45%
Average Drawdown Average peak-to-trough decline	-42.85%	-53.95%	+11.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.78%	15.67%	+0.11%

Volatility

FRES.L vs. PL - Volatility Comparison

The current volatility for Fresnillo plc (FRES.L) is 16.50%, while Planet Labs PBC (PL) has a volatility of 40.91%. This indicates that FRES.L experiences smaller price fluctuations and is considered to be less risky than PL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRES.L	PL	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.50%	40.91%	-24.41%
Volatility (6M) Calculated over the trailing 6-month period	43.75%	72.53%	-28.78%
Volatility (1Y) Calculated over the trailing 1-year period	56.04%	102.58%	-46.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.80%	83.91%	-41.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.23%	83.91%	-40.68%

Dividends

FRES.L vs. PL - Dividend Comparison

FRES.L's dividend yield for the trailing twelve months is around 3.47%, while PL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRES.L Fresnillo plc	3.47%	2.00%	1.36%	1.98%	2.44%	2.66%	1.00%	2.35%	3.49%	1.73%
PL Planet Labs PBC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both FRES.L and PL in my portfolio?

FRES.L and PL have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.