HLIT vs. PL
HLIT (Harmonic Inc.) and PL (Planet Labs PBC) are both stocks. HLIT operates in Communication Equipment (Technology), while PL operates in Aerospace & Defense (Industrials). Over the past 3 years, HLIT returned -3.50%/yr vs 110.83%/yr for PL. At a 0.33 correlation, their price movements are largely independent.
Performance
HLIT vs. PL - Performance Comparison
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Returns By Period
In the year-to-date period, HLIT achieves a 51.26% return, which is significantly higher than PL's 45.89% return.
HLIT
- 1D
- -0.80%
- 1M
- -1.58%
- YTD
- 51.26%
- 6M
- 50.05%
- 1Y
- 68.47%
- 3Y*
- -3.50%
- 5Y*
- 13.11%
- 10Y*
- 18.12%
PL
- 1D
- 1.91%
- 1M
- -35.13%
- YTD
- 45.89%
- 6M
- 39.66%
- 1Y
- 471.97%
- 3Y*
- 110.83%
- 5Y*
- —
- 10Y*
- —
HLIT vs. PL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HLIT Harmonic Inc. | 51.26% | -25.25% | 1.46% | -0.46% | 11.39% | 9.09% |
PL Planet Labs PBC | 45.89% | 388.12% | 63.56% | -43.22% | -29.27% | -45.33% |
Correlation
The correlation between HLIT and PL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.33 |
Fundamentals
HLIT:
$1.65B
PL:
$9.94B
HLIT:
-$0.37
PL:
-$1.17
HLIT:
3.37
PL:
27.35
HLIT:
4.66
PL:
22.40
HLIT:
$500.34M
PL:
$335.61M
HLIT:
$260.72M
PL:
$186.28M
HLIT:
$46.11M
PL:
-$125.70M
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Return for Risk
HLIT vs. PL — Risk / Return Rank
HLIT
PL
HLIT vs. PL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmonic Inc. (HLIT) 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.
| HLIT | PL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.55 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 10.55 | -7.48 |
| Martin ratioReturn relative to average drawdown | 7.73 | 33.29 | -25.56 |
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Drawdowns
HLIT vs. PL - Drawdown Comparison
The maximum HLIT drawdown since its inception was -99.32%, which is greater than PL's maximum drawdown of -85.11%. Use the drawdown chart below to compare losses from any high point for HLIT and PL.
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Drawdown Indicators
| HLIT | PL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -85.11% | -14.21% |
Max Drawdown (1Y)Largest decline over 1 year | -22.44% | -45.12% | +22.68% |
Max Drawdown (3Y)Largest decline over 3 years | -50.45% | -55.17% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.14% | — | — |
Current DrawdownCurrent decline from peak | -90.18% | -44.03% | -46.15% |
Average DrawdownAverage peak-to-trough decline | -84.34% | -55.33% | -29.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 14.27% | -5.38% |
Volatility
HLIT vs. PL - Volatility Comparison
The current volatility for Harmonic Inc. (HLIT) is 29.85%, while Planet Labs PBC (PL) has a volatility of 39.28%. This indicates that HLIT 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.
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Volatility by Period
| HLIT | PL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.85% | 39.28% | -9.43% |
Volatility (6M)Calculated over the trailing 6-month period | 39.15% | 72.86% | -33.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.53% | 103.02% | -55.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.41% | 84.79% | -36.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.63% | 84.79% | -34.16% |
Dividends
HLIT vs. PL - Dividend Comparison
Neither HLIT nor PL has paid dividends to shareholders.
Financials
HLIT vs. PL - Financials Comparison
This section allows you to compare key financial metrics between Harmonic Inc. and Planet Labs PBC. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
HLIT and PL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PL has higher volatility (39.28%) compared to HLIT (29.85%). In terms of maximum drawdown, HLIT dropped -99.32% vs PL's -85.11%.
PL currently has the higher Sharpe Ratio (4.63 vs 1.45), 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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