LEGR vs. PL
LEGR (First Trust Indxx Innovative Transaction & Process ETF) is Blockchain fund tracking the Indxx Blockchain Index, while PL (Planet Labs PBC) is a stock. Over the past 5 years, LEGR returned 11.61%/yr vs 25.63%/yr for PL. At a 0.44 correlation, their price movements are largely independent.
Performance
LEGR vs. PL - Performance Comparison
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Returns By Period
In the year-to-date period, LEGR achieves a 11.18% return, which is significantly lower than PL's 57.96% return.
LEGR
- 1D
- 0.92%
- 1M
- 4.00%
- YTD
- 11.18%
- 6M
- 13.29%
- 1Y
- 28.16%
- 3Y*
- 22.32%
- 5Y*
- 11.61%
- 10Y*
- —
PL
- 1D
- -8.84%
- 1M
- -25.16%
- YTD
- 57.96%
- 6M
- 70.78%
- 1Y
- 480.07%
- 3Y*
- 106.65%
- 5Y*
- 25.63%
- 10Y*
- —
LEGR vs. PL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 11.18% | 30.83% | 16.25% | 22.79% | -19.01% | 6.85% |
PL Planet Labs PBC | 57.96% | 388.12% | 63.56% | -43.22% | -29.27% | -37.24% |
Correlation
The correlation between LEGR and PL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.44 |
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Return for Risk
LEGR vs. PL — Risk / Return Rank
LEGR
PL
LEGR vs. PL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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.
| LEGR | PL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.55 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 11.79 | -9.15 |
| Martin ratioReturn relative to average drawdown | 9.72 | 36.80 | -27.08 |
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Drawdowns
LEGR vs. PL - Drawdown Comparison
The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum PL drawdown of -85.73%. Use the drawdown chart below to compare losses from any high point for LEGR and PL.
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Drawdown Indicators
| LEGR | PL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -85.73% | +49.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -40.23% | +29.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | -55.17% | +40.92% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -85.73% | +54.28% |
Current DrawdownCurrent decline from peak | -2.56% | -39.40% | +36.84% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -49.90% | +43.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 12.88% | -10.06% |
Volatility
LEGR vs. PL - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 5.87%, while Planet Labs PBC (PL) has a volatility of 39.48%. This indicates that LEGR 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
| LEGR | PL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 39.48% | -33.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 78.71% | -66.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 102.61% | -88.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 80.98% | -63.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 79.91% | -59.58% |
Dividends
LEGR vs. PL - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 1.68%, while PL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 1.68% | 1.84% | 2.40% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
PL Planet Labs PBC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LEGR and PL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PL has higher volatility (39.48%) compared to LEGR (5.87%). In terms of maximum drawdown, LEGR dropped -36.12% vs PL's -85.73%.
PL currently has the higher Sharpe Ratio (4.62 vs 1.91), 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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