PL vs. AGMI
PL (Planet Labs PBC) is a stock, while AGMI (Themes Silver Miners ETF) is Silver fund tracking the STOXX Global Silver Mining Index. Over the past year, PL returned 1023.18% vs 112.77% for AGMI. At a 0.28 correlation, their price movements are largely independent.
Performance
PL vs. AGMI - Performance Comparison
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Returns By Period
In the year-to-date period, PL achieves a 118.71% return, which is significantly higher than AGMI's 7.60% return.
PL
- 1D
- -10.31%
- 1M
- 11.91%
- YTD
- 118.71%
- 6M
- 259.12%
- 1Y
- 1,023.18%
- 3Y*
- 109.66%
- 5Y*
- 34.22%
- 10Y*
- —
AGMI
- 1D
- -4.74%
- 1M
- 3.77%
- YTD
- 7.60%
- 6M
- 20.09%
- 1Y
- 112.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PL vs. AGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PL Planet Labs PBC | 118.71% | 388.12% | 123.20% |
AGMI Themes Silver Miners ETF | 7.60% | 176.11% | -0.74% |
Correlation
The correlation between PL and AGMI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 6, 2024 | 0.28 |
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Return for Risk
PL vs. AGMI — Risk / Return Rank
PL
AGMI
PL vs. AGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and Themes Silver Miners ETF (AGMI). 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.
| PL | AGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.14 | ||
| Sortino ratioReturn per unit of downside risk | +3.88 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.35 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 35.64 | 3.41 | +32.23 |
| Martin ratioReturn relative to average drawdown | 88.66 | 9.21 | +79.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PL | AGMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.45 | 2.32 | +7.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.56 | -1.14 |
Drawdowns
PL vs. AGMI - Drawdown Comparison
The maximum PL drawdown since its inception was -85.73%, which is greater than AGMI's maximum drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for PL and AGMI.
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Drawdown Indicators
| PL | AGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -33.26% | -52.47% |
Max Drawdown (1Y)Largest decline over 1 year | -29.01% | -33.26% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -65.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -85.73% | — | — |
Current DrawdownCurrent decline from peak | -16.09% | -22.35% | +6.26% |
Average DrawdownAverage peak-to-trough decline | -50.02% | -9.14% | -40.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | 12.29% | -0.65% |
Volatility
PL vs. AGMI - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 27.87% compared to Themes Silver Miners ETF (AGMI) at 17.62%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than AGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | AGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.87% | 17.62% | +10.25% |
Volatility (6M)Calculated over the trailing 6-month period | 71.02% | 40.98% | +30.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.37% | 48.95% | +60.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.87% | 44.04% | +35.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.03% | 44.04% | +34.99% |
Dividends
PL vs. AGMI - Dividend Comparison
PL has not paid dividends to shareholders, while AGMI's dividend yield for the trailing twelve months is around 4.12%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AGMI Themes Silver Miners ETF | 4.12% | 4.43% | 1.81% |
PL Planet Labs PBC | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PL and AGMI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PL has higher volatility (27.87%) compared to AGMI (17.62%). In terms of maximum drawdown, PL dropped -85.73% vs AGMI's -33.26%.
PL currently has the higher Sharpe Ratio (9.45 vs 2.32), 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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