PL vs. ARA.TO

Last updated Jun 9, 2026

PL (Planet Labs PBC) and ARA.TO (Aclara Resources Inc.) are both stocks. PL operates in Aerospace & Defense (Industrials), while ARA.TO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 3 years, PL returned 112.54%/yr vs 103.64%/yr for ARA.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

PL vs. ARA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Planet Labs PBC (PL) and Aclara Resources Inc. (ARA.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PL is traded in USD, while ARA.TO is traded in CAD. To make them comparable, the ARA.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PL achieves a 66.02% return, which is significantly lower than ARA.TO's 92.33% return.

PL

• 1D: 1.61%
• 1M: -16.14%
• YTD: 66.02%
• 6M: 152.82%
• 1Y: 460.62%
• 3Y*: 112.54%
• 5Y*: 26.90%
• 10Y*: —

ARA.TO

• 1D: 0.44%
• 1M: -16.45%
• YTD: 92.33%
• 6M: 67.87%
• 1Y: 336.40%
• 3Y*: 103.64%
• 5Y*: —
• 10Y*: —

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

PL vs. ARA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PL Planet Labs PBC	66.02%	388.12%	63.56%	-43.22%	-29.27%	-35.06%
ARA.TO Aclara Resources Inc.	92.33%	402.96%	-17.03%	60.06%	-79.10%	-10.25%

Correlation

The correlation between PL and ARA.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Dec 13, 2021	0.09

The correlation between PL and ARA.TO shifts across timeframes, from 0.09 (3 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PL : $11.31B ARA.TO : CA$932.94M
EPS PL : -$1.17 ARA.TO : -CA$0.05
PB Ratio PL : 25.50 ARA.TO : 6.15
Total Revenue (TTM) PL : $335.61M ARA.TO : CA$0.00
Gross Profit (TTM) PL : $186.28M ARA.TO : -CA$1.03M
EBITDA (TTM) PL : -$125.70M ARA.TO : -CA$9.35M

Return for Risk

PL vs. ARA.TO — Risk / Return Rank

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

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: 98
PL Martin Ratio Rank: 99

ARA.TO

ARA.TO Risk / Return Rank: 93
ARA.TO Sharpe Ratio Rank: 96
ARA.TO Sortino Ratio Rank: 92
ARA.TO Omega Ratio Rank: 89
ARA.TO Calmar Ratio Rank: 95
ARA.TO Martin Ratio Rank: 92

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.

PL vs. ARA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and Aclara Resources Inc. (ARA.TO). 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	ARA.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.57	3.03	+1.54
Sortino ratio: Return per unit of downside risk	4.17	3.27	+0.90
Omega ratio: Gain probability vs. loss probability	1.55	1.39	+0.16
Calmar ratio: Return relative to maximum drawdown	12.45	6.40	+6.05
Martin ratio: Return relative to average drawdown	38.43	13.30	+25.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PL vs. ARA.TO - Sharpe Ratio Comparison

The current PL Sharpe Ratio is 4.57, which is higher than the ARA.TO Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of PL and ARA.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PL	ARA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.57	3.03	+1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.24	+0.09

Drawdowns

PL vs. ARA.TO - Drawdown Comparison

The maximum PL drawdown since its inception was -85.73%, roughly equal to the maximum ARA.TO drawdown of -85.35%. Use the drawdown chart below to compare losses from any high point for PL and ARA.TO.

Drawdown Indicators

	PL	ARA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-85.73%	-85.35%	-0.38%
Max Drawdown (1Y) Largest decline over 1 year	-37.32%	-52.99%	+15.67%
Max Drawdown (3Y) Largest decline over 3 years	-55.17%	-52.99%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-85.73%	—	—
Current Drawdown Current decline from peak	-36.30%	-20.53%	-15.77%
Average Drawdown Average peak-to-trough decline	-49.97%	-58.61%	+8.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.07%	25.43%	-13.36%

Volatility

PL vs. ARA.TO - Volatility Comparison

Planet Labs PBC (PL) has a higher volatility of 39.05% compared to Aclara Resources Inc. (ARA.TO) at 21.39%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than ARA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PL	ARA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.05%	21.39%	+17.66%
Volatility (6M) Calculated over the trailing 6-month period	77.24%	63.51%	+13.73%
Volatility (1Y) Calculated over the trailing 1-year period	101.84%	112.20%	-10.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.73%	91.45%	-10.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.79%	91.45%	-11.66%

Dividends

PL vs. ARA.TO - Dividend Comparison

Neither PL nor ARA.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PL and ARA.TO in my portfolio?

PL and ARA.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.