PL vs. COPJ

Last updated Jul 1, 2026

PL (Planet Labs PBC) is a stock, while COPJ (Sprott Junior Copper Miners ETF) is Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index. Over the past 3 years, PL returned 117.50%/yr vs 38.25%/yr for COPJ. At a 0.37 correlation, their price movements are largely independent.

Performance

PL vs. COPJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Planet Labs PBC (PL) and Sprott Junior Copper Miners ETF (COPJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PL achieves a 68.00% return, which is significantly higher than COPJ's 0.79% return.

PL

• 1D: 5.91%
• 1M: -35.22%
• YTD: 68.00%
• 6M: 67.83%
• 1Y: 443.11%
• 3Y*: 117.50%
• 5Y*: —
• 10Y*: —

COPJ

• 1D: 2.38%
• 1M: -11.17%
• YTD: 0.79%
• 6M: -0.15%
• 1Y: 82.49%
• 3Y*: 38.25%
• 5Y*: —
• 10Y*: —

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

PL vs. COPJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PL Planet Labs PBC	68.00%	388.12%	63.56%	-49.69%
COPJ Sprott Junior Copper Miners ETF	0.79%	140.63%	11.07%	-6.47%

Correlation

The correlation between PL and COPJ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.37

Return for Risk

PL vs. COPJ — 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: 97
PL Martin Ratio Rank: 98

COPJ

COPJ Risk / Return Rank: 57
COPJ Sharpe Ratio Rank: 67
COPJ Sortino Ratio Rank: 54
COPJ Omega Ratio Rank: 58
COPJ Calmar Ratio Rank: 61
COPJ Martin Ratio Rank: 46

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. COPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and Sprott Junior Copper Miners ETF (COPJ). 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.

	PL	COPJ	Difference
Sharpe ratio: Return per unit of total volatility	4.32	1.84	+2.47
Sortino ratio: Return per unit of downside risk	4.03	2.24	+1.78
Omega ratio: Gain probability vs. loss probability	1.53	1.31	+0.22
Calmar ratio: Return relative to maximum drawdown	9.15	2.57	+6.58
Martin ratio: Return relative to average drawdown	28.19	6.71	+21.48

PL vs. COPJ - Sharpe Ratio Comparison

The current PL Sharpe Ratio is 4.32, which is higher than the COPJ Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PL and COPJ, 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

PL vs. COPJ - Drawdown Comparison

The maximum PL drawdown since its inception was -85.11%, which is greater than COPJ's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for PL and COPJ.

Drawdown Indicators

	PL	COPJ	Difference
Max Drawdown Largest peak-to-trough decline	-85.11%	-32.28%	-52.83%
Max Drawdown (1Y) Largest decline over 1 year	-48.83%	-32.28%	-16.55%
Max Drawdown (3Y) Largest decline over 3 years	-55.17%	-32.28%	-22.89%
Current Drawdown Current decline from peak	-35.54%	-22.96%	-12.58%
Average Drawdown Average peak-to-trough decline	-55.27%	-12.08%	-43.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.82%	12.33%	+3.49%

Volatility

PL vs. COPJ - Volatility Comparison

Planet Labs PBC (PL) has a higher volatility of 41.66% compared to Sprott Junior Copper Miners ETF (COPJ) at 18.91%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than COPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PL	COPJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.66%	18.91%	+22.75%
Volatility (6M) Calculated over the trailing 6-month period	73.65%	38.69%	+34.96%
Volatility (1Y) Calculated over the trailing 1-year period	103.54%	44.95%	+58.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.01%	35.66%	+49.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.01%	35.66%	+49.35%

Dividends

PL vs. COPJ - Dividend Comparison

PL has not paid dividends to shareholders, while COPJ's dividend yield for the trailing twelve months is around 11.48%.

Position	TTM	2025	2024	2023
COPJ Sprott Junior Copper Miners ETF	11.48%	11.57%	11.64%	2.48%
PL Planet Labs PBC	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PL and COPJ in my portfolio?

PL and COPJ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PL or COPJ?

PL has higher volatility (41.66%) compared to COPJ (18.91%). In terms of maximum drawdown, PL dropped -85.11% vs COPJ's -32.28%.

Which has better risk-adjusted returns?

PL currently has the higher Sharpe Ratio (4.32 vs 1.84), 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.