PL vs. EWY
PL (Planet Labs PBC) is a stock, while EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index. Over the past 5 years, PL returned 25.63%/yr vs 18.80%/yr for EWY. At a 0.37 correlation, their price movements are largely independent.
Performance
PL vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, PL achieves a 57.96% return, which is significantly lower than EWY's 103.10% return.
PL
- 1D
- -8.84%
- 1M
- -27.63%
- YTD
- 57.96%
- 6M
- 70.78%
- 1Y
- 480.07%
- 3Y*
- 106.65%
- 5Y*
- 25.63%
- 10Y*
- —
EWY
- 1D
- -0.75%
- 1M
- 3.64%
- YTD
- 103.10%
- 6M
- 117.85%
- 1Y
- 203.95%
- 3Y*
- 46.46%
- 5Y*
- 18.80%
- 10Y*
- 16.84%
PL vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PL Planet Labs PBC | 57.96% | 388.12% | 63.56% | -43.22% | -29.27% | -37.24% |
EWY iShares MSCI South Korea ETF | 103.10% | 95.33% | -20.48% | 19.05% | -26.59% | -14.34% |
Correlation
The correlation between PL and EWY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.37 |
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Return for Risk
PL vs. EWY — Risk / Return Rank
PL
EWY
PL vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and iShares MSCI South Korea ETF (EWY). 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 | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.59 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 11.79 | 8.65 | +3.15 |
| Martin ratioReturn relative to average drawdown | 36.80 | 30.24 | +6.57 |
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Drawdowns
PL vs. EWY - Drawdown Comparison
The maximum PL drawdown since its inception was -85.73%, which is greater than EWY's maximum drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for PL and EWY.
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Drawdown Indicators
| PL | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -74.14% | -11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -40.23% | -23.08% | -17.15% |
Max Drawdown (3Y)Largest decline over 3 years | -55.17% | -27.36% | -27.81% |
Max Drawdown (5Y)Largest decline over 5 years | -85.73% | -48.55% | -37.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.73% | — |
Current DrawdownCurrent decline from peak | -39.40% | -8.88% | -30.52% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -20.11% | -29.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.88% | 6.59% | +6.29% |
Volatility
PL vs. EWY - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 39.48% compared to iShares MSCI South Korea ETF (EWY) at 25.64%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.48% | 25.64% | +13.84% |
Volatility (6M)Calculated over the trailing 6-month period | 78.71% | 42.65% | +36.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.61% | 46.51% | +56.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.98% | 30.15% | +50.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.91% | 28.06% | +51.85% |
Dividends
PL vs. EWY - Dividend Comparison
PL has not paid dividends to shareholders, while EWY's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 1.03% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
PL Planet Labs PBC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PL and EWY have a correlation of 0.34, 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 EWY (25.64%). In terms of maximum drawdown, PL dropped -85.73% vs EWY's -74.14%.
PL currently has the higher Sharpe Ratio (4.62 vs 4.29), 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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