PL vs. HL
PL (Planet Labs PBC) and HL (Hecla Mining Company) are both stocks. PL operates in Aerospace & Defense (Industrials), while HL operates in Gold (Basic Materials). Over the past 5 years, PL returned 34.22%/yr vs 13.86%/yr for HL. At a 0.28 correlation, their price movements are largely independent.
Performance
PL vs. HL - 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 HL's -13.10% 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*
- —
HL
- 1D
- -6.35%
- 1M
- -5.16%
- YTD
- -13.10%
- 6M
- -3.94%
- 1Y
- 189.25%
- 3Y*
- 45.57%
- 5Y*
- 13.86%
- 10Y*
- 14.62%
PL vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PL Planet Labs PBC | 118.71% | 388.12% | 63.56% | -43.22% | -29.27% | -37.88% |
HL Hecla Mining Company | -13.10% | 291.70% | 2.82% | -12.93% | 6.99% | -18.59% |
Correlation
The correlation between PL and HL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2021 | 0.28 |
Fundamentals
PL:
$13.69B
HL:
$11.25B
PL:
-$0.80
HL:
$0.84
PL:
43.48
HL:
7.05
PL:
72.64
HL:
4.38
PL:
$307.73M
HL:
$1.57B
PL:
$172.49M
HL:
$788.95M
PL:
-$102.50M
HL:
$864.40M
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Return for Risk
PL vs. HL — Risk / Return Rank
PL
HL
PL vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and Hecla Mining Company (HL). 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 | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.79 | ||
| Sortino ratioReturn per unit of downside risk | +3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.37 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 35.64 | 3.92 | +31.72 |
| Martin ratioReturn relative to average drawdown | 88.66 | 8.20 | +80.46 |
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 | HL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.45 | 2.66 | +6.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.24 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.01 | +0.42 |
Drawdowns
PL vs. HL - Drawdown Comparison
The maximum PL drawdown since its inception was -85.73%, smaller than the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for PL and HL.
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Drawdown Indicators
| PL | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -97.92% | +12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -29.01% | -48.56% | +19.55% |
Max Drawdown (3Y)Largest decline over 3 years | -65.51% | -48.56% | -16.95% |
Max Drawdown (5Y)Largest decline over 5 years | -85.73% | -63.18% | -22.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.45% | — |
Current DrawdownCurrent decline from peak | -16.09% | -47.57% | +31.48% |
Average DrawdownAverage peak-to-trough decline | -50.02% | -69.95% | +19.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | 23.18% | -11.54% |
Volatility
PL vs. HL - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 27.87% compared to Hecla Mining Company (HL) at 22.42%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.87% | 22.42% | +5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 71.02% | 53.84% | +17.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.37% | 71.57% | +37.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.87% | 59.06% | +20.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.03% | 62.65% | +16.38% |
Dividends
PL vs. HL - Dividend Comparison
PL has not paid dividends to shareholders, while HL's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.09% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
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% |
Financials
PL vs. HL - Financials Comparison
This section allows you to compare key financial metrics between Planet Labs PBC and Hecla Mining Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
PL and HL have a correlation of 0.25, 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 HL (22.42%). In terms of maximum drawdown, PL dropped -85.73% vs HL's -97.92%.
PL currently has the higher Sharpe Ratio (9.45 vs 2.66), 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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