PL vs. KTOS
PL (Planet Labs PBC) and KTOS (Kratos Defense & Security Solutions, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 5 years, PL returned 25.63%/yr vs 17.13%/yr for KTOS. At a 0.43 correlation, their price movements are largely independent.
Performance
PL vs. KTOS - Performance Comparison
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Returns By Period
In the year-to-date period, PL achieves a 57.96% return, which is significantly higher than KTOS's -23.92% return.
PL
- 1D
- -8.84%
- 1M
- -23.54%
- YTD
- 57.96%
- 6M
- 70.78%
- 1Y
- 470.51%
- 3Y*
- 106.65%
- 5Y*
- 25.63%
- 10Y*
- —
KTOS
- 1D
- -1.75%
- 1M
- 10.02%
- YTD
- -23.92%
- 6M
- -23.97%
- 1Y
- 40.03%
- 3Y*
- 60.38%
- 5Y*
- 17.13%
- 10Y*
- 30.83%
PL vs. KTOS - 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% |
KTOS Kratos Defense & Security Solutions, Inc. | -23.92% | 187.76% | 30.01% | 96.61% | -46.80% | -28.23% |
Correlation
The correlation between PL and KTOS is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.43 |
The correlation between PL and KTOS shifts across timeframes, from 0.43 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PL:
$10.76B
KTOS:
$10.36B
PL:
-$1.17
KTOS:
$0.17
PL:
29.61
KTOS:
6.97
PL:
24.26
KTOS:
3.04
PL:
$335.61M
KTOS:
$1.42B
PL:
$186.28M
KTOS:
$259.40M
PL:
-$125.70M
KTOS:
$78.30M
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Return for Risk
PL vs. KTOS — Risk / Return Rank
PL
KTOS
PL vs. KTOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and Kratos Defense & Security Solutions, Inc. (KTOS). 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 | KTOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.15 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 11.79 | 0.67 | +11.12 |
| Martin ratioReturn relative to average drawdown | 36.80 | 1.34 | +35.46 |
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Drawdowns
PL vs. KTOS - Drawdown Comparison
The maximum PL drawdown since its inception was -85.73%, smaller than the maximum KTOS drawdown of -99.81%. Use the drawdown chart below to compare losses from any high point for PL and KTOS.
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Drawdown Indicators
| PL | KTOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -99.81% | +14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -40.23% | -60.15% | +19.92% |
Max Drawdown (3Y)Largest decline over 3 years | -55.17% | -60.15% | +4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -85.73% | -69.39% | -16.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.74% | — |
Current DrawdownCurrent decline from peak | -39.40% | -96.34% | +56.94% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -95.93% | +46.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.88% | 29.90% | -17.02% |
Volatility
PL vs. KTOS - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 39.48% compared to Kratos Defense & Security Solutions, Inc. (KTOS) at 23.44%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than KTOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | KTOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.48% | 23.44% | +16.04% |
Volatility (6M)Calculated over the trailing 6-month period | 78.71% | 57.02% | +21.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.61% | 72.17% | +30.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.98% | 52.33% | +28.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.91% | 50.82% | +29.09% |
Dividends
PL vs. KTOS - Dividend Comparison
Neither PL nor KTOS has paid dividends to shareholders.
Financials
PL vs. KTOS - Financials Comparison
This section allows you to compare key financial metrics between Planet Labs PBC and Kratos Defense & Security Solutions, Inc.. 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 KTOS have a correlation of 0.53, 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 KTOS (23.44%). In terms of maximum drawdown, PL dropped -85.73% vs KTOS's -99.81%.
PL currently has the higher Sharpe Ratio (4.62 vs 0.56), 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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