PL vs. LEGR
PL (Planet Labs PBC) is a stock, while LEGR (First Trust Indxx Innovative Transaction & Process ETF) is Blockchain fund tracking the Indxx Blockchain Index. Over the past 5 years, PL returned 25.63%/yr vs 11.61%/yr for LEGR. At a 0.44 correlation, their price movements are largely independent.
Performance
PL vs. LEGR - 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 LEGR's 11.18% return.
PL
- 1D
- -8.84%
- 1M
- -25.16%
- YTD
- 57.96%
- 6M
- 70.78%
- 1Y
- 480.07%
- 3Y*
- 106.65%
- 5Y*
- 25.63%
- 10Y*
- —
LEGR
- 1D
- 0.92%
- 1M
- 4.00%
- YTD
- 11.18%
- 6M
- 13.29%
- 1Y
- 28.16%
- 3Y*
- 22.32%
- 5Y*
- 11.61%
- 10Y*
- —
PL vs. LEGR - 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% |
LEGR First Trust Indxx Innovative Transaction & Process ETF | 11.18% | 30.83% | 16.25% | 22.79% | -19.01% | 6.85% |
Correlation
The correlation between PL and LEGR is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.44 |
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Return for Risk
PL vs. LEGR — Risk / Return Rank
PL
LEGR
PL vs. LEGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). 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 | LEGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.34 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 11.79 | 2.64 | +9.15 |
| Martin ratioReturn relative to average drawdown | 36.80 | 9.72 | +27.08 |
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Drawdowns
PL vs. LEGR - Drawdown Comparison
The maximum PL drawdown since its inception was -85.73%, which is greater than LEGR's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for PL and LEGR.
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Drawdown Indicators
| PL | LEGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -36.12% | -49.61% |
Max Drawdown (1Y)Largest decline over 1 year | -40.23% | -10.40% | -29.83% |
Max Drawdown (3Y)Largest decline over 3 years | -55.17% | -14.25% | -40.92% |
Max Drawdown (5Y)Largest decline over 5 years | -85.73% | -31.45% | -54.28% |
Current DrawdownCurrent decline from peak | -39.40% | -2.56% | -36.84% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -6.60% | -43.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.88% | 2.82% | +10.06% |
Volatility
PL vs. LEGR - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 39.48% compared to First Trust Indxx Innovative Transaction & Process ETF (LEGR) at 5.87%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than LEGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | LEGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.48% | 5.87% | +33.61% |
Volatility (6M)Calculated over the trailing 6-month period | 78.71% | 12.07% | +66.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.61% | 14.34% | +88.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.98% | 17.07% | +63.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.91% | 20.33% | +59.58% |
Dividends
PL vs. LEGR - Dividend Comparison
PL has not paid dividends to shareholders, while LEGR's dividend yield for the trailing twelve months is around 1.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 1.68% | 1.84% | 2.40% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
PL Planet Labs PBC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PL and LEGR have a correlation of 0.38, 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 LEGR (5.87%). In terms of maximum drawdown, PL dropped -85.73% vs LEGR's -36.12%.
PL currently has the higher Sharpe Ratio (4.62 vs 1.91), 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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