PL vs. OKLO

Last updated Jun 4, 2026

PL (Planet Labs PBC) and OKLO (Oklo Inc.) are both stocks. PL operates in Aerospace & Defense (Industrials), while OKLO operates in Utilities - Regulated Electric (Utilities). Over the past 3 years, PL returned 109.66%/yr vs 82.80%/yr for OKLO. At a 0.31 correlation, their price movements are largely independent.

Performance

PL vs. OKLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Planet Labs PBC (PL) and Oklo Inc. (OKLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PL achieves a 118.71% return, which is significantly higher than OKLO's -9.13% 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*: —

OKLO

• 1D: -11.24%
• 1M: -4.94%
• YTD: -9.13%
• 6M: -32.49%
• 1Y: 31.02%
• 3Y*: 82.80%
• 5Y*: —
• 10Y*: —

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

PL vs. OKLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PL Planet Labs PBC	118.71%	388.12%	63.56%	-43.22%	-29.27%	-38.19%
OKLO Oklo Inc.	-9.13%	238.01%	101.04%	6.45%	0.71%	-1.30%

Correlation

The correlation between PL and OKLO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jul 9, 2021	0.31

The correlation between PL and OKLO shifts across timeframes, from 0.31 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PL : $13.69B OKLO : $11.11B
EPS PL : -$0.80 OKLO : -$0.85
PB Ratio PL : 72.64 OKLO : 4.21
Total Revenue (TTM) PL : $307.73M OKLO : $0.00
Gross Profit (TTM) PL : $172.49M OKLO : -$149.00K
EBITDA (TTM) PL : -$102.50M OKLO : -$172.42M

Return for Risk

PL vs. OKLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PL

PL Risk / Return Rank: 99
PL Sharpe Ratio Rank: 100
PL Sortino Ratio Rank: 99
PL Omega Ratio Rank: 98
PL Calmar Ratio Rank: 100
PL Martin Ratio Rank: 100

OKLO

OKLO Risk / Return Rank: 52
OKLO Sharpe Ratio Rank: 51
OKLO Sortino Ratio Rank: 59
OKLO Omega Ratio Rank: 54
OKLO Calmar Ratio Rank: 50
OKLO Martin Ratio Rank: 48

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. OKLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and Oklo Inc. (OKLO). 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	OKLO	Difference
Sharpe ratio: Return per unit of total volatility	9.45	0.30	+9.16
Sortino ratio: Return per unit of downside risk	6.39	1.25	+5.15
Omega ratio: Gain probability vs. loss probability	1.79	1.14	+0.65
Calmar ratio: Return relative to maximum drawdown	35.64	0.42	+35.22
Martin ratio: Return relative to average drawdown	88.66	0.70	+87.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PL vs. OKLO - Sharpe Ratio Comparison

The current PL Sharpe Ratio is 9.45, which is higher than the OKLO Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of PL and OKLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PL	OKLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.45	0.30	+9.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.55	-0.12

Drawdowns

PL vs. OKLO - Drawdown Comparison

The maximum PL drawdown since its inception was -85.73%, which is greater than OKLO's maximum drawdown of -73.83%. Use the drawdown chart below to compare losses from any high point for PL and OKLO.

Drawdown Indicators

	PL	OKLO	Difference
Max Drawdown Largest peak-to-trough decline	-85.73%	-73.83%	-11.90%
Max Drawdown (1Y) Largest decline over 1 year	-29.01%	-73.83%	+44.82%
Max Drawdown (3Y) Largest decline over 3 years	-65.51%	-73.83%	+8.32%
Max Drawdown (5Y) Largest decline over 5 years	-85.73%	—	—
Current Drawdown Current decline from peak	-16.09%	-62.55%	+46.46%
Average Drawdown Average peak-to-trough decline	-50.02%	-17.87%	-32.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.64%	44.42%	-32.78%

Volatility

PL vs. OKLO - Volatility Comparison

The current volatility for Planet Labs PBC (PL) is 27.87%, while Oklo Inc. (OKLO) has a volatility of 32.21%. This indicates that PL experiences smaller price fluctuations and is considered to be less risky than OKLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PL	OKLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.87%	32.21%	-4.34%
Volatility (6M) Calculated over the trailing 6-month period	71.02%	70.40%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	109.37%	105.73%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.87%	85.89%	-6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.03%	85.89%	-6.86%

Dividends

PL vs. OKLO - Dividend Comparison

Neither PL nor OKLO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PL and OKLO in my portfolio?

PL and OKLO have a correlation of 0.45, 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 OKLO?

OKLO has higher volatility (32.21%) compared to PL (27.87%). In terms of maximum drawdown, PL dropped -85.73% vs OKLO's -73.83%.

Which has better risk-adjusted returns?

PL currently has the higher Sharpe Ratio (9.45 vs 0.30), 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.