PL vs. PPLT
PL (Planet Labs PBC) is a stock, while PPLT (abrdn Physical Platinum Shares ETF) is Precious Metals fund tracking the LBMA Platinum Price PM. Over the past 3 years, PL returned 117.50%/yr vs 19.09%/yr for PPLT. At a 0.20 correlation, their price movements are largely independent.
Performance
PL vs. PPLT - Performance Comparison
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Returns By Period
In the year-to-date period, PL achieves a 68.00% return, which is significantly higher than PPLT's -24.21% return.
PL
- 1D
- 5.91%
- 1M
- -35.22%
- YTD
- 68.00%
- 6M
- 67.83%
- 1Y
- 443.11%
- 3Y*
- 117.50%
- 5Y*
- —
- 10Y*
- —
PPLT
- 1D
- -1.40%
- 1M
- -19.03%
- YTD
- -24.21%
- 6M
- -28.86%
- 1Y
- 15.00%
- 3Y*
- 19.09%
- 5Y*
- 6.84%
- 10Y*
- 3.32%
PL vs. PPLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PL Planet Labs PBC | 68.00% | 388.12% | 63.56% | -43.22% | -29.27% | -45.33% |
PPLT abrdn Physical Platinum Shares ETF | -24.21% | 124.48% | -8.90% | -8.18% | 10.43% | 1.41% |
Correlation
The correlation between PL and PPLT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.20 |
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Return for Risk
PL vs. PPLT — Risk / Return Rank
PL
PPLT
PL vs. PPLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and abrdn Physical Platinum Shares ETF (PPLT). 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 | PPLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.10 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 9.15 | 0.34 | +8.81 |
| Martin ratioReturn relative to average drawdown | 28.19 | 0.78 | +27.41 |
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Drawdowns
PL vs. PPLT - Drawdown Comparison
The maximum PL drawdown since its inception was -85.11%, which is greater than PPLT's maximum drawdown of -70.73%. Use the drawdown chart below to compare losses from any high point for PL and PPLT.
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Drawdown Indicators
| PL | PPLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.11% | -70.73% | -14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -48.83% | -43.98% | -4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -55.17% | -43.98% | -11.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.14% | — |
Current DrawdownCurrent decline from peak | -35.54% | -43.98% | +8.44% |
Average DrawdownAverage peak-to-trough decline | -55.27% | -39.94% | -15.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.82% | 19.30% | -3.48% |
Volatility
PL vs. PPLT - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 41.66% compared to abrdn Physical Platinum Shares ETF (PPLT) at 12.58%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than PPLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | PPLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.66% | 12.58% | +29.08% |
Volatility (6M)Calculated over the trailing 6-month period | 73.65% | 43.67% | +29.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.54% | 50.52% | +53.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.01% | 32.78% | +52.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.01% | 29.21% | +55.80% |
Dividends
PL vs. PPLT - Dividend Comparison
Neither PL nor PPLT has paid dividends to shareholders.
Frequently Asked Questions
PL and PPLT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PL has higher volatility (41.66%) compared to PPLT (12.58%). In terms of maximum drawdown, PL dropped -85.11% vs PPLT's -70.73%.
PL currently has the higher Sharpe Ratio (4.32 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.
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