PL vs. PSNYX
Compare and contrast key facts about Planet Labs PBC (PL) and BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX).
PSNYX is managed by BNY Mellon. It was launched on Dec 30, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PL or PSNYX.
Key characteristics
| PL | PSNYX | |
|---|---|---|
| YTD Return | 1.62% | 2.24% |
| 1Y Return | 19.52% | 7.48% |
| 3Y Return (Ann) | -38.00% | -0.97% |
| Sharpe Ratio | 0.22 | 2.26 |
| Sortino Ratio | 0.78 | 3.34 |
| Omega Ratio | 1.11 | 1.53 |
| Calmar Ratio | 0.18 | 0.71 |
| Martin Ratio | 0.78 | 10.94 |
| Ulcer Index | 19.31% | 0.68% |
| Daily Std Dev | 68.73% | 3.31% |
| Max Drawdown | -85.73% | -15.53% |
| Current Drawdown | -78.80% | -3.77% |
Correlation
The correlation between PL and PSNYX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PL vs. PSNYX - Performance Comparison
In the year-to-date period, PL achieves a 1.62% return, which is significantly lower than PSNYX's 2.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
PL vs. PSNYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX). 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.
Dividends
PL vs. PSNYX - Dividend Comparison
PL has not paid dividends to shareholders, while PSNYX's dividend yield for the trailing twelve months is around 2.64%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PSNYX BNY Mellon New York AMT-Free Municipal Bond Fund | 2.64% | 2.56% | 2.56% | 2.19% | 2.41% | 2.53% | 2.70% | 2.63% | 2.84% | 3.01% | 3.15% | 3.27% |
Drawdowns
PL vs. PSNYX - Drawdown Comparison
The maximum PL drawdown since its inception was -85.73%, which is greater than PSNYX's maximum drawdown of -15.53%. Use the drawdown chart below to compare losses from any high point for PL and PSNYX. For additional features, visit the drawdowns tool.
Volatility
PL vs. PSNYX - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 14.59% compared to BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) at 1.76%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than PSNYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.