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PL vs. PSNYX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

PL vs. PSNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Planet Labs PBC (PL) and BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PL achieves a 45.89% return, which is significantly higher than PSNYX's 2.08% return.


PL

1D
1.91%
1M
-35.13%
YTD
45.89%
6M
39.66%
1Y
471.97%
3Y*
110.83%
5Y*
10Y*

PSNYX

1D
0.07%
1M
1.83%
YTD
2.08%
6M
2.42%
1Y
7.01%
3Y*
3.50%
5Y*
0.34%
10Y*
1.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PL vs. PSNYX - Yearly Performance Comparison


2026 (YTD)20252024202320222021
PL
Planet Labs PBC
45.89%388.12%63.56%-43.22%-29.27%-45.33%
PSNYX
BNY Mellon New York AMT-Free Municipal Bond Fund
2.08%3.47%1.93%5.66%-10.84%0.18%

Correlation

The correlation between PL and PSNYX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.07

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2021

0.09

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Return for Risk

PL vs. PSNYX — Risk / Return Rank

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

PL
PL Risk / Return Rank: 9797
Overall Rank
PL Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
PL Sortino Ratio Rank: 9696
Sortino Ratio Rank
PL Omega Ratio Rank: 9595
Omega Ratio Rank
PL Calmar Ratio Rank: 9898
Calmar Ratio Rank
PL Martin Ratio Rank: 9898
Martin Ratio Rank

PSNYX
PSNYX Risk / Return Rank: 7070
Overall Rank
PSNYX Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
PSNYX Sortino Ratio Rank: 8787
Sortino Ratio Rank
PSNYX Omega Ratio Rank: 8989
Omega Ratio Rank
PSNYX Calmar Ratio Rank: 4949
Calmar Ratio Rank
PSNYX Martin Ratio Rank: 4444
Martin Ratio Rank
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. PSNYX - Risk-Adjusted Trends 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.

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.


PLPSNYXDifference
Sharpe ratioReturn per unit of total volatility

+2.16

Sortino ratioReturn per unit of downside risk

+0.31

Omega ratioGain probability vs. loss probability

1.55

1.60

-0.05

Calmar ratioReturn relative to maximum drawdown

10.55

2.55

+8.00

Martin ratioReturn relative to average drawdown

33.29

8.75

+24.54

PL vs. PSNYX - Sharpe Ratio Comparison

The current PL Sharpe Ratio is 4.63, which is higher than the PSNYX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of PL and PSNYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

PL vs. PSNYX - Drawdown Comparison

The maximum PL drawdown since its inception was -85.11%, which is greater than PSNYX's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for PL and PSNYX.


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Drawdown Indicators


PLPSNYXDifference

Max Drawdown

Largest peak-to-trough decline

-85.11%

-27.64%

-57.47%

Max Drawdown (1Y)

Largest decline over 1 year

-45.12%

-2.76%

-42.36%

Max Drawdown (3Y)

Largest decline over 3 years

-55.17%

-5.86%

-49.31%

Max Drawdown (5Y)

Largest decline over 5 years

-15.65%

Max Drawdown (10Y)

Largest decline over 10 years

-15.65%

Current Drawdown

Current decline from peak

-44.03%

0.00%

-44.03%

Average Drawdown

Average peak-to-trough decline

-55.33%

-3.08%

-52.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.27%

0.80%

+13.47%

Volatility

PL vs. PSNYX - Volatility Comparison

Planet Labs PBC (PL) has a higher volatility of 39.28% compared to BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) at 0.75%. 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.


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Volatility by Period


PLPSNYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

39.28%

0.75%

+38.53%

Volatility (6M)

Calculated over the trailing 6-month period

72.86%

2.16%

+70.70%

Volatility (1Y)

Calculated over the trailing 1-year period

103.02%

2.85%

+100.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

84.79%

4.15%

+80.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

84.79%

4.06%

+80.73%

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 2.92%.


PositionTTM20252024202320222021202020192018201720162015
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
2.92%3.80%2.72%2.12%2.16%2.09%3.15%3.13%2.68%2.63%2.85%3.00%

Frequently Asked Questions


PL and PSNYX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PL has higher volatility (39.28%) compared to PSNYX (0.75%). In terms of maximum drawdown, PL dropped -85.11% vs PSNYX's -27.64%.

PL currently has the higher Sharpe Ratio (4.63 vs 2.47), 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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