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PL vs. PSNYX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PL and PSNYX is 0.10, 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.


-0.50.00.51.00.1

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.

0.00%50.00%100.00%150.00%JulyAugustSeptemberOctoberNovemberDecember
116.13%
0.47%
PL
PSNYX

Key characteristics

Sharpe Ratio

PL:

0.96

PSNYX:

0.46

Sortino Ratio

PL:

1.60

PSNYX:

0.63

Omega Ratio

PL:

1.22

PSNYX:

1.09

Calmar Ratio

PL:

0.81

PSNYX:

0.22

Martin Ratio

PL:

3.69

PSNYX:

1.93

Ulcer Index

PL:

18.87%

PSNYX:

0.78%

Daily Std Dev

PL:

72.44%

PSNYX:

3.26%

Max Drawdown

PL:

-85.73%

PSNYX:

-15.53%

Current Drawdown

PL:

-66.05%

PSNYX:

-4.62%

Returns By Period

In the year-to-date period, PL achieves a 62.75% return, which is significantly higher than PSNYX's 1.35% return.


PL

YTD

62.75%

1M

14.53%

6M

103.03%

1Y

71.06%

5Y*

N/A

10Y*

N/A

PSNYX

YTD

1.35%

1M

-1.09%

6M

0.54%

1Y

1.50%

5Y*

0.21%

10Y*

1.65%

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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.


Sharpe ratio
The chart of Sharpe ratio for PL, currently valued at 0.98, compared to the broader market-4.00-2.000.002.000.980.46
The chart of Sortino ratio for PL, currently valued at 1.62, compared to the broader market-4.00-2.000.002.004.001.620.63
The chart of Omega ratio for PL, currently valued at 1.22, compared to the broader market0.501.001.502.001.221.09
The chart of Calmar ratio for PL, currently valued at 0.83, compared to the broader market0.002.004.006.000.830.22
The chart of Martin ratio for PL, currently valued at 3.77, compared to the broader market-5.000.005.0010.0015.0020.0025.003.771.93
PL
PSNYX

The current PL Sharpe Ratio is 0.96, which is higher than the PSNYX Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of PL and PSNYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.98
0.46
PL
PSNYX

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 2.45%.


TTM20232022202120202019201820172016201520142013
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
2.45%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.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-66.05%
-4.62%
PL
PSNYX

Volatility

PL vs. PSNYX - Volatility Comparison

Planet Labs PBC (PL) has a higher volatility of 23.44% compared to BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) at 1.22%. 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.


0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
23.44%
1.22%
PL
PSNYX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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