PL vs. RCAT
PL (Planet Labs PBC) and RCAT (Red Cat Holdings, Inc.) are both stocks. PL operates in Aerospace & Defense (Industrials), while RCAT operates in Software - Application (Technology). Over the past 5 years, PL returned 25.63%/yr vs 26.88%/yr for RCAT. At a 0.27 correlation, their price movements are largely independent.
Performance
PL vs. RCAT - Performance Comparison
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Returns By Period
In the year-to-date period, PL achieves a 57.96% return, which is significantly higher than RCAT's 40.98% return.
PL
- 1D
- -8.84%
- 1M
- -23.54%
- YTD
- 57.96%
- 6M
- 70.78%
- 1Y
- 470.51%
- 3Y*
- 106.65%
- 5Y*
- 25.63%
- 10Y*
- —
RCAT
- 1D
- -6.91%
- 1M
- 18.94%
- YTD
- 40.98%
- 6M
- 39.05%
- 1Y
- 27.77%
- 3Y*
- 131.59%
- 5Y*
- 26.88%
- 10Y*
- —
PL vs. RCAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PL Planet Labs PBC | 57.96% | 388.12% | 63.56% | -43.22% | -29.27% | -37.24% |
RCAT Red Cat Holdings, Inc. | 40.98% | -38.29% | 1,360.23% | -6.38% | -54.81% | -49.27% |
Correlation
The correlation between PL and RCAT is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.27 |
Over the past year, PL and RCAT have become more correlated (0.50) than their long-term average of 0.27, meaning their price movements have been converging.
Fundamentals
PL:
$10.76B
RCAT:
$1.35B
PL:
-$1.17
RCAT:
-$0.78
PL:
29.61
RCAT:
23.24
PL:
24.26
RCAT:
5.66
PL:
$335.61M
RCAT:
$52.98M
PL:
$186.28M
RCAT:
$2.86M
PL:
-$125.70M
RCAT:
-$79.24M
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Return for Risk
PL vs. RCAT — Risk / Return Rank
PL
RCAT
PL vs. RCAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and Red Cat Holdings, Inc. (RCAT). 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 | RCAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.14 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 11.79 | 0.46 | +11.33 |
| Martin ratioReturn relative to average drawdown | 36.80 | 0.92 | +35.88 |
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Drawdowns
PL vs. RCAT - Drawdown Comparison
The maximum PL drawdown since its inception was -85.73%, smaller than the maximum RCAT drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for PL and RCAT.
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Drawdown Indicators
| PL | RCAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -99.21% | +13.48% |
Max Drawdown (1Y)Largest decline over 1 year | -40.23% | -60.08% | +19.85% |
Max Drawdown (3Y)Largest decline over 3 years | -55.17% | -67.16% | +11.99% |
Max Drawdown (5Y)Largest decline over 5 years | -85.73% | -92.25% | +6.52% |
Current DrawdownCurrent decline from peak | -39.40% | -35.60% | -3.80% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -65.98% | +16.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.88% | 30.17% | -17.29% |
Volatility
PL vs. RCAT - Volatility Comparison
Planet Labs PBC (PL) and Red Cat Holdings, Inc. (RCAT) have volatilities of 39.48% and 40.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | RCAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.48% | 40.71% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 78.71% | 85.22% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.61% | 120.36% | -17.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.98% | 115.04% | -34.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.91% | 29,209.75% | -29,129.84% |
Dividends
PL vs. RCAT - Dividend Comparison
Neither PL nor RCAT has paid dividends to shareholders.
Financials
PL vs. RCAT - Financials Comparison
This section allows you to compare key financial metrics between Planet Labs PBC and Red Cat Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
PL and RCAT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCAT has higher volatility (40.71%) compared to PL (39.48%). In terms of maximum drawdown, PL dropped -85.73% vs RCAT's -99.21%.
PL currently has the higher Sharpe Ratio (4.62 vs 0.23), 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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