PL vs. RDW
PL (Planet Labs PBC) and RDW (Redwire Corporation) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 3 years, PL returned 106.65%/yr vs 79.83%/yr for RDW. At a 0.48 correlation, their price movements are largely independent.
Performance
PL vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, PL achieves a 57.96% return, which is significantly lower than RDW's 98.95% return.
PL
- 1D
- -8.84%
- 1M
- -23.54%
- YTD
- 57.96%
- 6M
- 70.78%
- 1Y
- 470.51%
- 3Y*
- 106.65%
- 5Y*
- 25.63%
- 10Y*
- —
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
PL vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PL Planet Labs PBC | 57.96% | 388.12% | 63.56% | -43.22% | -29.27% | -37.75% |
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between PL and RDW is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.48 |
The correlation between PL and RDW shifts across timeframes, from 0.48 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PL:
$10.76B
RDW:
$2.93B
PL:
-$1.17
RDW:
-$2.16
PL:
29.61
RDW:
5.66
PL:
24.26
RDW:
2.90
PL:
$335.61M
RDW:
$370.96M
PL:
$186.28M
RDW:
$34.05M
PL:
-$125.70M
RDW:
-$221.85M
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Return for Risk
PL vs. RDW — Risk / Return Rank
PL
RDW
PL vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and Redwire Corporation (RDW). 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 | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.81 | ||
| Sortino ratioReturn per unit of downside risk | +3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.07 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 11.79 | -0.29 | +12.08 |
| Martin ratioReturn relative to average drawdown | 36.80 | -0.42 | +37.22 |
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Drawdowns
PL vs. RDW - Drawdown Comparison
The maximum PL drawdown since its inception was -85.73%, roughly equal to the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for PL and RDW.
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Drawdown Indicators
| PL | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -87.26% | +1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -40.23% | -75.40% | +35.17% |
Max Drawdown (3Y)Largest decline over 3 years | -55.17% | -80.28% | +25.11% |
Max Drawdown (5Y)Largest decline over 5 years | -85.73% | — | — |
Current DrawdownCurrent decline from peak | -39.40% | -41.62% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -59.30% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.88% | 51.88% | -39.00% |
Volatility
PL vs. RDW - Volatility Comparison
The current volatility for Planet Labs PBC (PL) is 39.48%, while Redwire Corporation (RDW) has a volatility of 53.68%. This indicates that PL experiences smaller price fluctuations and is considered to be less risky than RDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.48% | 53.68% | -14.20% |
Volatility (6M)Calculated over the trailing 6-month period | 78.71% | 94.49% | -15.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.61% | 118.63% | -16.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.98% | 96.83% | -15.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.91% | 96.83% | -16.92% |
Dividends
PL vs. RDW - Dividend Comparison
Neither PL nor RDW has paid dividends to shareholders.
Financials
PL vs. RDW - Financials Comparison
This section allows you to compare key financial metrics between Planet Labs PBC and Redwire Corporation. 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 RDW have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to PL (39.48%). In terms of maximum drawdown, PL dropped -85.73% vs RDW's -87.26%.
PL currently has the higher Sharpe Ratio (4.62 vs -0.18), 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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