PL vs. SLV
PL (Planet Labs PBC) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 3 years, PL returned 87.88%/yr vs 31.21%/yr for SLV. At a 0.20 correlation, their price movements are largely independent.
Performance
PL vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, PL achieves a 12.32% return, which is significantly higher than SLV's -20.86% return.
PL
- 1D
- -1.42%
- 1M
- -21.54%
- 6M
- -23.04%
- YTD
- 12.32%
- 1Y
- 226.22%
- 3Y*
- 87.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.82%
SLV
- 1D
- 0.39%
- 1M
- -14.33%
- 6M
- -37.08%
- YTD
- -20.86%
- 1Y
- 47.30%
- 3Y*
- 31.21%
- 5Y*
- 16.83%
- 10Y*
- 10.57%
- ALL TIME*
- 7.03%
PL vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PL Planet Labs PBC | 12.32% | 388.12% | 63.56% | -43.22% | -29.27% | -45.33% |
SLV iShares Silver Trust | -20.86% | 144.66% | 20.89% | -1.09% | 2.37% | 3.36% |
Correlation
The correlation between PL and SLV is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.20 |
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Return for Risk
PL vs. SLV — Risk / Return Rank
PL
SLV
PL vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.19 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 0.91 | +3.09 |
| Martin ratioReturn relative to average drawdown | 11.81 | 1.85 | +9.96 |
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Drawdowns
PL vs. SLV - Drawdown Comparison
The maximum PL drawdown since its inception was -85.11%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for PL and SLV.
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Drawdown Indicators
| PL | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.11% | -76.28% | -8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -57.02% | -52.28% | -4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -57.02% | -52.28% | -4.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.28% | — |
Current DrawdownCurrent decline from peak | -56.91% | -51.72% | -5.19% |
Average DrawdownAverage peak-to-trough decline | -55.19% | -44.67% | -10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.24% | 25.64% | -6.40% |
Volatility
PL vs. SLV - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 24.26% compared to iShares Silver Trust (SLV) at 12.54%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.26% | 12.54% | +11.72% |
Volatility (6M)Calculated over the trailing 6-month period | 73.92% | 56.50% | +17.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.22% | 61.24% | +42.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.87% | 36.87% | +48.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.87% | 32.18% | +52.69% |
Dividends
PL vs. SLV - Dividend Comparison
Neither PL nor SLV has paid dividends to shareholders.
Frequently Asked Questions
PL and SLV have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PL has higher volatility (24.26%) compared to SLV (12.54%). In terms of maximum drawdown, PL dropped -85.11% vs SLV's -76.28%.
PL currently has the higher Sharpe Ratio (2.19 vs 0.78), 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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