PL vs. SLVP
PL (Planet Labs PBC) is a stock, while SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index. Over the past 3 years, PL returned 87.88%/yr vs 42.07%/yr for SLVP. At a 0.27 correlation, their price movements are largely independent.
Performance
PL vs. SLVP - 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 SLVP's -15.40% 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%
SLVP
- 1D
- -0.45%
- 1M
- -12.65%
- 6M
- -29.61%
- YTD
- -15.40%
- 1Y
- 66.44%
- 3Y*
- 42.07%
- 5Y*
- 16.36%
- 10Y*
- 8.77%
- ALL TIME*
- 2.33%
PL vs. SLVP - 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% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | -15.40% | 202.84% | 14.47% | -2.31% | -18.06% | -0.04% |
Correlation
The correlation between PL and SLVP is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.27 |
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Return for Risk
PL vs. SLVP — Risk / Return Rank
PL
SLVP
PL vs. SLVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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 | SLVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 1.71 | +2.28 |
| Martin ratioReturn relative to average drawdown | 11.81 | 3.75 | +8.06 |
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Drawdowns
PL vs. SLVP - Drawdown Comparison
The maximum PL drawdown since its inception was -85.11%, which is greater than SLVP's maximum drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for PL and SLVP.
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Drawdown Indicators
| PL | SLVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.11% | -80.47% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -57.02% | -38.97% | -18.05% |
Max Drawdown (3Y)Largest decline over 3 years | -57.02% | -38.97% | -18.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.03% | — |
Current DrawdownCurrent decline from peak | -56.91% | -38.97% | -17.94% |
Average DrawdownAverage peak-to-trough decline | -55.19% | -46.70% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.24% | 17.76% | +1.48% |
Volatility
PL vs. SLVP - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 24.26% compared to iShares MSCI Global Silver and Metals Miners ETF (SLVP) at 12.92%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PL | SLVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.26% | 12.92% | +11.34% |
Volatility (6M)Calculated over the trailing 6-month period | 73.92% | 45.27% | +28.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.22% | 55.94% | +48.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.87% | 43.46% | +41.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.87% | 42.46% | +42.41% |
Dividends
PL vs. SLVP - Dividend Comparison
PL has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 2.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 2.44% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
Frequently Asked Questions
PL and SLVP have a correlation of 0.27, 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 SLVP (12.92%). In terms of maximum drawdown, PL dropped -85.11% vs SLVP's -80.47%.
PL currently has the higher Sharpe Ratio (2.19 vs 1.20), 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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