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PL vs. SLVP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PL vs. SLVP

Last updated Jun 4, 2026

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 5 years, PL returned 34.22%/yr vs 15.97%/yr for SLVP. At a 0.25 correlation, their price movements are largely independent.

Performance

PL vs. SLVP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Planet Labs PBC (PL) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PL achieves a 118.71% return, which is significantly higher than SLVP's 2.25% return.

PL

1D
-10.31%
1M
11.91%
YTD
118.71%
6M
259.12%
1Y
1,023.18%
3Y*
109.66%
5Y*
34.22%
10Y*
—

SLVP

1D
-5.14%
1M
1.42%
YTD
2.25%
6M
13.09%
1Y
112.07%
3Y*
52.07%
5Y*
15.97%
10Y*
13.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PL vs. SLVP - Yearly Performance Comparison

2026 (YTD)20252024202320222021
PL
Planet Labs PBC		118.71%388.12%63.56%-43.22%-29.27%-37.88%
SLVP
iShares MSCI Global Silver and Metals Miners ETF		2.25%202.84%14.47%-2.31%-18.06%-18.68%

Correlation

The correlation between PL and SLVP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2021

0.25

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Planet Labs PBC

iShares MSCI Global Silver and Metals Miners ETF

Often compared with PL:
PL vs. RKLBPL vs. BKSYPL vs. PLTRPL vs. OKLOPL vs. INODPL vs. SWIMPL vs. HLIT
Often compared with SLVP:
SLVP vs. SLVSLVP vs. SILSLVP vs. SSLN.LSLVP vs. PSLVSLVP vs. SIVRSLVP vs. RINGSLVP vs. SLVR.DE

Return for Risk

PL vs. SLVP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PL
PL Risk / Return Rank: 9999
Overall Rank
PL Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
PL Sortino Ratio Rank: 9999
Sortino Ratio Rank
PL Omega Ratio Rank: 9898
Omega Ratio Rank
PL Calmar Ratio Rank: 100100
Calmar Ratio Rank
PL Martin Ratio Rank: 100100
Martin Ratio Rank
SLVP
SLVP Risk / Return Rank: 5555
Overall Rank
SLVP Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
SLVP Sortino Ratio Rank: 4848
Sortino Ratio Rank
SLVP Omega Ratio Rank: 5151
Omega Ratio Rank
SLVP Calmar Ratio Rank: 6666
Calmar Ratio Rank
SLVP Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

PLSLVPDifference
Sharpe ratioReturn per unit of total volatility
9.45
2.12

+7.33

Sortino ratioReturn per unit of downside risk
6.39
2.40

+3.99

Omega ratioGain probability vs. loss probability

1.79

1.33

+0.46

Calmar ratioReturn relative to maximum drawdown

35.64

3.36

+32.28

Martin ratioReturn relative to average drawdown

88.66

8.53

+80.13

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PL vs. SLVP - Sharpe Ratio Comparison

The current PL Sharpe Ratio is 9.45, which is higher than the SLVP Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of PL and SLVP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PLSLVPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

9.45

2.12

+7.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

0.38

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.32

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.09

+0.34

Drawdowns

PL vs. SLVP - Drawdown Comparison

The maximum PL drawdown since its inception was -85.73%, 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

PLSLVPDifference

Max Drawdown

Largest peak-to-trough decline

-85.73%

-80.47%

-5.26%

Max Drawdown (1Y)

Largest decline over 1 year

-29.01%

-33.57%

+4.56%

Max Drawdown (3Y)

Largest decline over 3 years

-65.51%

-33.57%

-31.94%

Max Drawdown (5Y)

Largest decline over 5 years

-85.73%

-54.78%

-30.95%

Max Drawdown (10Y)

Largest decline over 10 years

—

-62.03%

—

Current Drawdown

Current decline from peak

-16.09%

-26.25%

+10.16%

Average Drawdown

Average peak-to-trough decline

-50.02%

-46.82%

-3.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.64%

13.18%

-1.54%

Volatility

PL vs. SLVP - Volatility Comparison

Planet Labs PBC (PL) has a higher volatility of 27.87% compared to iShares MSCI Global Silver and Metals Miners ETF (SLVP) at 17.59%. 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

PLSLVPDifference

Volatility (1M)

Calculated over the trailing 1-month period

27.87%

17.59%

+10.28%

Volatility (6M)

Calculated over the trailing 6-month period

71.02%

43.22%

+27.80%

Volatility (1Y)

Calculated over the trailing 1-year period

109.37%

53.06%

+56.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

79.87%

42.76%

+37.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

79.03%

42.24%

+36.79%

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 1.74%.

PositionTTM20252024202320222021202020192018201720162015
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		1.74%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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PL has higher volatility (27.87%) compared to SLVP (17.59%). In terms of maximum drawdown, PL dropped -85.73% vs SLVP's -80.47%.

PL currently has the higher Sharpe Ratio (9.45 vs 2.12), 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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