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 117.50%/yr vs 49.15%/yr for SLVP. At a 0.26 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 68.00% return, which is significantly higher than SLVP's -9.65% return.
PL
- 1D
- 5.91%
- 1M
- -35.22%
- YTD
- 68.00%
- 6M
- 67.83%
- 1Y
- 443.11%
- 3Y*
- 117.50%
- 5Y*
- —
- 10Y*
- —
SLVP
- 1D
- -0.42%
- 1M
- -16.43%
- YTD
- -9.65%
- 6M
- -11.21%
- 1Y
- 76.85%
- 3Y*
- 49.15%
- 5Y*
- 16.22%
- 10Y*
- 9.87%
PL vs. SLVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PL Planet Labs PBC | 68.00% | 388.12% | 63.56% | -43.22% | -29.27% | -45.33% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | -9.65% | 202.84% | 14.47% | -2.31% | -18.06% | -0.04% |
Correlation
The correlation between PL and SLVP is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
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 | 0.26 |
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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 | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.24 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 9.15 | 2.03 | +7.12 |
| Martin ratioReturn relative to average drawdown | 28.19 | 4.88 | +23.31 |
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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 | -48.83% | -38.06% | -10.77% |
Max Drawdown (3Y)Largest decline over 3 years | -55.17% | -38.06% | -17.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.03% | — |
Current DrawdownCurrent decline from peak | -35.54% | -34.83% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -55.27% | -46.74% | -8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.82% | 15.80% | +0.02% |
Volatility
PL vs. SLVP - Volatility Comparison
Planet Labs PBC (PL) has a higher volatility of 41.66% compared to iShares MSCI Global Silver and Metals Miners ETF (SLVP) at 19.38%. 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 | 41.66% | 19.38% | +22.28% |
Volatility (6M)Calculated over the trailing 6-month period | 73.65% | 45.84% | +27.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.54% | 55.46% | +48.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.01% | 43.37% | +41.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.01% | 42.51% | +42.50% |
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 2.28%.
| 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 | 2.28% | 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 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PL has higher volatility (41.66%) compared to SLVP (19.38%). In terms of maximum drawdown, PL dropped -85.11% vs SLVP's -80.47%.
PL currently has the higher Sharpe Ratio (4.32 vs 1.39), 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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