PL vs. SVR-C.TO

Last updated Jul 1, 2026

PL (Planet Labs PBC) is a stock, while SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) is Silver fund tracking the LBMA Silver Price. Over the past 3 years, PL returned 117.50%/yr vs 36.65%/yr for SVR-C.TO. At a 0.13 correlation, their price movements are largely independent.

Performance

PL vs. SVR-C.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Planet Labs PBC (PL) and iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PL is traded in USD, while SVR-C.TO is traded in CAD. To make them comparable, the SVR-C.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PL achieves a 68.00% return, which is significantly higher than SVR-C.TO's -17.45% return.

PL

• 1D: 5.91%
• 1M: -35.22%
• YTD: 68.00%
• 6M: 67.83%
• 1Y: 443.11%
• 3Y*: 117.50%
• 5Y*: —
• 10Y*: —

SVR-C.TO

• 1D: 1.73%
• 1M: -21.81%
• YTD: -17.45%
• 6M: -22.77%
• 1Y: 63.83%
• 3Y*: 36.65%
• 5Y*: 17.03%
• 10Y*: 11.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PL vs. SVR-C.TO - 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%
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged)	-17.45%	144.05%	20.41%	-0.28%	3.15%	3.61%

Correlation

The correlation between PL and SVR-C.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021	0.13

Return for Risk

PL vs. SVR-C.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PL

PL Risk / Return Rank: 97
PL Sharpe Ratio Rank: 98
PL Sortino Ratio Rank: 96
PL Omega Ratio Rank: 95
PL Calmar Ratio Rank: 97
PL Martin Ratio Rank: 98

SVR-C.TO

SVR-C.TO Risk / Return Rank: 34
SVR-C.TO Sharpe Ratio Rank: 37
SVR-C.TO Sortino Ratio Rank: 32
SVR-C.TO Omega Ratio Rank: 44
SVR-C.TO Calmar Ratio Rank: 32
SVR-C.TO Martin Ratio Rank: 25

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. SVR-C.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Planet Labs PBC (PL) and iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO). 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	SVR-C.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.32	1.08	+3.23
Sortino ratio: Return per unit of downside risk	4.03	1.49	+2.54
Omega ratio: Gain probability vs. loss probability	1.53	1.23	+0.30
Calmar ratio: Return relative to maximum drawdown	9.15	1.26	+7.89
Martin ratio: Return relative to average drawdown	28.19	2.76	+25.43

PL vs. SVR-C.TO - Sharpe Ratio Comparison

The current PL Sharpe Ratio is 4.32, which is higher than the SVR-C.TO Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of PL and SVR-C.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PL vs. SVR-C.TO - Drawdown Comparison

The maximum PL drawdown since its inception was -85.11%, which is greater than SVR-C.TO's maximum drawdown of -67.24%. Use the drawdown chart below to compare losses from any high point for PL and SVR-C.TO.

Drawdown Indicators

	PL	SVR-C.TO	Difference
Max Drawdown Largest peak-to-trough decline	-85.11%	-67.24%	-17.87%
Max Drawdown (1Y) Largest decline over 1 year	-48.83%	-51.08%	+2.25%
Max Drawdown (3Y) Largest decline over 3 years	-55.17%	-51.08%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-51.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.08%	—
Current Drawdown Current decline from peak	-35.54%	-49.32%	+13.78%
Average Drawdown Average peak-to-trough decline	-55.27%	-40.00%	-15.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.82%	23.18%	-7.36%

Volatility

PL vs. SVR-C.TO - Volatility Comparison

Planet Labs PBC (PL) has a higher volatility of 41.66% compared to iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) at 15.47%. This indicates that PL's price experiences larger fluctuations and is considered to be riskier than SVR-C.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PL	SVR-C.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.66%	15.47%	+26.19%
Volatility (6M) Calculated over the trailing 6-month period	73.65%	56.85%	+16.80%
Volatility (1Y) Calculated over the trailing 1-year period	103.54%	59.24%	+44.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.01%	36.71%	+48.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.01%	32.53%	+52.48%

Dividends

PL vs. SVR-C.TO - Dividend Comparison

Neither PL nor SVR-C.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PL and SVR-C.TO in my portfolio?

PL and SVR-C.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.