PPLT vs. PL
PPLT (abrdn Physical Platinum Shares ETF) is Precious Metals fund tracking the LBMA Platinum Price PM, while PL (Planet Labs PBC) is a stock. Over the past 3 years, PPLT returned 17.62%/yr vs 87.88%/yr for PL. At a 0.20 correlation, their price movements are largely independent.
Performance
PPLT vs. PL - Performance Comparison
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Returns By Period
In the year-to-date period, PPLT achieves a -22.38% return, which is significantly lower than PL's 12.32% return.
PPLT
- 1D
- -0.21%
- 1M
- -5.86%
- 6M
- -30.85%
- YTD
- -22.38%
- 1Y
- 11.40%
- 3Y*
- 17.62%
- 5Y*
- 7.46%
- 10Y*
- 3.36%
- ALL TIME*
- -0.53%
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%
PPLT vs. PL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPLT abrdn Physical Platinum Shares ETF | -22.38% | 124.48% | -8.90% | -8.18% | 10.43% | 1.41% |
PL Planet Labs PBC | 12.32% | 388.12% | 63.56% | -43.22% | -29.27% | -45.33% |
Correlation
The correlation between PPLT and PL 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 | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.20 |
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Return for Risk
PPLT vs. PL — Risk / Return Rank
PPLT
PL
PPLT vs. PL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Platinum Shares ETF (PPLT) and Planet Labs PBC (PL). 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.
| PPLT | PL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.38 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 3.99 | -3.73 |
| Martin ratioReturn relative to average drawdown | 0.53 | 11.81 | -11.28 |
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Drawdowns
PPLT vs. PL - Drawdown Comparison
The maximum PPLT drawdown since its inception was -70.73%, smaller than the maximum PL drawdown of -85.11%. Use the drawdown chart below to compare losses from any high point for PPLT and PL.
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Drawdown Indicators
| PPLT | PL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -85.11% | +14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -43.98% | -57.02% | +13.04% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -57.02% | +13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -43.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.14% | — | — |
Current DrawdownCurrent decline from peak | -42.64% | -56.91% | +14.27% |
Average DrawdownAverage peak-to-trough decline | -39.94% | -55.19% | +15.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.45% | 19.24% | +2.21% |
Volatility
PPLT vs. PL - Volatility Comparison
The current volatility for abrdn Physical Platinum Shares ETF (PPLT) is 10.06%, while Planet Labs PBC (PL) has a volatility of 24.26%. This indicates that PPLT experiences smaller price fluctuations and is considered to be less risky than PL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPLT | PL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.06% | 24.26% | -14.20% |
Volatility (6M)Calculated over the trailing 6-month period | 39.77% | 73.92% | -34.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.14% | 104.22% | -54.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.81% | 84.87% | -52.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.27% | 84.87% | -55.60% |
Dividends
PPLT vs. PL - Dividend Comparison
Neither PPLT nor PL has paid dividends to shareholders.
Frequently Asked Questions
PPLT and PL 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 PPLT (10.06%). In terms of maximum drawdown, PPLT dropped -70.73% vs PL's -85.11%.
PL currently has the higher Sharpe Ratio (2.19 vs 0.23), 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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