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 19.09%/yr vs 117.50%/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 -24.21% return, which is significantly lower than PL's 68.00% return.
PPLT
- 1D
- -1.40%
- 1M
- -19.03%
- YTD
- -24.21%
- 6M
- -28.86%
- 1Y
- 15.00%
- 3Y*
- 19.09%
- 5Y*
- 6.84%
- 10Y*
- 3.32%
PL
- 1D
- 5.91%
- 1M
- -35.22%
- YTD
- 68.00%
- 6M
- 67.83%
- 1Y
- 443.11%
- 3Y*
- 117.50%
- 5Y*
- —
- 10Y*
- —
PPLT vs. PL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPLT abrdn Physical Platinum Shares ETF | -24.21% | 124.48% | -8.90% | -8.18% | 10.43% | 1.41% |
PL Planet Labs PBC | 68.00% | 388.12% | 63.56% | -43.22% | -29.27% | -45.33% |
Correlation
The correlation between PPLT and PL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
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 | -4.02 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.53 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 9.15 | -8.81 |
| Martin ratioReturn relative to average drawdown | 0.78 | 28.19 | -27.41 |
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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% | -48.83% | +4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -55.17% | +11.19% |
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 | -43.98% | -35.54% | -8.44% |
Average DrawdownAverage peak-to-trough decline | -39.94% | -55.27% | +15.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.30% | 15.82% | +3.48% |
Volatility
PPLT vs. PL - Volatility Comparison
The current volatility for abrdn Physical Platinum Shares ETF (PPLT) is 12.58%, while Planet Labs PBC (PL) has a volatility of 41.66%. 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 | 12.58% | 41.66% | -29.08% |
Volatility (6M)Calculated over the trailing 6-month period | 43.67% | 73.65% | -29.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.52% | 103.54% | -53.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.78% | 85.01% | -52.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.21% | 85.01% | -55.80% |
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 0.18, 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 PPLT (12.58%). In terms of maximum drawdown, PPLT dropped -70.73% vs PL's -85.11%.
PL currently has the higher Sharpe Ratio (4.32 vs 0.30), 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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