SLV vs. PL
SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price, while PL (Planet Labs PBC) is a stock. Over the past 3 years, SLV returned 36.79%/yr vs 117.50%/yr for PL. At a 0.20 correlation, their price movements are largely independent.
Performance
SLV vs. PL - Performance Comparison
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Returns By Period
In the year-to-date period, SLV achieves a -17.00% return, which is significantly lower than PL's 68.00% return.
SLV
- 1D
- 1.50%
- 1M
- -21.75%
- YTD
- -17.00%
- 6M
- -22.48%
- 1Y
- 62.97%
- 3Y*
- 36.79%
- 5Y*
- 17.27%
- 10Y*
- 11.05%
PL
- 1D
- 5.91%
- 1M
- -35.22%
- YTD
- 68.00%
- 6M
- 67.83%
- 1Y
- 443.11%
- 3Y*
- 117.50%
- 5Y*
- —
- 10Y*
- —
SLV vs. PL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -17.00% | 144.66% | 20.89% | -1.09% | 2.37% | 3.36% |
PL Planet Labs PBC | 68.00% | 388.12% | 63.56% | -43.22% | -29.27% | -45.33% |
Correlation
The correlation between SLV and PL is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.20 |
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Return for Risk
SLV vs. PL — Risk / Return Rank
SLV
PL
SLV vs. PL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) 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.
| SLV | PL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.53 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 9.15 | -7.91 |
| Martin ratioReturn relative to average drawdown | 2.74 | 28.19 | -25.45 |
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Drawdowns
SLV vs. PL - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, smaller than the maximum PL drawdown of -85.11%. Use the drawdown chart below to compare losses from any high point for SLV and PL.
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Drawdown Indicators
| SLV | PL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -85.11% | +8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -50.97% | -48.83% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -50.97% | -55.17% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -50.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | — | — |
Current DrawdownCurrent decline from peak | -49.37% | -35.54% | -13.83% |
Average DrawdownAverage peak-to-trough decline | -44.66% | -55.27% | +10.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.01% | 15.82% | +7.19% |
Volatility
SLV vs. PL - Volatility Comparison
The current volatility for iShares Silver Trust (SLV) is 15.67%, while Planet Labs PBC (PL) has a volatility of 41.66%. This indicates that SLV 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
| SLV | PL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.67% | 41.66% | -25.99% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 73.65% | -14.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.75% | 103.54% | -42.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.74% | 85.01% | -48.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.12% | 85.01% | -52.89% |
Dividends
SLV vs. PL - Dividend Comparison
Neither SLV nor PL has paid dividends to shareholders.
Frequently Asked Questions
SLV and PL have a correlation of 0.16, 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 SLV (15.67%). In terms of maximum drawdown, SLV dropped -76.28% vs PL's -85.11%.
PL currently has the higher Sharpe Ratio (4.32 vs 1.04), 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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