XAR vs. PL
XAR (SPDR S&P Aerospace & Defense ETF) is Aerospace & Defense fund tracking the S&P Aerospace & Defense Select Industry Index, while PL (Planet Labs PBC) is a stock. Over the past 5 years, XAR returned 16.58%/yr vs 25.63%/yr for PL. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
XAR vs. PL - Performance Comparison
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Returns By Period
In the year-to-date period, XAR achieves a 16.10% return, which is significantly lower than PL's 57.96% return.
XAR
- 1D
- -1.55%
- 1M
- 3.18%
- YTD
- 16.10%
- 6M
- 18.39%
- 1Y
- 42.07%
- 3Y*
- 33.32%
- 5Y*
- 16.58%
- 10Y*
- 18.45%
PL
- 1D
- -8.84%
- 1M
- -27.63%
- YTD
- 57.96%
- 6M
- 70.78%
- 1Y
- 480.07%
- 3Y*
- 106.65%
- 5Y*
- 25.63%
- 10Y*
- —
XAR vs. PL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XAR SPDR S&P Aerospace & Defense ETF | 16.10% | 46.15% | 23.32% | 23.79% | -5.02% | -8.32% |
PL Planet Labs PBC | 57.96% | 388.12% | 63.56% | -43.22% | -29.27% | -37.24% |
Correlation
The correlation between XAR and PL is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.53 |
The correlation between XAR and PL has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
XAR vs. PL — Risk / Return Rank
XAR
PL
XAR vs. PL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) 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.
| XAR | PL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.55 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 11.79 | -9.36 |
| Martin ratioReturn relative to average drawdown | 6.81 | 36.80 | -29.99 |
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Drawdowns
XAR vs. PL - Drawdown Comparison
The maximum XAR drawdown since its inception was -46.37%, smaller than the maximum PL drawdown of -85.73%. Use the drawdown chart below to compare losses from any high point for XAR and PL.
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Drawdown Indicators
| XAR | PL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -85.73% | +39.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.22% | -40.23% | +23.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.73% | -55.17% | +35.44% |
Max Drawdown (5Y)Largest decline over 5 years | -32.40% | -85.73% | +53.33% |
Max Drawdown (10Y)Largest decline over 10 years | -46.37% | — | — |
Current DrawdownCurrent decline from peak | -4.32% | -39.40% | +35.08% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -49.90% | +43.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 12.88% | -6.75% |
Volatility
XAR vs. PL - Volatility Comparison
The current volatility for SPDR S&P Aerospace & Defense ETF (XAR) is 11.46%, while Planet Labs PBC (PL) has a volatility of 39.48%. This indicates that XAR 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
| XAR | PL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.46% | 39.48% | -28.02% |
Volatility (6M)Calculated over the trailing 6-month period | 23.56% | 78.71% | -55.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.85% | 102.61% | -74.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 80.98% | -57.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.74% | 79.91% | -55.17% |
Dividends
XAR vs. PL - Dividend Comparison
XAR's dividend yield for the trailing twelve months is around 0.31%, while PL has not paid dividends to shareholders.
| 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% |
XAR SPDR S&P Aerospace & Defense ETF | 0.31% | 0.40% | 0.66% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.09% | 2.31% |
Frequently Asked Questions
XAR and PL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PL has higher volatility (39.48%) compared to XAR (11.46%). In terms of maximum drawdown, XAR dropped -46.37% vs PL's -85.73%.
PL currently has the higher Sharpe Ratio (4.62 vs 1.50), 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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