PL vs RAPP: Correlation
Planet Labs PBC (PL) and Rapport Therapeutics, Inc. (RAPP) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PL and RAPP?
On 3 years of weekly data the PL/RAPP correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 4157.1 %².
Within PL's tracked universe of 10 assets, RAPP comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RAPP outperformed by 40.6 percentage points (+198.9% for PL against +239.5% for RAPP).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PL vs RAPP: side by side
| PL (Planet Labs PBC) | RAPP (Rapport Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +198.9% | +239.5% |
| 5-year return | +114.4% | n/a |
| Volatility (ann.) | 89.7% | 89.6% |
| Beta vs S&P 500 | 2.46 | 1.91 |
| Max drawdown (3Y) | -62.1% | -75.5% |
| Market cap | $7.5B | $2.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PL | RAPP |
|---|---|---|
| 2022 | -29.3% | – |
| 2023 | -43.2% | – |
| 2024 | +63.6% | – |
| 2025 | +388.1% | +71.0% |
| 2026 | +7.3% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PL and RAPP good diversifiers for each other?
Reasonably. At 0.47, PL and RAPP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PL and RAPP?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.50 over the last year and n/a over 5 years.
Is RAPP a good diversifier for PL?
Reasonably. At 0.47, PL and RAPP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PL correlations · RAPP correlations
