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Sprott Physical Platinum and Palladium Trust (SPPP...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
CA85207Q1046
Issuer
Sprott
Inception Date
Dec 19, 2012
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
Canada
Distribution Policy
Accumulating
Asset Class
Commodity

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Sprott Physical Platinum and Palladium Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Sprott Physical Platinum and Palladium Trust (SPPP) has returned -7.78% so far this year and 56.24% over the past 12 months. Over the last ten years, SPPP has returned 9.27% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Sprott Physical Platinum and Palladium Trust

1D
4.93%
1M
-18.00%
YTD
-7.78%
6M
14.36%
1Y
56.24%
3Y*
8.35%
5Y*
-4.20%
10Y*
9.27%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Dec 19, 2012, SPPP's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, your investment would double in approximately 11.1 years.

Historically, 56% of months were positive and 44% were negative. The best month was Jun 2025 with a return of +15.3%, while the worst month was Mar 2026 at -18.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SPPP closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +17.7%, while the worst single day was Mar 12, 2020 at -19.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20264.04%8.11%-18.00%-7.78%
20259.45%-3.60%5.97%-5.33%8.08%15.34%1.62%1.76%11.95%3.31%4.21%15.18%89.43%
2024-6.64%-4.25%6.98%-1.87%5.60%-2.30%-3.17%-0.53%4.36%7.84%-9.25%-7.49%-11.89%
2023-2.42%-13.10%5.81%5.57%-6.90%-8.92%3.75%-1.06%-4.01%-2.14%-7.97%4.02%-25.86%
202214.35%8.91%-7.14%-2.54%-10.82%-5.64%6.20%-2.35%4.30%-5.06%2.75%-2.44%-2.37%
2021-4.99%2.84%8.90%11.29%-5.21%-5.95%-4.25%-4.33%-16.89%5.80%-7.26%-0.78%-21.77%

Benchmark Metrics

Sprott Physical Platinum and Palladium Trust has an annualized alpha of 2.18%, beta of 0.46, and R² of 0.07 versus S&P 500 Index. Calculated based on daily prices since December 20, 2012.

  • This ETF participated in 63.53% of S&P 500 Index downside but only 40.94% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.46 may look defensive, but with R² of 0.07 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.07 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
2.18%
Beta
0.46
0.07
Upside Capture
40.94%
Downside Capture
63.53%

Expense Ratio

SPPP has a high expense ratio of 1.02%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

SPPP ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


SPPP Risk / Return Rank: 5959
Overall Rank
SPPP Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SPPP Sortino Ratio Rank: 5959
Sortino Ratio Rank
SPPP Omega Ratio Rank: 6363
Omega Ratio Rank
SPPP Calmar Ratio Rank: 6060
Calmar Ratio Rank
SPPP Martin Ratio Rank: 4848
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and compare them to a chosen benchmark (S&P 500 Index).


SPPPBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.14

0.90

+0.25

Sortino ratio

Return per unit of downside risk

1.56

1.39

+0.18

Omega ratio

Gain probability vs. loss probability

1.24

1.21

+0.03

Calmar ratio

Return relative to maximum drawdown

1.58

1.40

+0.18

Martin ratio

Return relative to average drawdown

4.81

6.61

-1.80

Explore SPPP risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


Sprott Physical Platinum and Palladium Trust doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Sprott Physical Platinum and Palladium Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Sprott Physical Platinum and Palladium Trust was 59.09%, occurring on Aug 5, 2024. Recovery took 367 trading sessions.

The current Sprott Physical Platinum and Palladium Trust drawdown is 31.22%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-59.09%May 12, 2021813Aug 5, 2024367Jan 22, 20261180
-50.42%Feb 28, 202015Mar 19, 2020261Apr 1, 2021276
-49.16%Feb 15, 2013732Jan 12, 2016760Jan 18, 20191492
-37.42%Jan 26, 202643Mar 26, 2026
-18.46%Mar 21, 201945May 23, 201970Sep 3, 2019115

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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