- ISIN
- CA85207Q1046
- Issuer
- Sprott
- Inception Date
- Dec 19, 2012
- Category
- Precious Metals, Commodities
- 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
SPPP Performance Chart
Sprott Physical Platinum and Palladium Trust (SPPP) is down 21.6% since the beginning of the year. SPPP is currently trading at $13 per share. Investors who bought $1,000 worth of SPPP shares 5 years ago would now be looking at an investment worth $720.
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Returns By Period
Sprott Physical Platinum and Palladium Trust (SPPP) has returned -21.62% so far this year and 16.71% over the past 12 months. Over the last ten years, SPPP has returned 7.38% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Sprott Physical Platinum and Palladium Trust
- 1D
- -1.71%
- 1M
- -11.23%
- YTD
- -21.62%
- 6M
- -24.40%
- 1Y
- 16.71%
- 3Y*
- 5.41%
- 5Y*
- -6.36%
- 10Y*
- 7.38%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPPP Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 2012, SPPP's average daily return is +0.03%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 55% of months were positive and 45% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.04% | 8.11% | -18.00% | 2.25% | -6.05% | -11.53% | -21.62% | ||||||
| 2025 | 9.45% | -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% |
| 2022 | 14.35% | 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 0.69%, beta of 0.48, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since December 19, 2012.
- This ETF participated in 66.83% of S&P 500 Index downside but only 37.85% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.48 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
- 0.69%
- Beta
- 0.48
- R²
- 0.07
- Upside Capture
- 37.85%
- Downside Capture
- 66.83%
Expense Ratio
SPPP has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SPPP ranks 14 for risk / return — in the bottom 14% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and compare them to S&P 500 Index.
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.
| SPPP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 2.78 | -2.39 |
| Martin ratioReturn relative to average drawdown | 0.85 | 12.44 | -11.58 |
Dividends
Dividend History
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 41.54%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -59.09%Aug 2024 | 3y 2mo | 1y 5mo | 4y 8moMay 2021 - Jan 2026 |
COVID crash2020 | -50.42%Mar 2020 | 20d | 1y 13d | 1y 1moFeb 2020 - Apr 2021 |
2016 bear market2016 | -49.16%Jan 2016 | 2y 11mo | 3y 7d | 5y 11moFeb 2013 - Jan 2019 |
2026 bear market2026 | -42.21%Jun 2026 | 4mo 15d | — | 4mo 28dJan 2026 - now |
2019 correction2019 | -18.43%May 2019 | 2mo 3d | 3mo 13d | 5mo 16dMar 2019 - Sep 2019 |
Drawdown Indicators
| SPPP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -56.78% | -2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -42.21% | -9.10% | -33.11% |
Max Drawdown (3Y)Largest decline over 3 years | -42.21% | -18.90% | -23.31% |
Max Drawdown (5Y)Largest decline over 5 years | -58.50% | -25.43% | -33.07% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | -33.92% | -25.17% |
Current DrawdownCurrent decline from peak | -41.54% | -1.80% | -39.74% |
Average DrawdownAverage peak-to-trough decline | -26.51% | -10.71% | -15.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.60% | 2.03% | +17.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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