AUCO.L vs. SPPP.L
AUCO.L (L&G Gold Mining UCITS ETF) and SPPP.L (Invesco Physical Platinum) are both exchange-traded funds - AUCO.L is a Gold fund tracking the STOXX Global Gold Miners Index, while SPPP.L is a Precious Metals fund tracking the Platinum. Both are passively managed. Over the past 10 years, AUCO.L returned 15.56%/yr vs 6.37%/yr for SPPP.L. At a 0.34 correlation, their price movements are largely independent. AUCO.L charges 0.55%/yr vs 0.19%/yr for SPPP.L.
Performance
AUCO.L vs. SPPP.L - Performance Comparison
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Different Trading Currencies
AUCO.L is traded in USD, while SPPP.L is traded in GBp. To make them comparable, the SPPP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AUCO.L achieves a -0.69% return, which is significantly higher than SPPP.L's -5.35% return. Over the past 10 years, AUCO.L has outperformed SPPP.L with an annualized return of 15.56%, while SPPP.L has yielded a comparatively lower 6.37% annualized return.
AUCO.L
- 1D
- 0.76%
- 1M
- -7.52%
- YTD
- -0.69%
- 6M
- 4.86%
- 1Y
- 62.92%
- 3Y*
- 49.95%
- 5Y*
- 22.29%
- 10Y*
- 15.56%
SPPP.L
- 1D
- 0.40%
- 1M
- -7.75%
- YTD
- -5.35%
- 6M
- 14.30%
- 1Y
- 65.96%
- 3Y*
- 20.73%
- 5Y*
- 10.09%
- 10Y*
- 6.37%
AUCO.L vs. SPPP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUCO.L L&G Gold Mining UCITS ETF | -0.69% | 181.83% | 17.96% | 15.02% | -14.29% | -10.15% | 21.74% | 44.15% | -10.43% | 10.00% |
SPPP.L Invesco Physical Platinum | -5.35% | 120.27% | -9.95% | -5.99% | 10.53% | -8.02% | 6.77% | 22.56% | -14.26% | 0.90% |
Correlation
The correlation between AUCO.L and SPPP.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.34 |
Over the past year, AUCO.L and SPPP.L have become more correlated (0.61) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
AUCO.L vs. SPPP.L — Risk / Return Rank
AUCO.L
SPPP.L
AUCO.L vs. SPPP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCO.L) and Invesco Physical Platinum (SPPP.L). 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.
| AUCO.L | SPPP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.07 | +0.03 |
| Martin ratioReturn relative to average drawdown | 5.42 | 4.30 | +1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AUCO.L | SPPP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.49 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.43 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.30 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.15 | +0.12 |
Drawdowns
AUCO.L vs. SPPP.L - Drawdown Comparison
The maximum AUCO.L drawdown since its inception was -78.40%, which is greater than SPPP.L's maximum drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for AUCO.L and SPPP.L.
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Drawdown Indicators
| AUCO.L | SPPP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.40% | -56.15% | -22.25% |
Max Drawdown (1Y)Largest decline over 1 year | -30.56% | -35.12% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -30.56% | -35.12% | +4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -48.64% | -35.12% | -13.52% |
Max Drawdown (10Y)Largest decline over 10 years | -54.49% | -51.31% | -3.18% |
Current DrawdownCurrent decline from peak | -25.94% | -33.26% | +7.32% |
Average DrawdownAverage peak-to-trough decline | -42.54% | -25.68% | -16.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.83% | 16.96% | -5.13% |
Volatility
AUCO.L vs. SPPP.L - Volatility Comparison
L&G Gold Mining UCITS ETF (AUCO.L) has a higher volatility of 15.82% compared to Invesco Physical Platinum (SPPP.L) at 11.40%. This indicates that AUCO.L's price experiences larger fluctuations and is considered to be riskier than SPPP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUCO.L | SPPP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.82% | 11.40% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 36.24% | 43.20% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.42% | 48.65% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.11% | 42.08% | -3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.36% | 38.86% | -3.50% |
AUCO.L vs. SPPP.L - Expense Ratio Comparison
AUCO.L has a 0.55% expense ratio, which is higher than SPPP.L's 0.19% expense ratio.
Dividends
AUCO.L vs. SPPP.L - Dividend Comparison
Neither AUCO.L nor SPPP.L has paid dividends to shareholders.
Frequently Asked Questions
AUCO.L and SPPP.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPP.L is cheaper with a 0.19% expense ratio, compared with 0.55% for AUCO.L.
AUCO.L is categorized as Gold, while SPPP.L is Precious Metals. AUCO.L tracks STOXX Global Gold Miners Index, while SPPP.L tracks Platinum. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.55% for AUCO.L and 0.19% for SPPP.L.
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