IVVD vs. SPPP.L

Last updated Jul 1, 2026

IVVD (Invivyd Inc.) is a stock, while SPPP.L (Invesco Physical Platinum) is Precious Metals fund tracking the Platinum. Over the past 3 years, IVVD returned -5.99%/yr vs 19.32%/yr for SPPP.L. At a 0.14 correlation, their price movements are largely independent.

Performance

IVVD vs. SPPP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invivyd Inc. (IVVD) and Invesco Physical Platinum (SPPP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IVVD 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, IVVD achieves a -64.68% return, which is significantly lower than SPPP.L's -22.18% return.

IVVD

• 1D: -7.56%
• 1M: -23.47%
• YTD: -64.68%
• 6M: -64.10%
• 1Y: 22.01%
• 3Y*: -5.99%
• 5Y*: —
• 10Y*: —

SPPP.L

• 1D: -1.72%
• 1M: -19.09%
• YTD: -22.18%
• 6M: -29.47%
• 1Y: 16.70%
• 3Y*: 19.32%
• 5Y*: 7.36%
• 10Y*: 3.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVVD vs. SPPP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IVVD Invivyd Inc.	-64.68%	457.44%	-88.75%	162.67%	-79.34%	-65.43%
SPPP.L Invesco Physical Platinum	-22.18%	120.27%	-9.95%	-5.99%	10.75%	-5.26%

Correlation

The correlation between IVVD and SPPP.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.14

Return for Risk

IVVD vs. SPPP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVVD

IVVD Risk / Return Rank: 57
IVVD Sharpe Ratio Rank: 49
IVVD Sortino Ratio Rank: 68
IVVD Omega Ratio Rank: 64
IVVD Calmar Ratio Rank: 51
IVVD Martin Ratio Rank: 51

SPPP.L

SPPP.L Risk / Return Rank: 16
SPPP.L Sharpe Ratio Rank: 16
SPPP.L Sortino Ratio Rank: 17
SPPP.L Omega Ratio Rank: 19
SPPP.L Calmar Ratio Rank: 15
SPPP.L Martin Ratio Rank: 14

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.

IVVD vs. SPPP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invivyd Inc. (IVVD) 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.

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.

	IVVD	SPPP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.16	0.35	-0.19
Sortino ratio: Return per unit of downside risk	1.48	0.76	+0.72
Omega ratio: Gain probability vs. loss probability	1.17	1.10	+0.06
Calmar ratio: Return relative to maximum drawdown	0.30	0.37	-0.07
Martin ratio: Return relative to average drawdown	0.62	0.83	-0.21

IVVD vs. SPPP.L - Sharpe Ratio Comparison

The current IVVD Sharpe Ratio is 0.16, which is lower than the SPPP.L Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of IVVD and SPPP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVVD vs. SPPP.L - Drawdown Comparison

The maximum IVVD drawdown since its inception was -99.36%, which is greater than SPPP.L's maximum drawdown of -62.33%. Use the drawdown chart below to compare losses from any high point for IVVD and SPPP.L.

Drawdown Indicators

	IVVD	SPPP.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.36%	-62.33%	-37.03%
Max Drawdown (1Y) Largest decline over 1 year	-73.26%	-45.13%	-28.13%
Max Drawdown (3Y) Largest decline over 3 years	-92.90%	-45.13%	-47.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.31%	—
Current Drawdown Current decline from peak	-98.44%	-45.13%	-53.31%
Average Drawdown Average peak-to-trough decline	-91.16%	-34.84%	-56.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.78%	20.11%	+15.67%

Volatility

IVVD vs. SPPP.L - Volatility Comparison

Invivyd Inc. (IVVD) has a higher volatility of 27.52% compared to Invesco Physical Platinum (SPPP.L) at 10.96%. This indicates that IVVD'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.

Volatility by Period

	IVVD	SPPP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.52%	10.96%	+16.56%
Volatility (6M) Calculated over the trailing 6-month period	66.18%	41.26%	+24.92%
Volatility (1Y) Calculated over the trailing 1-year period	140.17%	47.76%	+92.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	178.09%	32.49%	+145.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	178.09%	29.35%	+148.74%

Dividends

IVVD vs. SPPP.L - Dividend Comparison

Neither IVVD nor SPPP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IVVD and SPPP.L in my portfolio?

IVVD and SPPP.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.