NIKL vs. SPPP
Compare and contrast key facts about Sprott Nickel Miners ETF (NIKL) and Sprott Physical Platinum and Palladium Trust (SPPP).
NIKL and SPPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NIKL is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross. It was launched on Mar 21, 2023. SPPP is an actively managed fund by Sprott. It was launched on Dec 19, 2012.
Performance
NIKL vs. SPPP - Performance Comparison
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NIKL vs. SPPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NIKL Sprott Nickel Miners ETF | 4.61% | 52.05% | -22.48% | -17.88% |
SPPP Sprott Physical Platinum and Palladium Trust | -7.36% | 89.43% | -11.89% | -14.49% |
Returns By Period
In the year-to-date period, NIKL achieves a 4.61% return, which is significantly higher than SPPP's -7.36% return.
NIKL
- 1D
- 2.78%
- 1M
- -15.83%
- YTD
- 4.61%
- 6M
- 12.89%
- 1Y
- 90.01%
- 3Y*
- -1.58%
- 5Y*
- —
- 10Y*
- —
SPPP
- 1D
- 0.45%
- 1M
- -16.26%
- YTD
- -7.36%
- 6M
- 14.96%
- 1Y
- 57.89%
- 3Y*
- 8.51%
- 5Y*
- -4.12%
- 10Y*
- 9.32%
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NIKL vs. SPPP - Expense Ratio Comparison
NIKL has a 0.75% expense ratio, which is lower than SPPP's 1.02% expense ratio.
Return for Risk
NIKL vs. SPPP — Risk / Return Rank
NIKL
SPPP
NIKL vs. SPPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) and Sprott Physical Platinum and Palladium Trust (SPPP). 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.
| NIKL | SPPP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 1.18 | +1.01 |
Sortino ratioReturn per unit of downside risk | 2.72 | 1.59 | +1.13 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.52 | +1.51 |
Martin ratioReturn relative to average drawdown | 9.50 | 4.58 | +4.92 |
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
| NIKL | SPPP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.18 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.11 | -0.10 |
Correlation
The correlation between NIKL and SPPP is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NIKL vs. SPPP - Dividend Comparison
NIKL's dividend yield for the trailing twelve months is around 2.42%, while SPPP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NIKL Sprott Nickel Miners ETF | 2.42% | 2.53% | 3.49% | 19.52% |
SPPP Sprott Physical Platinum and Palladium Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NIKL vs. SPPP - Drawdown Comparison
The maximum NIKL drawdown since its inception was -60.23%, roughly equal to the maximum SPPP drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for NIKL and SPPP.
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Drawdown Indicators
| NIKL | SPPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.23% | -59.09% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -29.33% | -37.42% | +8.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.09% | — |
Current DrawdownCurrent decline from peak | -20.08% | -30.91% | +10.83% |
Average DrawdownAverage peak-to-trough decline | -27.00% | -26.43% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.35% | 12.43% | -3.08% |
Volatility
NIKL vs. SPPP - Volatility Comparison
Sprott Nickel Miners ETF (NIKL) has a higher volatility of 16.87% compared to Sprott Physical Platinum and Palladium Trust (SPPP) at 15.09%. This indicates that NIKL's price experiences larger fluctuations and is considered to be riskier than SPPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIKL | SPPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.87% | 15.09% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 33.15% | 46.37% | -13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.35% | 49.37% | -8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.74% | 34.37% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.74% | 32.87% | -1.13% |