PL=F vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Platinum (PL=F) and S&P 500 Index (^GSPC).

Performance

PL=F vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Platinum (PL=F) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

PL=F vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PL=F Platinum	-3.38%	123.45%	-9.78%	-6.81%	12.08%	-10.47%	10.37%	22.13%	-14.68%	3.60%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, PL=F achieves a -3.38% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, PL=F has underperformed ^GSPC with an annualized return of 7.48%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

PL=F

• 1D: -0.22%
• 1M: -14.97%
• YTD: -3.38%
• 6M: 25.22%
• 1Y: 95.68%
• 3Y*: 25.14%
• 5Y*: 10.22%
• 10Y*: 7.48%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

PL=F vs. ^GSPC — Risk / Return Rank

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

PL=F

PL=F Risk / Return Rank: 80
PL=F Sharpe Ratio Rank: 88
PL=F Sortino Ratio Rank: 83
PL=F Omega Ratio Rank: 76
PL=F Calmar Ratio Rank: 88
PL=F Martin Ratio Rank: 65

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

PL=F vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Platinum (PL=F) and S&P 500 Index (^GSPC). 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.

	PL=F	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.73	0.92	+0.82
Sortino ratio Return per unit of downside risk	2.01	1.41	+0.60
Omega ratio Gain probability vs. loss probability	1.31	1.21	+0.10
Calmar ratio Return relative to maximum drawdown	3.11	1.41	+1.70
Martin ratio Return relative to average drawdown	8.76	6.61	+2.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PL=F vs. ^GSPC - Sharpe Ratio Comparison

The current PL=F Sharpe Ratio is 1.73, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PL=F and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PL=F	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	0.92	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.61	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.68	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.46	-0.35

Correlation

The correlation between PL=F and ^GSPC is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

PL=F vs. ^GSPC - Drawdown Comparison

The maximum PL=F drawdown since its inception was -68.68%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PL=F and ^GSPC.

Drawdown Indicators

	PL=F	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-68.68%	-56.78%	-11.90%
Max Drawdown (1Y) Largest decline over 1 year	-35.53%	-12.14%	-23.39%
Max Drawdown (5Y) Largest decline over 5 years	-36.35%	-25.43%	-10.92%
Max Drawdown (10Y) Largest decline over 10 years	-49.56%	-33.92%	-15.64%
Current Drawdown Current decline from peak	-31.08%	-5.78%	-25.30%
Average Drawdown Average peak-to-trough decline	-36.47%	-10.75%	-25.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.64%	2.60%	+10.04%

Volatility

PL=F vs. ^GSPC - Volatility Comparison

Platinum (PL=F) has a higher volatility of 14.64% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that PL=F's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PL=F	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.64%	5.37%	+9.27%
Volatility (6M) Calculated over the trailing 6-month period	49.49%	9.55%	+39.94%
Volatility (1Y) Calculated over the trailing 1-year period	53.20%	18.33%	+34.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.24%	16.90%	+18.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.52%	18.05%	+13.47%