PLTM vs. DBP
PLTM (GraniteShares Platinum Trust) and DBP (Invesco DB Precious Metals Fund) are both Precious Metals funds - PLTM tracks the Platinum London PM Fix ($/ozt) while DBP tracks the DBIQ Optimum Yield Precious Metals Index Excess Return. Both are passively managed. Over the past 5 years, PLTM returned 8.97%/yr vs 15.89%/yr for DBP. Their 0.58 correlation means they have sometimes moved together and sometimes differently. PLTM charges 0.50%/yr vs 0.73%/yr for DBP.
Performance
PLTM vs. DBP - Performance Comparison
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Returns By Period
In the year-to-date period, PLTM achieves a -19.56% return, which is significantly lower than DBP's -9.61% return.
PLTM
- 1D
- -0.13%
- 1M
- 2.06%
- 6M
- -22.81%
- YTD
- -19.56%
- 1Y
- 24.86%
- 3Y*
- 20.37%
- 5Y*
- 8.97%
- 10Y*
- —
- ALL TIME*
- 5.60%
DBP
- 1D
- -1.56%
- 1M
- -2.23%
- 6M
- -19.86%
- YTD
- -9.61%
- 1Y
- 24.83%
- 3Y*
- 27.17%
- 5Y*
- 15.89%
- 10Y*
- 9.64%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.17M | $2.70M | $1.86M | |
| $1.27M | $1.47M | $3.03M |
PLTM vs. DBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PLTM GraniteShares Platinum Trust | -19.56% | 124.46% | -8.91% | -8.10% | 10.83% | -10.52% | 10.87% | 20.76% | -20.92% |
DBP Invesco DB Precious Metals Fund | -9.61% | 73.43% | 26.71% | 8.68% | -1.51% | -7.10% | 26.79% | 15.89% | -5.51% |
Correlation
The correlation between PLTM and DBP is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018 | 0.58 |
Over the past year, PLTM and DBP have become more correlated (0.78) than their long-term average of 0.58, meaning their price movements have been converging.
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Return for Risk
PLTM vs. DBP — Risk / Return Rank
PLTM
DBP
PLTM vs. DBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and Invesco DB Precious Metals Fund (DBP). 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.
| PLTM | DBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.82 | -0.19 |
| Martin ratioReturn relative to average drawdown | 1.20 | 1.69 | -0.48 |
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Drawdowns
PLTM vs. DBP - Drawdown Comparison
The maximum PLTM drawdown since its inception was -44.07%, smaller than the maximum DBP drawdown of -53.89%. Use the drawdown chart below to compare losses from any high point for PLTM and DBP.
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Drawdown Indicators
| PLTM | DBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.07% | -53.89% | +9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -44.07% | -33.30% | -10.77% |
Max Drawdown (3Y)Largest decline over 3 years | -44.07% | -33.30% | -10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -44.07% | -33.30% | -10.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.30% | — |
Current DrawdownCurrent decline from peak | -40.58% | -31.89% | -8.69% |
Average DrawdownAverage peak-to-trough decline | -18.95% | -25.45% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 16.07% | +6.68% |
Volatility
PLTM vs. DBP - Volatility Comparison
GraniteShares Platinum Trust (PLTM) has a higher volatility of 9.19% compared to Invesco DB Precious Metals Fund (DBP) at 7.19%. This indicates that PLTM's price experiences larger fluctuations and is considered to be riskier than DBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTM | DBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 7.19% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 38.75% | 29.20% | +9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.54% | 34.26% | +16.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.15% | 21.45% | +11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 18.94% | +12.20% |
PLTM vs. DBP - Expense Ratio Comparison
PLTM has a 0.50% expense ratio, which is lower than DBP's 0.73% expense ratio.
Dividends
PLTM vs. DBP - Dividend Comparison
PLTM has not paid dividends to shareholders, while DBP's dividend yield for the trailing twelve months is around 2.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBP Invesco DB Precious Metals Fund | 2.69% | 2.44% | 4.21% | 4.47% | 0.45% | 0.00% | 0.00% | 1.26% | 1.24% | 0.12% |
PLTM GraniteShares Platinum Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLTM and DBP have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTM has higher volatility (9.19%) compared to DBP (7.19%). In terms of maximum drawdown, PLTM dropped -44.07% vs DBP's -53.89%.
On 5-year performance, DBP leads with 15.89% vs 8.97% for PLTM. On fees, PLTM is cheaper at 0.50% per year. On volatility, DBP has been the lower-risk option at 7.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBP has performed better with a 15.89% return vs 8.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLTM is cheaper with a 0.50% expense ratio, compared with 0.73% for DBP.
DBP has the higher dividend yield at 2.69%, compared with 0.00% for PLTM.
PLTM tracks Platinum London PM Fix ($/ozt), while DBP tracks DBIQ Optimum Yield Precious Metals Index Excess Return. They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 0.50% for PLTM and 0.73% for DBP.
DBP currently has the higher Sharpe Ratio (0.79 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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