PLTM vs. FBL
PLTM (GraniteShares Platinum Trust) and FBL (GraniteShares 2x Long META Daily ETF) are both exchange-traded funds - PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while FBL is a Leveraged Equities fund actively managed by GraniteShares. PLTM is passively managed, while FBL is actively managed. Over the past 3 years, PLTM returned 20.37%/yr vs 12.26%/yr for FBL. Their 0.14 correlation means their historical movements had little consistent relationship. PLTM charges 0.50%/yr vs 1.09%/yr for FBL.
Performance
PLTM vs. FBL - Performance Comparison
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Returns By Period
In the year-to-date period, PLTM achieves a -19.56% return, which is significantly higher than FBL's -39.43% 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%
FBL
- 1D
- 6.66%
- 1M
- -11.35%
- 6M
- -47.34%
- YTD
- -39.43%
- 1Y
- -56.50%
- 3Y*
- 12.26%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 61.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.01M | $36.98M | $35.23M | |
| $1.27M | $1.47M | $3.03M |
PLTM vs. FBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PLTM GraniteShares Platinum Trust | -19.56% | 124.46% | -8.91% | -8.10% | 7.00% |
FBL GraniteShares 2x Long META Daily ETF | -39.43% | 0.50% | 112.72% | 341.59% | -1.38% |
Correlation
The correlation between PLTM and FBL is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.14 |
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Return for Risk
PLTM vs. FBL — Risk / Return Rank
PLTM
FBL
PLTM vs. FBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and GraniteShares 2x Long META Daily ETF (FBL). 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 | FBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.87 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.94 | +1.56 |
| Martin ratioReturn relative to average drawdown | 1.20 | -1.52 | +2.72 |
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Drawdowns
PLTM vs. FBL - Drawdown Comparison
The maximum PLTM drawdown since its inception was -44.07%, smaller than the maximum FBL drawdown of -63.20%. Use the drawdown chart below to compare losses from any high point for PLTM and FBL.
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Drawdown Indicators
| PLTM | FBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.07% | -63.20% | +19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -44.07% | -63.09% | +19.02% |
Max Drawdown (3Y)Largest decline over 3 years | -44.07% | -63.20% | +19.13% |
Max Drawdown (5Y)Largest decline over 5 years | -44.07% | — | — |
Current DrawdownCurrent decline from peak | -40.58% | -60.75% | +20.17% |
Average DrawdownAverage peak-to-trough decline | -18.95% | -18.01% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.75% | 38.96% | -16.21% |
Volatility
PLTM vs. FBL - Volatility Comparison
The current volatility for GraniteShares Platinum Trust (PLTM) is 9.19%, while GraniteShares 2x Long META Daily ETF (FBL) has a volatility of 31.44%. This indicates that PLTM experiences smaller price fluctuations and is considered to be less risky than FBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTM | FBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 31.44% | -22.25% |
Volatility (6M)Calculated over the trailing 6-month period | 38.75% | 61.35% | -22.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.54% | 79.78% | -29.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.15% | 72.81% | -39.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 72.81% | -41.67% |
PLTM vs. FBL - Expense Ratio Comparison
PLTM has a 0.50% expense ratio, which is lower than FBL's 1.09% expense ratio.
Dividends
PLTM vs. FBL - Dividend Comparison
PLTM has not paid dividends to shareholders, while FBL's dividend yield for the trailing twelve months is around 3.42%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 3.42% | 2.07% | 0.00% | 51.58% |
PLTM GraniteShares Platinum Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLTM and FBL have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBL has higher volatility (31.44%) compared to PLTM (9.19%). In terms of maximum drawdown, PLTM dropped -44.07% vs FBL's -63.20%.
On 3-year performance, PLTM leads with 20.37% vs 12.26% for FBL. On fees, PLTM is cheaper at 0.50% per year. On volatility, PLTM has been the lower-risk option at 9.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PLTM has performed better with a 20.37% return vs 12.26%. 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 1.09% for FBL.
FBL has the higher dividend yield at 3.42%, compared with 0.00% for PLTM.
PLTM is categorized as Precious Metals, while FBL is Leveraged Equities. Their fees differ too: 0.50% for PLTM and 1.09% for FBL.
PLTM currently has the higher Sharpe Ratio (0.54 vs -0.78), 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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