PLTM vs. GBUG

Last updated Aug 2, 2026

PLTM (GraniteShares Platinum Trust) and GBUG (Sprott Active Gold & Silver Miners ETF) are both exchange-traded funds - PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while GBUG is a Gold fund actively managed by Sprott. PLTM is passively managed, while GBUG is actively managed. Over the past year, PLTM returned 24.86% vs 59.61% for GBUG. Their 0.64 correlation means they have sometimes moved together and sometimes differently. PLTM charges 0.50%/yr vs 0.89%/yr for GBUG.

Performance

PLTM vs. GBUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Platinum Trust (PLTM) and Sprott Active Gold & Silver Miners ETF (GBUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTM achieves a -19.56% return, which is significantly lower than GBUG's -11.43% 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%

GBUG

• 1D: -3.48%
• 1M: -5.07%
• 6M: -17.22%
• YTD: -11.43%
• 1Y: 59.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 60.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GBUG Sprott Active Gold & Silver Miners ETF	$1.01M	$985.52K	$1.44M
PLTM GraniteShares Platinum Trust	$1.27M	$1.47M	$3.03M

PLTM vs. GBUG - Yearly Performance Comparison

	2026 (YTD)	2025
PLTM GraniteShares Platinum Trust	-19.56%	108.89%
GBUG Sprott Active Gold & Silver Miners ETF	-11.43%	122.37%

Correlation

The correlation between PLTM and GBUG is 0.71, 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.	0.71
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.64

The correlation between PLTM and GBUG has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

PLTM vs. GBUG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PLTM

PLTM Risk / Return Rank: 24
PLTM Sharpe Ratio Rank: 24
PLTM Sortino Ratio Rank: 26
PLTM Omega Ratio Rank: 29
PLTM Calmar Ratio Rank: 22
PLTM Martin Ratio Rank: 19

GBUG

GBUG Risk / Return Rank: 45
GBUG Sharpe Ratio Rank: 50
GBUG Sortino Ratio Rank: 45
GBUG Omega Ratio Rank: 49
GBUG Calmar Ratio Rank: 47
GBUG Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PLTM vs. GBUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and Sprott Active Gold & Silver Miners ETF (GBUG). 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	GBUG	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.21	-0.67
Sortino ratio: Return per unit of downside risk	0.99	1.65	-0.66
Omega ratio: Gain probability vs. loss probability	1.14	1.22	-0.09
Calmar ratio: Return relative to maximum drawdown	0.62	1.67	-1.05
Martin ratio: Return relative to average drawdown	1.20	3.51	-2.31

PLTM vs. GBUG - Sharpe Ratio Comparison

The current PLTM Sharpe Ratio is 0.54, which is lower than the GBUG Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of PLTM and GBUG, 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

PLTM vs. GBUG - Drawdown Comparison

The maximum PLTM drawdown since its inception was -44.07%, which is greater than GBUG's maximum drawdown of -37.35%. Use the drawdown chart below to compare losses from any high point for PLTM and GBUG.

Drawdown Indicators

	PLTM	GBUG	Difference
Max Drawdown Largest peak-to-trough decline	-44.07%	-37.35%	-6.72%
Max Drawdown (1Y) Largest decline over 1 year	-44.07%	-37.35%	-6.72%
Max Drawdown (3Y) Largest decline over 3 years	-44.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.07%	—	—
Current Drawdown Current decline from peak	-40.58%	-33.49%	-7.09%
Average Drawdown Average peak-to-trough decline	-18.95%	-10.30%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.75%	17.73%	+5.02%

Volatility

PLTM vs. GBUG - Volatility Comparison

The current volatility for GraniteShares Platinum Trust (PLTM) is 9.19%, while Sprott Active Gold & Silver Miners ETF (GBUG) has a volatility of 14.21%. This indicates that PLTM experiences smaller price fluctuations and is considered to be less risky than GBUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTM	GBUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	14.21%	-5.02%
Volatility (6M) Calculated over the trailing 6-month period	38.75%	42.45%	-3.70%
Volatility (1Y) Calculated over the trailing 1-year period	50.54%	51.46%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.15%	48.42%	-15.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.14%	48.42%	-17.28%

PLTM vs. GBUG - Expense Ratio Comparison

PLTM has a 0.50% expense ratio, which is lower than GBUG's 0.89% expense ratio.

Dividends

PLTM vs. GBUG - Dividend Comparison

PLTM has not paid dividends to shareholders, while GBUG's dividend yield for the trailing twelve months is around 1.76%.

Position	TTM	2025
GBUG Sprott Active Gold & Silver Miners ETF	1.76%	1.56%
PLTM GraniteShares Platinum Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTM and GBUG in my portfolio?

PLTM and GBUG have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTM or GBUG?

GBUG has higher volatility (14.21%) compared to PLTM (9.19%). In terms of maximum drawdown, PLTM dropped -44.07% vs GBUG's -37.35%.

Which ETF is better, PLTM or GBUG?

On 1-year performance, GBUG leads with 59.61% vs 24.86% for PLTM. 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.

Which ETF has performed better, PLTM or GBUG?

Over the 1-year period, GBUG has performed better with a 59.61% return vs 24.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTM or GBUG?

PLTM is cheaper with a 0.50% expense ratio, compared with 0.89% for GBUG.

Which ETF pays a higher dividend yield, PLTM or GBUG?

GBUG has the higher dividend yield at 1.76%, compared with 0.00% for PLTM.

What is the main difference between PLTM and GBUG?

PLTM is categorized as Precious Metals, while GBUG is Gold. They also come from different issuers: GraniteShares and Sprott. Their fees differ too: 0.50% for PLTM and 0.89% for GBUG.

Which has better risk-adjusted returns?

GBUG currently has the higher Sharpe Ratio (1.21 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.