PLTM vs. GLD

Last updated Jun 3, 2026

PLTM (GraniteShares Platinum Trust) and GLD (SPDR Gold Shares) are both exchange-traded funds - PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, PLTM returned 10.16%/yr vs 18.64%/yr for GLD. A 0.52 correlation means they provide meaningful diversification when combined. PLTM charges 0.50%/yr vs 0.40%/yr for GLD.

Performance

PLTM vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Platinum Trust (PLTM) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTM achieves a -5.73% return, which is significantly lower than GLD's 3.95% return.

PLTM

• 1D: 0.59%
• 1M: -2.41%
• YTD: -5.73%
• 6M: 17.72%
• 1Y: 80.23%
• 3Y*: 23.81%
• 5Y*: 10.16%
• 10Y*: —

GLD

• 1D: 0.17%
• 1M: -2.65%
• YTD: 3.95%
• 6M: 6.38%
• 1Y: 32.18%
• 3Y*: 31.53%
• 5Y*: 18.64%
• 10Y*: 13.23%

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

PLTM vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PLTM GraniteShares Platinum Trust	-5.73%	124.46%	-8.91%	-8.10%	10.83%	-10.52%	10.87%	20.76%	-20.48%
GLD SPDR Gold Shares	3.95%	63.68%	26.66%	12.69%	-0.77%	-4.15%	24.81%	17.86%	-4.31%

Correlation

The correlation between PLTM and GLD is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018	0.52

The correlation between PLTM and GLD has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

PLTM vs. GLD - Sectors Allocation Comparison

Sectors	PLTM	GLD
Real Estate	100.0%	-
Basic Materials	-	100.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PLTM vs. GLD — Risk / Return Rank

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

PLTM

PLTM Risk / Return Rank: 41
PLTM Sharpe Ratio Rank: 45
PLTM Sortino Ratio Rank: 37
PLTM Omega Ratio Rank: 43
PLTM Calmar Ratio Rank: 48
PLTM Martin Ratio Rank: 33

GLD

GLD Risk / Return Rank: 34
GLD Sharpe Ratio Rank: 34
GLD Sortino Ratio Rank: 30
GLD Omega Ratio Rank: 37
GLD Calmar Ratio Rank: 37
GLD Martin Ratio Rank: 31

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.

PLTM vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and SPDR Gold Shares (GLD). 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.

	PLTM	GLD	Difference
Sharpe ratio Return per unit of total volatility	1.57	1.22	+0.36
Sortino ratio Return per unit of downside risk	1.93	1.61	+0.32
Omega ratio Gain probability vs. loss probability	1.28	1.24	+0.04
Calmar ratio Return relative to maximum drawdown	2.38	1.86	+0.52
Martin ratio Return relative to average drawdown	5.09	4.66	+0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTM vs. GLD - Sharpe Ratio Comparison

The current PLTM Sharpe Ratio is 1.57, which is comparable to the GLD Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of PLTM and GLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLTM	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.22	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	1.04	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.60	-0.35

Drawdowns

PLTM vs. GLD - Drawdown Comparison

The maximum PLTM drawdown since its inception was -42.32%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for PLTM and GLD.

Drawdown Indicators

	PLTM	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-42.32%	-45.56%	+3.24%
Max Drawdown (1Y) Largest decline over 1 year	-34.52%	-19.21%	-15.31%
Max Drawdown (3Y) Largest decline over 3 years	-34.52%	-19.21%	-15.31%
Max Drawdown (5Y) Largest decline over 5 years	-34.52%	-21.03%	-13.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.00%	—
Current Drawdown Current decline from peak	-30.36%	-16.93%	-13.43%
Average Drawdown Average peak-to-trough decline	-18.54%	-16.16%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.14%	7.65%	+8.49%

Volatility

PLTM vs. GLD - Volatility Comparison

GraniteShares Platinum Trust (PLTM) has a higher volatility of 10.35% compared to SPDR Gold Shares (GLD) at 5.78%. This indicates that PLTM's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTM	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.35%	5.78%	+4.57%
Volatility (6M) Calculated over the trailing 6-month period	45.30%	23.14%	+22.16%
Volatility (1Y) Calculated over the trailing 1-year period	51.24%	26.71%	+24.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.80%	18.02%	+14.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	15.95%	+15.01%

PLTM vs. GLD - Expense Ratio Comparison

PLTM has a 0.50% expense ratio, which is higher than GLD's 0.40% expense ratio.

Dividends

PLTM vs. GLD - Dividend Comparison

Neither PLTM nor GLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLTM and GLD in my portfolio?

PLTM and GLD have a correlation of 0.60, 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 GLD?

PLTM has higher volatility (10.35%) compared to GLD (5.78%). In terms of maximum drawdown, PLTM dropped -42.32% vs GLD's -45.56%.

Which ETF is better, PLTM or GLD?

On 5-year performance, GLD leads with 18.64% vs 10.16% for PLTM. On fees, GLD is cheaper at 0.40% per year. On volatility, GLD has been the lower-risk option at 5.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTM or GLD?

Over the 5-year period, GLD has performed better with a 18.64% return vs 10.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTM or GLD?

GLD is cheaper with a 0.40% expense ratio, compared with 0.50% for PLTM.

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

PLTM and GLD have nearly identical dividend yields, around 0.00%.

What is the main difference between PLTM and GLD?

PLTM is categorized as Precious Metals, while GLD is Gold. PLTM tracks Platinum London PM Fix ($/ozt), while GLD tracks LBMA Gold Price PM. They also come from different issuers: GraniteShares and State Street. Their fees differ too: 0.50% for PLTM and 0.40% for GLD.

Which has better risk-adjusted returns?

PLTM currently has the higher Sharpe Ratio (1.57 vs 1.22), 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.