PLTM vs. GLDM
Compare and contrast key facts about GraniteShares Platinum Trust (PLTM) and SPDR Gold MiniShares Trust (GLDM).
PLTM and GLDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PLTM is a passively managed fund by GraniteShares that tracks the performance of the Platinum London PM Fix ($/ozt). It was launched on Jan 22, 2018. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018. Both PLTM and GLDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PLTM or GLDM.
Correlation
The correlation between PLTM and GLDM is 0.07, 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.
Performance
PLTM vs. GLDM - Performance Comparison
Key characteristics
PLTM:
0.21
GLDM:
2.60
PLTM:
0.45
GLDM:
3.43
PLTM:
1.05
GLDM:
1.45
PLTM:
0.15
GLDM:
5.36
PLTM:
0.43
GLDM:
14.79
PLTM:
10.91%
GLDM:
2.93%
PLTM:
22.58%
GLDM:
16.73%
PLTM:
-42.32%
GLDM:
-21.63%
PLTM:
-25.59%
GLDM:
-2.40%
Returns By Period
In the year-to-date period, PLTM achieves a 6.83% return, which is significantly lower than GLDM's 27.31% return.
PLTM
6.83%
-0.74%
-5.72%
6.58%
4.42%
N/A
GLDM
27.31%
10.63%
22.10%
43.92%
13.98%
N/A
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PLTM vs. GLDM - Expense Ratio Comparison
PLTM has a 0.50% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Risk-Adjusted Performance
PLTM vs. GLDM — Risk-Adjusted Performance Rank
PLTM
GLDM
PLTM vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and SPDR Gold MiniShares Trust (GLDM). 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.
Dividends
PLTM vs. GLDM - Dividend Comparison
Neither PLTM nor GLDM has paid dividends to shareholders.
Drawdowns
PLTM vs. GLDM - Drawdown Comparison
The maximum PLTM drawdown since its inception was -42.32%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for PLTM and GLDM. For additional features, visit the drawdowns tool.
Volatility
PLTM vs. GLDM - Volatility Comparison
The current volatility for GraniteShares Platinum Trust (PLTM) is 5.89%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 8.06%. This indicates that PLTM experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.