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.
Key characteristics
| PLTM | GLDM | |
|---|---|---|
| YTD Return | -4.78% | 25.93% |
| 1Y Return | 8.80% | 33.44% |
| 3Y Return (Ann) | -4.91% | 11.63% |
| 5Y Return (Ann) | 1.01% | 11.97% |
| Sharpe Ratio | 0.47 | 2.34 |
| Sortino Ratio | 0.83 | 3.08 |
| Omega Ratio | 1.09 | 1.41 |
| Calmar Ratio | 0.35 | 5.09 |
| Martin Ratio | 1.29 | 15.13 |
| Ulcer Index | 8.95% | 2.26% |
| Daily Std Dev | 24.60% | 14.62% |
| Max Drawdown | -42.32% | -21.63% |
| Current Drawdown | -27.19% | -6.72% |
Correlation
The correlation between PLTM and GLDM is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PLTM vs. GLDM - Performance Comparison
In the year-to-date period, PLTM achieves a -4.78% return, which is significantly lower than GLDM's 25.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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
GraniteShares Platinum Trust (PLTM) has a higher volatility of 6.95% compared to SPDR Gold MiniShares Trust (GLDM) at 5.40%. This indicates that PLTM's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.