PLTM vs. IAUM

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares Platinum Trust (PLTM) and iShares Gold Trust Micro (IAUM).

PLTM and IAUM 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. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jun 15, 2021. Both PLTM and IAUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PLTM vs. IAUM - Performance Comparison

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

PLTM vs. IAUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PLTM GraniteShares Platinum Trust	-4.16%	124.46%	-8.91%	-8.10%	10.83%	-9.77%
IAUM iShares Gold Trust Micro	8.63%	64.27%	27.04%	13.12%	-0.49%	3.87%

Returns By Period

In the year-to-date period, PLTM achieves a -4.16% return, which is significantly lower than IAUM's 8.63% return.

PLTM

• 1D: 3.79%
• 1M: -16.88%
• YTD: -4.16%
• 6M: 25.15%
• 1Y: 95.35%
• 3Y*: 24.98%
• 5Y*: 9.65%
• 10Y*: —

IAUM

• 1D: 3.78%
• 1M: -11.00%
• YTD: 8.63%
• 6M: 21.30%
• 1Y: 49.82%
• 3Y*: 33.36%
• 5Y*: —
• 10Y*: —

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

PLTM vs. IAUM - Expense Ratio Comparison

PLTM has a 0.50% expense ratio, which is higher than IAUM's 0.09% expense ratio.

PLTM

GraniteShares Platinum Trust

IAUM

iShares Gold Trust Micro

Return for Risk

PLTM vs. IAUM — Risk / Return Rank

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

PLTM

PLTM Risk / Return Rank: 86
PLTM Sharpe Ratio Rank: 90
PLTM Sortino Ratio Rank: 85
PLTM Omega Ratio Rank: 86
PLTM Calmar Ratio Rank: 89
PLTM Martin Ratio Rank: 82

IAUM

IAUM Risk / Return Rank: 88
IAUM Sharpe Ratio Rank: 89
IAUM Sortino Ratio Rank: 87
IAUM Omega Ratio Rank: 86
IAUM Calmar Ratio Rank: 89
IAUM Martin Ratio Rank: 88

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. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and iShares Gold Trust Micro (IAUM). 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	IAUM	Difference
Sharpe ratio Return per unit of total volatility	1.92	1.82	+0.10
Sortino ratio Return per unit of downside risk	2.18	2.26	-0.07
Omega ratio Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio Return relative to maximum drawdown	2.85	2.72	+0.13
Martin ratio Return relative to average drawdown	8.61	10.05	-1.44
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. IAUM - Sharpe Ratio Comparison

The current PLTM Sharpe Ratio is 1.92, which is comparable to the IAUM Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of PLTM and IAUM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PLTM	IAUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	1.82	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	1.29	-1.02

Correlation

The correlation between PLTM and IAUM is 0.54, 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.

Dividends

PLTM vs. IAUM - Dividend Comparison

Neither PLTM nor IAUM has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

PLTM vs. IAUM - Drawdown Comparison

The maximum PLTM drawdown since its inception was -42.32%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for PLTM and IAUM.

Drawdown Indicators

	PLTM	IAUM	Difference
Max Drawdown Largest peak-to-trough decline	-42.32%	-20.87%	-21.45%
Max Drawdown (1Y) Largest decline over 1 year	-34.52%	-19.15%	-15.37%
Max Drawdown (5Y) Largest decline over 5 years	-34.68%	—	—
Current Drawdown Current decline from peak	-29.20%	-13.18%	-16.02%
Average Drawdown Average peak-to-trough decline	-18.35%	-4.98%	-13.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.43%	5.18%	+6.25%

Volatility

PLTM vs. IAUM - Volatility Comparison

GraniteShares Platinum Trust (PLTM) has a higher volatility of 16.47% compared to iShares Gold Trust Micro (IAUM) at 10.97%. This indicates that PLTM's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTM	IAUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.47%	10.97%	+5.50%
Volatility (6M) Calculated over the trailing 6-month period	45.52%	23.96%	+21.56%
Volatility (1Y) Calculated over the trailing 1-year period	49.91%	27.51%	+22.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.39%	17.78%	+14.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.82%	17.78%	+13.04%