PLTM vs. PPLT

Last updated Jun 23, 2026

PLTM (GraniteShares Platinum Trust) and PPLT (abrdn Physical Platinum Shares ETF) are both Precious Metals funds - PLTM tracks the Platinum London PM Fix ($/ozt) while PPLT tracks the LBMA Platinum Price PM. Both are passively managed. Over the past 5 years, PLTM returned 8.59%/yr vs 8.39%/yr for PPLT. With a 0.97 correlation, they move nearly in lockstep. PLTM charges 0.50%/yr vs 0.60%/yr for PPLT.

Performance

PLTM vs. PPLT - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with PLTM having a -18.40% return and PPLT slightly lower at -18.58%.

PLTM

• 1D: -1.17%
• 1M: -12.83%
• YTD: -18.40%
• 6M: -20.69%
• 1Y: 31.86%
• 3Y*: 21.62%
• 5Y*: 8.59%
• 10Y*: —

PPLT

• 1D: -1.24%
• 1M: -13.11%
• YTD: -18.58%
• 6M: -20.84%
• 1Y: 31.58%
• 3Y*: 21.38%
• 5Y*: 8.39%
• 10Y*: 4.85%

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

PLTM vs. PPLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PLTM GraniteShares Platinum Trust	-18.40%	124.46%	-8.91%	-8.10%	10.83%	-10.52%	10.87%	20.76%	-20.92%
PPLT abrdn Physical Platinum Shares ETF	-18.58%	124.48%	-8.90%	-8.18%	10.43%	-10.75%	10.78%	20.85%	-20.08%

Correlation

The correlation between PLTM and PPLT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018	0.97

The correlation between PLTM and PPLT has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.

Return for Risk

PLTM vs. PPLT — Risk / Return Rank

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

PLTM

PLTM Risk / Return Rank: 19
PLTM Sharpe Ratio Rank: 19
PLTM Sortino Ratio Rank: 20
PLTM Omega Ratio Rank: 22
PLTM Calmar Ratio Rank: 18
PLTM Martin Ratio Rank: 17

PPLT

PPLT Risk / Return Rank: 19
PPLT Sharpe Ratio Rank: 19
PPLT Sortino Ratio Rank: 20
PPLT Omega Ratio Rank: 22
PPLT Calmar Ratio Rank: 18
PPLT Martin Ratio Rank: 17

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. PPLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and abrdn Physical Platinum Shares ETF (PPLT). 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	PPLT	Difference
Sharpe ratio: Return per unit of total volatility	0.62	0.63	0.00
Sortino ratio: Return per unit of downside risk	1.08	1.08	0.00
Omega ratio: Gain probability vs. loss probability	1.15	1.15	0.00
Calmar ratio: Return relative to maximum drawdown	0.80	0.79	+0.01
Martin ratio: Return relative to average drawdown	1.76	1.74	+0.01

PLTM vs. PPLT - Sharpe Ratio Comparison

The current PLTM Sharpe Ratio is 0.62, which is comparable to the PPLT Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of PLTM and PPLT, 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. PPLT - Drawdown Comparison

The maximum PLTM drawdown since its inception was -42.32%, smaller than the maximum PPLT drawdown of -70.73%. Use the drawdown chart below to compare losses from any high point for PLTM and PPLT.

Drawdown Indicators

	PLTM	PPLT	Difference
Max Drawdown Largest peak-to-trough decline	-42.32%	-70.73%	+28.41%
Max Drawdown (1Y) Largest decline over 1 year	-40.06%	-40.02%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-40.06%	-40.02%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-40.06%	-40.02%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.14%	—
Current Drawdown Current decline from peak	-39.72%	-39.82%	+0.10%
Average Drawdown Average peak-to-trough decline	-18.65%	-39.93%	+21.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.19%	18.16%	+0.03%

Volatility

PLTM vs. PPLT - Volatility Comparison

GraniteShares Platinum Trust (PLTM) and abrdn Physical Platinum Shares ETF (PPLT) have volatilities of 11.58% and 11.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTM	PPLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.58%	11.51%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	46.02%	45.30%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	51.43%	50.77%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.99%	32.68%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.10%	29.18%	+1.92%

PLTM vs. PPLT - Expense Ratio Comparison

PLTM has a 0.50% expense ratio, which is lower than PPLT's 0.60% expense ratio.

Dividends

PLTM vs. PPLT - Dividend Comparison

Neither PLTM nor PPLT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLTM and PPLT in my portfolio?

With a correlation of 1.00, PLTM and PPLT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PLTM or PPLT?

PLTM has higher volatility (11.58%) compared to PPLT (11.51%). In terms of maximum drawdown, PLTM dropped -42.32% vs PPLT's -70.73%.

Which ETF is better, PLTM or PPLT?

On 5-year performance, PLTM leads with 8.59% vs 8.39% for PPLT. On fees, PLTM is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTM or PPLT?

Over the 5-year period, PLTM has performed better with a 8.59% return vs 8.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTM or PPLT?

PLTM is cheaper with a 0.50% expense ratio, compared with 0.60% for PPLT.

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

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

What is the main difference between PLTM and PPLT?

PLTM tracks Platinum London PM Fix ($/ozt), while PPLT tracks LBMA Platinum Price PM. They also come from different issuers: GraniteShares and abrdn. Their fees differ too: 0.50% for PLTM and 0.60% for PPLT.

Which has better risk-adjusted returns?

PPLT currently has the higher Sharpe Ratio (0.63 vs 0.62), 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.