PLTM vs. SPLT.L
PLTM (GraniteShares Platinum Trust) and SPLT.L (iShares Physical Platinum ETC) are both Precious Metals funds - PLTM tracks the Platinum London PM Fix ($/ozt) while SPLT.L tracks the Platinum. Both are passively managed. Over the past 5 years, PLTM returned 9.22%/yr vs 9.86%/yr for SPLT.L. Their correlation of 0.82 suggests significant overlap in exposure. PLTM charges 0.50%/yr vs 0.20%/yr for SPLT.L.
Performance
PLTM vs. SPLT.L - Performance Comparison
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Different Trading Currencies
PLTM is traded in USD, while SPLT.L is traded in GBp. To make them comparable, the SPLT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PLTM achieves a -9.33% return, which is significantly lower than SPLT.L's -5.69% return.
PLTM
- 1D
- -3.82%
- 1M
- -4.28%
- YTD
- -9.33%
- 6M
- 11.67%
- 1Y
- 71.85%
- 3Y*
- 22.22%
- 5Y*
- 9.22%
- 10Y*
- —
SPLT.L
- 1D
- -3.02%
- 1M
- -5.30%
- YTD
- -5.69%
- 6M
- 13.54%
- 1Y
- 74.80%
- 3Y*
- 23.07%
- 5Y*
- 9.86%
- 10Y*
- 6.46%
PLTM vs. SPLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PLTM GraniteShares Platinum Trust | -9.33% | 124.46% | -8.91% | -8.10% | 10.83% | -10.52% | 10.87% | 20.76% | -20.48% |
SPLT.L iShares Physical Platinum ETC | -5.69% | 120.07% | -9.90% | -6.07% | 10.71% | -10.99% | 10.32% | 22.42% | -20.34% |
Correlation
The correlation between PLTM and SPLT.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | 0.82 |
The correlation between PLTM and SPLT.L has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
PLTM vs. SPLT.L — Risk / Return Rank
PLTM
SPLT.L
PLTM vs. SPLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and iShares Physical Platinum ETC (SPLT.L). 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 | SPLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.09 | 0.00 |
| Martin ratioReturn relative to average drawdown | 4.43 | 4.38 | +0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLTM | SPLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.54 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.30 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.00 | +0.23 |
Drawdowns
PLTM vs. SPLT.L - Drawdown Comparison
The maximum PLTM drawdown since its inception was -42.32%, smaller than the maximum SPLT.L drawdown of -70.11%. Use the drawdown chart below to compare losses from any high point for PLTM and SPLT.L.
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Drawdown Indicators
| PLTM | SPLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.32% | -70.11% | +27.79% |
Max Drawdown (1Y)Largest decline over 1 year | -34.52% | -35.57% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -34.52% | -35.57% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -34.52% | -35.57% | +1.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.44% | — |
Current DrawdownCurrent decline from peak | -33.02% | -33.81% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -18.55% | -42.93% | +24.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.28% | 17.03% | -0.75% |
Volatility
PLTM vs. SPLT.L - Volatility Comparison
The current volatility for GraniteShares Platinum Trust (PLTM) is 10.88%, while iShares Physical Platinum ETC (SPLT.L) has a volatility of 11.84%. This indicates that PLTM experiences smaller price fluctuations and is considered to be less risky than SPLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTM | SPLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.88% | 11.84% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 45.45% | 42.93% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.40% | 48.46% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.83% | 32.41% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.98% | 29.29% | +1.69% |
PLTM vs. SPLT.L - Expense Ratio Comparison
PLTM has a 0.50% expense ratio, which is higher than SPLT.L's 0.20% expense ratio.
Dividends
PLTM vs. SPLT.L - Dividend Comparison
Neither PLTM nor SPLT.L has paid dividends to shareholders.
Frequently Asked Questions
PLTM and SPLT.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPLT.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPLT.L is cheaper with a 0.20% expense ratio, compared with 0.50% for PLTM.
PLTM tracks Platinum London PM Fix ($/ozt), while SPLT.L tracks Platinum. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 0.50% for PLTM and 0.20% for SPLT.L.
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