PLTM vs. SPPP

Last updated Jun 3, 2026

PLTM (GraniteShares Platinum Trust) and SPPP (Sprott Physical Platinum and Palladium Trust) are both Precious Metals funds. PLTM is passively managed, while SPPP is actively managed. Over the past 5 years, PLTM returned 10.16%/yr vs -5.70%/yr for SPPP. A 0.70 correlation means they provide meaningful diversification when combined. PLTM charges 0.50%/yr vs 1.02%/yr for SPPP.

Performance

PLTM vs. SPPP - Performance Comparison

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

Returns By Period

In the year-to-date period, PLTM achieves a -5.73% return, which is significantly higher than SPPP's -10.69% return.

PLTM

• 1D: 0.59%
• 1M: -2.41%
• YTD: -5.73%
• 6M: 17.72%
• 1Y: 80.23%
• 3Y*: 23.81%
• 5Y*: 10.16%
• 10Y*: —

SPPP

• 1D: 0.94%
• 1M: -5.11%
• YTD: -10.69%
• 6M: 2.45%
• 1Y: 45.88%
• 3Y*: 7.08%
• 5Y*: -5.70%
• 10Y*: 8.99%

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

PLTM vs. SPPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PLTM GraniteShares Platinum Trust	-5.73%	124.46%	-8.91%	-8.10%	10.83%	-10.52%	10.87%	20.76%	-20.48%
SPPP Sprott Physical Platinum and Palladium Trust	-10.69%	89.43%	-11.89%	-25.86%	-2.37%	-21.77%	23.84%	46.00%	7.84%

Correlation

The correlation between PLTM and SPPP is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018	0.70

Over the past year, PLTM and SPPP have become more correlated (0.93) than their long-term average of 0.70, meaning their price movements have been converging.

Return for Risk

PLTM vs. SPPP — Risk / Return Rank

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

PLTM

PLTM Risk / Return Rank: 41
PLTM Sharpe Ratio Rank: 45
PLTM Sortino Ratio Rank: 37
PLTM Omega Ratio Rank: 43
PLTM Calmar Ratio Rank: 48
PLTM Martin Ratio Rank: 33

SPPP

SPPP Risk / Return Rank: 26
SPPP Sharpe Ratio Rank: 25
SPPP Sortino Ratio Rank: 25
SPPP Omega Ratio Rank: 29
SPPP Calmar Ratio Rank: 26
SPPP Martin Ratio Rank: 22

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. SPPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) and Sprott Physical Platinum and Palladium Trust (SPPP). 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	SPPP	Difference
Sharpe ratio Return per unit of total volatility	1.57	0.91	+0.67
Sortino ratio Return per unit of downside risk	1.93	1.36	+0.57
Omega ratio Gain probability vs. loss probability	1.28	1.20	+0.08
Calmar ratio Return relative to maximum drawdown	2.38	1.28	+1.10
Martin ratio Return relative to average drawdown	5.09	2.74	+2.35
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. SPPP - Sharpe Ratio Comparison

The current PLTM Sharpe Ratio is 1.57, which is higher than the SPPP Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of PLTM and SPPP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLTM	SPPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	0.91	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	-0.16	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.10	+0.15

Drawdowns

PLTM vs. SPPP - Drawdown Comparison

The maximum PLTM drawdown since its inception was -42.32%, smaller than the maximum SPPP drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for PLTM and SPPP.

Drawdown Indicators

	PLTM	SPPP	Difference
Max Drawdown Largest peak-to-trough decline	-42.32%	-59.09%	+16.77%
Max Drawdown (1Y) Largest decline over 1 year	-34.52%	-37.42%	+2.90%
Max Drawdown (3Y) Largest decline over 3 years	-34.52%	-37.42%	+2.90%
Max Drawdown (5Y) Largest decline over 5 years	-34.52%	-58.50%	+23.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.09%	—
Current Drawdown Current decline from peak	-30.36%	-33.39%	+3.03%
Average Drawdown Average peak-to-trough decline	-18.54%	-26.47%	+7.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.14%	17.45%	-1.31%

Volatility

PLTM vs. SPPP - Volatility Comparison

GraniteShares Platinum Trust (PLTM) and Sprott Physical Platinum and Palladium Trust (SPPP) have volatilities of 10.35% and 10.26%, 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	SPPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.35%	10.26%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	45.30%	45.34%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	51.24%	50.80%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.80%	34.84%	-2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	33.08%	-2.12%

PLTM vs. SPPP - Expense Ratio Comparison

PLTM has a 0.50% expense ratio, which is lower than SPPP's 1.02% expense ratio.

Dividends

PLTM vs. SPPP - Dividend Comparison

Neither PLTM nor SPPP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLTM and SPPP in my portfolio?

With a correlation of 0.93, PLTM and SPPP 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 SPPP?

PLTM has higher volatility (10.35%) compared to SPPP (10.26%). In terms of maximum drawdown, PLTM dropped -42.32% vs SPPP's -59.09%.

Which ETF is better, PLTM or SPPP?

On 5-year performance, PLTM leads with 10.16% vs -5.70% for SPPP. 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 SPPP?

Over the 5-year period, PLTM has performed better with a 10.16% return vs -5.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTM or SPPP?

PLTM is cheaper with a 0.50% expense ratio, compared with 1.02% for SPPP.

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

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

What is the main difference between PLTM and SPPP?

They also come from different issuers: GraniteShares and Sprott. Their fees differ too: 0.50% for PLTM and 1.02% for SPPP.

Which has better risk-adjusted returns?

PLTM currently has the higher Sharpe Ratio (1.57 vs 0.91), 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.