PPLT vs. AMUN
PPLT (abrdn Physical Platinum Shares ETF) and AMUN (abrdn Ultra Short Municipal Income Active ETF) are both exchange-traded funds - PPLT is a Precious Metals fund tracking the LBMA Platinum Price PM, while AMUN is a Municipal Bonds fund actively managed by abrdn. PPLT is passively managed, while AMUN is actively managed. At a correlation of -0.04, they often move in opposite directions. PPLT charges 0.60%/yr vs 0.25%/yr for AMUN.
Performance
PPLT vs. AMUN - Performance Comparison
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Returns By Period
In the year-to-date period, PPLT achieves a -19.76% return, which is significantly lower than AMUN's 1.25% return.
PPLT
- 1D
- -1.45%
- 1M
- -14.37%
- YTD
- -19.76%
- 6M
- -28.09%
- 1Y
- 27.10%
- 3Y*
- 20.79%
- 5Y*
- 7.90%
- 10Y*
- 4.70%
AMUN
- 1D
- 0.04%
- 1M
- 0.30%
- YTD
- 1.25%
- 6M
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPLT vs. AMUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PPLT abrdn Physical Platinum Shares ETF | -19.76% | 27.51% |
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.25% | 0.14% |
Correlation
The correlation between PPLT and AMUN is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 20, 2025 | -0.04 |
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Return for Risk
PPLT vs. AMUN — Risk / Return Rank
PPLT
AMUN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PPLT vs. AMUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Platinum Shares ETF (PPLT) and abrdn Ultra Short Municipal Income Active ETF (AMUN). 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.
| PPLT | AMUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | — | — |
| Martin ratioReturn relative to average drawdown | 1.48 | — | — |
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Drawdowns
PPLT vs. AMUN - Drawdown Comparison
The maximum PPLT drawdown since its inception was -70.73%, which is greater than AMUN's maximum drawdown of -0.61%. Use the drawdown chart below to compare losses from any high point for PPLT and AMUN.
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Drawdown Indicators
| PPLT | AMUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -0.61% | -70.12% |
Max Drawdown (1Y)Largest decline over 1 year | -40.69% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -40.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.14% | — | — |
Current DrawdownCurrent decline from peak | -40.69% | 0.00% | -40.69% |
Average DrawdownAverage peak-to-trough decline | -39.93% | -0.08% | -39.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.34% | — | — |
Volatility
PPLT vs. AMUN - Volatility Comparison
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Volatility by Period
| PPLT | AMUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 45.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.70% | 0.98% | +49.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.68% | 0.98% | +31.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.18% | 0.98% | +28.20% |
PPLT vs. AMUN - Expense Ratio Comparison
PPLT has a 0.60% expense ratio, which is higher than AMUN's 0.25% expense ratio.
Dividends
PPLT vs. AMUN - Dividend Comparison
PPLT has not paid dividends to shareholders, while AMUN's dividend yield for the trailing twelve months is around 1.88%.
| Position | TTM | 2025 |
|---|---|---|
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.88% | 0.66% |
PPLT abrdn Physical Platinum Shares ETF | 0.00% | 0.00% |
Frequently Asked Questions
PPLT and AMUN have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMUN is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMUN is cheaper with a 0.25% expense ratio, compared with 0.60% for PPLT.
AMUN has the higher dividend yield at 1.88%, compared with 0.00% for PPLT.
PPLT is categorized as Precious Metals, while AMUN is Municipal Bonds. Their fees differ too: 0.60% for PPLT and 0.25% for AMUN.
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