PPLT vs. BGLD
PPLT (abrdn Physical Platinum Shares ETF) and BGLD (FT Vest Gold Strategy Quarterly Buffer ETF) are both exchange-traded funds - PPLT is a Precious Metals fund tracking the LBMA Platinum Price PM, while BGLD is a Defined Outcome fund actively managed by FT Vest. PPLT is passively managed, while BGLD is actively managed. Over the past 5 years, PPLT returned 7.90%/yr vs 10.99%/yr for BGLD. At a 0.48 correlation, their price movements are largely independent. PPLT charges 0.60%/yr vs 0.91%/yr for BGLD.
Performance
PPLT vs. BGLD - 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 BGLD's -3.71% 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%
BGLD
- 1D
- -0.57%
- 1M
- -4.77%
- YTD
- -3.71%
- 6M
- -6.89%
- 1Y
- 7.94%
- 3Y*
- 18.31%
- 5Y*
- 10.99%
- 10Y*
- —
PPLT vs. BGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPLT abrdn Physical Platinum Shares ETF | -19.76% | 124.48% | -8.90% | -8.18% | 10.43% | -13.62% |
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | -3.71% | 33.03% | 21.80% | 13.24% | -2.42% | -5.53% |
Correlation
The correlation between PPLT and BGLD is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.48 |
The correlation between PPLT and BGLD has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
PPLT vs. BGLD — Risk / Return Rank
PPLT
BGLD
PPLT vs. BGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Platinum Shares ETF (PPLT) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). 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 | BGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.70 | -0.03 |
| Martin ratioReturn relative to average drawdown | 1.48 | 1.96 | -0.48 |
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Drawdowns
PPLT vs. BGLD - Drawdown Comparison
The maximum PPLT drawdown since its inception was -70.73%, which is greater than BGLD's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for PPLT and BGLD.
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Drawdown Indicators
| PPLT | BGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -16.19% | -54.54% |
Max Drawdown (1Y)Largest decline over 1 year | -40.69% | -11.42% | -29.27% |
Max Drawdown (3Y)Largest decline over 3 years | -40.69% | -11.42% | -29.27% |
Max Drawdown (5Y)Largest decline over 5 years | -40.69% | -15.42% | -25.27% |
Max Drawdown (10Y)Largest decline over 10 years | -51.14% | — | — |
Current DrawdownCurrent decline from peak | -40.69% | -10.95% | -29.74% |
Average DrawdownAverage peak-to-trough decline | -39.93% | -3.69% | -36.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.34% | 4.07% | +14.27% |
Volatility
PPLT vs. BGLD - Volatility Comparison
abrdn Physical Platinum Shares ETF (PPLT) has a higher volatility of 11.41% compared to FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) at 4.56%. This indicates that PPLT's price experiences larger fluctuations and is considered to be riskier than BGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPLT | BGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | 4.56% | +6.85% |
Volatility (6M)Calculated over the trailing 6-month period | 45.28% | 10.79% | +34.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.70% | 12.55% | +38.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.68% | 10.13% | +22.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.18% | 10.02% | +19.16% |
PPLT vs. BGLD - Expense Ratio Comparison
PPLT has a 0.60% expense ratio, which is lower than BGLD's 0.91% expense ratio.
Dividends
PPLT vs. BGLD - Dividend Comparison
PPLT has not paid dividends to shareholders, while BGLD's dividend yield for the trailing twelve months is around 46.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 46.03% | 44.32% | 25.04% | 10.49% | 0.40% |
PPLT abrdn Physical Platinum Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPLT and BGLD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPLT has higher volatility (11.41%) compared to BGLD (4.56%). In terms of maximum drawdown, PPLT dropped -70.73% vs BGLD's -16.19%.
On 5-year performance, BGLD leads with 10.99% vs 7.90% for PPLT. On fees, PPLT is cheaper at 0.60% per year. On volatility, BGLD has been the lower-risk option at 4.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BGLD has performed better with a 10.99% return vs 7.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PPLT is cheaper with a 0.60% expense ratio, compared with 0.91% for BGLD.
BGLD has the higher dividend yield at 46.03%, compared with 0.00% for PPLT.
PPLT is categorized as Precious Metals, while BGLD is Defined Outcome. They also come from different issuers: abrdn and FT Vest. Their fees differ too: 0.60% for PPLT and 0.91% for BGLD.
BGLD currently has the higher Sharpe Ratio (0.64 vs 0.54), 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.
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