PPLT vs. DGZ
PPLT (abrdn Physical Platinum Shares ETF) and DGZ (DB Gold Short Exchange Traded Notes) are both exchange-traded funds - PPLT is a Precious Metals fund tracking the LBMA Platinum Price PM, while DGZ is a Inverse Commodities fund tracking the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%). Both are passively managed. Over the past 10 years, PPLT returned 2.98%/yr vs -7.86%/yr for DGZ. Their -0.48 correlation means they have often moved in opposite directions in the past. PPLT charges 0.60%/yr vs 0.75%/yr for DGZ.
Performance
PPLT vs. DGZ - Performance Comparison
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Returns By Period
In the year-to-date period, PPLT achieves a -20.83% return, which is significantly lower than DGZ's 4.59% return. Over the past 10 years, PPLT has outperformed DGZ with an annualized return of 2.98%, while DGZ has yielded a comparatively lower -7.86% annualized return.
PPLT
- 1D
- -1.34%
- 1M
- 0.27%
- 6M
- -24.17%
- YTD
- -20.83%
- 1Y
- 22.95%
- 3Y*
- 20.12%
- 5Y*
- 9.09%
- 10Y*
- 2.98%
- ALL TIME*
- -0.41%
DGZ
- 1D
- 3.09%
- 1M
- -8.83%
- 6M
- -0.09%
- YTD
- 4.59%
- 1Y
- -13.13%
- 3Y*
- -16.81%
- 5Y*
- -10.41%
- 10Y*
- -7.86%
- ALL TIME*
- -7.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.92K | $33.16K | $42.03K | |
| $23.87M | $27.98M | $37.99M |
PPLT vs. DGZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPLT abrdn Physical Platinum Shares ETF | -20.83% | 124.48% | -8.90% | -8.18% | 10.43% | -10.75% | 10.78% | 20.85% | -14.95% | 2.38% |
DGZ DB Gold Short Exchange Traded Notes | 4.59% | -32.55% | -16.46% | -4.75% | 4.93% | 1.53% | -20.80% | -13.42% | 4.88% | -11.36% |
Correlation
The correlation between PPLT and DGZ is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2010 | -0.48 |
Over the past year, the inverse relationship between PPLT and DGZ has weakened: their correlation has moved from -0.48 to -0.23, meaning they move in opposite directions less often than they have historically.
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Return for Risk
PPLT vs. DGZ — Risk / Return Rank
PPLT
DGZ
PPLT vs. DGZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Platinum Shares ETF (PPLT) and DB Gold Short Exchange Traded Notes (DGZ). 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 | DGZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.03 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | -0.36 | +0.89 |
| Martin ratioReturn relative to average drawdown | 1.01 | -0.64 | +1.64 |
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Drawdowns
PPLT vs. DGZ - Drawdown Comparison
The maximum PPLT drawdown since its inception was -70.73%, smaller than the maximum DGZ drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for PPLT and DGZ.
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Drawdown Indicators
| PPLT | DGZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -86.32% | +15.59% |
Max Drawdown (1Y)Largest decline over 1 year | -43.98% | -36.14% | -7.84% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -59.54% | +15.56% |
Max Drawdown (5Y)Largest decline over 5 years | -43.98% | -61.54% | +17.56% |
Max Drawdown (10Y)Largest decline over 10 years | -51.14% | -71.49% | +20.35% |
Current DrawdownCurrent decline from peak | -41.49% | -82.08% | +40.59% |
Average DrawdownAverage peak-to-trough decline | -39.95% | -57.94% | +17.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.88% | 20.60% | +2.28% |
Volatility
PPLT vs. DGZ - Volatility Comparison
The current volatility for abrdn Physical Platinum Shares ETF (PPLT) is 8.56%, while DB Gold Short Exchange Traded Notes (DGZ) has a volatility of 20.11%. This indicates that PPLT experiences smaller price fluctuations and is considered to be less risky than DGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPLT | DGZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.56% | 20.11% | -11.55% |
Volatility (6M)Calculated over the trailing 6-month period | 32.25% | 59.60% | -27.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.84% | 72.10% | -22.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.85% | 37.63% | -4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.29% | 28.87% | +0.42% |
PPLT vs. DGZ - Expense Ratio Comparison
PPLT has a 0.60% expense ratio, which is lower than DGZ's 0.75% expense ratio.
Dividends
PPLT vs. DGZ - Dividend Comparison
Neither PPLT nor DGZ has paid dividends to shareholders.
Frequently Asked Questions
PPLT and DGZ have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGZ has higher volatility (20.11%) compared to PPLT (8.56%). In terms of maximum drawdown, PPLT dropped -70.73% vs DGZ's -86.32%.
On 10-year performance, PPLT leads with 2.98% vs -7.86% for DGZ. On fees, PPLT is cheaper at 0.60% per year. On volatility, PPLT has been the lower-risk option at 8.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PPLT has performed better with a 2.98% return vs -7.86%. 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 0.75% for DGZ.
PPLT and DGZ have nearly identical dividend yields, around 0.00%.
PPLT is categorized as Precious Metals, while DGZ is Inverse Commodities. PPLT tracks LBMA Platinum Price PM, while DGZ tracks Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return (-100%). They also come from different issuers: abrdn and Deutsche Bank. Their fees differ too: 0.60% for PPLT and 0.75% for DGZ.
PPLT currently has the higher Sharpe Ratio (0.46 vs -0.18), 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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