PPLT vs. FGDL

Last updated Jun 4, 2026

PPLT (Aberdeen Standard Physical Platinum Shares ETF) and FGDL (Franklin Responsibly Sourced Gold ETF) are both Precious Metals funds - PPLT tracks the Platinum London PM Fix ($/ozt) while FGDL tracks the LBMA Gold Price PM ($/ozt). Both are passively managed. Over the past 3 years, PPLT returned 22.13%/yr vs 31.32%/yr for FGDL. A 0.55 correlation means they provide meaningful diversification when combined. PPLT charges 0.60%/yr vs 0.15%/yr for FGDL.

Performance

PPLT vs. FGDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Platinum Shares ETF (PPLT) and Franklin Responsibly Sourced Gold ETF (FGDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPLT achieves a -9.46% return, which is significantly lower than FGDL's 2.43% return.

PPLT

• 1D: -3.71%
• 1M: -4.22%
• YTD: -9.46%
• 6M: 11.32%
• 1Y: 71.46%
• 3Y*: 22.13%
• 5Y*: 9.07%
• 10Y*: 5.97%

FGDL

• 1D: -1.09%
• 1M: -1.94%
• YTD: 2.43%
• 6M: 4.89%
• 1Y: 31.70%
• 3Y*: 31.32%
• 5Y*: —
• 10Y*: —

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

PPLT vs. FGDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PPLT Aberdeen Standard Physical Platinum Shares ETF	-9.46%	124.48%	-8.90%	-8.18%	19.47%
FGDL Franklin Responsibly Sourced Gold ETF	2.43%	64.15%	27.31%	12.92%	0.91%

Correlation

The correlation between PPLT and FGDL is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022	0.55

The correlation between PPLT and FGDL has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.

Return for Risk

PPLT vs. FGDL — Risk / Return Rank

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

PPLT

PPLT Risk / Return Rank: 36
PPLT Sharpe Ratio Rank: 39
PPLT Sortino Ratio Rank: 33
PPLT Omega Ratio Rank: 39
PPLT Calmar Ratio Rank: 42
PPLT Martin Ratio Rank: 29

FGDL

FGDL Risk / Return Rank: 31
FGDL Sharpe Ratio Rank: 32
FGDL Sortino Ratio Rank: 29
FGDL Omega Ratio Rank: 35
FGDL Calmar Ratio Rank: 33
FGDL Martin Ratio Rank: 28

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.

PPLT vs. FGDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Platinum Shares ETF (PPLT) and Franklin Responsibly Sourced Gold ETF (FGDL). 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.

	PPLT	FGDL	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.19	+0.23
Sortino ratio: Return per unit of downside risk	1.81	1.57	+0.23
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	2.09	1.66	+0.43
Martin ratio: Return relative to average drawdown	4.41	4.03	+0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPLT vs. FGDL - Sharpe Ratio Comparison

The current PPLT Sharpe Ratio is 1.42, which is comparable to the FGDL Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of PPLT and FGDL, 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

	PPLT	FGDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	1.19	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	1.35	-1.33

Drawdowns

PPLT vs. FGDL - Drawdown Comparison

The maximum PPLT drawdown since its inception was -70.73%, which is greater than FGDL's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for PPLT and FGDL.

Drawdown Indicators

	PPLT	FGDL	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-19.23%	-51.50%
Max Drawdown (1Y) Largest decline over 1 year	-34.41%	-19.23%	-15.18%
Max Drawdown (3Y) Largest decline over 3 years	-34.41%	-19.23%	-15.18%
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.14%	—	—
Current Drawdown Current decline from peak	-33.08%	-18.16%	-14.92%
Average Drawdown Average peak-to-trough decline	-39.95%	-3.83%	-36.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.24%	7.88%	+8.36%

Volatility

PPLT vs. FGDL - Volatility Comparison

Aberdeen Standard Physical Platinum Shares ETF (PPLT) has a higher volatility of 11.22% compared to Franklin Responsibly Sourced Gold ETF (FGDL) at 5.61%. This indicates that PPLT's price experiences larger fluctuations and is considered to be riskier than FGDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPLT	FGDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.22%	5.61%	+5.61%
Volatility (6M) Calculated over the trailing 6-month period	44.68%	23.18%	+21.50%
Volatility (1Y) Calculated over the trailing 1-year period	50.72%	26.78%	+23.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.49%	19.03%	+13.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.00%	19.03%	+9.97%

PPLT vs. FGDL - Expense Ratio Comparison

PPLT has a 0.60% expense ratio, which is higher than FGDL's 0.15% expense ratio.

Dividends

PPLT vs. FGDL - Dividend Comparison

Neither PPLT nor FGDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PPLT and FGDL in my portfolio?

PPLT and FGDL have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPLT or FGDL?

PPLT has higher volatility (11.22%) compared to FGDL (5.61%). In terms of maximum drawdown, PPLT dropped -70.73% vs FGDL's -19.23%.

Which ETF is better, PPLT or FGDL?

On 3-year performance, FGDL leads with 31.32% vs 22.13% for PPLT. On fees, FGDL is cheaper at 0.15% per year. On volatility, FGDL has been the lower-risk option at 5.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPLT or FGDL?

Over the 3-year period, FGDL has performed better with a 31.32% return vs 22.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPLT or FGDL?

FGDL is cheaper with a 0.15% expense ratio, compared with 0.60% for PPLT.

Which ETF pays a higher dividend yield, PPLT or FGDL?

PPLT and FGDL have nearly identical dividend yields, around 0.00%.

What is the main difference between PPLT and FGDL?

PPLT tracks Platinum London PM Fix ($/ozt), while FGDL tracks LBMA Gold Price PM ($/ozt). They also come from different issuers: Aberdeen and Franklin Templeton. Their fees differ too: 0.60% for PPLT and 0.15% for FGDL.

Which has better risk-adjusted returns?

PPLT currently has the higher Sharpe Ratio (1.42 vs 1.19), 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.