PPLT vs. PDBC

Last updated Apr 2, 2026

Compare and contrast key facts about Aberdeen Standard Physical Platinum Shares ETF (PPLT) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).

PPLT and PDBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPLT is a passively managed fund by Aberdeen that tracks the performance of the Platinum London PM Fix ($/ozt). It was launched on Jan 8, 2010. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.

Performance

PPLT vs. PDBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Platinum Shares ETF (PPLT) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). The values are adjusted to include any dividend payments, if applicable.

PPLT vs. PDBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPLT Aberdeen Standard Physical Platinum Shares ETF	-4.29%	124.48%	-8.90%	-8.18%	10.43%	-10.75%	10.78%	20.85%	-14.95%	2.38%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	29.06%	5.96%	2.09%	-6.25%	19.23%	41.72%	-7.84%	11.44%	-12.78%	5.06%

Returns By Period

In the year-to-date period, PPLT achieves a -4.29% return, which is significantly lower than PDBC's 29.06% return. Over the past 10 years, PPLT has underperformed PDBC with an annualized return of 6.82%, while PDBC has yielded a comparatively higher 9.72% annualized return.

PPLT

• 1D: 0.12%
• 1M: -14.94%
• YTD: -4.29%
• 6M: 25.60%
• 1Y: 98.09%
• 3Y*: 24.74%
• 5Y*: 9.46%
• 10Y*: 6.82%

PDBC

• 1D: -1.27%
• 1M: 11.33%
• YTD: 29.06%
• 6M: 32.46%
• 1Y: 30.13%
• 3Y*: 10.80%
• 5Y*: 14.00%
• 10Y*: 9.72%

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

PPLT vs. PDBC - Expense Ratio Comparison

PPLT has a 0.60% expense ratio, which is higher than PDBC's 0.58% expense ratio.

PPLT

Aberdeen Standard Physical Platinum Shares ETF

PDBC

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Return for Risk

PPLT vs. PDBC — Risk / Return Rank

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

PPLT

PPLT Risk / Return Rank: 84
PPLT Sharpe Ratio Rank: 90
PPLT Sortino Ratio Rank: 83
PPLT Omega Ratio Rank: 85
PPLT Calmar Ratio Rank: 86
PPLT Martin Ratio Rank: 75

PDBC

PDBC Risk / Return Rank: 78
PDBC Sharpe Ratio Rank: 82
PDBC Sortino Ratio Rank: 81
PDBC Omega Ratio Rank: 75
PDBC Calmar Ratio Rank: 86
PDBC Martin Ratio Rank: 65

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. PDBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Platinum Shares ETF (PPLT) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). 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	PDBC	Difference
Sharpe ratio Return per unit of total volatility	2.01	1.62	+0.39
Sortino ratio Return per unit of downside risk	2.25	2.19	+0.06
Omega ratio Gain probability vs. loss probability	1.35	1.29	+0.05
Calmar ratio Return relative to maximum drawdown	2.77	2.74	+0.03
Martin ratio Return relative to average drawdown	8.31	6.73	+1.57
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. PDBC - Sharpe Ratio Comparison

The current PPLT Sharpe Ratio is 2.01, which is comparable to the PDBC Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of PPLT and PDBC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PPLT	PDBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.62	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.74	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.55	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.21	-0.18

Correlation

The correlation between PPLT and PDBC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PPLT vs. PDBC - Dividend Comparison

PPLT has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 2.97%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PPLT Aberdeen Standard Physical Platinum Shares ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	2.97%	3.84%	4.42%	4.21%	13.05%	50.83%	0.01%	1.40%	1.00%	3.83%	6.51%

Drawdowns

PPLT vs. PDBC - Drawdown Comparison

The maximum PPLT drawdown since its inception was -70.73%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for PPLT and PDBC.

Drawdown Indicators

	PPLT	PDBC	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-49.52%	-21.21%
Max Drawdown (1Y) Largest decline over 1 year	-34.41%	-11.07%	-23.34%
Max Drawdown (5Y) Largest decline over 5 years	-34.74%	-27.63%	-7.11%
Max Drawdown (10Y) Largest decline over 10 years	-51.14%	-40.73%	-10.41%
Current Drawdown Current decline from peak	-29.26%	-2.29%	-26.97%
Average Drawdown Average peak-to-trough decline	-40.08%	-23.53%	-16.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.47%	4.50%	+6.97%

Volatility

PPLT vs. PDBC - Volatility Comparison

Aberdeen Standard Physical Platinum Shares ETF (PPLT) has a higher volatility of 13.24% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 8.36%. This indicates that PPLT's price experiences larger fluctuations and is considered to be riskier than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPLT	PDBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.24%	8.36%	+4.88%
Volatility (6M) Calculated over the trailing 6-month period	44.59%	13.95%	+30.64%
Volatility (1Y) Calculated over the trailing 1-year period	49.12%	18.73%	+30.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.02%	18.92%	+13.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	17.69%	+11.03%