PPLT vs. SLVO
PPLT (Aberdeen Standard Physical Platinum Shares ETF) and SLVO (UBS ETRACS Silver Shares Covered Call ETN) are both exchange-traded funds - PPLT is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while SLVO is a Silver fund tracking the Credit Suisse NASDAQ Silver FLOWS 106 Index. Both are passively managed. Over the past year, PPLT returned 71.46% vs 62.53% for SLVO. A 0.65 correlation means they provide meaningful diversification when combined. PPLT charges 0.60%/yr vs 0.65%/yr for SLVO.
Performance
PPLT vs. SLVO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PPLT achieves a -9.46% return, which is significantly lower than SLVO's 13.49% 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%
SLVO
- 1D
- -1.17%
- 1M
- 4.05%
- YTD
- 13.49%
- 6M
- 17.86%
- 1Y
- 62.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPLT vs. SLVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PPLT Aberdeen Standard Physical Platinum Shares ETF | -9.46% | 124.48% | -11.18% |
SLVO UBS ETRACS Silver Shares Covered Call ETN | 13.49% | 71.20% | 1.24% |
Correlation
The correlation between PPLT and SLVO is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.65 |
The correlation between PPLT and SLVO has been stable across timeframes, ranging from 0.65 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PPLT vs. SLVO — Risk / Return Rank
PPLT
SLVO
PPLT vs. SLVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Platinum Shares ETF (PPLT) and UBS ETRACS Silver Shares Covered Call ETN (SLVO). 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 | SLVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.65 | -1.56 |
| Martin ratioReturn relative to average drawdown | 4.41 | 15.01 | -10.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PPLT | SLVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.13 | -0.71 |
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 | 1.61 | -1.59 |
Drawdowns
PPLT vs. SLVO - Drawdown Comparison
The maximum PPLT drawdown since its inception was -70.73%, which is greater than SLVO's maximum drawdown of -17.23%. Use the drawdown chart below to compare losses from any high point for PPLT and SLVO.
Loading charts...
Drawdown Indicators
| PPLT | SLVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -17.23% | -53.50% |
Max Drawdown (1Y)Largest decline over 1 year | -34.41% | -17.23% | -17.18% |
Max Drawdown (3Y)Largest decline over 3 years | -34.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.14% | — | — |
Current DrawdownCurrent decline from peak | -33.08% | -3.22% | -29.86% |
Average DrawdownAverage peak-to-trough decline | -39.95% | -3.13% | -36.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.24% | 4.18% | +12.06% |
Volatility
PPLT vs. SLVO - Volatility Comparison
Aberdeen Standard Physical Platinum Shares ETF (PPLT) has a higher volatility of 11.22% compared to UBS ETRACS Silver Shares Covered Call ETN (SLVO) at 6.39%. This indicates that PPLT's price experiences larger fluctuations and is considered to be riskier than SLVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPLT | SLVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.22% | 6.39% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 44.68% | 27.33% | +17.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.72% | 29.53% | +21.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.49% | 25.23% | +7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.00% | 25.23% | +3.77% |
PPLT vs. SLVO - Expense Ratio Comparison
PPLT has a 0.60% expense ratio, which is lower than SLVO's 0.65% expense ratio.
Dividends
PPLT vs. SLVO - Dividend Comparison
PPLT has not paid dividends to shareholders, while SLVO's dividend yield for the trailing twelve months is around 46.44%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PPLT Aberdeen Standard Physical Platinum Shares ETF | 0.00% | 0.00% | 0.00% |
SLVO UBS ETRACS Silver Shares Covered Call ETN | 46.44% | 19.35% | 14.45% |
Frequently Asked Questions
PPLT and SLVO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPLT has higher volatility (11.22%) compared to SLVO (6.39%). In terms of maximum drawdown, PPLT dropped -70.73% vs SLVO's -17.23%.
On 1-year performance, PPLT leads with 71.46% vs 62.53% for SLVO. On fees, PPLT is cheaper at 0.60% per year. On volatility, SLVO has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PPLT has performed better with a 71.46% return vs 62.53%. 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 0.65% for SLVO.
SLVO has the higher dividend yield at 46.44%, compared with 0.00% for PPLT.
PPLT is categorized as Precious Metals, while SLVO is Silver. PPLT tracks Platinum London PM Fix ($/ozt), while SLVO tracks Credit Suisse NASDAQ Silver FLOWS 106 Index. They also come from different issuers: Aberdeen and UBS. Their fees differ too: 0.60% for PPLT and 0.65% for SLVO.
SLVO currently has the higher Sharpe Ratio (2.13 vs 1.42), 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.
Find the right allocation for PPLT and SLVO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer