PPLT vs. SPPP

Last updated Jun 3, 2026

PPLT (Aberdeen Standard Physical Platinum Shares ETF) and SPPP (Sprott Physical Platinum and Palladium Trust) are both Precious Metals funds. PPLT is passively managed, while SPPP is actively managed. Over the past 10 years, PPLT returned 6.37%/yr vs 8.99%/yr for SPPP. A 0.72 correlation means they provide meaningful diversification when combined. PPLT charges 0.60%/yr vs 1.02%/yr for SPPP.

Performance

PPLT vs. SPPP - Performance Comparison

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

Returns By Period

In the year-to-date period, PPLT achieves a -5.97% return, which is significantly higher than SPPP's -10.69% return. Over the past 10 years, PPLT has underperformed SPPP with an annualized return of 6.37%, while SPPP has yielded a comparatively higher 8.99% annualized return.

PPLT

• 1D: 0.46%
• 1M: -2.62%
• YTD: -5.97%
• 6M: 17.10%
• 1Y: 79.78%
• 3Y*: 23.67%
• 5Y*: 10.01%
• 10Y*: 6.37%

SPPP

• 1D: 0.94%
• 1M: -5.11%
• YTD: -10.69%
• 6M: 2.45%
• 1Y: 45.88%
• 3Y*: 7.08%
• 5Y*: -5.70%
• 10Y*: 8.99%

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

PPLT vs. SPPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPLT Aberdeen Standard Physical Platinum Shares ETF	-5.97%	124.48%	-8.90%	-8.18%	10.43%	-10.75%	10.78%	20.85%	-14.95%	2.38%
SPPP Sprott Physical Platinum and Palladium Trust	-10.69%	89.43%	-11.89%	-25.86%	-2.37%	-21.77%	23.84%	46.00%	5.53%	35.36%

Correlation

The correlation between PPLT and SPPP is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012	0.72

Over the past year, PPLT and SPPP have become more correlated (0.94) than their long-term average of 0.72, meaning their price movements have been converging.

Return for Risk

PPLT vs. SPPP — Risk / Return Rank

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

PPLT

PPLT Risk / Return Rank: 41
PPLT Sharpe Ratio Rank: 45
PPLT Sortino Ratio Rank: 37
PPLT Omega Ratio Rank: 43
PPLT Calmar Ratio Rank: 47
PPLT Martin Ratio Rank: 33

SPPP

SPPP Risk / Return Rank: 26
SPPP Sharpe Ratio Rank: 25
SPPP Sortino Ratio Rank: 25
SPPP Omega Ratio Rank: 29
SPPP Calmar Ratio Rank: 26
SPPP Martin Ratio Rank: 22

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. SPPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Platinum Shares ETF (PPLT) and Sprott Physical Platinum and Palladium Trust (SPPP). 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	SPPP	Difference
Sharpe ratio Return per unit of total volatility	1.59	0.91	+0.68
Sortino ratio Return per unit of downside risk	1.94	1.36	+0.58
Omega ratio Gain probability vs. loss probability	1.28	1.20	+0.09
Calmar ratio Return relative to maximum drawdown	2.36	1.28	+1.08
Martin ratio Return relative to average drawdown	5.04	2.74	+2.30
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. SPPP - Sharpe Ratio Comparison

The current PPLT Sharpe Ratio is 1.59, which is higher than the SPPP Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of PPLT and SPPP, 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	SPPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	0.91	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	-0.16	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.27	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.10	-0.08

Drawdowns

PPLT vs. SPPP - Drawdown Comparison

The maximum PPLT drawdown since its inception was -70.73%, which is greater than SPPP's maximum drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for PPLT and SPPP.

Drawdown Indicators

	PPLT	SPPP	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-59.09%	-11.64%
Max Drawdown (1Y) Largest decline over 1 year	-34.41%	-37.42%	+3.01%
Max Drawdown (3Y) Largest decline over 3 years	-34.41%	-37.42%	+3.01%
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	-58.50%	+24.09%
Max Drawdown (10Y) Largest decline over 10 years	-51.14%	-59.09%	+7.95%
Current Drawdown Current decline from peak	-30.51%	-33.39%	+2.88%
Average Drawdown Average peak-to-trough decline	-39.95%	-26.47%	-13.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.10%	17.45%	-1.35%

Volatility

PPLT vs. SPPP - Volatility Comparison

Aberdeen Standard Physical Platinum Shares ETF (PPLT) has a higher volatility of 10.78% compared to Sprott Physical Platinum and Palladium Trust (SPPP) at 10.26%. This indicates that PPLT's price experiences larger fluctuations and is considered to be riskier than SPPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPLT	SPPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.78%	10.26%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	44.52%	45.34%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	50.57%	50.80%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.46%	34.84%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.98%	33.08%	-4.10%

PPLT vs. SPPP - Expense Ratio Comparison

PPLT has a 0.60% expense ratio, which is lower than SPPP's 1.02% expense ratio.

Dividends

PPLT vs. SPPP - Dividend Comparison

Neither PPLT nor SPPP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PPLT and SPPP in my portfolio?

With a correlation of 0.94, PPLT and SPPP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PPLT or SPPP?

PPLT has higher volatility (10.78%) compared to SPPP (10.26%). In terms of maximum drawdown, PPLT dropped -70.73% vs SPPP's -59.09%.

Which ETF is better, PPLT or SPPP?

On 10-year performance, SPPP leads with 8.99% vs 6.37% for PPLT. On fees, PPLT is cheaper at 0.60% per year. On volatility, SPPP has been the lower-risk option at 10.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPLT or SPPP?

Over the 10-year period, SPPP has performed better with a 8.99% return vs 6.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPLT or SPPP?

PPLT is cheaper with a 0.60% expense ratio, compared with 1.02% for SPPP.

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

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

What is the main difference between PPLT and SPPP?

They also come from different issuers: Aberdeen and Sprott. Their fees differ too: 0.60% for PPLT and 1.02% for SPPP.

Which has better risk-adjusted returns?

PPLT currently has the higher Sharpe Ratio (1.59 vs 0.91), 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.