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PPLT vs. TLT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PPLT vs. TLT

Last updated Jun 4, 2026

PPLT (Aberdeen Standard Physical Platinum Shares ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - PPLT is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, PPLT returned 5.97%/yr vs -1.66%/yr for TLT. At a 0.01 correlation, their price movements are largely independent. PPLT charges 0.60%/yr vs 0.15%/yr for TLT.

Performance

PPLT vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Platinum Shares ETF (PPLT) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PPLT achieves a -9.46% return, which is significantly lower than TLT's -0.27% return. Over the past 10 years, PPLT has outperformed TLT with an annualized return of 5.97%, while TLT has yielded a comparatively lower -1.66% annualized 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%

TLT

1D
-0.40%
1M
0.81%
YTD
-0.27%
6M
-2.02%
1Y
4.93%
3Y*
-1.80%
5Y*
-6.31%
10Y*
-1.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PPLT vs. TLT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PPLT
Aberdeen Standard Physical Platinum Shares ETF		-9.46%124.48%-8.90%-8.18%10.43%-10.75%10.78%20.85%-14.95%2.38%
TLT
iShares 20+ Year Treasury Bond ETF		-0.27%4.25%-8.05%2.77%-31.23%-4.60%18.15%14.12%-1.61%9.18%

Correlation

The correlation between PPLT and TLT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2010

0.01

The correlation between PPLT and TLT shifts across timeframes, from 0.01 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.

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Aberdeen Standard Physical Platinum Shares ETF

iShares 20+ Year Treasury Bond ETF

Often compared with PPLT:
PPLT vs. PLTMPPLT vs. GLDPPLT vs. SPPP.LPPLT vs. SPLT.LPPLT vs. PL=FPPLT vs. SPPPPPLT vs. PDBC
Often compared with TLT:
TLT vs. SPYTLT vs. IEFTLT vs. TMFTLT vs. BNDTLT vs. VGLTTLT vs. TLTWTLT vs. EDV

Return for Risk

PPLT vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PPLT
PPLT Risk / Return Rank: 3636
Overall Rank
PPLT Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
PPLT Sortino Ratio Rank: 3333
Sortino Ratio Rank
PPLT Omega Ratio Rank: 3939
Omega Ratio Rank
PPLT Calmar Ratio Rank: 4242
Calmar Ratio Rank
PPLT Martin Ratio Rank: 2929
Martin Ratio Rank
TLT
TLT Risk / Return Rank: 1616
Overall Rank
TLT Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
TLT Sortino Ratio Rank: 1515
Sortino Ratio Rank
TLT Omega Ratio Rank: 1515
Omega Ratio Rank
TLT Calmar Ratio Rank: 1717
Calmar Ratio Rank
TLT Martin Ratio Rank: 1616
Martin Ratio Rank
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. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Platinum Shares ETF (PPLT) and iShares 20+ Year Treasury Bond ETF (TLT). 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.

PPLTTLTDifference
Sharpe ratioReturn per unit of total volatility
1.42
0.51

+0.91

Sortino ratioReturn per unit of downside risk
1.81
0.80

+1.01

Omega ratioGain probability vs. loss probability

1.26

1.09

+0.17

Calmar ratioReturn relative to maximum drawdown

2.09

0.65

+1.43

Martin ratioReturn relative to average drawdown

4.41

1.63

+2.79

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. TLT - Sharpe Ratio Comparison

The current PPLT Sharpe Ratio is 1.42, which is higher than the TLT Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of PPLT and TLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PPLTTLTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.42

0.51

+0.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

-0.40

+0.68

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.21

-0.11

+0.32

Sharpe Ratio (All Time)

Calculated using the full available price history

0.01

0.26

-0.24

Drawdowns

PPLT vs. TLT - Drawdown Comparison

The maximum PPLT drawdown since its inception was -70.73%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PPLT and TLT.

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Drawdown Indicators

PPLTTLTDifference

Max Drawdown

Largest peak-to-trough decline

-70.73%

-48.35%

-22.38%

Max Drawdown (1Y)

Largest decline over 1 year

-34.41%

-7.58%

-26.83%

Max Drawdown (3Y)

Largest decline over 3 years

-34.41%

-19.18%

-15.23%

Max Drawdown (5Y)

Largest decline over 5 years

-34.41%

-43.70%

+9.29%

Max Drawdown (10Y)

Largest decline over 10 years

-51.14%

-48.35%

-2.79%

Current Drawdown

Current decline from peak

-33.08%

-40.44%

+7.36%

Average Drawdown

Average peak-to-trough decline

-39.95%

-13.82%

-26.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.24%

3.04%

+13.20%

Volatility

PPLT vs. TLT - Volatility Comparison

Aberdeen Standard Physical Platinum Shares ETF (PPLT) has a higher volatility of 11.22% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.76%. This indicates that PPLT's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PPLTTLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.22%

2.76%

+8.46%

Volatility (6M)

Calculated over the trailing 6-month period

44.68%

6.50%

+38.18%

Volatility (1Y)

Calculated over the trailing 1-year period

50.72%

9.77%

+40.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.49%

15.87%

+16.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.00%

14.91%

+14.09%

PPLT vs. TLT - Expense Ratio Comparison

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

Dividends

PPLT vs. TLT - Dividend Comparison

PPLT has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.59%.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
TLT
iShares 20+ Year Treasury Bond ETF		4.59%4.43%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%

Frequently Asked Questions

PPLT and TLT have a correlation of 0.16, 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 TLT (2.76%). In terms of maximum drawdown, PPLT dropped -70.73% vs TLT's -48.35%.

On 10-year performance, PPLT leads with 5.97% vs -1.66% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.76%. 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 5.97% return vs -1.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

TLT has the higher dividend yield at 4.59%, compared with 0.00% for PPLT.

PPLT is categorized as Precious Metals, while TLT is Government Bonds. PPLT tracks Platinum London PM Fix ($/ozt), while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: Aberdeen and iShares. Their fees differ too: 0.60% for PPLT and 0.15% for TLT.

PPLT currently has the higher Sharpe Ratio (1.42 vs 0.51), 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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