PPLT vs. URNM
PPLT (Aberdeen Standard Physical Platinum Shares ETF) and URNM (Sprott Uranium Miners ETF) are both exchange-traded funds - PPLT is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while URNM is a Uranium fund tracking the VettaFi Global Uranium Miners Index. Both are passively managed. Over the past 5 years, PPLT returned 7.65%/yr vs 12.61%/yr for URNM. At a 0.36 correlation, their price movements are largely independent. PPLT charges 0.60%/yr vs 0.85%/yr for URNM.
Performance
PPLT vs. URNM - Performance Comparison
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Returns By Period
In the year-to-date period, PPLT achieves a -16.64% return, which is significantly lower than URNM's -0.56% return.
PPLT
- 1D
- -0.58%
- 1M
- -13.20%
- YTD
- -16.64%
- 6M
- -2.28%
- 1Y
- 38.74%
- 3Y*
- 19.71%
- 5Y*
- 7.65%
- 10Y*
- 5.17%
URNM
- 1D
- 0.53%
- 1M
- -9.26%
- YTD
- -0.56%
- 6M
- -0.53%
- 1Y
- 30.38%
- 3Y*
- 20.14%
- 5Y*
- 12.61%
- 10Y*
- —
PPLT vs. URNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PPLT Aberdeen Standard Physical Platinum Shares ETF | -16.64% | 124.48% | -8.90% | -8.18% | 10.43% | -10.75% | 10.78% | 6.04% |
URNM Sprott Uranium Miners ETF | -0.56% | 40.78% | -14.13% | 57.80% | -11.86% | 78.32% | 68.36% | 4.05% |
Correlation
The correlation between PPLT and URNM is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.36 |
The correlation between PPLT and URNM shifts across timeframes, from 0.35 (5 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PPLT vs. URNM — Risk / Return Rank
PPLT
URNM
PPLT vs. URNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Platinum Shares ETF (PPLT) and Sprott Uranium Miners ETF (URNM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PPLT | URNM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.82 | -0.02 |
| Martin ratioReturn relative to average drawdown | 1.84 | 2.00 | -0.16 |
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Drawdowns
PPLT vs. URNM - Drawdown Comparison
The maximum PPLT drawdown since its inception was -70.73%, which is greater than URNM's maximum drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for PPLT and URNM.
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Drawdown Indicators
| PPLT | URNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -50.78% | -19.95% |
Max Drawdown (1Y)Largest decline over 1 year | -40.02% | -38.72% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -40.02% | -50.78% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -40.02% | -50.78% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -51.14% | — | — |
Current DrawdownCurrent decline from peak | -38.39% | -35.02% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -39.94% | -18.09% | -21.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.37% | 15.78% | +1.59% |
Volatility
PPLT vs. URNM - Volatility Comparison
The current volatility for Aberdeen Standard Physical Platinum Shares ETF (PPLT) is 11.07%, while Sprott Uranium Miners ETF (URNM) has a volatility of 17.40%. This indicates that PPLT experiences smaller price fluctuations and is considered to be less risky than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPLT | URNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.07% | 17.40% | -6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 45.24% | 41.84% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.99% | 52.48% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.68% | 48.58% | -15.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.10% | 47.04% | -17.94% |
PPLT vs. URNM - Expense Ratio Comparison
PPLT has a 0.60% expense ratio, which is lower than URNM's 0.85% expense ratio.
Dividends
PPLT vs. URNM - Dividend Comparison
PPLT has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 3.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
PPLT Aberdeen Standard Physical Platinum Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URNM Sprott Uranium Miners ETF | 3.19% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% |
Frequently Asked Questions
PPLT and URNM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URNM has higher volatility (17.40%) compared to PPLT (11.07%). In terms of maximum drawdown, PPLT dropped -70.73% vs URNM's -50.78%.
On 5-year performance, URNM leads with 12.61% vs 7.65% for PPLT. On fees, PPLT is cheaper at 0.60% per year. On volatility, PPLT has been the lower-risk option at 11.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, URNM has performed better with a 12.61% return vs 7.65%. 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 0.85% for URNM.
URNM has the higher dividend yield at 3.19%, compared with 0.00% for PPLT.
PPLT is categorized as Precious Metals, while URNM is Uranium. PPLT tracks Platinum London PM Fix ($/ozt), while URNM tracks VettaFi Global Uranium Miners Index. They also come from different issuers: Aberdeen and Sprott. Their fees differ too: 0.60% for PPLT and 0.85% for URNM.
PPLT currently has the higher Sharpe Ratio (0.63 vs 0.60), 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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