PSPFX vs. SPPP

Last updated Aug 4, 2026

PSPFX (U.S. Global Investors Global Resources Fund) and SPPP (Sprott Physical Platinum and Palladium Trust) are both funds - PSPFX is a Energy Equities fund managed by US Global, while SPPP is a Precious Metals fund actively managed by Sprott. Over the past 10 years, PSPFX returned 6.84%/yr vs 5.28%/yr for SPPP. Their 0.45 correlation means their historical movements had little consistent relationship. PSPFX charges 1.54%/yr vs 0.73%/yr for SPPP.

Performance

PSPFX vs. SPPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Investors Global Resources Fund (PSPFX) 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, PSPFX achieves a -5.92% return, which is significantly higher than SPPP's -21.85% return. Over the past 10 years, PSPFX has outperformed SPPP with an annualized return of 6.84%, while SPPP has yielded a comparatively lower 5.28% annualized return.

PSPFX

• 1D: -1.14%
• 1M: -2.91%
• 6M: -11.85%
• YTD: -5.92%
• 1Y: 46.05%
• 3Y*: 14.21%
• 5Y*: 6.52%
• 10Y*: 6.84%
• ALL TIME*: 3.99%

SPPP

• 1D: -1.86%
• 1M: 1.00%
• 6M: -23.49%
• YTD: -21.85%
• 1Y: 9.12%
• 3Y*: 6.03%
• 5Y*: -6.05%
• 10Y*: 5.28%
• ALL TIME*: 2.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PSPFX U.S. Global Investors Global Resources Fund	$0.00	$0.00	$0.00
SPPP Sprott Physical Platinum and Palladium Trust	$7.14M	$7.27M	$7.54M

PSPFX vs. SPPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSPFX U.S. Global Investors Global Resources Fund	-5.92%	80.27%	-3.74%	-7.67%	-12.39%	13.97%	37.05%	7.80%	-24.97%	19.62%
SPPP Sprott Physical Platinum and Palladium Trust	-21.85%	89.43%	-11.89%	-25.86%	-2.37%	-21.77%	23.84%	46.00%	5.53%	35.36%

Correlation

The correlation between PSPFX and SPPP is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.53
Correlation (5Y) Shows whether the relationship held over a longer period.	0.53
Correlation (10Y) Provides a long-term view across more market conditions.	0.47
Correlation (All Time) Calculated using the full available price history since Dec 19, 2012	0.45

The correlation between PSPFX and SPPP shifts across timeframes, from 0.45 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PSPFX vs. SPPP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSPFX

PSPFX Risk / Return Rank: 45
PSPFX Sharpe Ratio Rank: 57
PSPFX Sortino Ratio Rank: 44
PSPFX Omega Ratio Rank: 50
PSPFX Calmar Ratio Rank: 44
PSPFX Martin Ratio Rank: 30

SPPP

SPPP Risk / Return Rank: 16
SPPP Sharpe Ratio Rank: 14
SPPP Sortino Ratio Rank: 18
SPPP Omega Ratio Rank: 19
SPPP Calmar Ratio Rank: 14
SPPP Martin Ratio Rank: 14

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSPFX vs. SPPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Investors Global Resources Fund (PSPFX) 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.

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.

	PSPFX	SPPP	Difference
Sharpe ratio: Return per unit of total volatility	1.55	0.18	+1.38
Sortino ratio: Return per unit of downside risk	1.99	0.58	+1.41
Omega ratio: Gain probability vs. loss probability	1.27	1.08	+0.19
Calmar ratio: Return relative to maximum drawdown	1.86	0.20	+1.66
Martin ratio: Return relative to average drawdown	4.82	0.38	+4.44

PSPFX vs. SPPP - Sharpe Ratio Comparison

The current PSPFX Sharpe Ratio is 1.55, which is higher than the SPPP Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of PSPFX 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.

Drawdowns

PSPFX vs. SPPP - Drawdown Comparison

The maximum PSPFX drawdown since its inception was -79.09%, which is greater than SPPP's maximum drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for PSPFX and SPPP.

Drawdown Indicators

	PSPFX	SPPP	Difference
Max Drawdown Largest peak-to-trough decline	-79.09%	-59.09%	-20.00%
Max Drawdown (1Y) Largest decline over 1 year	-24.31%	-45.66%	+21.35%
Max Drawdown (3Y) Largest decline over 3 years	-24.31%	-45.66%	+21.35%
Max Drawdown (5Y) Largest decline over 5 years	-39.15%	-58.50%	+19.35%
Max Drawdown (10Y) Largest decline over 10 years	-56.80%	-59.09%	+2.29%
Current Drawdown Current decline from peak	-24.69%	-41.72%	+17.03%
Average Drawdown Average peak-to-trough decline	-42.42%	-26.65%	-15.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.37%	24.13%	-14.76%

Volatility

PSPFX vs. SPPP - Volatility Comparison

The current volatility for U.S. Global Investors Global Resources Fund (PSPFX) is 6.50%, while Sprott Physical Platinum and Palladium Trust (SPPP) has a volatility of 9.98%. This indicates that PSPFX experiences smaller price fluctuations and is considered to be less risky than SPPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSPFX	SPPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	9.98%	-3.48%
Volatility (6M) Calculated over the trailing 6-month period	23.89%	33.30%	-9.41%
Volatility (1Y) Calculated over the trailing 1-year period	29.10%	51.34%	-22.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.37%	35.28%	-11.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	33.41%	-11.36%

PSPFX vs. SPPP - Expense Ratio Comparison

PSPFX has a 1.54% expense ratio, which is higher than SPPP's 0.73% expense ratio.

Dividends

PSPFX vs. SPPP - Dividend Comparison

PSPFX's dividend yield for the trailing twelve months is around 48.26%, while SPPP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSPFX U.S. Global Investors Global Resources Fund	48.26%	0.83%	4.34%	0.00%	15.68%	18.92%	5.49%	1.90%	4.70%	3.01%	3.33%	1.12%
SPPP Sprott Physical Platinum and Palladium Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSPFX and SPPP in my portfolio?

PSPFX and SPPP have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSPFX or SPPP?

SPPP has higher volatility (9.98%) compared to PSPFX (6.50%). In terms of maximum drawdown, PSPFX dropped -79.09% vs SPPP's -59.09%.

Which has better risk-adjusted returns?

PSPFX currently has the higher Sharpe Ratio (1.55 vs 0.18), 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.