SGBX.L vs. SPLT.L
SGBX.L (WisdomTree Physical Swiss Gold) and SPLT.L (iShares Physical Platinum ETC) are both Precious Metals funds - SGBX.L tracks the Gold while SPLT.L tracks the Platinum. Both are passively managed. Over the past 5 years, SGBX.L returned 19.84%/yr vs 11.07%/yr for SPLT.L. At a 0.45 correlation, their price movements are largely independent. SGBX.L charges 0.15%/yr vs 0.20%/yr for SPLT.L.
Performance
SGBX.L vs. SPLT.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGBX.L achieves a 3.86% return, which is significantly higher than SPLT.L's -5.28% return.
SGBX.L
- 1D
- 0.68%
- 1M
- -3.57%
- YTD
- 3.86%
- 6M
- 5.03%
- 1Y
- 34.31%
- 3Y*
- 28.08%
- 5Y*
- 19.84%
- 10Y*
- —
SPLT.L
- 1D
- 0.20%
- 1M
- -6.94%
- YTD
- -5.28%
- 6M
- 13.20%
- 1Y
- 67.55%
- 3Y*
- 18.81%
- 5Y*
- 11.07%
- 10Y*
- 7.15%
SGBX.L vs. SPLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGBX.L WisdomTree Physical Swiss Gold | 3.86% | 53.55% | 28.13% | 7.24% | 12.36% | -3.37% | 20.00% | 14.67% | 4.35% | -3.78% |
SPLT.L iShares Physical Platinum ETC | -5.28% | 104.63% | -8.37% | -10.78% | 23.96% | -10.18% | 7.04% | 17.70% | -9.90% | -14.72% |
Correlation
The correlation between SGBX.L and SPLT.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.45 |
The correlation between SGBX.L and SPLT.L shifts across timeframes, from 0.43 (5 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGBX.L vs. SPLT.L — Risk / Return Rank
SGBX.L
SPLT.L
SGBX.L vs. SPLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Swiss Gold (SGBX.L) and iShares Physical Platinum ETC (SPLT.L). 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.
| SGBX.L | SPLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.18 | -0.34 |
| Martin ratioReturn relative to average drawdown | 4.94 | 4.51 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGBX.L | SPLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.57 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.36 | +0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.05 | +0.85 |
Drawdowns
SGBX.L vs. SPLT.L - Drawdown Comparison
The maximum SGBX.L drawdown since its inception was -22.29%, smaller than the maximum SPLT.L drawdown of -58.05%. Use the drawdown chart below to compare losses from any high point for SGBX.L and SPLT.L.
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Drawdown Indicators
| SGBX.L | SPLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -58.05% | +35.76% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -33.87% | +15.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -33.87% | +15.80% |
Max Drawdown (5Y)Largest decline over 5 years | -18.07% | -33.87% | +15.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.00% | — |
Current DrawdownCurrent decline from peak | -16.26% | -32.43% | +16.17% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -34.19% | +28.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 16.41% | -9.65% |
Volatility
SGBX.L vs. SPLT.L - Volatility Comparison
The current volatility for WisdomTree Physical Swiss Gold (SGBX.L) is 5.08%, while iShares Physical Platinum ETC (SPLT.L) has a volatility of 10.95%. This indicates that SGBX.L experiences smaller price fluctuations and is considered to be less risky than SPLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGBX.L | SPLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 10.95% | -5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 19.94% | 41.59% | -21.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 47.08% | -23.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 30.48% | -14.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 27.92% | -12.75% |
SGBX.L vs. SPLT.L - Expense Ratio Comparison
SGBX.L has a 0.15% expense ratio, which is lower than SPLT.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SGBX.L vs. SPLT.L - Dividend Comparison
Neither SGBX.L nor SPLT.L has paid dividends to shareholders.
Frequently Asked Questions
SGBX.L and SPLT.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGBX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGBX.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPLT.L.
SGBX.L tracks Gold, while SPLT.L tracks Platinum. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for SGBX.L and 0.20% for SPLT.L.
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