SGDM vs. SPPP
SGDM (Sprott Gold Miners ETF) and SPPP (Sprott Physical Platinum and Palladium Trust) are both exchange-traded funds - SGDM is a Materials fund tracking the Solactive Gold Miners Custom Factors Index, while SPPP is a Precious Metals fund actively managed by Sprott. SGDM is passively managed, while SPPP is actively managed. Over the past 10 years, SGDM returned 12.63%/yr vs 8.53%/yr for SPPP. At a 0.45 correlation, their price movements are largely independent. SGDM charges 0.50%/yr vs 1.02%/yr for SPPP.
Performance
SGDM vs. SPPP - Performance Comparison
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Returns By Period
In the year-to-date period, SGDM achieves a 1.41% return, which is significantly higher than SPPP's -14.37% return. Over the past 10 years, SGDM has outperformed SPPP with an annualized return of 12.63%, while SPPP has yielded a comparatively lower 8.53% annualized return.
SGDM
- 1D
- -2.86%
- 1M
- 0.94%
- YTD
- 1.41%
- 6M
- 8.11%
- 1Y
- 56.96%
- 3Y*
- 38.97%
- 5Y*
- 18.63%
- 10Y*
- 12.63%
SPPP
- 1D
- -4.12%
- 1M
- -6.42%
- YTD
- -14.37%
- 6M
- -2.30%
- 1Y
- 39.19%
- 3Y*
- 5.59%
- 5Y*
- -6.33%
- 10Y*
- 8.53%
SGDM vs. SPPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 1.41% | 153.46% | 12.14% | 2.34% | -8.23% | -9.15% | 21.85% | 44.27% | -15.14% | 10.46% |
SPPP Sprott Physical Platinum and Palladium Trust | -14.37% | 89.43% | -11.89% | -25.86% | -2.37% | -21.77% | 23.84% | 46.00% | 5.53% | 35.36% |
Correlation
The correlation between SGDM and SPPP is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | 0.45 |
The correlation between SGDM and SPPP shifts across timeframes, from 0.44 (10 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGDM vs. SPPP — Risk / Return Rank
SGDM
SPPP
SGDM vs. SPPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Miners ETF (SGDM) 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.
| SGDM | SPPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.05 | +0.85 |
| Martin ratioReturn relative to average drawdown | 4.83 | 2.23 | +2.59 |
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
| SGDM | SPPP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.77 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.18 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.26 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.09 | +0.17 |
Drawdowns
SGDM vs. SPPP - Drawdown Comparison
The maximum SGDM drawdown since its inception was -54.95%, smaller than the maximum SPPP drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for SGDM and SPPP.
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Drawdown Indicators
| SGDM | SPPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.95% | -59.09% | +4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -30.04% | -37.42% | +7.38% |
Max Drawdown (3Y)Largest decline over 3 years | -30.04% | -37.42% | +7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -45.06% | -58.50% | +13.44% |
Max Drawdown (10Y)Largest decline over 10 years | -49.69% | -59.09% | +9.40% |
Current DrawdownCurrent decline from peak | -25.93% | -36.14% | +10.21% |
Average DrawdownAverage peak-to-trough decline | -25.46% | -26.48% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.83% | 17.60% | -5.77% |
Volatility
SGDM vs. SPPP - Volatility Comparison
Sprott Gold Miners ETF (SGDM) has a higher volatility of 14.45% compared to Sprott Physical Platinum and Palladium Trust (SPPP) at 10.71%. This indicates that SGDM'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.
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Volatility by Period
| SGDM | SPPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.45% | 10.71% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 36.91% | 45.53% | -8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.84% | 50.97% | -6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.78% | 34.89% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.81% | 33.10% | +3.71% |
SGDM vs. SPPP - Expense Ratio Comparison
SGDM has a 0.50% expense ratio, which is lower than SPPP's 1.02% expense ratio.
Dividends
SGDM vs. SPPP - Dividend Comparison
SGDM's dividend yield for the trailing twelve months is around 1.03%, while SPPP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 1.03% | 1.04% | 1.04% | 1.39% | 1.42% | 1.33% | 0.30% | 0.25% | 0.50% | 0.58% | 0.02% | 1.47% |
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
SGDM and SPPP have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGDM has higher volatility (14.45%) compared to SPPP (10.71%). In terms of maximum drawdown, SGDM dropped -54.95% vs SPPP's -59.09%.
On 10-year performance, SGDM leads with 12.63% vs 8.53% for SPPP. On fees, SGDM is cheaper at 0.50% per year. On volatility, SPPP has been the lower-risk option at 10.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SGDM has performed better with a 12.63% return vs 8.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGDM is cheaper with a 0.50% expense ratio, compared with 1.02% for SPPP.
SGDM has the higher dividend yield at 1.03%, compared with 0.00% for SPPP.
SGDM is categorized as Materials, while SPPP is Precious Metals. Their fees differ too: 0.50% for SGDM and 1.02% for SPPP.
SGDM currently has the higher Sharpe Ratio (1.28 vs 0.77), 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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