SI=F vs. PL=F

Last updated Apr 3, 2026

Compare and contrast key facts about Silver (SI=F) and Platinum (PL=F).

Performance

SI=F vs. PL=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Silver (SI=F) and Platinum (PL=F). The values are adjusted to include any dividend payments, if applicable.

SI=F vs. PL=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SI=F Silver	1.70%	141.44%	21.41%	0.19%	2.95%	-11.59%	47.38%	15.32%	-9.36%	7.23%
PL=F Platinum	-1.72%	123.45%	-9.78%	-6.81%	12.08%	-10.47%	10.37%	22.13%	-14.68%	3.60%

Returns By Period

In the year-to-date period, SI=F achieves a 1.70% return, which is significantly higher than PL=F's -1.72% return. Over the past 10 years, SI=F has outperformed PL=F with an annualized return of 17.00%, while PL=F has yielded a comparatively lower 7.80% annualized return.

SI=F

• 1D: -5.62%
• 1M: -13.98%
• YTD: 1.70%
• 6M: 56.10%
• 1Y: 107.23%
• 3Y*: 43.86%
• 5Y*: 23.53%
• 10Y*: 17.00%

PL=F

• 1D: 0.49%
• 1M: -3.63%
• YTD: -1.72%
• 6M: 27.86%
• 1Y: 100.91%
• 3Y*: 26.13%
• 5Y*: 10.59%
• 10Y*: 7.80%

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

Return for Risk

SI=F vs. PL=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SI=F

SI=F Risk / Return Rank: 69
SI=F Sharpe Ratio Rank: 71
SI=F Sortino Ratio Rank: 70
SI=F Omega Ratio Rank: 81
SI=F Calmar Ratio Rank: 69
SI=F Martin Ratio Rank: 54

PL=F

PL=F Risk / Return Rank: 94
PL=F Sharpe Ratio Rank: 100
PL=F Sortino Ratio Rank: 89
PL=F Omega Ratio Rank: 100
PL=F Calmar Ratio Rank: 100
PL=F Martin Ratio Rank: 79

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.

SI=F vs. PL=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Silver (SI=F) and Platinum (PL=F). 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.

	SI=F	PL=F	Difference
Sharpe ratio Return per unit of total volatility	1.44	1.83	-0.39
Sortino ratio Return per unit of downside risk	1.83	2.08	-0.25
Omega ratio Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio Return relative to maximum drawdown	2.60	3.14	-0.55
Martin ratio Return relative to average drawdown	7.24	8.75	-1.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SI=F vs. PL=F - Sharpe Ratio Comparison

The current SI=F Sharpe Ratio is 1.44, which is comparable to the PL=F Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of SI=F and PL=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SI=F	PL=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.83	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.30	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.25	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.11	+0.10

Correlation

The correlation between SI=F and PL=F is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

SI=F vs. PL=F - Drawdown Comparison

The maximum SI=F drawdown since its inception was -91.54%, which is greater than PL=F's maximum drawdown of -68.68%. Use the drawdown chart below to compare losses from any high point for SI=F and PL=F.

Drawdown Indicators

	SI=F	PL=F	Difference
Max Drawdown Largest peak-to-trough decline	-91.54%	-68.68%	-22.86%
Max Drawdown (1Y) Largest decline over 1 year	-41.21%	-35.53%	-5.68%
Max Drawdown (5Y) Largest decline over 5 years	-41.21%	-36.35%	-4.86%
Max Drawdown (10Y) Largest decline over 10 years	-43.13%	-49.56%	+6.43%
Current Drawdown Current decline from peak	-37.64%	-29.90%	-7.74%
Average Drawdown Average peak-to-trough decline	-61.14%	-36.47%	-24.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.77%	12.77%	+2.00%

Volatility

SI=F vs. PL=F - Volatility Comparison

Silver (SI=F) has a higher volatility of 18.60% compared to Platinum (PL=F) at 14.12%. This indicates that SI=F's price experiences larger fluctuations and is considered to be riskier than PL=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SI=F	PL=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.60%	14.12%	+4.48%
Volatility (6M) Calculated over the trailing 6-month period	62.77%	49.49%	+13.28%
Volatility (1Y) Calculated over the trailing 1-year period	59.16%	53.14%	+6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.27%	35.23%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.16%	31.52%	+1.64%