SIL vs. PPLT
SIL (Global X Silver Miners ETF) and PPLT (Aberdeen Standard Physical Platinum Shares ETF) are both exchange-traded funds - SIL is a Silver fund tracking the Solactive Global Silver Miners Total Return Index, while PPLT is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt). Both are passively managed. Over the past 10 years, SIL returned 9.80%/yr vs 5.17%/yr for PPLT. A 0.60 correlation means they provide meaningful diversification when combined. SIL charges 0.65%/yr vs 0.60%/yr for PPLT.
Performance
SIL vs. PPLT - Performance Comparison
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Returns By Period
In the year-to-date period, SIL achieves a -2.20% return, which is significantly higher than PPLT's -16.64% return. Over the past 10 years, SIL has outperformed PPLT with an annualized return of 9.80%, while PPLT has yielded a comparatively lower 5.17% annualized return.
SIL
- 1D
- 3.27%
- 1M
- -10.83%
- YTD
- -2.20%
- 6M
- 0.10%
- 1Y
- 69.43%
- 3Y*
- 46.50%
- 5Y*
- 12.56%
- 10Y*
- 9.80%
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%
SIL vs. PPLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | -2.20% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
PPLT Aberdeen Standard Physical Platinum Shares ETF | -16.64% | 124.48% | -8.90% | -8.18% | 10.43% | -10.75% | 10.78% | 20.85% | -14.95% | 2.38% |
Correlation
The correlation between SIL and PPLT is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.60 |
The correlation between SIL and PPLT has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
SIL vs. PPLT — Risk / Return Rank
SIL
PPLT
SIL vs. PPLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners ETF (SIL) and Aberdeen Standard Physical Platinum Shares ETF (PPLT). 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.
| SIL | PPLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.80 | +1.11 |
| Martin ratioReturn relative to average drawdown | 5.09 | 1.84 | +3.25 |
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Drawdowns
SIL vs. PPLT - Drawdown Comparison
The maximum SIL drawdown since its inception was -82.99%, which is greater than PPLT's maximum drawdown of -70.73%. Use the drawdown chart below to compare losses from any high point for SIL and PPLT.
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Drawdown Indicators
| SIL | PPLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.99% | -70.73% | -12.26% |
Max Drawdown (1Y)Largest decline over 1 year | -37.08% | -40.02% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -37.08% | -40.02% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -52.77% | -40.02% | -12.75% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | -51.14% | -11.90% |
Current DrawdownCurrent decline from peak | -30.80% | -38.39% | +7.59% |
Average DrawdownAverage peak-to-trough decline | -51.40% | -39.94% | -11.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.90% | 17.37% | -3.47% |
Volatility
SIL vs. PPLT - Volatility Comparison
Global X Silver Miners ETF (SIL) has a higher volatility of 19.29% compared to Aberdeen Standard Physical Platinum Shares ETF (PPLT) at 11.07%. This indicates that SIL's price experiences larger fluctuations and is considered to be riskier than PPLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIL | PPLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.29% | 11.07% | +8.22% |
Volatility (6M)Calculated over the trailing 6-month period | 43.57% | 45.24% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.69% | 50.99% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.64% | 32.68% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.81% | 29.10% | +10.71% |
SIL vs. PPLT - Expense Ratio Comparison
SIL has a 0.65% expense ratio, which is higher than PPLT's 0.60% expense ratio.
Dividends
SIL vs. PPLT - Dividend Comparison
SIL's dividend yield for the trailing twelve months is around 1.21%, while PPLT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPLT Aberdeen Standard Physical Platinum Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIL Global X Silver Miners ETF | 1.21% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
Frequently Asked Questions
SIL and PPLT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIL has higher volatility (19.29%) compared to PPLT (11.07%). In terms of maximum drawdown, SIL dropped -82.99% vs PPLT's -70.73%.
On 10-year performance, SIL leads with 9.80% vs 5.17% 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 10-year period, SIL has performed better with a 9.80% return vs 5.17%. 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 0.65% for SIL.
SIL has the higher dividend yield at 1.21%, compared with 0.00% for PPLT.
SIL is categorized as Silver, while PPLT is Precious Metals. SIL tracks Solactive Global Silver Miners Total Return Index, while PPLT tracks Platinum London PM Fix ($/ozt). They also come from different issuers: Global X and Aberdeen. Their fees differ too: 0.65% for SIL and 0.60% for PPLT.
SIL currently has the higher Sharpe Ratio (1.37 vs 0.63), 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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