SLV vs. SPPP.L
SLV (iShares Silver Trust) and SPPP.L (Invesco Physical Platinum) are both exchange-traded funds - SLV is a Silver fund tracking the LBMA Silver Price, while SPPP.L is a Precious Metals fund tracking the Platinum. Both are passively managed. Over the past 10 years, SLV returned 11.05%/yr vs 3.71%/yr for SPPP.L. A 0.53 correlation means they provide meaningful diversification when combined. SLV charges 0.50%/yr vs 0.19%/yr for SPPP.L.
Performance
SLV vs. SPPP.L - Performance Comparison
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Different Trading Currencies
SLV is traded in USD, while SPPP.L is traded in GBp. To make them comparable, the SPPP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLV achieves a -17.00% return, which is significantly higher than SPPP.L's -22.18% return. Over the past 10 years, SLV has outperformed SPPP.L with an annualized return of 11.05%, while SPPP.L has yielded a comparatively lower 3.71% annualized return.
SLV
- 1D
- 1.50%
- 1M
- -21.75%
- YTD
- -17.00%
- 6M
- -22.48%
- 1Y
- 62.97%
- 3Y*
- 36.79%
- 5Y*
- 17.27%
- 10Y*
- 11.05%
SPPP.L
- 1D
- -1.72%
- 1M
- -19.09%
- YTD
- -22.18%
- 6M
- -29.47%
- 1Y
- 16.70%
- 3Y*
- 19.32%
- 5Y*
- 7.36%
- 10Y*
- 3.71%
SLV vs. SPPP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | -17.00% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
SPPP.L Invesco Physical Platinum | -22.18% | 120.27% | -9.95% | -5.99% | 10.75% | -11.16% | 10.33% | 22.39% | -15.05% | 1.98% |
Correlation
The correlation between SLV and SPPP.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.53 |
The correlation between SLV and SPPP.L shifts across timeframes, from 0.52 (10 years) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SLV vs. SPPP.L — Risk / Return Rank
SLV
SPPP.L
SLV vs. SPPP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and Invesco Physical Platinum (SPPP.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.
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.
| SLV | SPPP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.37 | +0.87 |
| Martin ratioReturn relative to average drawdown | 2.74 | 0.83 | +1.92 |
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Drawdowns
SLV vs. SPPP.L - Drawdown Comparison
The maximum SLV drawdown since its inception was -76.28%, which is greater than SPPP.L's maximum drawdown of -62.33%. Use the drawdown chart below to compare losses from any high point for SLV and SPPP.L.
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Drawdown Indicators
| SLV | SPPP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.28% | -62.33% | -13.95% |
Max Drawdown (1Y)Largest decline over 1 year | -50.97% | -45.13% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -50.97% | -45.13% | -5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -50.97% | -45.13% | -5.84% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | -51.31% | +0.34% |
Current DrawdownCurrent decline from peak | -49.37% | -45.13% | -4.24% |
Average DrawdownAverage peak-to-trough decline | -44.66% | -34.84% | -9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.01% | 20.11% | +2.90% |
Volatility
SLV vs. SPPP.L - Volatility Comparison
iShares Silver Trust (SLV) has a higher volatility of 15.67% compared to Invesco Physical Platinum (SPPP.L) at 10.96%. This indicates that SLV's price experiences larger fluctuations and is considered to be riskier than SPPP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLV | SPPP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.67% | 10.96% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 58.87% | 41.26% | +17.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.75% | 47.76% | +12.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.74% | 32.49% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.12% | 29.35% | +2.77% |
SLV vs. SPPP.L - Expense Ratio Comparison
SLV has a 0.50% expense ratio, which is higher than SPPP.L's 0.19% expense ratio.
Dividends
SLV vs. SPPP.L - Dividend Comparison
Neither SLV nor SPPP.L has paid dividends to shareholders.
Frequently Asked Questions
SLV and SPPP.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPP.L is cheaper with a 0.19% expense ratio, compared with 0.50% for SLV.
SLV is categorized as Silver, while SPPP.L is Precious Metals. SLV tracks LBMA Silver Price, while SPPP.L tracks Platinum. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for SLV and 0.19% for SPPP.L.
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