SLX vs. PPLT
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and Aberdeen Standard Physical Platinum Shares ETF (PPLT).
SLX and PPLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Steel Index. It was launched on Oct 16, 2006. PPLT is a passively managed fund by Abrdn Plc that tracks the performance of the Platinum London PM Fix ($/ozt). It was launched on Jan 8, 2010. Both SLX and PPLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLX or PPLT.
Key characteristics
| SLX | PPLT | |
|---|---|---|
| YTD Return | -11.89% | 0.44% |
| 1Y Return | -1.06% | 9.22% |
| 3Y Return (Ann) | 7.97% | 1.27% |
| 5Y Return (Ann) | 16.80% | 0.43% |
| 10Y Return (Ann) | 6.87% | -3.67% |
| Sharpe Ratio | 0.11 | 0.41 |
| Daily Std Dev | 20.19% | 24.30% |
| Max Drawdown | -82.15% | -70.73% |
| Current Drawdown | -13.18% | -51.58% |
Correlation
The correlation between SLX and PPLT is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SLX vs. PPLT - Performance Comparison
In the year-to-date period, SLX achieves a -11.89% return, which is significantly lower than PPLT's 0.44% return. Over the past 10 years, SLX has outperformed PPLT with an annualized return of 6.87%, while PPLT has yielded a comparatively lower -3.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SLX vs. PPLT - Expense Ratio Comparison
SLX has a 0.56% expense ratio, which is lower than PPLT's 0.60% expense ratio.
Risk-Adjusted Performance
SLX vs. PPLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) 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.
Dividends
SLX vs. PPLT - Dividend Comparison
SLX's dividend yield for the trailing twelve months is around 3.18%, while PPLT has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLX VanEck Vectors Steel ETF | 3.18% | 2.80% | 4.97% | 7.07% | 1.87% | 2.76% | 6.25% | 2.43% | 1.06% | 5.34% | 3.26% | 1.97% |
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% |
Drawdowns
SLX vs. PPLT - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.15%, which is greater than PPLT's maximum drawdown of -70.73%. Use the drawdown chart below to compare losses from any high point for SLX and PPLT. For additional features, visit the drawdowns tool.
Volatility
SLX vs. PPLT - Volatility Comparison
VanEck Vectors Steel ETF (SLX) and Aberdeen Standard Physical Platinum Shares ETF (PPLT) have volatilities of 7.76% and 7.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.