SPGP.L vs. SPLT.L
SPGP.L (iShares Gold Producers UCITS ETF) and SPLT.L (iShares Physical Platinum ETC) are both Precious Metals funds from iShares - SPGP.L tracks the EMIX Global Mining Global Gold TR USD while SPLT.L tracks the Platinum. Both are passively managed. Over the past 10 years, SPGP.L returned 15.18%/yr vs 7.29%/yr for SPLT.L. At a 0.49 correlation, their price movements are largely independent. SPGP.L charges 0.55%/yr vs 0.20%/yr for SPLT.L.
Performance
SPGP.L vs. SPLT.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPGP.L achieves a 0.82% return, which is significantly higher than SPLT.L's -5.46% return. Over the past 10 years, SPGP.L has outperformed SPLT.L with an annualized return of 15.18%, while SPLT.L has yielded a comparatively lower 7.29% annualized return.
SPGP.L
- 1D
- -1.87%
- 1M
- -0.66%
- YTD
- 0.82%
- 6M
- 5.68%
- 1Y
- 64.09%
- 3Y*
- 38.07%
- 5Y*
- 19.77%
- 10Y*
- 15.18%
SPLT.L
- 1D
- -2.76%
- 1M
- -4.29%
- YTD
- -5.46%
- 6M
- 12.93%
- 1Y
- 75.98%
- 3Y*
- 20.01%
- 5Y*
- 11.03%
- 10Y*
- 7.29%
SPGP.L vs. SPLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGP.L iShares Gold Producers UCITS ETF | 0.82% | 137.41% | 12.81% | 3.72% | -0.45% | -9.15% | 19.43% | 41.00% | -4.37% | -2.80% |
SPLT.L iShares Physical Platinum ETC | -5.46% | 104.63% | -8.37% | -10.78% | 23.96% | -10.18% | 7.04% | 17.70% | -9.90% | -6.89% |
Correlation
The correlation between SPGP.L and SPLT.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2011 | 0.49 |
The correlation between SPGP.L and SPLT.L has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
SPGP.L vs. SPLT.L — Risk / Return Rank
SPGP.L
SPLT.L
SPGP.L vs. SPLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (SPGP.L) and iShares Physical Platinum ETC (SPLT.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.
| SPGP.L | SPLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.23 | +0.07 |
| Martin ratioReturn relative to average drawdown | 5.97 | 4.65 | +1.32 |
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
| SPGP.L | SPLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.61 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.36 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.26 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.05 | +0.06 |
Drawdowns
SPGP.L vs. SPLT.L - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -79.54%, which is greater than SPLT.L's maximum drawdown of -58.05%. Use the drawdown chart below to compare losses from any high point for SPGP.L and SPLT.L.
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Drawdown Indicators
| SPGP.L | SPLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.54% | -58.05% | -21.49% |
Max Drawdown (1Y)Largest decline over 1 year | -27.66% | -33.87% | +6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -27.66% | -33.87% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -33.87% | -0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -43.71% | -45.00% | +1.29% |
Current DrawdownCurrent decline from peak | -24.50% | -32.56% | +8.06% |
Average DrawdownAverage peak-to-trough decline | -42.31% | -34.19% | -8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.71% | 16.29% | -5.58% |
Volatility
SPGP.L vs. SPLT.L - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) has a higher volatility of 13.09% compared to iShares Physical Platinum ETC (SPLT.L) at 11.00%. This indicates that SPGP.L's price experiences larger fluctuations and is considered to be riskier than SPLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGP.L | SPLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.09% | 11.00% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 32.24% | 41.59% | -9.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.30% | 47.08% | -6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.56% | 30.48% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.32% | 27.93% | +4.39% |
SPGP.L vs. SPLT.L - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is higher than SPLT.L's 0.20% expense ratio.
Dividends
SPGP.L vs. SPLT.L - Dividend Comparison
Neither SPGP.L nor SPLT.L has paid dividends to shareholders.
Frequently Asked Questions
SPGP.L and SPLT.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPLT.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPLT.L is cheaper with a 0.20% expense ratio, compared with 0.55% for SPGP.L.
SPGP.L tracks EMIX Global Mining Global Gold TR USD, while SPLT.L tracks Platinum. Their fees differ too: 0.55% for SPGP.L and 0.20% for SPLT.L.
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