SPLT.L vs. BSV
SPLT.L (iShares Physical Platinum ETC) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both exchange-traded funds - SPLT.L is a Precious Metals fund tracking the Platinum, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Both are passively managed. Over the past 10 years, SPLT.L returned 7.15%/yr vs 2.72%/yr for BSV. At a 0.05 correlation, their price movements are largely independent. SPLT.L charges 0.20%/yr vs 0.03%/yr for BSV.
Performance
SPLT.L vs. BSV - Performance Comparison
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Different Trading Currencies
SPLT.L is traded in GBp, while BSV is traded in USD. To make them comparable, the BSV values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPLT.L achieves a -5.28% return, which is significantly lower than BSV's 0.78% return. Over the past 10 years, SPLT.L has outperformed BSV with an annualized return of 7.15%, while BSV has yielded a comparatively lower 2.72% annualized return.
SPLT.L
- 1D
- 0.20%
- 1M
- -2.87%
- YTD
- -5.28%
- 6M
- 14.16%
- 1Y
- 74.34%
- 3Y*
- 18.81%
- 5Y*
- 11.07%
- 10Y*
- 7.15%
BSV
- 1D
- 0.08%
- 1M
- 1.00%
- YTD
- 0.78%
- 6M
- -0.01%
- 1Y
- 4.51%
- 3Y*
- 1.79%
- 5Y*
- 2.73%
- 10Y*
- 2.72%
SPLT.L vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPLT.L iShares Physical Platinum ETC | -5.28% | 104.63% | -8.37% | -10.78% | 23.96% | -10.18% | 7.04% | 17.70% | -9.90% | -6.89% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.78% | -1.56% | 5.60% | -0.35% | 5.75% | -0.15% | 1.63% | 0.99% | 7.35% | -7.55% |
Correlation
The correlation between SPLT.L and BSV is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.05 |
The correlation between SPLT.L and BSV shifts across timeframes, from -0.12 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPLT.L vs. BSV — Risk / Return Rank
SPLT.L
BSV
SPLT.L vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Platinum ETC (SPLT.L) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| SPLT.L | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.13 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.87 | +1.31 |
| Martin ratioReturn relative to average drawdown | 4.51 | 2.39 | +2.12 |
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
| SPLT.L | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.74 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.34 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.30 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.49 | -0.43 |
Drawdowns
SPLT.L vs. BSV - Drawdown Comparison
The maximum SPLT.L drawdown since its inception was -58.05%, which is greater than BSV's maximum drawdown of -17.43%. Use the drawdown chart below to compare losses from any high point for SPLT.L and BSV.
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Drawdown Indicators
| SPLT.L | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.05% | -17.43% | -40.62% |
Max Drawdown (1Y)Largest decline over 1 year | -33.87% | -5.21% | -28.66% |
Max Drawdown (3Y)Largest decline over 3 years | -33.87% | -8.61% | -25.26% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -15.82% | -18.05% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | -15.82% | -29.18% |
Current DrawdownCurrent decline from peak | -32.43% | -6.39% | -26.04% |
Average DrawdownAverage peak-to-trough decline | -34.19% | -6.78% | -27.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 1.89% | +14.52% |
Volatility
SPLT.L vs. BSV - Volatility Comparison
iShares Physical Platinum ETC (SPLT.L) has a higher volatility of 10.95% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 1.47%. This indicates that SPLT.L's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLT.L | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 1.47% | +9.48% |
Volatility (6M)Calculated over the trailing 6-month period | 41.59% | 4.71% | +36.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 6.12% | +40.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 8.02% | +22.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 9.22% | +18.70% |
SPLT.L vs. BSV - Expense Ratio Comparison
SPLT.L has a 0.20% expense ratio, which is higher than BSV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPLT.L vs. BSV - Dividend Comparison
SPLT.L has not paid dividends to shareholders, while BSV's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.99% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
SPLT.L iShares Physical Platinum ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPLT.L and BSV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSV is cheaper with a 0.03% expense ratio, compared with 0.20% for SPLT.L.
SPLT.L is categorized as Precious Metals, while BSV is Short-Term Bond. SPLT.L tracks Platinum, while BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for SPLT.L and 0.03% for BSV.
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