SPLT.L vs. GBSS.L
SPLT.L (iShares Physical Platinum ETC) and GBSS.L (Gold Bullion Securities) are both Precious Metals funds - SPLT.L tracks the Platinum while GBSS.L tracks the Gold. Both are passively managed. Over the past 10 years, SPLT.L returned 7.15%/yr vs 13.99%/yr for GBSS.L. At a 0.49 correlation, their price movements are largely independent. SPLT.L charges 0.20%/yr vs 0.40%/yr for GBSS.L.
Performance
SPLT.L vs. GBSS.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPLT.L achieves a -5.28% return, which is significantly lower than GBSS.L's 3.71% return. Over the past 10 years, SPLT.L has underperformed GBSS.L with an annualized return of 7.15%, while GBSS.L has yielded a comparatively higher 13.99% 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%
GBSS.L
- 1D
- 0.61%
- 1M
- -1.48%
- YTD
- 3.71%
- 6M
- 5.10%
- 1Y
- 33.15%
- 3Y*
- 27.74%
- 5Y*
- 19.51%
- 10Y*
- 13.99%
SPLT.L vs. GBSS.L - 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% |
GBSS.L Gold Bullion Securities | 3.71% | 53.13% | 27.82% | 6.96% | 11.51% | -3.12% | 19.73% | 14.42% | 4.17% | 1.53% |
Correlation
The correlation between SPLT.L and GBSS.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.49 |
The correlation between SPLT.L and GBSS.L shifts across timeframes, from 0.43 (5 years) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPLT.L vs. GBSS.L — Risk / Return Rank
SPLT.L
GBSS.L
SPLT.L vs. GBSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Platinum ETC (SPLT.L) and Gold Bullion Securities (GBSS.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.
| SPLT.L | GBSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.84 | +0.34 |
| Martin ratioReturn relative to average drawdown | 4.51 | 4.94 | -0.42 |
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 | GBSS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.44 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.21 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.89 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.66 | -0.60 |
Drawdowns
SPLT.L vs. GBSS.L - Drawdown Comparison
The maximum SPLT.L drawdown since its inception was -58.05%, which is greater than GBSS.L's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for SPLT.L and GBSS.L.
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Drawdown Indicators
| SPLT.L | GBSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.05% | -42.08% | -15.97% |
Max Drawdown (1Y)Largest decline over 1 year | -33.87% | -17.92% | -15.95% |
Max Drawdown (3Y)Largest decline over 3 years | -33.87% | -17.92% | -15.95% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -17.92% | -15.95% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | -22.41% | -22.59% |
Current DrawdownCurrent decline from peak | -32.43% | -16.16% | -16.27% |
Average DrawdownAverage peak-to-trough decline | -34.19% | -13.56% | -20.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 6.70% | +9.71% |
Volatility
SPLT.L vs. GBSS.L - Volatility Comparison
iShares Physical Platinum ETC (SPLT.L) has a higher volatility of 10.95% compared to Gold Bullion Securities (GBSS.L) at 5.05%. This indicates that SPLT.L's price experiences larger fluctuations and is considered to be riskier than GBSS.L 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 | GBSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 5.05% | +5.90% |
Volatility (6M)Calculated over the trailing 6-month period | 41.59% | 19.82% | +21.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 22.96% | +24.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 16.12% | +14.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 15.77% | +12.15% |
SPLT.L vs. GBSS.L - Expense Ratio Comparison
SPLT.L has a 0.20% expense ratio, which is lower than GBSS.L's 0.40% expense ratio.
Dividends
SPLT.L vs. GBSS.L - Dividend Comparison
Neither SPLT.L nor GBSS.L has paid dividends to shareholders.
Frequently Asked Questions
SPLT.L and GBSS.L have a correlation of 0.60, 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 0.40% for GBSS.L.
SPLT.L tracks Platinum, while GBSS.L tracks Gold. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for SPLT.L and 0.40% for GBSS.L.
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