SPLT.L vs. ITA
SPLT.L (iShares Physical Platinum ETC) and ITA (iShares U.S. Aerospace & Defense ETF) are both exchange-traded funds - SPLT.L is a Precious Metals fund tracking the Platinum, while ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Both are passively managed. Over the past 10 years, SPLT.L returned 7.15%/yr vs 15.91%/yr for ITA. At a 0.12 correlation, their price movements are largely independent. SPLT.L charges 0.20%/yr vs 0.38%/yr for ITA.
Performance
SPLT.L vs. ITA - Performance Comparison
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Different Trading Currencies
SPLT.L is traded in GBp, while ITA is traded in USD. To make them comparable, the ITA 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 ITA's 8.37% return. Over the past 10 years, SPLT.L has underperformed ITA with an annualized return of 7.15%, while ITA has yielded a comparatively higher 15.91% 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%
ITA
- 1D
- 2.97%
- 1M
- 8.51%
- YTD
- 8.37%
- 6M
- 12.43%
- 1Y
- 30.49%
- 3Y*
- 25.23%
- 5Y*
- 17.87%
- 10Y*
- 15.91%
SPLT.L vs. ITA - 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% |
ITA iShares U.S. Aerospace & Defense ETF | 8.37% | 38.05% | 17.84% | 8.62% | 23.04% | 10.43% | -16.11% | 25.55% | -1.72% | 23.55% |
Correlation
The correlation between SPLT.L and ITA is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.12 |
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Return for Risk
SPLT.L vs. ITA — Risk / Return Rank
SPLT.L
ITA
SPLT.L vs. ITA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Platinum ETC (SPLT.L) and iShares U.S. Aerospace & Defense ETF (ITA). 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 | ITA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.00 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.51 | 5.04 | -0.52 |
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 | ITA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.48 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.92 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.69 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.60 | -0.54 |
Drawdowns
SPLT.L vs. ITA - Drawdown Comparison
The maximum SPLT.L drawdown since its inception was -58.05%, which is greater than ITA's maximum drawdown of -44.96%. Use the drawdown chart below to compare losses from any high point for SPLT.L and ITA.
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Drawdown Indicators
| SPLT.L | ITA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.05% | -44.96% | -13.09% |
Max Drawdown (1Y)Largest decline over 1 year | -33.87% | -15.35% | -18.52% |
Max Drawdown (3Y)Largest decline over 3 years | -33.87% | -18.05% | -15.82% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -18.05% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | -44.96% | -0.04% |
Current DrawdownCurrent decline from peak | -32.43% | -7.62% | -24.81% |
Average DrawdownAverage peak-to-trough decline | -34.19% | -8.04% | -26.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 6.07% | +10.34% |
Volatility
SPLT.L vs. ITA - Volatility Comparison
iShares Physical Platinum ETC (SPLT.L) has a higher volatility of 10.95% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 6.95%. This indicates that SPLT.L's price experiences larger fluctuations and is considered to be riskier than ITA 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 | ITA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 6.95% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 41.59% | 16.73% | +24.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 20.68% | +26.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 19.59% | +10.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 23.10% | +4.82% |
SPLT.L vs. ITA - Expense Ratio Comparison
SPLT.L has a 0.20% expense ratio, which is lower than ITA's 0.38% expense ratio.
Dividends
SPLT.L vs. ITA - Dividend Comparison
SPLT.L has not paid dividends to shareholders, while ITA's dividend yield for the trailing twelve months is around 0.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.46% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
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 ITA have a correlation of 0.15, 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 0.38% for ITA.
SPLT.L is categorized as Precious Metals, while ITA is Aerospace & Defense. SPLT.L tracks Platinum, while ITA tracks Dow Jones U.S. Select Aerospace & Defense Index. Their fees differ too: 0.20% for SPLT.L and 0.38% for ITA.
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