SPLT.L vs. IUES.L
SPLT.L (iShares Physical Platinum ETC) and IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - SPLT.L is a Precious Metals fund tracking the Platinum, while IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, SPLT.L returned 7.15%/yr vs 10.07%/yr for IUES.L. At a 0.17 correlation, their price movements are largely independent. SPLT.L charges 0.20%/yr vs 0.15%/yr for IUES.L.
Performance
SPLT.L vs. IUES.L - Performance Comparison
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Different Trading Currencies
SPLT.L is traded in GBp, while IUES.L is traded in USD. To make them comparable, the IUES.L 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 IUES.L's 31.41% return. Over the past 10 years, SPLT.L has underperformed IUES.L with an annualized return of 7.15%, while IUES.L has yielded a comparatively higher 10.07% 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%
IUES.L
- 1D
- 0.00%
- 1M
- 0.15%
- YTD
- 31.41%
- 6M
- 28.75%
- 1Y
- 48.19%
- 3Y*
- 14.03%
- 5Y*
- 21.71%
- 10Y*
- 10.07%
SPLT.L vs. IUES.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% |
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 30.98% | 1.99% | 5.69% | -5.60% | 83.32% | 53.38% | -35.31% | 4.67% | -13.27% | -9.73% |
Correlation
The correlation between SPLT.L and IUES.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2015 | 0.17 |
The correlation between SPLT.L and IUES.L shifts across timeframes, from -0.05 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPLT.L vs. IUES.L — Risk / Return Rank
SPLT.L
IUES.L
SPLT.L vs. IUES.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Platinum ETC (SPLT.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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 | IUES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.89 | -0.71 |
| Martin ratioReturn relative to average drawdown | 4.51 | 8.95 | -4.43 |
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 | IUES.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.08 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.81 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.36 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.36 | -0.30 |
Drawdowns
SPLT.L vs. IUES.L - Drawdown Comparison
The maximum SPLT.L drawdown since its inception was -58.05%, smaller than the maximum IUES.L drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for SPLT.L and IUES.L.
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Drawdown Indicators
| SPLT.L | IUES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.05% | -62.40% | +4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -33.87% | -16.59% | -17.28% |
Max Drawdown (3Y)Largest decline over 3 years | -33.87% | -23.92% | -9.95% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -23.92% | -9.95% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | -62.40% | +17.40% |
Current DrawdownCurrent decline from peak | -32.43% | -8.77% | -23.66% |
Average DrawdownAverage peak-to-trough decline | -34.19% | -16.00% | -18.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 5.37% | +11.04% |
Volatility
SPLT.L vs. IUES.L - Volatility Comparison
iShares Physical Platinum ETC (SPLT.L) has a higher volatility of 10.95% compared to iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) at 8.73%. This indicates that SPLT.L's price experiences larger fluctuations and is considered to be riskier than IUES.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 | IUES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 8.73% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 41.59% | 19.54% | +22.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 23.12% | +23.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 26.63% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 28.23% | -0.31% |
SPLT.L vs. IUES.L - Expense Ratio Comparison
SPLT.L has a 0.20% expense ratio, which is higher than IUES.L's 0.15% 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. IUES.L - Dividend Comparison
Neither SPLT.L nor IUES.L has paid dividends to shareholders.
Frequently Asked Questions
SPLT.L and IUES.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUES.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPLT.L.
SPLT.L is categorized as Precious Metals, while IUES.L is Energy Equities. SPLT.L tracks Platinum, while IUES.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.20% for SPLT.L and 0.15% for IUES.L.
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