SPLT.L vs. SPGP.L
SPLT.L (iShares Physical Platinum ETC) and SPGP.L (iShares Gold Producers UCITS ETF) are both Precious Metals funds from iShares - SPLT.L tracks the Platinum while SPGP.L tracks the EMIX Global Mining Global Gold TR USD. Both are passively managed. Over the past 10 years, SPLT.L returned 7.15%/yr vs 14.96%/yr for SPGP.L. At a 0.49 correlation, their price movements are largely independent. SPLT.L charges 0.20%/yr vs 0.55%/yr for SPGP.L.
Performance
SPLT.L vs. SPGP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPLT.L achieves a -5.28% return, which is significantly lower than SPGP.L's 1.44% return. Over the past 10 years, SPLT.L has underperformed SPGP.L with an annualized return of 7.15%, while SPGP.L has yielded a comparatively higher 14.96% 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%
SPGP.L
- 1D
- 0.61%
- 1M
- 0.17%
- YTD
- 1.44%
- 6M
- 6.67%
- 1Y
- 64.79%
- 3Y*
- 38.31%
- 5Y*
- 19.91%
- 10Y*
- 14.96%
SPLT.L vs. SPGP.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% |
SPGP.L iShares Gold Producers UCITS ETF | 1.44% | 137.41% | 12.81% | 3.72% | -0.45% | -9.15% | 19.43% | 41.00% | -4.37% | -2.80% |
Correlation
The correlation between SPLT.L and SPGP.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 SPLT.L and SPGP.L has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPLT.L vs. SPGP.L — Risk / Return Rank
SPLT.L
SPGP.L
SPLT.L vs. SPGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Platinum ETC (SPLT.L) and iShares Gold Producers UCITS ETF (SPGP.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 | SPGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.33 | -0.15 |
| Martin ratioReturn relative to average drawdown | 4.51 | 5.97 | -1.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPLT.L | SPGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.60 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.63 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.46 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.12 | -0.07 |
Drawdowns
SPLT.L vs. SPGP.L - Drawdown Comparison
The maximum SPLT.L drawdown since its inception was -58.05%, smaller than the maximum SPGP.L drawdown of -79.54%. Use the drawdown chart below to compare losses from any high point for SPLT.L and SPGP.L.
Loading charts...
Drawdown Indicators
| SPLT.L | SPGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.05% | -79.54% | +21.49% |
Max Drawdown (1Y)Largest decline over 1 year | -33.87% | -27.66% | -6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -33.87% | -27.66% | -6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -34.81% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | -43.71% | -1.29% |
Current DrawdownCurrent decline from peak | -32.43% | -24.04% | -8.39% |
Average DrawdownAverage peak-to-trough decline | -34.19% | -42.31% | +8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 10.81% | +5.60% |
Volatility
SPLT.L vs. SPGP.L - Volatility Comparison
The current volatility for iShares Physical Platinum ETC (SPLT.L) is 10.95%, while iShares Gold Producers UCITS ETF (SPGP.L) has a volatility of 13.10%. This indicates that SPLT.L experiences smaller price fluctuations and is considered to be less risky than SPGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPLT.L | SPGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 13.10% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 41.59% | 32.23% | +9.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 40.28% | +6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 31.56% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 32.31% | -4.39% |
SPLT.L vs. SPGP.L - Expense Ratio Comparison
SPLT.L has a 0.20% expense ratio, which is lower than SPGP.L's 0.55% expense ratio.
Dividends
SPLT.L vs. SPGP.L - Dividend Comparison
Neither SPLT.L nor SPGP.L has paid dividends to shareholders.
Frequently Asked Questions
SPLT.L and SPGP.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.
SPLT.L tracks Platinum, while SPGP.L tracks EMIX Global Mining Global Gold TR USD. Their fees differ too: 0.20% for SPLT.L and 0.55% for SPGP.L.
Find the right allocation for SPLT.L and SPGP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer