SPLT.L vs. SPPP.L
Compare and contrast key facts about iShares Physical Platinum ETC (SPLT.L) and Invesco Physical Platinum (SPPP.L).
SPLT.L and SPPP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLT.L is a passively managed fund by iShares that tracks the performance of the Platinum. It was launched on Apr 8, 2011. SPPP.L is a passively managed fund by Invesco that tracks the performance of the Platinum. It was launched on Apr 13, 2011. Both SPLT.L and SPPP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPLT.L or SPPP.L.
Key characteristics
SPLT.L | SPPP.L | |
---|---|---|
YTD Return | -2.80% | -2.90% |
1Y Return | 3.65% | 3.58% |
3Y Return (Ann) | -0.29% | -0.32% |
5Y Return (Ann) | 1.81% | 1.77% |
10Y Return (Ann) | -0.52% | -0.53% |
Sharpe Ratio | 0.22 | 0.21 |
Sortino Ratio | 0.49 | 0.48 |
Omega Ratio | 1.05 | 1.05 |
Calmar Ratio | 0.12 | 0.20 |
Martin Ratio | 0.58 | 0.57 |
Ulcer Index | 9.32% | 9.28% |
Daily Std Dev | 25.13% | 25.04% |
Max Drawdown | -58.05% | -44.86% |
Current Drawdown | -37.07% | -18.63% |
Correlation
The correlation between SPLT.L and SPPP.L is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPLT.L vs. SPPP.L - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPLT.L having a -2.80% return and SPPP.L slightly lower at -2.90%. Both investments have delivered pretty close results over the past 10 years, with SPLT.L having a -0.52% annualized return and SPPP.L not far behind at -0.53%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPLT.L vs. SPPP.L - Expense Ratio Comparison
SPLT.L has a 0.20% expense ratio, which is higher than SPPP.L's 0.19% 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%.
Risk-Adjusted Performance
SPLT.L vs. SPPP.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Platinum ETC (SPLT.L) and Invesco Physical Platinum (SPPP.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.
Dividends
SPLT.L vs. SPPP.L - Dividend Comparison
Neither SPLT.L nor SPPP.L has paid dividends to shareholders.
Drawdowns
SPLT.L vs. SPPP.L - Drawdown Comparison
The maximum SPLT.L drawdown since its inception was -58.05%, which is greater than SPPP.L's maximum drawdown of -44.86%. Use the drawdown chart below to compare losses from any high point for SPLT.L and SPPP.L. For additional features, visit the drawdowns tool.
Volatility
SPLT.L vs. SPPP.L - Volatility Comparison
iShares Physical Platinum ETC (SPLT.L) and Invesco Physical Platinum (SPPP.L) have volatilities of 7.81% and 7.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.