SPLT.L vs. XGDU.L
SPLT.L (iShares Physical Platinum ETC) and XGDU.L (Xtrackers IE Physical Gold ETC Securities) are both Precious Metals funds - SPLT.L tracks the Platinum while XGDU.L tracks the Gold. Both are passively managed. Over the past 5 years, SPLT.L returned 11.07%/yr vs 19.89%/yr for XGDU.L. At a 0.42 correlation, their price movements are largely independent. SPLT.L charges 0.20%/yr vs 0.12%/yr for XGDU.L.
Performance
SPLT.L vs. XGDU.L - Performance Comparison
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Different Trading Currencies
SPLT.L is traded in GBp, while XGDU.L is traded in USD. To make them comparable, the XGDU.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 XGDU.L's 4.19% 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%
XGDU.L
- 1D
- 0.58%
- 1M
- -1.49%
- YTD
- 4.19%
- 6M
- 5.25%
- 1Y
- 33.63%
- 3Y*
- 28.24%
- 5Y*
- 19.89%
- 10Y*
- —
SPLT.L vs. XGDU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPLT.L iShares Physical Platinum ETC | -5.28% | 104.63% | -8.37% | -10.78% | 23.96% | -10.18% | 28.26% |
XGDU.L Xtrackers IE Physical Gold ETC Securities | 4.19% | 52.97% | 28.40% | 7.78% | 11.98% | -3.90% | 1.09% |
Correlation
The correlation between SPLT.L and XGDU.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2020 | 0.42 |
The correlation between SPLT.L and XGDU.L shifts across timeframes, from 0.42 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPLT.L vs. XGDU.L — Risk / Return Rank
SPLT.L
XGDU.L
SPLT.L vs. XGDU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Platinum ETC (SPLT.L) and Xtrackers IE Physical Gold ETC Securities (XGDU.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 | XGDU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.90 | +0.29 |
| Martin ratioReturn relative to average drawdown | 4.51 | 5.03 | -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 | XGDU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.39 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.19 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.94 | -0.89 |
Drawdowns
SPLT.L vs. XGDU.L - Drawdown Comparison
The maximum SPLT.L drawdown since its inception was -58.05%, which is greater than XGDU.L's maximum drawdown of -22.90%. Use the drawdown chart below to compare losses from any high point for SPLT.L and XGDU.L.
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Drawdown Indicators
| SPLT.L | XGDU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.05% | -22.90% | -35.15% |
Max Drawdown (1Y)Largest decline over 1 year | -33.87% | -17.64% | -16.23% |
Max Drawdown (3Y)Largest decline over 3 years | -33.87% | -17.64% | -16.23% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -17.64% | -16.23% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | — | — |
Current DrawdownCurrent decline from peak | -32.43% | -15.91% | -16.52% |
Average DrawdownAverage peak-to-trough decline | -34.19% | -6.61% | -27.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 6.67% | +9.74% |
Volatility
SPLT.L vs. XGDU.L - Volatility Comparison
iShares Physical Platinum ETC (SPLT.L) has a higher volatility of 10.95% compared to Xtrackers IE Physical Gold ETC Securities (XGDU.L) at 5.97%. This indicates that SPLT.L's price experiences larger fluctuations and is considered to be riskier than XGDU.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 | XGDU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 5.97% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 41.59% | 21.20% | +20.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 24.12% | +22.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 16.76% | +13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 16.83% | +11.09% |
SPLT.L vs. XGDU.L - Expense Ratio Comparison
SPLT.L has a 0.20% expense ratio, which is higher than XGDU.L's 0.12% 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. XGDU.L - Dividend Comparison
Neither SPLT.L nor XGDU.L has paid dividends to shareholders.
Frequently Asked Questions
SPLT.L and XGDU.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.20% for SPLT.L.
SPLT.L tracks Platinum, while XGDU.L tracks Gold. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for SPLT.L and 0.12% for XGDU.L.
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