SPLT.L vs. XGLD.L
SPLT.L (iShares Physical Platinum ETC) and XGLD.L (Xtrackers Physical Gold ETC) are both Precious Metals funds - SPLT.L tracks the Platinum while XGLD.L tracks the Gold. Both are passively managed. Over the past 10 years, SPLT.L returned 7.15%/yr vs 14.17%/yr for XGLD.L. At a 0.48 correlation, their price movements are largely independent. SPLT.L charges 0.20%/yr vs 0.25%/yr for XGLD.L.
Performance
SPLT.L vs. XGLD.L - Performance Comparison
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Different Trading Currencies
SPLT.L is traded in GBp, while XGLD.L is traded in USD. To make them comparable, the XGLD.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 XGLD.L's 4.13% return. Over the past 10 years, SPLT.L has underperformed XGLD.L with an annualized return of 7.15%, while XGLD.L has yielded a comparatively higher 14.17% 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%
XGLD.L
- 1D
- 0.61%
- 1M
- -1.45%
- YTD
- 4.13%
- 6M
- 5.18%
- 1Y
- 33.45%
- 3Y*
- 28.06%
- 5Y*
- 19.73%
- 10Y*
- 14.17%
SPLT.L vs. XGLD.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% |
XGLD.L Xtrackers Physical Gold ETC | 4.13% | 52.88% | 28.07% | 7.70% | 11.62% | -3.28% | 20.47% | 13.84% | 4.49% | 2.02% |
Correlation
The correlation between SPLT.L and XGLD.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.48 |
The correlation between SPLT.L and XGLD.L shifts across timeframes, from 0.43 (5 years) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPLT.L vs. XGLD.L — Risk / Return Rank
SPLT.L
XGLD.L
SPLT.L vs. XGLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Platinum ETC (SPLT.L) and Xtrackers Physical Gold ETC (XGLD.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 | XGLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.82 | +0.36 |
| Martin ratioReturn relative to average drawdown | 4.51 | 4.96 | -0.45 |
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 | XGLD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.38 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.18 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.87 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.51 | -0.45 |
Drawdowns
SPLT.L vs. XGLD.L - Drawdown Comparison
The maximum SPLT.L drawdown since its inception was -58.05%, which is greater than XGLD.L's maximum drawdown of -41.55%. Use the drawdown chart below to compare losses from any high point for SPLT.L and XGLD.L.
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Drawdown Indicators
| SPLT.L | XGLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.05% | -41.55% | -16.50% |
Max Drawdown (1Y)Largest decline over 1 year | -33.87% | -18.25% | -15.62% |
Max Drawdown (3Y)Largest decline over 3 years | -33.87% | -18.25% | -15.62% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -18.25% | -15.62% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | -22.30% | -22.70% |
Current DrawdownCurrent decline from peak | -32.43% | -16.03% | -16.40% |
Average DrawdownAverage peak-to-trough decline | -34.19% | -14.25% | -19.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 6.72% | +9.69% |
Volatility
SPLT.L vs. XGLD.L - Volatility Comparison
iShares Physical Platinum ETC (SPLT.L) has a higher volatility of 10.95% compared to Xtrackers Physical Gold ETC (XGLD.L) at 5.97%. This indicates that SPLT.L's price experiences larger fluctuations and is considered to be riskier than XGLD.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 | XGLD.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% | 21.24% | +20.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.08% | 24.10% | +22.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.48% | 16.68% | +13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 16.32% | +11.60% |
SPLT.L vs. XGLD.L - Expense Ratio Comparison
SPLT.L has a 0.20% expense ratio, which is lower than XGLD.L's 0.25% expense ratio. Despite the difference, 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. XGLD.L - Dividend Comparison
Neither SPLT.L nor XGLD.L has paid dividends to shareholders.
Frequently Asked Questions
SPLT.L and XGLD.L have a correlation of 0.60, 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 0.25% for XGLD.L.
SPLT.L tracks Platinum, while XGLD.L tracks Gold. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for SPLT.L and 0.25% for XGLD.L.
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