SPPP.L vs. AIGP.L
SPPP.L (Invesco Physical Platinum) and AIGP.L (WisdomTree Precious Metals) are both Precious Metals funds - SPPP.L tracks the Platinum while AIGP.L tracks the Bloomberg Precious Metals. Both are passively managed. Over the past 10 years, SPPP.L returned 7.15%/yr vs 12.87%/yr for AIGP.L. At a 0.34 correlation, their price movements are largely independent. SPPP.L charges 0.19%/yr vs 0.49%/yr for AIGP.L.
Performance
SPPP.L vs. AIGP.L - Performance Comparison
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Different Trading Currencies
SPPP.L is traded in GBp, while AIGP.L is traded in USD. To make them comparable, the AIGP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPPP.L achieves a -5.12% return, which is significantly lower than AIGP.L's 4.78% return. Over the past 10 years, SPPP.L has underperformed AIGP.L with an annualized return of 7.15%, while AIGP.L has yielded a comparatively higher 12.87% annualized return.
SPPP.L
- 1D
- 0.34%
- 1M
- -3.04%
- YTD
- -5.12%
- 6M
- 13.96%
- 1Y
- 74.71%
- 3Y*
- 17.70%
- 5Y*
- 11.26%
- 10Y*
- 7.15%
AIGP.L
- 1D
- 0.43%
- 1M
- -1.13%
- YTD
- 4.78%
- 6M
- 11.69%
- 1Y
- 49.80%
- 3Y*
- 30.16%
- 5Y*
- 18.97%
- 10Y*
- 12.87%
SPPP.L vs. AIGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPP.L Invesco Physical Platinum | -5.12% | 104.81% | -8.43% | -10.70% | 22.05% | -6.96% | 4.80% | 17.40% | -9.50% | -7.13% |
AIGP.L WisdomTree Precious Metals | 4.78% | 65.90% | 25.41% | 2.42% | 10.92% | -6.87% | 20.42% | 11.65% | 0.94% | -1.68% |
Correlation
The correlation between SPPP.L and AIGP.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.34 |
Over the past year, SPPP.L and AIGP.L have become more correlated (0.70) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
SPPP.L vs. AIGP.L — Risk / Return Rank
SPPP.L
AIGP.L
SPPP.L vs. AIGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and WisdomTree Precious Metals (AIGP.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.
| SPPP.L | AIGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.36 | -0.15 |
| Martin ratioReturn relative to average drawdown | 4.60 | 6.08 | -1.48 |
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
| SPPP.L | AIGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.67 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 1.08 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.76 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.56 | -0.32 |
Drawdowns
SPPP.L vs. AIGP.L - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, smaller than the maximum AIGP.L drawdown of -51.55%. Use the drawdown chart below to compare losses from any high point for SPPP.L and AIGP.L.
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Drawdown Indicators
| SPPP.L | AIGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -51.55% | +6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -33.68% | -21.00% | -12.68% |
Max Drawdown (3Y)Largest decline over 3 years | -33.68% | -21.00% | -12.68% |
Max Drawdown (5Y)Largest decline over 5 years | -33.68% | -21.00% | -12.68% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | -23.05% | -21.81% |
Current DrawdownCurrent decline from peak | -32.01% | -18.42% | -13.59% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -19.70% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.21% | 8.17% | +8.04% |
Volatility
SPPP.L vs. AIGP.L - Volatility Comparison
Invesco Physical Platinum (SPPP.L) has a higher volatility of 10.55% compared to WisdomTree Precious Metals (AIGP.L) at 7.75%. This indicates that SPPP.L's price experiences larger fluctuations and is considered to be riskier than AIGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPP.L | AIGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 7.75% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 41.83% | 26.85% | +14.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.25% | 29.66% | +17.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.09% | 21.10% | +18.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.97% | 20.20% | +16.77% |
SPPP.L vs. AIGP.L - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than AIGP.L's 0.49% expense ratio.
Dividends
SPPP.L vs. AIGP.L - Dividend Comparison
Neither SPPP.L nor AIGP.L has paid dividends to shareholders.
Frequently Asked Questions
SPPP.L and AIGP.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPP.L is cheaper with a 0.19% expense ratio, compared with 0.49% for AIGP.L.
SPPP.L tracks Platinum, while AIGP.L tracks Bloomberg Precious Metals. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.19% for SPPP.L and 0.49% for AIGP.L.
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