SPPP.L vs. GDE
SPPP.L (Invesco Physical Platinum) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - SPPP.L is a Precious Metals fund tracking the Platinum, while GDE is a Gold fund actively managed by WisdomTree. SPPP.L is passively managed, while GDE is actively managed. Over the past 3 years, SPPP.L returned 17.70%/yr vs 43.39%/yr for GDE. At a 0.29 correlation, their price movements are largely independent. SPPP.L charges 0.19%/yr vs 0.20%/yr for GDE.
Performance
SPPP.L vs. GDE - Performance Comparison
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Different Trading Currencies
SPPP.L is traded in GBp, while GDE is traded in USD. To make them comparable, the GDE 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 GDE's 11.71% 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%
GDE
- 1D
- 1.33%
- 1M
- 3.01%
- YTD
- 11.71%
- 6M
- 12.72%
- 1Y
- 55.99%
- 3Y*
- 43.39%
- 5Y*
- —
- 10Y*
- —
SPPP.L vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPPP.L Invesco Physical Platinum | -5.12% | 104.81% | -8.43% | -10.70% | 12.32% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 11.71% | 61.38% | 47.32% | 27.16% | -11.58% |
Correlation
The correlation between SPPP.L and GDE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.29 |
The correlation between SPPP.L and GDE shifts across timeframes, from 0.29 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPP.L vs. GDE — Risk / Return Rank
SPPP.L
GDE
SPPP.L vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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 | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.38 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.77 | -0.57 |
| Martin ratioReturn relative to average drawdown | 4.60 | 9.20 | -4.61 |
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 | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.12 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.28 | -1.04 |
Drawdowns
SPPP.L vs. GDE - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, which is greater than GDE's maximum drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for SPPP.L and GDE.
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Drawdown Indicators
| SPPP.L | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -20.28% | -24.58% |
Max Drawdown (1Y)Largest decline over 1 year | -33.68% | -20.28% | -13.40% |
Max Drawdown (3Y)Largest decline over 3 years | -33.68% | -20.28% | -13.40% |
Max Drawdown (5Y)Largest decline over 5 years | -33.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | — | — |
Current DrawdownCurrent decline from peak | -32.01% | -7.83% | -24.18% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -5.44% | -13.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.21% | 6.10% | +10.11% |
Volatility
SPPP.L vs. GDE - Volatility Comparison
Invesco Physical Platinum (SPPP.L) has a higher volatility of 10.55% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 5.86%. This indicates that SPPP.L's price experiences larger fluctuations and is considered to be riskier than GDE 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 | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 5.86% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 41.83% | 22.41% | +19.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.25% | 26.51% | +20.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.09% | 23.35% | +16.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.97% | 23.35% | +13.62% |
SPPP.L vs. GDE - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than GDE's 0.20% 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
SPPP.L vs. GDE - Dividend Comparison
SPPP.L has not paid dividends to shareholders, while GDE's dividend yield for the trailing twelve months is around 3.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.88% | 4.32% | 7.14% | 2.22% | 0.81% |
SPPP.L Invesco Physical Platinum | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPPP.L and GDE have a correlation of 0.47, 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 0.20% for GDE.
SPPP.L is categorized as Precious Metals, while GDE is Gold. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.19% for SPPP.L and 0.20% for GDE.
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