SPPP.L vs. GLD
Compare and contrast key facts about Invesco Physical Platinum (SPPP.L) and SPDR Gold Trust (GLD).
SPPP.L and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPPP.L is a passively managed fund by Invesco that tracks the performance of the Platinum. It was launched on Apr 13, 2011. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both SPPP.L and GLD 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: SPPP.L or GLD.
Key characteristics
| SPPP.L | GLD | |
|---|---|---|
| YTD Return | -2.90% | 29.28% |
| 1Y Return | 3.58% | 38.62% |
| 3Y Return (Ann) | -0.32% | 14.38% |
| 5Y Return (Ann) | 1.77% | 12.01% |
| 10Y Return (Ann) | -0.53% | 7.60% |
| Sharpe Ratio | 0.21 | 2.76 |
| Sortino Ratio | 0.48 | 3.71 |
| Omega Ratio | 1.05 | 1.48 |
| Calmar Ratio | 0.20 | 4.83 |
| Martin Ratio | 0.57 | 17.63 |
| Ulcer Index | 9.28% | 2.21% |
| Daily Std Dev | 25.04% | 14.10% |
| Max Drawdown | -44.86% | -45.56% |
| Current Drawdown | -18.63% | 0.00% |
Correlation
The correlation between SPPP.L and GLD is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPPP.L vs. GLD - Performance Comparison
In the year-to-date period, SPPP.L achieves a -2.90% return, which is significantly lower than GLD's 29.28% return. Over the past 10 years, SPPP.L has underperformed GLD with an annualized return of -0.53%, while GLD has yielded a comparatively higher 7.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPPP.L vs. GLD - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
SPPP.L vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and SPDR Gold Trust (GLD). 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
SPPP.L vs. GLD - Dividend Comparison
Neither SPPP.L nor GLD has paid dividends to shareholders.
Drawdowns
SPPP.L vs. GLD - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, roughly equal to the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for SPPP.L and GLD. For additional features, visit the drawdowns tool.
Volatility
SPPP.L vs. GLD - Volatility Comparison
Invesco Physical Platinum (SPPP.L) has a higher volatility of 7.76% compared to SPDR Gold Trust (GLD) at 3.48%. This indicates that SPPP.L's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.