SPPP.L vs. IVVD

Last updated Jul 1, 2026

SPPP.L (Invesco Physical Platinum) is Precious Metals fund tracking the Platinum, while IVVD (Invivyd Inc.) is a stock. Over the past 3 years, SPPP.L returned 17.64%/yr vs -7.29%/yr for IVVD. At a 0.09 correlation, their price movements are largely independent.

Performance

SPPP.L vs. IVVD - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Physical Platinum (SPPP.L) and Invivyd Inc. (IVVD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPPP.L is traded in GBp, while IVVD is traded in USD. To make them comparable, the IVVD 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 -20.95% return, which is significantly higher than IVVD's -64.06% return.

SPPP.L

• 1D: -1.64%
• 1M: -17.86%
• YTD: -20.95%
• 6M: -28.29%
• 1Y: 20.98%
• 3Y*: 17.64%
• 5Y*: 8.18%
• 10Y*: 3.71%

IVVD

• 1D: -7.45%
• 1M: -22.23%
• YTD: -64.06%
• 6M: -63.48%
• 1Y: 26.51%
• 3Y*: -7.29%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPPP.L vs. IVVD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPPP.L Invesco Physical Platinum	-20.95%	104.81%	-8.43%	-10.70%	24.01%	-2.50%
IVVD Invivyd Inc.	-64.06%	417.72%	-88.56%	149.54%	-76.88%	-64.56%

Correlation

The correlation between SPPP.L and IVVD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.09

Return for Risk

SPPP.L vs. IVVD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPPP.L

SPPP.L Risk / Return Rank: 16
SPPP.L Sharpe Ratio Rank: 16
SPPP.L Sortino Ratio Rank: 17
SPPP.L Omega Ratio Rank: 19
SPPP.L Calmar Ratio Rank: 15
SPPP.L Martin Ratio Rank: 14

IVVD

IVVD Risk / Return Rank: 57
IVVD Sharpe Ratio Rank: 49
IVVD Sortino Ratio Rank: 68
IVVD Omega Ratio Rank: 64
IVVD Calmar Ratio Rank: 51
IVVD Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPPP.L vs. IVVD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and Invivyd Inc. (IVVD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPPP.L	IVVD	Difference
Sharpe ratio: Return per unit of total volatility	0.45	0.19	+0.26
Sortino ratio: Return per unit of downside risk	0.87	1.54	-0.67
Omega ratio: Gain probability vs. loss probability	1.12	1.17	-0.05
Calmar ratio: Return relative to maximum drawdown	0.48	0.36	+0.12
Martin ratio: Return relative to average drawdown	1.09	0.74	+0.35

SPPP.L vs. IVVD - Sharpe Ratio Comparison

The current SPPP.L Sharpe Ratio is 0.45, which is higher than the IVVD Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of SPPP.L and IVVD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPPP.L vs. IVVD - Drawdown Comparison

The maximum SPPP.L drawdown since its inception was -44.86%, smaller than the maximum IVVD drawdown of -99.29%. Use the drawdown chart below to compare losses from any high point for SPPP.L and IVVD.

Drawdown Indicators

	SPPP.L	IVVD	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-99.29%	+54.43%
Max Drawdown (1Y) Largest decline over 1 year	-43.34%	-73.39%	+30.05%
Max Drawdown (3Y) Largest decline over 3 years	-43.34%	-92.77%	+49.43%
Max Drawdown (5Y) Largest decline over 5 years	-43.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.86%	—	—
Current Drawdown Current decline from peak	-43.34%	-98.38%	+55.04%
Average Drawdown Average peak-to-trough decline	-19.62%	-90.79%	+71.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.23%	36.05%	-16.82%

Volatility

SPPP.L vs. IVVD - Volatility Comparison

The current volatility for Invesco Physical Platinum (SPPP.L) is 10.41%, while Invivyd Inc. (IVVD) has a volatility of 27.85%. This indicates that SPPP.L experiences smaller price fluctuations and is considered to be less risky than IVVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPP.L	IVVD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.41%	27.85%	-17.44%
Volatility (6M) Calculated over the trailing 6-month period	39.73%	65.51%	-25.78%
Volatility (1Y) Calculated over the trailing 1-year period	46.36%	139.51%	-93.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.57%	177.37%	-146.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.77%	177.37%	-149.60%

Dividends

SPPP.L vs. IVVD - Dividend Comparison

Neither SPPP.L nor IVVD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPPP.L and IVVD in my portfolio?

SPPP.L and IVVD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.