SPPP.L vs. MNS.TO
SPPP.L (Invesco Physical Platinum) and MNS.TO (Royal Canadian Mint - Canadian Silver Reserves) are both exchange-traded funds - SPPP.L is a Precious Metals fund tracking the Platinum, while MNS.TO is a Silver fund tracking the N/A (Physical Bullion). Both are passively managed. Over the past 5 years, SPPP.L returned 8.18%/yr vs 17.93%/yr for MNS.TO. At a 0.40 correlation, their price movements are largely independent. SPPP.L charges 0.19%/yr vs 0.45%/yr for MNS.TO.
Performance
SPPP.L vs. MNS.TO - Performance Comparison
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Different Trading Currencies
SPPP.L is traded in GBp, while MNS.TO is traded in CAD. To make them comparable, the MNS.TO 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 MNS.TO's -24.46% 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%
MNS.TO
- 1D
- 2.89%
- 1M
- -19.62%
- YTD
- -24.46%
- 6M
- -28.00%
- 1Y
- 64.95%
- 3Y*
- 37.08%
- 5Y*
- 17.93%
- 10Y*
- —
SPPP.L vs. MNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPP.L Invesco Physical Platinum | -20.95% | 104.81% | -8.43% | -10.70% | 24.01% | -10.35% | 7.05% | 17.67% | -9.95% | -6.88% |
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | -24.46% | 154.12% | 32.95% | -8.37% | 10.76% | -14.62% | 44.86% | 10.21% | -3.90% | -3.61% |
Correlation
The correlation between SPPP.L and MNS.TO 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 | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2016 | 0.40 |
Over the past year, SPPP.L and MNS.TO have become more correlated (0.60) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
SPPP.L vs. MNS.TO — Risk / Return Rank
SPPP.L
MNS.TO
SPPP.L vs. MNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and Royal Canadian Mint - Canadian Silver Reserves (MNS.TO). 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 | MNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.38 | -0.90 |
| Martin ratioReturn relative to average drawdown | 1.09 | 3.28 | -2.19 |
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Drawdowns
SPPP.L vs. MNS.TO - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, roughly equal to the maximum MNS.TO drawdown of -47.22%. Use the drawdown chart below to compare losses from any high point for SPPP.L and MNS.TO.
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Drawdown Indicators
| SPPP.L | MNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -47.22% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -43.34% | -47.22% | +3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -43.34% | -47.22% | +3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -43.34% | -47.22% | +3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | — | — |
Current DrawdownCurrent decline from peak | -43.34% | -43.16% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -16.87% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.23% | 19.84% | -0.61% |
Volatility
SPPP.L vs. MNS.TO - Volatility Comparison
The current volatility for Invesco Physical Platinum (SPPP.L) is 10.41%, while Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) has a volatility of 14.10%. This indicates that SPPP.L experiences smaller price fluctuations and is considered to be less risky than MNS.TO 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 | MNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 14.10% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 39.73% | 50.92% | -11.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.36% | 54.72% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.57% | 34.00% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.77% | 31.25% | -3.48% |
SPPP.L vs. MNS.TO - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than MNS.TO's 0.45% expense ratio.
Dividends
SPPP.L vs. MNS.TO - Dividend Comparison
Neither SPPP.L nor MNS.TO has paid dividends to shareholders.
Frequently Asked Questions
SPPP.L and MNS.TO 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, 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 0.45% for MNS.TO.
SPPP.L is categorized as Precious Metals, while MNS.TO is Silver. SPPP.L tracks Platinum, while MNS.TO tracks N/A (Physical Bullion). They also come from different issuers: Invesco and Royal Canadian Mint. Their fees differ too: 0.19% for SPPP.L and 0.45% for MNS.TO.
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