SPPP.L vs. PALL
Compare and contrast key facts about Invesco Physical Platinum (SPPP.L) and Aberdeen Standard Physical Palladium Shares ETF (PALL).
SPPP.L and PALL 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. PALL is a passively managed fund by Abrdn Plc that tracks the performance of the Palladium London PM Fix ($/ozt). It was launched on Jan 6, 2010. Both SPPP.L and PALL 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 PALL.
Key characteristics
| SPPP.L | PALL | |
|---|---|---|
| YTD Return | -2.90% | -6.78% |
| 1Y Return | 3.58% | -10.38% |
| 3Y Return (Ann) | -0.32% | -21.39% |
| 5Y Return (Ann) | 1.77% | -10.76% |
| 10Y Return (Ann) | -0.53% | 2.55% |
| Sharpe Ratio | 0.21 | -0.29 |
| Sortino Ratio | 0.48 | -0.18 |
| Omega Ratio | 1.05 | 0.98 |
| Calmar Ratio | 0.20 | -0.15 |
| Martin Ratio | 0.57 | -0.57 |
| Ulcer Index | 9.28% | 19.33% |
| Daily Std Dev | 25.04% | 38.00% |
| Max Drawdown | -44.86% | -73.63% |
| Current Drawdown | -18.63% | -68.05% |
Correlation
The correlation between SPPP.L and PALL is 0.46, 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. PALL - Performance Comparison
In the year-to-date period, SPPP.L achieves a -2.90% return, which is significantly higher than PALL's -6.78% return. Over the past 10 years, SPPP.L has underperformed PALL with an annualized return of -0.53%, while PALL has yielded a comparatively higher 2.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPPP.L vs. PALL - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than PALL's 0.60% expense ratio.
Risk-Adjusted Performance
SPPP.L vs. PALL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and Aberdeen Standard Physical Palladium Shares ETF (PALL). 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. PALL - Dividend Comparison
Neither SPPP.L nor PALL has paid dividends to shareholders.
Drawdowns
SPPP.L vs. PALL - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, smaller than the maximum PALL drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for SPPP.L and PALL. For additional features, visit the drawdowns tool.
Volatility
SPPP.L vs. PALL - Volatility Comparison
The current volatility for Invesco Physical Platinum (SPPP.L) is 7.76%, while Aberdeen Standard Physical Palladium Shares ETF (PALL) has a volatility of 11.17%. This indicates that SPPP.L experiences smaller price fluctuations and is considered to be less risky than PALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.