SPPP.L vs. PHYS
Compare and contrast key facts about Invesco Physical Platinum (SPPP.L) and Sprott Physical Gold Trust (PHYS).
SPPP.L is a passively managed fund by Invesco that tracks the performance of the Platinum. It was launched on Apr 13, 2011.
Performance
SPPP.L vs. PHYS - Performance Comparison
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SPPP.L vs. PHYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPP.L Invesco Physical Platinum | 0.03% | 104.81% | -8.43% | -10.70% | 22.05% | -6.96% | 4.80% | 17.40% | -9.50% | -7.13% |
PHYS Sprott Physical Gold Trust | 11.13% | 52.27% | 28.64% | 7.33% | 9.86% | -3.94% | 20.25% | 13.64% | 3.13% | 3.03% |
Different Trading Currencies
SPPP.L is traded in GBp, while PHYS is traded in USD. To make them comparable, the PHYS 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 0.03% return, which is significantly lower than PHYS's 11.13% return. Over the past 10 years, SPPP.L has underperformed PHYS with an annualized return of 7.81%, while PHYS has yielded a comparatively higher 14.43% annualized return.
SPPP.L
- 1D
- 1.57%
- 1M
- -12.97%
- YTD
- 0.03%
- 6M
- 28.70%
- 1Y
- 92.90%
- 3Y*
- 22.87%
- 5Y*
- 11.45%
- 10Y*
- 7.81%
PHYS
- 1D
- 1.63%
- 1M
- -10.30%
- YTD
- 11.13%
- 6M
- 23.68%
- 1Y
- 45.79%
- 3Y*
- 29.52%
- 5Y*
- 22.65%
- 10Y*
- 14.43%
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Return for Risk
SPPP.L vs. PHYS — Risk / Return Rank
SPPP.L
PHYS
SPPP.L vs. PHYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and Sprott Physical Gold Trust (PHYS). 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 | PHYS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 1.72 | +0.31 |
Sortino ratioReturn per unit of downside risk | 2.31 | 2.12 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.32 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.49 | +0.35 |
Martin ratioReturn relative to average drawdown | 8.35 | 9.46 | -1.11 |
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 | PHYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.72 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.35 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.87 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.53 | -0.25 |
Correlation
The correlation between SPPP.L and PHYS is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPPP.L vs. PHYS - Dividend Comparison
Neither SPPP.L nor PHYS has paid dividends to shareholders.
Drawdowns
SPPP.L vs. PHYS - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, roughly equal to the maximum PHYS drawdown of -44.94%. Use the drawdown chart below to compare losses from any high point for SPPP.L and PHYS.
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Drawdown Indicators
| SPPP.L | PHYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -48.16% | +3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -33.68% | -19.35% | -14.33% |
Max Drawdown (5Y)Largest decline over 5 years | -33.68% | -21.80% | -11.88% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | -23.75% | -21.11% |
Current DrawdownCurrent decline from peak | -28.31% | -11.80% | -16.51% |
Average DrawdownAverage peak-to-trough decline | -18.60% | -21.07% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.46% | 5.38% | +6.08% |
Volatility
SPPP.L vs. PHYS - Volatility Comparison
Invesco Physical Platinum (SPPP.L) has a higher volatility of 14.71% compared to Sprott Physical Gold Trust (PHYS) at 10.97%. This indicates that SPPP.L's price experiences larger fluctuations and is considered to be riskier than PHYS 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 | PHYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.71% | 10.97% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 41.86% | 24.12% | +17.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.38% | 26.70% | +19.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.27% | 16.80% | +23.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.03% | 16.63% | +20.40% |