SPPP.L vs. PLTM
Compare and contrast key facts about Invesco Physical Platinum (SPPP.L) and GraniteShares Platinum Trust (PLTM).
SPPP.L and PLTM 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. PLTM is a passively managed fund by GraniteShares that tracks the performance of the Platinum London PM Fix ($/ozt). It was launched on Jan 22, 2018. Both SPPP.L and PLTM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPPP.L vs. PLTM - Performance Comparison
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SPPP.L vs. PLTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPPP.L Invesco Physical Platinum | -1.52% | 104.81% | -8.43% | -10.70% | 22.05% | -6.96% | 4.80% | 17.40% | -12.51% |
PLTM GraniteShares Platinum Trust | -2.34% | 108.47% | -7.32% | -12.69% | 24.00% | -9.67% | 7.61% | 16.16% | -12.98% |
Different Trading Currencies
SPPP.L is traded in GBp, while PLTM is traded in USD. To make them comparable, the PLTM 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 -1.52% return, which is significantly higher than PLTM's -2.34% return.
SPPP.L
- 1D
- 1.27%
- 1M
- -16.31%
- YTD
- -1.52%
- 6M
- 25.31%
- 1Y
- 88.88%
- 3Y*
- 22.23%
- 5Y*
- 11.11%
- 10Y*
- 7.64%
PLTM
- 1D
- 3.48%
- 1M
- -15.24%
- YTD
- -2.34%
- 6M
- 27.29%
- 1Y
- 90.86%
- 3Y*
- 22.11%
- 5Y*
- 10.64%
- 10Y*
- —
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SPPP.L vs. PLTM - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than PLTM's 0.50% expense ratio.
Return for Risk
SPPP.L vs. PLTM — Risk / Return Rank
SPPP.L
PLTM
SPPP.L vs. PLTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and GraniteShares Platinum Trust (PLTM). 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 | PLTM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 1.89 | +0.06 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.17 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.85 | -0.11 |
Martin ratioReturn relative to average drawdown | 8.16 | 8.53 | -0.38 |
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 | PLTM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 1.89 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.35 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.31 | -0.04 |
Correlation
The correlation between SPPP.L and PLTM is 0.52, 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.
Dividends
SPPP.L vs. PLTM - Dividend Comparison
Neither SPPP.L nor PLTM has paid dividends to shareholders.
Drawdowns
SPPP.L vs. PLTM - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, which is greater than PLTM's maximum drawdown of -36.32%. Use the drawdown chart below to compare losses from any high point for SPPP.L and PLTM.
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Drawdown Indicators
| SPPP.L | PLTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -42.32% | -2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -33.68% | -34.52% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -33.68% | -34.68% | +1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | — | — |
Current DrawdownCurrent decline from peak | -29.42% | -29.20% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -18.60% | -18.35% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.32% | 11.43% | -0.11% |
Volatility
SPPP.L vs. PLTM - Volatility Comparison
Invesco Physical Platinum (SPPP.L) has a higher volatility of 16.67% compared to GraniteShares Platinum Trust (PLTM) at 15.79%. This indicates that SPPP.L's price experiences larger fluctuations and is considered to be riskier than PLTM 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 | PLTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.67% | 15.79% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 41.84% | 44.14% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.38% | 48.48% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.26% | 30.52% | +9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.04% | 29.15% | +7.89% |