SPPP.L vs. SGLN.L
SPPP.L (Invesco Physical Platinum) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SPPP.L is a Precious Metals fund tracking the Platinum, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SPPP.L returned 7.15%/yr vs 14.27%/yr for SGLN.L. At a 0.33 correlation, their price movements are largely independent. SPPP.L charges 0.19%/yr vs 0.12%/yr for SGLN.L.
Performance
SPPP.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPPP.L achieves a -5.12% return, which is significantly lower than SGLN.L's 3.89% return. Over the past 10 years, SPPP.L has underperformed SGLN.L with an annualized return of 7.15%, while SGLN.L has yielded a comparatively higher 14.27% annualized return.
SPPP.L
- 1D
- 0.34%
- 1M
- -3.04%
- YTD
- -5.12%
- 6M
- 13.96%
- 1Y
- 74.71%
- 3Y*
- 17.70%
- 5Y*
- 11.26%
- 10Y*
- 7.15%
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
SPPP.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPP.L Invesco Physical Platinum | -5.12% | 104.81% | -8.43% | -10.70% | 22.05% | -6.96% | 4.80% | 17.40% | -9.50% | -7.13% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between SPPP.L and SGLN.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.33 |
Over the past year, SPPP.L and SGLN.L have become more correlated (0.61) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
SPPP.L vs. SGLN.L — Risk / Return Rank
SPPP.L
SGLN.L
SPPP.L vs. SGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and iShares Physical Gold ETC (SGLN.L). 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 | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.91 | +0.29 |
| Martin ratioReturn relative to average drawdown | 4.60 | 5.05 | -0.45 |
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 | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.45 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 1.23 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.90 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.55 | -0.31 |
Drawdowns
SPPP.L vs. SGLN.L - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, which is greater than SGLN.L's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for SPPP.L and SGLN.L.
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Drawdown Indicators
| SPPP.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -41.71% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -33.68% | -17.57% | -16.11% |
Max Drawdown (3Y)Largest decline over 3 years | -33.68% | -17.57% | -16.11% |
Max Drawdown (5Y)Largest decline over 5 years | -33.68% | -17.57% | -16.11% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | -21.91% | -22.95% |
Current DrawdownCurrent decline from peak | -32.01% | -16.01% | -16.00% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -14.76% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.21% | 6.67% | +9.54% |
Volatility
SPPP.L vs. SGLN.L - Volatility Comparison
Invesco Physical Platinum (SPPP.L) has a higher volatility of 10.55% compared to iShares Physical Gold ETC (SGLN.L) at 5.08%. This indicates that SPPP.L's price experiences larger fluctuations and is considered to be riskier than SGLN.L 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 | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 5.08% | +5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 41.83% | 20.08% | +21.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.25% | 23.19% | +24.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.09% | 16.30% | +23.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.97% | 15.78% | +21.19% |
SPPP.L vs. SGLN.L - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is higher than SGLN.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPPP.L vs. SGLN.L - Dividend Comparison
Neither SPPP.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
SPPP.L and SGLN.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.19% for SPPP.L.
SPPP.L is categorized as Precious Metals, while SGLN.L is Gold. SPPP.L tracks Platinum, while SGLN.L tracks LBMA Gold Price. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for SPPP.L and 0.12% for SGLN.L.
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