SPPP.L vs. SIVR
SPPP.L (Invesco Physical Platinum) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - SPPP.L is a Precious Metals fund tracking the Platinum, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, SPPP.L returned 3.71%/yr vs 11.31%/yr for SIVR. At a 0.49 correlation, their price movements are largely independent. SPPP.L charges 0.19%/yr vs 0.30%/yr for SIVR.
Performance
SPPP.L vs. SIVR - Performance Comparison
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Different Trading Currencies
SPPP.L is traded in GBp, while SIVR is traded in USD. To make them comparable, the SIVR 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 lower than SIVR's -15.42% return. Over the past 10 years, SPPP.L has underperformed SIVR with an annualized return of 3.71%, while SIVR has yielded a comparatively higher 11.31% annualized 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%
SIVR
- 1D
- 1.71%
- 1M
- -20.42%
- YTD
- -15.42%
- 6M
- -21.01%
- 1Y
- 69.40%
- 3Y*
- 35.13%
- 5Y*
- 18.41%
- 10Y*
- 11.31%
SPPP.L vs. SIVR - 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% |
SIVR abrdn Physical Silver Shares ETF | -15.42% | 127.86% | 23.20% | -5.87% | 14.79% | -11.50% | 43.18% | 10.79% | -3.57% | -3.20% |
Correlation
The correlation between SPPP.L and SIVR is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.49 |
The correlation between SPPP.L and SIVR shifts across timeframes, from 0.47 (10 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPP.L vs. SIVR — Risk / Return Rank
SPPP.L
SIVR
SPPP.L vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.44 | -0.96 |
| Martin ratioReturn relative to average drawdown | 1.09 | 3.19 | -2.10 |
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Drawdowns
SPPP.L vs. SIVR - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, smaller than the maximum SIVR drawdown of -69.37%. Use the drawdown chart below to compare losses from any high point for SPPP.L and SIVR.
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Drawdown Indicators
| SPPP.L | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -69.37% | +24.51% |
Max Drawdown (1Y)Largest decline over 1 year | -43.34% | -48.54% | +5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -43.34% | -48.54% | +5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -43.34% | -48.54% | +5.20% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | -48.54% | +3.68% |
Current DrawdownCurrent decline from peak | -43.34% | -47.13% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -39.99% | +20.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.23% | 21.80% | -2.57% |
Volatility
SPPP.L vs. SIVR - Volatility Comparison
The current volatility for Invesco Physical Platinum (SPPP.L) is 10.41%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 14.80%. This indicates that SPPP.L experiences smaller price fluctuations and is considered to be less risky than SIVR 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 | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 14.80% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 39.73% | 56.69% | -16.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.36% | 58.79% | -12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.57% | 34.54% | -3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.77% | 30.48% | -2.71% |
SPPP.L vs. SIVR - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than SIVR's 0.30% expense ratio.
Dividends
SPPP.L vs. SIVR - Dividend Comparison
Neither SPPP.L nor SIVR has paid dividends to shareholders.
Frequently Asked Questions
SPPP.L and SIVR have a correlation of 0.64, 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 0.30% for SIVR.
SPPP.L is categorized as Precious Metals, while SIVR is Silver. SPPP.L tracks Platinum, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: Invesco and abrdn. Their fees differ too: 0.19% for SPPP.L and 0.30% for SIVR.
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