SPPP.L vs. SPLT.L
Compare and contrast key facts about Invesco Physical Platinum (SPPP.L) and iShares Physical Platinum ETC (SPLT.L).
SPPP.L and SPLT.L 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. SPLT.L is a passively managed fund by iShares that tracks the performance of the Platinum. It was launched on Apr 8, 2011. Both SPPP.L and SPLT.L 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 SPLT.L.
Key characteristics
| SPPP.L | SPLT.L | |
|---|---|---|
| YTD Return | -2.90% | -2.80% |
| 1Y Return | 3.58% | 3.65% |
| 3Y Return (Ann) | -0.32% | -0.29% |
| 5Y Return (Ann) | 1.77% | 1.81% |
| 10Y Return (Ann) | -0.53% | -0.52% |
| Sharpe Ratio | 0.21 | 0.22 |
| Sortino Ratio | 0.48 | 0.49 |
| Omega Ratio | 1.05 | 1.05 |
| Calmar Ratio | 0.20 | 0.12 |
| Martin Ratio | 0.57 | 0.58 |
| Ulcer Index | 9.28% | 9.32% |
| Daily Std Dev | 25.04% | 25.13% |
| Max Drawdown | -44.86% | -58.05% |
| Current Drawdown | -18.63% | -37.07% |
Correlation
The correlation between SPPP.L and SPLT.L is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPPP.L vs. SPLT.L - Performance Comparison
The year-to-date returns for both investments are quite close, with SPPP.L having a -2.90% return and SPLT.L slightly higher at -2.80%. Both investments have delivered pretty close results over the past 10 years, with SPPP.L having a -0.53% annualized return and SPLT.L not far ahead at -0.52%. 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. SPLT.L - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than SPLT.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPPP.L vs. SPLT.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and iShares Physical Platinum ETC (SPLT.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.
Dividends
SPPP.L vs. SPLT.L - Dividend Comparison
Neither SPPP.L nor SPLT.L has paid dividends to shareholders.
Drawdowns
SPPP.L vs. SPLT.L - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, smaller than the maximum SPLT.L drawdown of -58.05%. Use the drawdown chart below to compare losses from any high point for SPPP.L and SPLT.L. For additional features, visit the drawdowns tool.
Volatility
SPPP.L vs. SPLT.L - Volatility Comparison
Invesco Physical Platinum (SPPP.L) and iShares Physical Platinum ETC (SPLT.L) have volatilities of 7.76% and 7.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.