SPPP.L vs. XPPT.DE
SPPP.L (Invesco Physical Platinum) and XPPT.DE (Xtrackers IE Physical Platinum ETC Securities) are both Precious Metals funds tracking the Platinum, from Invesco and Xtrackers respectively. Both are passively managed. Over the past 5 years, SPPP.L returned 8.18%/yr vs 8.29%/yr for XPPT.DE. Their correlation of 0.92 suggests significant overlap in exposure. SPPP.L charges 0.19%/yr vs 0.38%/yr for XPPT.DE.
Performance
SPPP.L vs. XPPT.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SPPP.L is traded in GBp, while XPPT.DE is traded in EUR. To make them comparable, the XPPT.DE 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 higher than XPPT.DE's -28.05% 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%
XPPT.DE
- 1D
- 0.00%
- 1M
- -16.54%
- YTD
- -28.05%
- 6M
- -28.05%
- 1Y
- 22.08%
- 3Y*
- 17.99%
- 5Y*
- 8.29%
- 10Y*
- —
SPPP.L vs. XPPT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPPP.L Invesco Physical Platinum | -20.95% | 104.81% | -8.43% | -10.70% | 24.01% | -10.35% | 25.79% |
XPPT.DE Xtrackers IE Physical Platinum ETC Securities | -28.05% | 125.60% | -7.56% | -10.75% | 22.56% | -8.85% | 13.62% |
Correlation
The correlation between SPPP.L and XPPT.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020 | 0.92 |
The correlation between SPPP.L and XPPT.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPPP.L vs. XPPT.DE — Risk / Return Rank
SPPP.L
XPPT.DE
SPPP.L vs. XPPT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Platinum (SPPP.L) and Xtrackers IE Physical Platinum ETC Securities (XPPT.DE). 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 | XPPT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.52 | -0.04 |
| Martin ratioReturn relative to average drawdown | 1.09 | 1.11 | -0.02 |
Loading charts...
Drawdowns
SPPP.L vs. XPPT.DE - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, which is greater than XPPT.DE's maximum drawdown of -42.69%. Use the drawdown chart below to compare losses from any high point for SPPP.L and XPPT.DE.
Loading charts...
Drawdown Indicators
| SPPP.L | XPPT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -42.69% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -43.34% | -42.69% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -43.34% | -42.69% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -43.34% | -42.69% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | — | — |
Current DrawdownCurrent decline from peak | -43.34% | -42.69% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -15.94% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.23% | 19.93% | -0.70% |
Volatility
SPPP.L vs. XPPT.DE - Volatility Comparison
Invesco Physical Platinum (SPPP.L) and Xtrackers IE Physical Platinum ETC Securities (XPPT.DE) have volatilities of 10.41% and 10.57%, 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.
Loading charts...
Volatility by Period
| SPPP.L | XPPT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 10.57% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 39.73% | 38.89% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.36% | 49.71% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.57% | 31.57% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.77% | 32.04% | -4.27% |
SPPP.L vs. XPPT.DE - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than XPPT.DE's 0.38% expense ratio.
Dividends
SPPP.L vs. XPPT.DE - Dividend Comparison
Neither SPPP.L nor XPPT.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SPPP.L and XPPT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.38% for XPPT.DE.
Both ETFs track Platinum. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for SPPP.L and 0.38% for XPPT.DE.
Find the right allocation for SPPP.L and XPPT.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer