SPPP.L vs. XSLE.DE
SPPP.L (Invesco Physical Platinum) and XSLE.DE (Xtrackers IE Physical Silver (EUR Hedged) ETC Securities) are both exchange-traded funds - SPPP.L is a Precious Metals fund tracking the Platinum, while XSLE.DE is a Silver fund tracking the LBMA Silver Price (EUR Hedged). Both are passively managed. Over the past 5 years, SPPP.L returned 8.18%/yr vs 12.89%/yr for XSLE.DE. A 0.55 correlation means they provide meaningful diversification when combined. SPPP.L charges 0.19%/yr vs 0.73%/yr for XSLE.DE.
Performance
SPPP.L vs. XSLE.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SPPP.L is traded in GBp, while XSLE.DE is traded in EUR. To make them comparable, the XSLE.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 XSLE.DE's -27.13% 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%
XSLE.DE
- 1D
- 0.00%
- 1M
- -24.53%
- YTD
- -27.13%
- 6M
- -27.13%
- 1Y
- 53.82%
- 3Y*
- 31.40%
- 5Y*
- 12.89%
- 10Y*
- —
SPPP.L vs. XSLE.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% | 26.25% |
XSLE.DE Xtrackers IE Physical Silver (EUR Hedged) ETC Securities | -27.13% | 162.25% | 14.91% | -6.76% | 5.78% | -21.27% | 69.61% |
Correlation
The correlation between SPPP.L and XSLE.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 14, 2020 | 0.55 |
The correlation between SPPP.L and XSLE.DE shifts across timeframes, from 0.55 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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. XSLE.DE — Risk / Return Rank
SPPP.L
XSLE.DE
SPPP.L vs. XSLE.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 Silver (EUR Hedged) ETC Securities (XSLE.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 | XSLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.06 | -0.58 |
| Martin ratioReturn relative to average drawdown | 1.09 | 2.38 | -1.29 |
Loading charts...
Drawdowns
SPPP.L vs. XSLE.DE - Drawdown Comparison
The maximum SPPP.L drawdown since its inception was -44.86%, smaller than the maximum XSLE.DE drawdown of -50.63%. Use the drawdown chart below to compare losses from any high point for SPPP.L and XSLE.DE.
Loading charts...
Drawdown Indicators
| SPPP.L | XSLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -50.63% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -43.34% | -50.63% | +7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -43.34% | -50.63% | +7.29% |
Max Drawdown (5Y)Largest decline over 5 years | -43.34% | -50.63% | +7.29% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | — | — |
Current DrawdownCurrent decline from peak | -43.34% | -50.63% | +7.29% |
Average DrawdownAverage peak-to-trough decline | -19.62% | -21.00% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.23% | 22.58% | -3.35% |
Volatility
SPPP.L vs. XSLE.DE - Volatility Comparison
The current volatility for Invesco Physical Platinum (SPPP.L) is 10.41%, while Xtrackers IE Physical Silver (EUR Hedged) ETC Securities (XSLE.DE) has a volatility of 15.37%. This indicates that SPPP.L experiences smaller price fluctuations and is considered to be less risky than XSLE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPPP.L | XSLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 15.37% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 39.73% | 54.86% | -15.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.36% | 58.26% | -11.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.57% | 35.60% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.77% | 35.59% | -7.82% |
SPPP.L vs. XSLE.DE - Expense Ratio Comparison
SPPP.L has a 0.19% expense ratio, which is lower than XSLE.DE's 0.73% expense ratio.
Dividends
SPPP.L vs. XSLE.DE - Dividend Comparison
Neither SPPP.L nor XSLE.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPP.L and XSLE.DE have a correlation of 0.72, 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 0.73% for XSLE.DE.
SPPP.L is categorized as Precious Metals, while XSLE.DE is Silver. SPPP.L tracks Platinum, while XSLE.DE tracks LBMA Silver Price (EUR Hedged). They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for SPPP.L and 0.73% for XSLE.DE.
Find the right allocation for SPPP.L and XSLE.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