SPPP vs. GDE
SPPP (Sprott Physical Platinum and Palladium Trust) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - SPPP is a Precious Metals fund actively managed by Sprott, while GDE is a Gold fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, SPPP returned 3.47%/yr vs 40.85%/yr for GDE. A 0.52 correlation means they provide meaningful diversification when combined. SPPP charges 1.02%/yr vs 0.20%/yr for GDE.
Performance
SPPP vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPP achieves a -25.48% return, which is significantly lower than GDE's -2.79% return.
SPPP
- 1D
- 2.28%
- 1M
- -17.16%
- YTD
- -25.48%
- 6M
- -30.01%
- 1Y
- 6.36%
- 3Y*
- 3.47%
- 5Y*
- -7.64%
- 10Y*
- 6.70%
GDE
- 1D
- 0.60%
- 1M
- -12.14%
- YTD
- -2.79%
- 6M
- -7.27%
- 1Y
- 34.15%
- 3Y*
- 40.85%
- 5Y*
- —
- 10Y*
- —
SPPP vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPPP Sprott Physical Platinum and Palladium Trust | -25.48% | 89.43% | -11.89% | -25.86% | -20.27% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | -2.79% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between SPPP and GDE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.52 |
The correlation between SPPP and GDE shifts across timeframes, from 0.52 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPP vs. GDE — Risk / Return Rank
SPPP
GDE
SPPP vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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 | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.51 | -1.37 |
| Martin ratioReturn relative to average drawdown | 0.32 | 4.10 | -3.79 |
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Drawdowns
SPPP vs. GDE - Drawdown Comparison
The maximum SPPP drawdown since its inception was -59.09%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for SPPP and GDE.
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Drawdown Indicators
| SPPP | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -32.01% | -27.08% |
Max Drawdown (1Y)Largest decline over 1 year | -45.66% | -22.66% | -23.00% |
Max Drawdown (3Y)Largest decline over 3 years | -45.66% | -22.66% | -23.00% |
Max Drawdown (5Y)Largest decline over 5 years | -58.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | — | — |
Current DrawdownCurrent decline from peak | -44.42% | -21.35% | -23.07% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -8.00% | -18.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.18% | 8.34% | +11.84% |
Volatility
SPPP vs. GDE - Volatility Comparison
Sprott Physical Platinum and Palladium Trust (SPPP) has a higher volatility of 12.63% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 11.71%. This indicates that SPPP's price experiences larger fluctuations and is considered to be riskier than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPP | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.63% | 11.71% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 46.29% | 26.56% | +19.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.74% | 30.44% | +21.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.13% | 27.16% | +7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.29% | 27.16% | +6.13% |
SPPP vs. GDE - Expense Ratio Comparison
SPPP has a 1.02% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
SPPP vs. GDE - Dividend Comparison
SPPP has not paid dividends to shareholders, while GDE's dividend yield for the trailing twelve months is around 4.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.44% | 4.32% | 7.14% | 2.22% | 0.81% |
SPPP Sprott Physical Platinum and Palladium Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPPP and GDE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPPP has higher volatility (12.63%) compared to GDE (11.71%). In terms of maximum drawdown, SPPP dropped -59.09% vs GDE's -32.01%.
On 3-year performance, GDE leads with 40.85% vs 3.47% for SPPP. On fees, GDE is cheaper at 0.20% per year. On volatility, GDE has been the lower-risk option at 11.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 40.85% return vs 3.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 1.02% for SPPP.
GDE has the higher dividend yield at 4.44%, compared with 0.00% for SPPP.
SPPP is categorized as Precious Metals, while GDE is Gold. They also come from different issuers: Sprott and WisdomTree. Their fees differ too: 1.02% for SPPP and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.13 vs 0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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