SPPP vs. GDXW

Last updated Jun 4, 2026

SPPP (Sprott Physical Platinum and Palladium Trust) and GDXW (Roundhill Gold Miners Weeklypay ETF) are both exchange-traded funds - SPPP is a Precious Metals fund actively managed by Sprott, while GDXW is a Gold fund actively managed by Roundhill. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. SPPP charges 1.02%/yr vs 0.99%/yr for GDXW.

Performance

SPPP vs. GDXW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Platinum and Palladium Trust (SPPP) and Roundhill Gold Miners Weeklypay ETF (GDXW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPPP achieves a -14.37% return, which is significantly lower than GDXW's -4.89% return.

SPPP

• 1D: -4.12%
• 1M: -6.42%
• YTD: -14.37%
• 6M: -2.30%
• 1Y: 39.19%
• 3Y*: 5.59%
• 5Y*: -6.33%
• 10Y*: 8.53%

GDXW

• 1D: -4.02%
• 1M: -1.27%
• YTD: -4.89%
• 6M: 2.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPPP vs. GDXW - Yearly Performance Comparison

	2026 (YTD)	2025
SPPP Sprott Physical Platinum and Palladium Trust	-14.37%	17.68%
GDXW Roundhill Gold Miners Weeklypay ETF	-4.89%	21.25%

Correlation

The correlation between SPPP and GDXW is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.75

Return for Risk

SPPP vs. GDXW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPPP

SPPP Risk / Return Rank: 22
SPPP Sharpe Ratio Rank: 22
SPPP Sortino Ratio Rank: 23
SPPP Omega Ratio Rank: 25
SPPP Calmar Ratio Rank: 23
SPPP Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPPP vs. GDXW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and Roundhill Gold Miners Weeklypay ETF (GDXW). 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.

	SPPP	GDXW	Difference
Sharpe ratio: Return per unit of total volatility	0.77	—	—
Sortino ratio: Return per unit of downside risk	1.23	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.05	—	—
Martin ratio: Return relative to average drawdown	2.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPPP	GDXW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.45	-0.36

Drawdowns

SPPP vs. GDXW - Drawdown Comparison

The maximum SPPP drawdown since its inception was -59.09%, which is greater than GDXW's maximum drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for SPPP and GDXW.

Drawdown Indicators

	SPPP	GDXW	Difference
Max Drawdown Largest peak-to-trough decline	-59.09%	-36.83%	-22.26%
Max Drawdown (1Y) Largest decline over 1 year	-37.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-37.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-58.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.09%	—	—
Current Drawdown Current decline from peak	-36.14%	-32.99%	-3.15%
Average Drawdown Average peak-to-trough decline	-26.48%	-13.45%	-13.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.60%	—	—

Volatility

Volatility by Period

	SPPP	GDXW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.97%	61.39%	-10.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.89%	61.39%	-26.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.10%	61.39%	-28.29%

SPPP vs. GDXW - Expense Ratio Comparison

SPPP has a 1.02% expense ratio, which is higher than GDXW's 0.99% expense ratio.

Dividends

SPPP vs. GDXW - Dividend Comparison

SPPP has not paid dividends to shareholders, while GDXW's dividend yield for the trailing twelve months is around 39.39%.

Position	TTM	2025
GDXW Roundhill Gold Miners Weeklypay ETF	39.39%	7.48%
SPPP Sprott Physical Platinum and Palladium Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPPP and GDXW in my portfolio?

SPPP and GDXW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPPP or GDXW?

On fees, GDXW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPPP or GDXW?

GDXW is cheaper with a 0.99% expense ratio, compared with 1.02% for SPPP.

Which ETF pays a higher dividend yield, SPPP or GDXW?

GDXW has the higher dividend yield at 39.39%, compared with 0.00% for SPPP.

What is the main difference between SPPP and GDXW?

SPPP is categorized as Precious Metals, while GDXW is Gold. They also come from different issuers: Sprott and Roundhill. Their fees differ too: 1.02% for SPPP and 0.99% for GDXW.