SPPP vs. GLTR
SPPP (Sprott Physical Platinum and Palladium Trust) and GLTR (abrdn Physical Precious Metals Basket Shares ETF) are both Precious Metals funds. SPPP is actively managed, while GLTR is passively managed. Over the past 10 years, SPPP returned 6.70%/yr vs 10.84%/yr for GLTR. A 0.66 correlation means they provide meaningful diversification when combined. SPPP charges 1.02%/yr vs 0.60%/yr for GLTR.
Performance
SPPP vs. GLTR - 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 GLTR's -12.36% return. Over the past 10 years, SPPP has underperformed GLTR with an annualized return of 6.70%, while GLTR has yielded a comparatively higher 10.84% annualized 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%
GLTR
- 1D
- 1.12%
- 1M
- -16.17%
- YTD
- -12.36%
- 6M
- -15.32%
- 1Y
- 29.48%
- 3Y*
- 27.25%
- 5Y*
- 13.42%
- 10Y*
- 10.84%
SPPP vs. GLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPP Sprott Physical Platinum and Palladium Trust | -25.48% | 89.43% | -11.89% | -25.86% | -2.37% | -21.77% | 23.84% | 46.00% | 5.53% | 35.36% |
GLTR abrdn Physical Precious Metals Basket Shares ETF | -12.36% | 87.25% | 20.63% | 2.01% | -0.25% | -9.60% | 29.52% | 20.96% | -2.85% | 12.94% |
Correlation
The correlation between SPPP and GLTR is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2012 | 0.66 |
The correlation between SPPP and GLTR shifts across timeframes, from 0.66 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPP vs. GLTR — Risk / Return Rank
SPPP
GLTR
SPPP vs. GLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and abrdn Physical Precious Metals Basket Shares ETF (GLTR). 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 | GLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.17 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.79 | -0.65 |
| Martin ratioReturn relative to average drawdown | 0.32 | 1.96 | -1.65 |
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Drawdowns
SPPP vs. GLTR - Drawdown Comparison
The maximum SPPP drawdown since its inception was -59.09%, which is greater than GLTR's maximum drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for SPPP and GLTR.
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Drawdown Indicators
| SPPP | GLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -55.70% | -3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -45.66% | -37.52% | -8.14% |
Max Drawdown (3Y)Largest decline over 3 years | -45.66% | -37.52% | -8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -58.50% | -37.52% | -20.98% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | -37.52% | -21.57% |
Current DrawdownCurrent decline from peak | -44.42% | -36.82% | -7.60% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -28.83% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.18% | 15.05% | +5.13% |
Volatility
SPPP vs. GLTR - Volatility Comparison
Sprott Physical Platinum and Palladium Trust (SPPP) has a higher volatility of 12.63% compared to abrdn Physical Precious Metals Basket Shares ETF (GLTR) at 10.83%. This indicates that SPPP's price experiences larger fluctuations and is considered to be riskier than GLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPP | GLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.63% | 10.83% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 46.29% | 36.71% | +9.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.74% | 39.05% | +12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.13% | 23.99% | +11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.29% | 20.73% | +12.56% |
SPPP vs. GLTR - Expense Ratio Comparison
SPPP has a 1.02% expense ratio, which is higher than GLTR's 0.60% expense ratio.
Dividends
SPPP vs. GLTR - Dividend Comparison
Neither SPPP nor GLTR has paid dividends to shareholders.
Frequently Asked Questions
SPPP and GLTR have a correlation of 0.80, 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 GLTR (10.83%). In terms of maximum drawdown, SPPP dropped -59.09% vs GLTR's -55.70%.
On 10-year performance, GLTR leads with 10.84% vs 6.70% for SPPP. On fees, GLTR is cheaper at 0.60% per year. On volatility, GLTR has been the lower-risk option at 10.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLTR has performed better with a 10.84% return vs 6.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLTR is cheaper with a 0.60% expense ratio, compared with 1.02% for SPPP.
SPPP and GLTR have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Sprott and abrdn. Their fees differ too: 1.02% for SPPP and 0.60% for GLTR.
GLTR currently has the higher Sharpe Ratio (0.76 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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