SPPP vs. IAU
Compare and contrast key facts about Sprott Physical Platinum and Palladium Trust (SPPP) and iShares Gold Trust (IAU).
SPPP and IAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPPP is an actively managed fund by Sprott. It was launched on Dec 19, 2012. IAU is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jan 21, 2005.
Performance
SPPP vs. IAU - Performance Comparison
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SPPP vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPP Sprott Physical Platinum and Palladium Trust | -7.78% | 89.43% | -11.89% | -25.86% | -2.37% | -21.77% | 23.84% | 46.00% | 5.53% | 35.36% |
IAU iShares Gold Trust | 8.61% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Returns By Period
In the year-to-date period, SPPP achieves a -7.78% return, which is significantly lower than IAU's 8.61% return. Over the past 10 years, SPPP has underperformed IAU with an annualized return of 9.27%, while IAU has yielded a comparatively higher 14.08% annualized return.
SPPP
- 1D
- 4.93%
- 1M
- -18.00%
- YTD
- -7.78%
- 6M
- 14.36%
- 1Y
- 56.24%
- 3Y*
- 8.35%
- 5Y*
- -4.20%
- 10Y*
- 9.27%
IAU
- 1D
- 3.80%
- 1M
- -11.01%
- YTD
- 8.61%
- 6M
- 21.15%
- 1Y
- 49.53%
- 3Y*
- 33.12%
- 5Y*
- 21.78%
- 10Y*
- 14.08%
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SPPP vs. IAU - Expense Ratio Comparison
SPPP has a 1.02% expense ratio, which is higher than IAU's 0.25% expense ratio.
Return for Risk
SPPP vs. IAU — Risk / Return Rank
SPPP
IAU
SPPP vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and iShares Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.80 | -0.66 |
Sortino ratioReturn per unit of downside risk | 1.56 | 2.24 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.69 | -1.11 |
Martin ratioReturn relative to average drawdown | 4.81 | 9.97 | -5.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPPP | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.80 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 1.24 | -1.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.89 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.64 | -0.53 |
Correlation
The correlation between SPPP and IAU is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPPP vs. IAU - Dividend Comparison
Neither SPPP nor IAU has paid dividends to shareholders.
Drawdowns
SPPP vs. IAU - Drawdown Comparison
The maximum SPPP drawdown since its inception was -59.09%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for SPPP and IAU.
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Drawdown Indicators
| SPPP | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -45.14% | -13.95% |
Max Drawdown (1Y)Largest decline over 1 year | -37.42% | -19.18% | -18.24% |
Max Drawdown (5Y)Largest decline over 5 years | -59.09% | -20.93% | -38.16% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | -21.82% | -37.27% |
Current DrawdownCurrent decline from peak | -31.22% | -13.20% | -18.02% |
Average DrawdownAverage peak-to-trough decline | -26.42% | -15.98% | -10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 5.18% | +7.12% |
Volatility
SPPP vs. IAU - Volatility Comparison
Sprott Physical Platinum and Palladium Trust (SPPP) has a higher volatility of 16.95% compared to iShares Gold Trust (IAU) at 11.02%. This indicates that SPPP's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPP | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.95% | 11.02% | +5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 46.40% | 24.11% | +22.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.39% | 27.62% | +21.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.38% | 17.69% | +16.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.88% | 15.82% | +17.06% |