SPPP vs. PLTM
SPPP (Sprott Physical Platinum and Palladium Trust) and PLTM (GraniteShares Platinum Trust) are both Precious Metals funds. SPPP is actively managed, while PLTM is passively managed. Over the past 5 years, SPPP returned -5.73%/yr vs 8.97%/yr for PLTM. Their 0.71 correlation means they have sometimes moved together and sometimes differently. SPPP charges 1.02%/yr vs 0.50%/yr for PLTM.
Performance
SPPP vs. PLTM - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPPP having a -20.37% return and PLTM slightly higher at -19.56%.
SPPP
- 1D
- -0.45%
- 1M
- 2.92%
- 6M
- -23.46%
- YTD
- -20.37%
- 1Y
- 11.19%
- 3Y*
- 6.70%
- 5Y*
- -5.73%
- 10Y*
- 5.20%
- ALL TIME*
- 2.58%
PLTM
- 1D
- -0.13%
- 1M
- 2.06%
- 6M
- -22.81%
- YTD
- -19.56%
- 1Y
- 24.86%
- 3Y*
- 20.37%
- 5Y*
- 8.97%
- 10Y*
- —
- ALL TIME*
- 5.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.47M | $3.03M | |
| $7.18M | $7.41M | $7.46M |
SPPP vs. PLTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPPP Sprott Physical Platinum and Palladium Trust | -20.37% | 89.43% | -11.89% | -25.86% | -2.37% | -21.77% | 23.84% | 46.00% | 7.25% |
PLTM GraniteShares Platinum Trust | -19.56% | 124.46% | -8.91% | -8.10% | 10.83% | -10.52% | 10.87% | 20.76% | -20.92% |
Correlation
The correlation between SPPP and PLTM is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018 | 0.71 |
Over the past year, SPPP and PLTM have become more correlated (0.95) than their long-term average of 0.71, meaning their price movements have been converging.
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Return for Risk
SPPP vs. PLTM — Risk / Return Rank
SPPP
PLTM
SPPP vs. PLTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and GraniteShares Platinum Trust (PLTM). 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 | PLTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.14 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.62 | -0.35 |
| Martin ratioReturn relative to average drawdown | 0.52 | 1.20 | -0.68 |
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Drawdowns
SPPP vs. PLTM - Drawdown Comparison
The maximum SPPP drawdown since its inception was -59.09%, which is greater than PLTM's maximum drawdown of -44.07%. Use the drawdown chart below to compare losses from any high point for SPPP and PLTM.
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Drawdown Indicators
| SPPP | PLTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -44.07% | -15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -45.66% | -44.07% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -45.66% | -44.07% | -1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -58.50% | -44.07% | -14.43% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | — | — |
Current DrawdownCurrent decline from peak | -40.61% | -40.58% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -26.65% | -18.95% | -7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.99% | 22.75% | +1.24% |
Volatility
SPPP vs. PLTM - Volatility Comparison
Sprott Physical Platinum and Palladium Trust (SPPP) has a higher volatility of 10.26% compared to GraniteShares Platinum Trust (PLTM) at 9.19%. This indicates that SPPP's price experiences larger fluctuations and is considered to be riskier than PLTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPP | PLTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 9.19% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 39.09% | 38.75% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.22% | 50.54% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.26% | 33.15% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.39% | 31.14% | +2.25% |
SPPP vs. PLTM - Expense Ratio Comparison
SPPP has a 1.02% expense ratio, which is higher than PLTM's 0.50% expense ratio.
Dividends
SPPP vs. PLTM - Dividend Comparison
Neither SPPP nor PLTM has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, SPPP and PLTM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SPPP has higher volatility (10.26%) compared to PLTM (9.19%). In terms of maximum drawdown, SPPP dropped -59.09% vs PLTM's -44.07%.
On 5-year performance, PLTM leads with 8.97% vs -5.73% for SPPP. On fees, PLTM is cheaper at 0.50% per year. On volatility, PLTM has been the lower-risk option at 9.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PLTM has performed better with a 8.97% return vs -5.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLTM is cheaper with a 0.50% expense ratio, compared with 1.02% for SPPP.
SPPP and PLTM have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Sprott and GraniteShares. Their fees differ too: 1.02% for SPPP and 0.50% for PLTM.
PLTM currently has the higher Sharpe Ratio (0.54 vs 0.25), 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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