SPPP vs. SGDJ

Last updated Jun 4, 2026

SPPP (Sprott Physical Platinum and Palladium Trust) and SGDJ (Sprott Junior Gold Miners ETF) are both exchange-traded funds - SPPP is a Precious Metals fund actively managed by Sprott, while SGDJ is a Materials fund tracking the Solactive Junior Gold Miners Custom Factors Index. SPPP is actively managed, while SGDJ is passively managed. Over the past 10 years, SPPP returned 8.53%/yr vs 11.97%/yr for SGDJ. At a 0.47 correlation, their price movements are largely independent. SPPP charges 1.02%/yr vs 0.50%/yr for SGDJ.

Performance

SPPP vs. SGDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Platinum and Palladium Trust (SPPP) and Sprott Junior Gold Miners ETF (SGDJ). 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 SGDJ's 1.97% return. Over the past 10 years, SPPP has underperformed SGDJ with an annualized return of 8.53%, while SGDJ has yielded a comparatively higher 11.97% annualized 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%

SGDJ

• 1D: -3.43%
• 1M: 0.20%
• YTD: 1.97%
• 6M: 12.36%
• 1Y: 80.74%
• 3Y*: 49.76%
• 5Y*: 17.17%
• 10Y*: 11.97%

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

SPPP vs. SGDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPPP Sprott Physical Platinum and Palladium Trust	-14.37%	89.43%	-11.89%	-25.86%	-2.37%	-21.77%	23.84%	46.00%	5.53%	35.36%
SGDJ Sprott Junior Gold Miners ETF	1.97%	174.44%	19.35%	6.66%	-27.60%	-15.12%	47.91%	37.00%	-25.63%	5.94%

Correlation

The correlation between SPPP and SGDJ is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Apr 1, 2015	0.47

The correlation between SPPP and SGDJ shifts across timeframes, from 0.47 (10 years) to 0.66 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SPPP vs. SGDJ — 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

SGDJ

SGDJ Risk / Return Rank: 44
SGDJ Sharpe Ratio Rank: 48
SGDJ Sortino Ratio Rank: 39
SGDJ Omega Ratio Rank: 43
SGDJ Calmar Ratio Rank: 49
SGDJ Martin Ratio Rank: 40

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. SGDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and Sprott Junior Gold Miners ETF (SGDJ). 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	SGDJ	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.68	-0.91
Sortino ratio: Return per unit of downside risk	1.23	2.02	-0.79
Omega ratio: Gain probability vs. loss probability	1.18	1.28	-0.11
Calmar ratio: Return relative to maximum drawdown	1.05	2.44	-1.39
Martin ratio: Return relative to average drawdown	2.23	6.48	-4.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPPP vs. SGDJ - Sharpe Ratio Comparison

The current SPPP Sharpe Ratio is 0.77, which is lower than the SGDJ Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of SPPP and SGDJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPPP	SGDJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.68	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	0.43	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.29	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.36	-0.26

Drawdowns

SPPP vs. SGDJ - Drawdown Comparison

The maximum SPPP drawdown since its inception was -59.09%, roughly equal to the maximum SGDJ drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for SPPP and SGDJ.

Drawdown Indicators

	SPPP	SGDJ	Difference
Max Drawdown Largest peak-to-trough decline	-59.09%	-59.27%	+0.18%
Max Drawdown (1Y) Largest decline over 1 year	-37.42%	-33.22%	-4.20%
Max Drawdown (3Y) Largest decline over 3 years	-37.42%	-33.22%	-4.20%
Max Drawdown (5Y) Largest decline over 5 years	-58.50%	-54.90%	-3.60%
Max Drawdown (10Y) Largest decline over 10 years	-59.09%	-59.27%	+0.18%
Current Drawdown Current decline from peak	-36.14%	-25.66%	-10.48%
Average Drawdown Average peak-to-trough decline	-26.48%	-26.25%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.60%	12.50%	+5.10%

Volatility

SPPP vs. SGDJ - Volatility Comparison

The current volatility for Sprott Physical Platinum and Palladium Trust (SPPP) is 10.71%, while Sprott Junior Gold Miners ETF (SGDJ) has a volatility of 13.18%. This indicates that SPPP experiences smaller price fluctuations and is considered to be less risky than SGDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPP	SGDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.71%	13.18%	-2.47%
Volatility (6M) Calculated over the trailing 6-month period	45.53%	39.87%	+5.66%
Volatility (1Y) Calculated over the trailing 1-year period	50.97%	48.34%	+2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.89%	40.28%	-5.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.10%	40.74%	-7.64%

SPPP vs. SGDJ - Expense Ratio Comparison

SPPP has a 1.02% expense ratio, which is higher than SGDJ's 0.50% expense ratio.

Dividends

SPPP vs. SGDJ - Dividend Comparison

SPPP has not paid dividends to shareholders, while SGDJ's dividend yield for the trailing twelve months is around 8.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGDJ Sprott Junior Gold Miners ETF	8.21%	8.37%	6.55%	4.55%	2.46%	2.20%	1.97%	0.65%	0.00%	0.14%	1.77%	0.85%
SPPP Sprott Physical Platinum and Palladium Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPPP and SGDJ in my portfolio?

SPPP and SGDJ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPPP or SGDJ?

SGDJ has higher volatility (13.18%) compared to SPPP (10.71%). In terms of maximum drawdown, SPPP dropped -59.09% vs SGDJ's -59.27%.

Which ETF is better, SPPP or SGDJ?

On 10-year performance, SGDJ leads with 11.97% vs 8.53% for SPPP. On fees, SGDJ is cheaper at 0.50% per year. On volatility, SPPP has been the lower-risk option at 10.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPPP or SGDJ?

Over the 10-year period, SGDJ has performed better with a 11.97% return vs 8.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPPP or SGDJ?

SGDJ is cheaper with a 0.50% expense ratio, compared with 1.02% for SPPP.

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

SGDJ has the higher dividend yield at 8.21%, compared with 0.00% for SPPP.

What is the main difference between SPPP and SGDJ?

SPPP is categorized as Precious Metals, while SGDJ is Materials. Their fees differ too: 1.02% for SPPP and 0.50% for SGDJ.

Which has better risk-adjusted returns?

SGDJ currently has the higher Sharpe Ratio (1.68 vs 0.77), 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.