SPPP vs. SGDLX

Last updated Apr 2, 2026

Compare and contrast key facts about Sprott Physical Platinum and Palladium Trust (SPPP) and Sprott Gold Equity Fund (SGDLX).

SPPP is an actively managed fund by Sprott. It was launched on Dec 19, 2012. SGDLX is managed by Sprott. It was launched on Jun 28, 1998.

Performance

SPPP vs. SGDLX - Performance Comparison

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

SPPP vs. SGDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPPP Sprott Physical Platinum and Palladium Trust	-7.36%	89.43%	-11.89%	-25.86%	-2.37%	-21.77%	6.71%
SGDLX Sprott Gold Equity Fund	5.53%	147.67%	20.58%	1.91%	-13.21%	-11.79%	35.30%

Returns By Period

In the year-to-date period, SPPP achieves a -7.36% return, which is significantly lower than SGDLX's 5.53% return.

SPPP

• 1D: 0.45%
• 1M: -16.26%
• YTD: -7.36%
• 6M: 14.96%
• 1Y: 57.89%
• 3Y*: 8.51%
• 5Y*: -4.12%
• 10Y*: 9.32%

SGDLX

• 1D: 6.88%
• 1M: -20.55%
• YTD: 5.53%
• 6M: 22.83%
• 1Y: 107.73%
• 3Y*: 42.56%
• 5Y*: 22.56%
• 10Y*: —

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

SPPP vs. SGDLX - Expense Ratio Comparison

SPPP has a 1.02% expense ratio, which is lower than SGDLX's 1.44% expense ratio.

SGDLX

Sprott Gold Equity Fund

SPPP

Sprott Physical Platinum and Palladium Trust

Return for Risk

SPPP vs. SGDLX — Risk / Return Rank

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

SPPP

SPPP Risk / Return Rank: 58
SPPP Sharpe Ratio Rank: 64
SPPP Sortino Ratio Rank: 60
SPPP Omega Ratio Rank: 63
SPPP Calmar Ratio Rank: 56
SPPP Martin Ratio Rank: 46

SGDLX

SGDLX Risk / Return Rank: 94
SGDLX Sharpe Ratio Rank: 97
SGDLX Sortino Ratio Rank: 92
SGDLX Omega Ratio Rank: 91
SGDLX Calmar Ratio Rank: 96
SGDLX Martin Ratio Rank: 95

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. SGDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and Sprott Gold Equity Fund (SGDLX). 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	SGDLX	Difference
Sharpe ratio Return per unit of total volatility	1.18	2.65	-1.47
Sortino ratio Return per unit of downside risk	1.59	2.80	-1.21
Omega ratio Gain probability vs. loss probability	1.24	1.42	-0.18
Calmar ratio Return relative to maximum drawdown	1.52	3.72	-2.20
Martin ratio Return relative to average drawdown	4.58	13.16	-8.58
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. SGDLX - Sharpe Ratio Comparison

The current SPPP Sharpe Ratio is 1.18, which is lower than the SGDLX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of SPPP and SGDLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPPP	SGDLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	2.65	-1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.73	-0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.64	-0.52

Correlation

The correlation between SPPP and SGDLX is 0.53, 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. SGDLX - Dividend Comparison

SPPP has not paid dividends to shareholders, while SGDLX's dividend yield for the trailing twelve months is around 0.63%.

	TTM	2025	2024	2023	2022
SPPP Sprott Physical Platinum and Palladium Trust	0.00%	0.00%	0.00%	0.00%	0.00%
SGDLX Sprott Gold Equity Fund	0.63%	0.67%	0.00%	0.00%	0.12%

Drawdowns

SPPP vs. SGDLX - Drawdown Comparison

The maximum SPPP drawdown since its inception was -59.09%, which is greater than SGDLX's maximum drawdown of -47.59%. Use the drawdown chart below to compare losses from any high point for SPPP and SGDLX.

Drawdown Indicators

	SPPP	SGDLX	Difference
Max Drawdown Largest peak-to-trough decline	-59.09%	-47.59%	-11.50%
Max Drawdown (1Y) Largest decline over 1 year	-37.42%	-28.77%	-8.65%
Max Drawdown (5Y) Largest decline over 5 years	-59.09%	-43.47%	-15.62%
Max Drawdown (10Y) Largest decline over 10 years	-59.09%	—	—
Current Drawdown Current decline from peak	-30.91%	-20.55%	-10.36%
Average Drawdown Average peak-to-trough decline	-26.43%	-18.26%	-8.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.43%	8.13%	+4.30%

Volatility

SPPP vs. SGDLX - Volatility Comparison

The current volatility for Sprott Physical Platinum and Palladium Trust (SPPP) is 15.09%, while Sprott Gold Equity Fund (SGDLX) has a volatility of 16.67%. This indicates that SPPP experiences smaller price fluctuations and is considered to be less risky than SGDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPP	SGDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.09%	16.67%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	46.37%	33.91%	+12.46%
Volatility (1Y) Calculated over the trailing 1-year period	49.37%	40.51%	+8.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.37%	31.15%	+3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.87%	33.68%	-0.81%