SPPP vs. SGDLX
SPPP (Sprott Physical Platinum and Palladium Trust) and SGDLX (Sprott Gold Equity Fund) are both funds - SPPP is a Precious Metals fund actively managed by Sprott, while SGDLX is a Gold fund managed by Sprott. Over the past 5 years, SPPP returned -5.73%/yr vs 18.29%/yr for SGDLX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. SPPP charges 0.73%/yr vs 1.44%/yr for SGDLX.
Performance
SPPP vs. SGDLX - Performance Comparison
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Returns By Period
In the year-to-date period, SPPP achieves a -20.37% return, which is significantly lower than SGDLX's -7.77% return.
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%
SGDLX
- 1D
- 2.84%
- 1M
- -2.98%
- 6M
- -15.89%
- YTD
- -7.77%
- 1Y
- 57.68%
- 3Y*
- 39.71%
- 5Y*
- 18.29%
- 10Y*
- —
- ALL TIME*
- 17.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $7.18M | $7.41M | $7.46M |
SPPP vs. SGDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPPP Sprott Physical Platinum and Palladium Trust | -20.37% | 89.43% | -11.89% | -25.86% | -2.37% | -21.77% | 3.18% |
SGDLX Sprott Gold Equity Fund | -7.77% | 147.67% | 20.58% | 1.91% | -13.21% | -11.79% | 35.30% |
Correlation
The correlation between SPPP and SGDLX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.54 |
The correlation between SPPP and SGDLX shifts across timeframes, from 0.54 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPP vs. SGDLX — Risk / Return Rank
SPPP
SGDLX
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.
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 | SGDLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.66 | -1.39 |
| Martin ratioReturn relative to average drawdown | 0.52 | 3.58 | -3.06 |
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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.
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Drawdown Indicators
| SPPP | SGDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -47.59% | -11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -45.66% | -35.46% | -10.20% |
Max Drawdown (3Y)Largest decline over 3 years | -45.66% | -35.46% | -10.20% |
Max Drawdown (5Y)Largest decline over 5 years | -58.50% | -42.98% | -15.52% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | — | — |
Current DrawdownCurrent decline from peak | -40.61% | -30.56% | -10.05% |
Average DrawdownAverage peak-to-trough decline | -26.65% | -18.56% | -8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.99% | 16.43% | +7.56% |
Volatility
SPPP vs. SGDLX - Volatility Comparison
The current volatility for Sprott Physical Platinum and Palladium Trust (SPPP) is 10.26%, while Sprott Gold Equity Fund (SGDLX) has a volatility of 11.84%. 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.
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Volatility by Period
| SPPP | SGDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 11.84% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 39.09% | 36.60% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.22% | 43.59% | +7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.26% | 32.46% | +2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.39% | 34.29% | -0.90% |
SPPP vs. SGDLX - Expense Ratio Comparison
SPPP has a 0.73% expense ratio, which is lower than SGDLX's 1.44% expense ratio.
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 0.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SGDLX Sprott Gold Equity Fund | 0.72% | 0.67% | 0.00% | 0.00% | 0.12% |
SPPP Sprott Physical Platinum and Palladium Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPPP and SGDLX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGDLX has higher volatility (11.84%) compared to SPPP (10.26%). In terms of maximum drawdown, SPPP dropped -59.09% vs SGDLX's -47.59%.
SGDLX currently has the higher Sharpe Ratio (1.35 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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