SPPP vs. SIVR
SPPP (Sprott Physical Platinum and Palladium Trust) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - SPPP is a Precious Metals fund actively managed by Sprott, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). SPPP is actively managed, while SIVR is passively managed. Over the past 10 years, SPPP returned 8.53%/yr vs 15.77%/yr for SIVR. A 0.53 correlation means they provide meaningful diversification when combined. SPPP charges 1.02%/yr vs 0.30%/yr for SIVR.
Performance
SPPP vs. SIVR - Performance Comparison
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Returns By Period
In the year-to-date period, SPPP achieves a -14.37% return, which is significantly lower than SIVR's 2.85% return. Over the past 10 years, SPPP has underperformed SIVR with an annualized return of 8.53%, while SIVR has yielded a comparatively higher 15.77% 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%
SIVR
- 1D
- -2.62%
- 1M
- 0.42%
- YTD
- 2.85%
- 6M
- 24.90%
- 1Y
- 110.95%
- 3Y*
- 45.38%
- 5Y*
- 21.00%
- 10Y*
- 15.77%
SPPP vs. SIVR - 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% |
SIVR abrdn Physical Silver Shares ETF | 2.85% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between SPPP and SIVR is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012 | 0.53 |
The correlation between SPPP and SIVR shifts across timeframes, from 0.52 (10 years) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPP vs. SIVR — Risk / Return Rank
SPPP
SIVR
SPPP vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.63 | -1.58 |
| Martin ratioReturn relative to average drawdown | 2.23 | 5.67 | -3.44 |
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 | SIVR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.90 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.58 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.50 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.32 | -0.23 |
Drawdowns
SPPP vs. SIVR - Drawdown Comparison
The maximum SPPP drawdown since its inception was -59.09%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for SPPP and SIVR.
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Drawdown Indicators
| SPPP | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -75.85% | +16.76% |
Max Drawdown (1Y)Largest decline over 1 year | -37.42% | -42.42% | +5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -37.42% | -42.42% | +5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -58.50% | -42.42% | -16.08% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | -42.42% | -16.67% |
Current DrawdownCurrent decline from peak | -36.14% | -37.25% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -26.48% | -47.85% | +21.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.60% | 19.64% | -2.04% |
Volatility
SPPP vs. SIVR - Volatility Comparison
The current volatility for Sprott Physical Platinum and Palladium Trust (SPPP) is 10.71%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.28%. This indicates that SPPP experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPP | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 16.28% | -5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 45.53% | 58.30% | -12.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.97% | 58.84% | -7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.89% | 36.17% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.10% | 31.87% | +1.23% |
SPPP vs. SIVR - Expense Ratio Comparison
SPPP has a 1.02% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Dividends
SPPP vs. SIVR - Dividend Comparison
Neither SPPP nor SIVR has paid dividends to shareholders.
Frequently Asked Questions
SPPP and SIVR have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.28%) compared to SPPP (10.71%). In terms of maximum drawdown, SPPP dropped -59.09% vs SIVR's -75.85%.
On 10-year performance, SIVR leads with 15.77% vs 8.53% for SPPP. On fees, SIVR is cheaper at 0.30% 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.
Over the 10-year period, SIVR has performed better with a 15.77% return vs 8.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 1.02% for SPPP.
SPPP and SIVR have nearly identical dividend yields, around 0.00%.
SPPP is categorized as Precious Metals, while SIVR is Silver. They also come from different issuers: Sprott and abrdn. Their fees differ too: 1.02% for SPPP and 0.30% for SIVR.
SIVR currently has the higher Sharpe Ratio (1.90 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.
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