SPPP vs. SLVP
SPPP (Sprott Physical Platinum and Palladium Trust) and SLVP (iShares MSCI Global Silver and Metals Miners ETF) are both exchange-traded funds - SPPP is a Precious Metals fund actively managed by Sprott, while SLVP is a Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index. SPPP is actively managed, while SLVP is passively managed. Over the past 10 years, SPPP returned 8.53%/yr vs 13.67%/yr for SLVP. At a 0.49 correlation, their price movements are largely independent. SPPP charges 1.02%/yr vs 0.39%/yr for SLVP.
Performance
SPPP vs. SLVP - 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 SLVP's 2.25% return. Over the past 10 years, SPPP has underperformed SLVP with an annualized return of 8.53%, while SLVP has yielded a comparatively higher 13.67% 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%
SLVP
- 1D
- -5.14%
- 1M
- 1.42%
- YTD
- 2.25%
- 6M
- 13.09%
- 1Y
- 112.07%
- 3Y*
- 52.07%
- 5Y*
- 15.97%
- 10Y*
- 13.67%
SPPP vs. SLVP - 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% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 2.25% | 202.84% | 14.47% | -2.31% | -18.06% | -23.53% | 56.45% | 37.71% | -22.10% | 4.53% |
Correlation
The correlation between SPPP and SLVP is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012 | 0.49 |
Over the past year, SPPP and SLVP have become more correlated (0.69) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
SPPP vs. SLVP — Risk / Return Rank
SPPP
SLVP
SPPP vs. SLVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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 | SLVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.33 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 3.36 | -2.30 |
| Martin ratioReturn relative to average drawdown | 2.23 | 8.53 | -6.30 |
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 | SLVP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 2.12 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.38 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.32 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.09 | 0.00 |
Drawdowns
SPPP vs. SLVP - Drawdown Comparison
The maximum SPPP drawdown since its inception was -59.09%, smaller than the maximum SLVP drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for SPPP and SLVP.
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Drawdown Indicators
| SPPP | SLVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -80.47% | +21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -37.42% | -33.57% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -37.42% | -33.57% | -3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -58.50% | -54.78% | -3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | -62.03% | +2.94% |
Current DrawdownCurrent decline from peak | -36.14% | -26.25% | -9.89% |
Average DrawdownAverage peak-to-trough decline | -26.48% | -46.82% | +20.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.60% | 13.18% | +4.42% |
Volatility
SPPP vs. SLVP - Volatility Comparison
The current volatility for Sprott Physical Platinum and Palladium Trust (SPPP) is 10.71%, while iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a volatility of 17.59%. This indicates that SPPP experiences smaller price fluctuations and is considered to be less risky than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPP | SLVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 17.59% | -6.88% |
Volatility (6M)Calculated over the trailing 6-month period | 45.53% | 43.22% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.97% | 53.06% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.89% | 42.76% | -7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.10% | 42.24% | -9.14% |
SPPP vs. SLVP - Expense Ratio Comparison
SPPP has a 1.02% expense ratio, which is higher than SLVP's 0.39% expense ratio.
Dividends
SPPP vs. SLVP - Dividend Comparison
SPPP has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 1.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver and Metals Miners ETF | 1.74% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
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
SPPP and SLVP have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVP has higher volatility (17.59%) compared to SPPP (10.71%). In terms of maximum drawdown, SPPP dropped -59.09% vs SLVP's -80.47%.
On 10-year performance, SLVP leads with 13.67% vs 8.53% for SPPP. On fees, SLVP is cheaper at 0.39% 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, SLVP has performed better with a 13.67% return vs 8.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLVP is cheaper with a 0.39% expense ratio, compared with 1.02% for SPPP.
SLVP has the higher dividend yield at 1.74%, compared with 0.00% for SPPP.
SPPP is categorized as Precious Metals, while SLVP is Silver. They also come from different issuers: Sprott and iShares. Their fees differ too: 1.02% for SPPP and 0.39% for SLVP.
SLVP currently has the higher Sharpe Ratio (2.12 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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