SPPP vs. VCN.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Sprott Physical Platinum and Palladium Trust (SPPP) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO).

SPPP and VCN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPPP is an actively managed fund by Sprott. It was launched on Dec 19, 2012. VCN.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada All Cap Domestic Index. It was launched on Aug 2, 2013.

Performance

SPPP vs. VCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Platinum and Palladium Trust (SPPP) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO). The values are adjusted to include any dividend payments, if applicable.

SPPP vs. VCN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPPP Sprott Physical Platinum and Palladium Trust	-7.78%	89.43%	-11.89%	-25.86%	-2.37%	-21.77%	23.84%	46.00%	5.53%	35.36%
VCN.TO Vanguard FTSE Canada All Cap Index ETF	2.30%	36.43%	12.49%	14.82%	-12.09%	26.56%	6.91%	28.16%	-16.17%	15.93%

Different Trading Currencies

SPPP is traded in USD, while VCN.TO is traded in CAD. To make them comparable, the VCN.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPPP achieves a -7.78% return, which is significantly lower than VCN.TO's -0.37% return. Over the past 10 years, SPPP has underperformed VCN.TO with an annualized return of 9.27%, while VCN.TO has yielded a comparatively higher 11.36% annualized return.

SPPP

• 1D: 4.93%
• 1M: -18.00%
• YTD: -7.78%
• 6M: 14.36%
• 1Y: 56.24%
• 3Y*: 8.35%
• 5Y*: -4.20%
• 10Y*: 9.27%

VCN.TO

• 1D: 0.00%
• 1M: -8.41%
• YTD: -0.37%
• 6M: 6.45%
• 1Y: 33.70%
• 3Y*: 18.71%
• 5Y*: 11.79%
• 10Y*: 11.36%

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

SPPP vs. VCN.TO - Expense Ratio Comparison

SPPP has a 1.02% expense ratio, which is higher than VCN.TO's 0.05% expense ratio.

SPPP

Sprott Physical Platinum and Palladium Trust

VCN.TO

Vanguard FTSE Canada All Cap Index ETF

Return for Risk

SPPP vs. VCN.TO — Risk / Return Rank

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

SPPP

SPPP Risk / Return Rank: 63
SPPP Sharpe Ratio Rank: 67
SPPP Sortino Ratio Rank: 64
SPPP Omega Ratio Rank: 67
SPPP Calmar Ratio Rank: 65
SPPP Martin Ratio Rank: 52

VCN.TO

VCN.TO Risk / Return Rank: 93
VCN.TO Sharpe Ratio Rank: 94
VCN.TO Sortino Ratio Rank: 93
VCN.TO Omega Ratio Rank: 94
VCN.TO Calmar Ratio Rank: 91
VCN.TO Martin Ratio Rank: 94

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. VCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO). 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	VCN.TO	Difference
Sharpe ratio Return per unit of total volatility	1.14	2.02	-0.87
Sortino ratio Return per unit of downside risk	1.56	2.64	-1.08
Omega ratio Gain probability vs. loss probability	1.24	1.40	-0.16
Calmar ratio Return relative to maximum drawdown	1.58	3.11	-1.53
Martin ratio Return relative to average drawdown	4.81	14.09	-9.29
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. VCN.TO - Sharpe Ratio Comparison

The current SPPP Sharpe Ratio is 1.14, which is lower than the VCN.TO Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of SPPP and VCN.TO, 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	VCN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	2.02	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.70	-0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.61	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.44	-0.33

Correlation

The correlation between SPPP and VCN.TO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPPP vs. VCN.TO - Dividend Comparison

SPPP has not paid dividends to shareholders, while VCN.TO's dividend yield for the trailing twelve months is around 2.14%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VCN.TO Vanguard FTSE Canada All Cap Index ETF	2.14%	2.27%	2.69%	2.99%	3.15%	2.48%	2.70%	2.85%	2.80%	2.29%	2.34%	2.65%

Drawdowns

SPPP vs. VCN.TO - Drawdown Comparison

The maximum SPPP drawdown since its inception was -59.09%, which is greater than VCN.TO's maximum drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for SPPP and VCN.TO.

Drawdown Indicators

	SPPP	VCN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-59.09%	-37.32%	-21.77%
Max Drawdown (1Y) Largest decline over 1 year	-37.42%	-11.02%	-26.40%
Max Drawdown (5Y) Largest decline over 5 years	-59.09%	-16.12%	-42.97%
Max Drawdown (10Y) Largest decline over 10 years	-59.09%	-37.32%	-21.77%
Current Drawdown Current decline from peak	-31.22%	-4.72%	-26.50%
Average Drawdown Average peak-to-trough decline	-26.42%	-3.94%	-22.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.30%	2.42%	+9.88%

Volatility

SPPP vs. VCN.TO - Volatility Comparison

Sprott Physical Platinum and Palladium Trust (SPPP) has a higher volatility of 16.95% compared to Vanguard FTSE Canada All Cap Index ETF (VCN.TO) at 5.33%. This indicates that SPPP's price experiences larger fluctuations and is considered to be riskier than VCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPP	VCN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.95%	5.33%	+11.62%
Volatility (6M) Calculated over the trailing 6-month period	46.40%	11.61%	+34.79%
Volatility (1Y) Calculated over the trailing 1-year period	49.39%	16.79%	+32.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.38%	16.86%	+17.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.88%	18.65%	+14.23%