SSLN.L vs. SPPP.L
SSLN.L (iShares Physical Silver ETC) and SPPP.L (Invesco Physical Platinum) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while SPPP.L is a Precious Metals fund tracking the Platinum. Both are passively managed. Over the past 10 years, SSLN.L returned 11.54%/yr vs 3.71%/yr for SPPP.L. A 0.61 correlation means they provide meaningful diversification when combined. SSLN.L charges 0.20%/yr vs 0.19%/yr for SPPP.L.
Performance
SSLN.L vs. SPPP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SSLN.L achieves a -15.38% return, which is significantly higher than SPPP.L's -20.95% return. Over the past 10 years, SSLN.L has outperformed SPPP.L with an annualized return of 11.54%, while SPPP.L has yielded a comparatively lower 3.71% annualized return.
SSLN.L
- 1D
- 3.08%
- 1M
- -20.04%
- YTD
- -15.38%
- 6M
- -20.49%
- 1Y
- 71.23%
- 3Y*
- 35.76%
- 5Y*
- 18.76%
- 10Y*
- 11.54%
SPPP.L
- 1D
- -1.64%
- 1M
- -17.86%
- YTD
- -20.95%
- 6M
- -28.29%
- 1Y
- 20.98%
- 3Y*
- 17.64%
- 5Y*
- 8.18%
- 10Y*
- 3.71%
SSLN.L vs. SPPP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | -15.38% | 130.26% | 23.21% | -6.20% | 15.75% | -11.83% | 41.04% | 12.68% | -3.48% | -5.59% |
SPPP.L Invesco Physical Platinum | -20.95% | 104.81% | -8.43% | -10.70% | 24.01% | -10.35% | 7.05% | 17.67% | -9.95% | -6.88% |
Correlation
The correlation between SSLN.L and SPPP.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.61 |
The correlation between SSLN.L and SPPP.L shifts across timeframes, from 0.59 (5 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. SPPP.L — Risk / Return Rank
SSLN.L
SPPP.L
SSLN.L vs. SPPP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) and Invesco Physical Platinum (SPPP.L). 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.
| SSLN.L | SPPP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.48 | +1.02 |
| Martin ratioReturn relative to average drawdown | 3.40 | 1.09 | +2.32 |
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Drawdowns
SSLN.L vs. SPPP.L - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than SPPP.L's maximum drawdown of -44.86%. Use the drawdown chart below to compare losses from any high point for SSLN.L and SPPP.L.
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Drawdown Indicators
| SSLN.L | SPPP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -44.86% | -33.58% |
Max Drawdown (1Y)Largest decline over 1 year | -47.19% | -43.34% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -47.19% | -43.34% | -3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -47.19% | -43.34% | -3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | -44.86% | -2.33% |
Current DrawdownCurrent decline from peak | -45.56% | -43.34% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -59.64% | -19.62% | -40.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.86% | 19.23% | +1.63% |
Volatility
SSLN.L vs. SPPP.L - Volatility Comparison
iShares Physical Silver ETC (SSLN.L) has a higher volatility of 14.91% compared to Invesco Physical Platinum (SPPP.L) at 10.41%. This indicates that SSLN.L's price experiences larger fluctuations and is considered to be riskier than SPPP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSLN.L | SPPP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.91% | 10.41% | +4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 53.08% | 39.73% | +13.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.25% | 46.36% | +9.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.68% | 30.57% | +6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.05% | 27.77% | +3.28% |
SSLN.L vs. SPPP.L - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is higher than SPPP.L's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SSLN.L vs. SPPP.L - Dividend Comparison
Neither SSLN.L nor SPPP.L has paid dividends to shareholders.
Frequently Asked Questions
SSLN.L and SPPP.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPP.L is cheaper with a 0.19% expense ratio, compared with 0.20% for SSLN.L.
SSLN.L is categorized as Silver, while SPPP.L is Precious Metals. SSLN.L tracks LBMA Silver Price, while SPPP.L tracks Platinum. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for SSLN.L and 0.19% for SPPP.L.
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