XGLD.L vs. SPLT.L
XGLD.L (Xtrackers Physical Gold ETC) and SPLT.L (iShares Physical Platinum ETC) are both Precious Metals funds - XGLD.L tracks the Gold while SPLT.L tracks the Platinum. Both are passively managed. Over the past 10 years, XGLD.L returned 13.32%/yr vs 6.46%/yr for SPLT.L. A 0.53 correlation means they provide meaningful diversification when combined. XGLD.L charges 0.25%/yr vs 0.20%/yr for SPLT.L.
Performance
XGLD.L vs. SPLT.L - Performance Comparison
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Different Trading Currencies
XGLD.L is traded in USD, while SPLT.L is traded in GBp. To make them comparable, the SPLT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGLD.L achieves a 3.08% return, which is significantly higher than SPLT.L's -5.69% return. Over the past 10 years, XGLD.L has outperformed SPLT.L with an annualized return of 13.32%, while SPLT.L has yielded a comparatively lower 6.46% annualized return.
XGLD.L
- 1D
- -1.36%
- 1M
- -4.18%
- YTD
- 3.08%
- 6M
- 5.21%
- 1Y
- 32.33%
- 3Y*
- 30.96%
- 5Y*
- 18.31%
- 10Y*
- 13.32%
SPLT.L
- 1D
- -3.02%
- 1M
- -5.30%
- YTD
- -5.69%
- 6M
- 13.54%
- 1Y
- 74.80%
- 3Y*
- 23.07%
- 5Y*
- 9.86%
- 10Y*
- 6.46%
XGLD.L vs. SPLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLD.L Xtrackers Physical Gold ETC | 3.08% | 64.60% | 25.87% | 13.37% | -0.24% | -4.19% | 24.11% | 18.35% | -1.36% | 11.68% |
SPLT.L iShares Physical Platinum ETC | -5.69% | 120.07% | -9.90% | -6.07% | 10.71% | -10.99% | 10.32% | 22.42% | -15.00% | 1.98% |
Correlation
The correlation between XGLD.L and SPLT.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.53 |
The correlation between XGLD.L and SPLT.L shifts across timeframes, from 0.53 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGLD.L vs. SPLT.L — Risk / Return Rank
XGLD.L
SPLT.L
XGLD.L vs. SPLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and iShares Physical Platinum ETC (SPLT.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.
| XGLD.L | SPLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.09 | -0.31 |
| Martin ratioReturn relative to average drawdown | 4.75 | 4.38 | +0.37 |
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
| XGLD.L | SPLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.54 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.30 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.22 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.00 | +0.48 |
Drawdowns
XGLD.L vs. SPLT.L - Drawdown Comparison
The maximum XGLD.L drawdown since its inception was -45.19%, smaller than the maximum SPLT.L drawdown of -70.11%. Use the drawdown chart below to compare losses from any high point for XGLD.L and SPLT.L.
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Drawdown Indicators
| XGLD.L | SPLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.19% | -70.11% | +24.92% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -35.57% | +17.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.08% | -35.57% | +17.49% |
Max Drawdown (5Y)Largest decline over 5 years | -21.06% | -35.57% | +14.51% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | -51.44% | +30.23% |
Current DrawdownCurrent decline from peak | -16.45% | -33.81% | +17.36% |
Average DrawdownAverage peak-to-trough decline | -18.99% | -42.93% | +23.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 17.03% | -10.23% |
Volatility
XGLD.L vs. SPLT.L - Volatility Comparison
The current volatility for Xtrackers Physical Gold ETC (XGLD.L) is 6.46%, while iShares Physical Platinum ETC (SPLT.L) has a volatility of 11.84%. This indicates that XGLD.L experiences smaller price fluctuations and is considered to be less risky than SPLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLD.L | SPLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 11.84% | -5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 21.84% | 42.93% | -21.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.82% | 48.46% | -23.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 32.41% | -15.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 29.29% | -13.83% |
XGLD.L vs. SPLT.L - Expense Ratio Comparison
XGLD.L has a 0.25% expense ratio, which is higher than SPLT.L's 0.20% 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
XGLD.L vs. SPLT.L - Dividend Comparison
Neither XGLD.L nor SPLT.L has paid dividends to shareholders.
Frequently Asked Questions
XGLD.L and SPLT.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPLT.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPLT.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XGLD.L.
XGLD.L tracks Gold, while SPLT.L tracks Platinum. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XGLD.L and 0.20% for SPLT.L.
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