XOUT vs. PLTM

Last updated Jun 25, 2026

XOUT (GraniteShares XOUT U.S. Large Cap ETF) and PLTM (GraniteShares Platinum Trust) are both exchange-traded funds - XOUT is a Large Cap Growth Equities fund tracking the XOUT U.S. Large Cap Index, while PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt). Both are passively managed. Over the past 5 years, XOUT returned 8.45%/yr vs 6.61%/yr for PLTM. At a 0.23 correlation, their price movements are largely independent. XOUT charges 0.60%/yr vs 0.50%/yr for PLTM.

Performance

XOUT vs. PLTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares XOUT U.S. Large Cap ETF (XOUT) and GraniteShares Platinum Trust (PLTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOUT achieves a -10.63% return, which is significantly higher than PLTM's -23.72% return.

XOUT

• 1D: -0.33%
• 1M: -4.41%
• YTD: -10.63%
• 6M: -11.80%
• 1Y: -2.26%
• 3Y*: 14.94%
• 5Y*: 8.45%
• 10Y*: —

PLTM

• 1D: -5.11%
• 1M: -18.52%
• YTD: -23.72%
• 6M: -30.39%
• 1Y: 18.60%
• 3Y*: 18.92%
• 5Y*: 6.61%
• 10Y*: —

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

XOUT vs. PLTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XOUT GraniteShares XOUT U.S. Large Cap ETF	-10.63%	18.18%	23.11%	42.32%	-28.18%	26.13%	28.71%	11.72%
PLTM GraniteShares Platinum Trust	-23.72%	124.46%	-8.91%	-8.10%	10.83%	-10.52%	10.87%	9.39%

Correlation

The correlation between XOUT and PLTM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Oct 7, 2019	0.23

Return for Risk

XOUT vs. PLTM — Risk / Return Rank

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

XOUT

XOUT Risk / Return Rank: 8
XOUT Sharpe Ratio Rank: 8
XOUT Sortino Ratio Rank: 8
XOUT Omega Ratio Rank: 8
XOUT Calmar Ratio Rank: 8
XOUT Martin Ratio Rank: 8

PLTM

PLTM Risk / Return Rank: 15
PLTM Sharpe Ratio Rank: 14
PLTM Sortino Ratio Rank: 16
PLTM Omega Ratio Rank: 17
PLTM Calmar Ratio Rank: 14
PLTM Martin Ratio Rank: 14

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.

XOUT vs. PLTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares XOUT U.S. Large Cap ETF (XOUT) and GraniteShares Platinum Trust (PLTM). 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.

	XOUT	PLTM	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	0.36	-0.48
Sortino ratio: Return per unit of downside risk	-0.02	0.80	-0.82
Omega ratio: Gain probability vs. loss probability	1.00	1.11	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.10	0.43	-0.53
Martin ratio: Return relative to average drawdown	-0.24	1.00	-1.24

XOUT vs. PLTM - Sharpe Ratio Comparison

The current XOUT Sharpe Ratio is -0.11, which is lower than the PLTM Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of XOUT and PLTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XOUT vs. PLTM - Drawdown Comparison

The maximum XOUT drawdown since its inception was -31.29%, smaller than the maximum PLTM drawdown of -43.65%. Use the drawdown chart below to compare losses from any high point for XOUT and PLTM.

Drawdown Indicators

	XOUT	PLTM	Difference
Max Drawdown Largest peak-to-trough decline	-31.29%	-43.65%	+12.36%
Max Drawdown (1Y) Largest decline over 1 year	-23.21%	-43.65%	+20.44%
Max Drawdown (3Y) Largest decline over 3 years	-23.77%	-43.65%	+19.88%
Max Drawdown (5Y) Largest decline over 5 years	-31.29%	-43.65%	+12.36%
Current Drawdown Current decline from peak	-13.25%	-43.65%	+30.40%
Average Drawdown Average peak-to-trough decline	-8.43%	-18.67%	+10.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.59%	18.57%	-8.98%

Volatility

XOUT vs. PLTM - Volatility Comparison

The current volatility for GraniteShares XOUT U.S. Large Cap ETF (XOUT) is 8.40%, while GraniteShares Platinum Trust (PLTM) has a volatility of 12.28%. This indicates that XOUT experiences smaller price fluctuations and is considered to be less risky than PLTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOUT	PLTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	12.28%	-3.88%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	46.22%	-29.65%
Volatility (1Y) Calculated over the trailing 1-year period	19.99%	51.58%	-31.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.87%	33.07%	-11.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.21%	31.14%	-7.93%

XOUT vs. PLTM - Expense Ratio Comparison

XOUT has a 0.60% expense ratio, which is higher than PLTM's 0.50% expense ratio.

Dividends

XOUT vs. PLTM - Dividend Comparison

Neither XOUT nor PLTM has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PLTM GraniteShares Platinum Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XOUT GraniteShares XOUT U.S. Large Cap ETF	0.00%	0.00%	0.00%	0.40%	0.51%	0.28%	0.53%	0.19%

Frequently Asked Questions

Can I hold both XOUT and PLTM in my portfolio?

XOUT and PLTM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOUT or PLTM?

PLTM has higher volatility (12.28%) compared to XOUT (8.40%). In terms of maximum drawdown, XOUT dropped -31.29% vs PLTM's -43.65%.

Which ETF is better, XOUT or PLTM?

On 5-year performance, XOUT leads with 8.45% vs 6.61% for PLTM. On fees, PLTM is cheaper at 0.50% per year. On volatility, XOUT has been the lower-risk option at 8.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOUT or PLTM?

Over the 5-year period, XOUT has performed better with a 8.45% return vs 6.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOUT or PLTM?

PLTM is cheaper with a 0.50% expense ratio, compared with 0.60% for XOUT.

Which ETF pays a higher dividend yield, XOUT or PLTM?

XOUT and PLTM have nearly identical dividend yields, around 0.00%.

What is the main difference between XOUT and PLTM?

XOUT is categorized as Large Cap Growth Equities, while PLTM is Precious Metals. XOUT tracks XOUT U.S. Large Cap Index, while PLTM tracks Platinum London PM Fix ($/ozt). Their fees differ too: 0.60% for XOUT and 0.50% for PLTM.

Which has better risk-adjusted returns?

PLTM currently has the higher Sharpe Ratio (0.36 vs -0.11), 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.