XPPE.DE vs. GLDM
XPPE.DE (Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - XPPE.DE is a Precious Metals fund tracking the Platinum (EUR Hedged), while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, XPPE.DE returned 6.29%/yr vs 19.80%/yr for GLDM. At a 0.35 correlation, their price movements are largely independent. XPPE.DE charges 0.73%/yr vs 0.10%/yr for GLDM.
Performance
XPPE.DE vs. GLDM - Performance Comparison
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Different Trading Currencies
XPPE.DE is traded in EUR, while GLDM is traded in USD. To make them comparable, the GLDM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XPPE.DE achieves a -16.61% return, which is significantly lower than GLDM's 5.05% return.
XPPE.DE
- 1D
- 0.62%
- 1M
- -8.47%
- YTD
- -16.61%
- 6M
- 12.43%
- 1Y
- 59.61%
- 3Y*
- 18.07%
- 5Y*
- 6.29%
- 10Y*
- —
GLDM
- 1D
- 0.00%
- 1M
- -3.40%
- YTD
- 5.05%
- 6M
- 6.84%
- 1Y
- 31.42%
- 3Y*
- 27.97%
- 5Y*
- 19.80%
- 10Y*
- —
XPPE.DE vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XPPE.DE Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities | -16.61% | 133.17% | -11.04% | -8.96% | 5.52% | -11.54% | 24.20% |
GLDM SPDR Gold MiniShares Trust | 2.02% | 44.72% | 35.47% | 9.65% | 5.70% | 3.17% | 0.43% |
Correlation
The correlation between XPPE.DE and GLDM is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.35 |
The correlation between XPPE.DE and GLDM shifts across timeframes, from 0.35 (5 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XPPE.DE vs. GLDM — Risk / Return Rank
XPPE.DE
GLDM
XPPE.DE vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.DE) and SPDR Gold MiniShares Trust (GLDM). 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.
| XPPE.DE | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.85 | 0.00 |
| Martin ratioReturn relative to average drawdown | 3.78 | 4.38 | -0.60 |
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
| XPPE.DE | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.27 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 1.20 | -1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.11 | -0.78 |
Drawdowns
XPPE.DE vs. GLDM - Drawdown Comparison
The maximum XPPE.DE drawdown since its inception was -41.02%, which is greater than GLDM's maximum drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for XPPE.DE and GLDM.
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Drawdown Indicators
| XPPE.DE | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -18.50% | -22.52% |
Max Drawdown (1Y)Largest decline over 1 year | -35.80% | -17.10% | -18.70% |
Max Drawdown (3Y)Largest decline over 3 years | -35.80% | -17.10% | -18.70% |
Max Drawdown (5Y)Largest decline over 5 years | -35.80% | -17.10% | -18.70% |
Current DrawdownCurrent decline from peak | -34.47% | -15.43% | -19.04% |
Average DrawdownAverage peak-to-trough decline | -23.79% | -5.29% | -18.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.54% | 7.19% | +10.35% |
Volatility
XPPE.DE vs. GLDM - Volatility Comparison
Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.DE) has a higher volatility of 11.13% compared to SPDR Gold MiniShares Trust (GLDM) at 3.72%. This indicates that XPPE.DE's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPPE.DE | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.13% | 3.72% | +7.41% |
Volatility (6M)Calculated over the trailing 6-month period | 41.55% | 21.63% | +19.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.56% | 24.96% | +22.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.95% | 16.62% | +15.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.28% | 15.63% | +16.65% |
XPPE.DE vs. GLDM - Expense Ratio Comparison
XPPE.DE has a 0.73% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Dividends
XPPE.DE vs. GLDM - Dividend Comparison
Neither XPPE.DE nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
XPPE.DE and GLDM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDM is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDM is cheaper with a 0.10% expense ratio, compared with 0.73% for XPPE.DE.
XPPE.DE is categorized as Precious Metals, while GLDM is Gold. XPPE.DE tracks Platinum (EUR Hedged), while GLDM tracks LBMA Gold Price PM. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.73% for XPPE.DE and 0.10% for GLDM.
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