XPPE.DE vs. SPPP.L
XPPE.DE (Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities) and SPPP.L (Invesco Physical Platinum) are both Precious Metals funds - XPPE.DE tracks the Platinum (EUR Hedged) while SPPP.L tracks the Platinum. Both are passively managed. Over the past 5 years, XPPE.DE returned 4.05%/yr vs 8.18%/yr for SPPP.L. Their correlation of 0.89 suggests significant overlap in exposure. XPPE.DE charges 0.73%/yr vs 0.19%/yr for SPPP.L.
Performance
XPPE.DE vs. SPPP.L - Performance Comparison
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Different Trading Currencies
XPPE.DE is traded in EUR, while SPPP.L is traded in GBp. To make them comparable, the SPPP.L 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 -30.60% return, which is significantly lower than SPPP.L's -19.86% return.
XPPE.DE
- 1D
- 0.00%
- 1M
- -18.20%
- YTD
- -30.60%
- 6M
- -30.60%
- 1Y
- 13.84%
- 3Y*
- 15.93%
- 5Y*
- 4.05%
- 10Y*
- —
SPPP.L
- 1D
- -1.55%
- 1M
- -17.33%
- YTD
- -19.86%
- 6M
- -27.36%
- 1Y
- 20.55%
- 3Y*
- 17.56%
- 5Y*
- 8.18%
- 10Y*
- 3.46%
XPPE.DE vs. SPPP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XPPE.DE Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities | -30.60% | 133.17% | -11.04% | -8.96% | 5.52% | -11.54% | 26.49% |
SPPP.L Invesco Physical Platinum | -19.86% | 94.13% | -4.01% | -8.81% | 17.62% | -4.52% | 18.74% |
Correlation
The correlation between XPPE.DE and SPPP.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.89 |
The correlation between XPPE.DE and SPPP.L has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
XPPE.DE vs. SPPP.L — Risk / Return Rank
XPPE.DE
SPPP.L
XPPE.DE vs. SPPP.L - 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 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.
| XPPE.DE | SPPP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.48 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.67 | 1.07 | -0.40 |
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Drawdowns
XPPE.DE vs. SPPP.L - Drawdown Comparison
The maximum XPPE.DE drawdown since its inception was -45.47%, smaller than the maximum SPPP.L drawdown of -52.57%. Use the drawdown chart below to compare losses from any high point for XPPE.DE and SPPP.L.
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Drawdown Indicators
| XPPE.DE | SPPP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -52.57% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -45.47% | -42.85% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -45.47% | -42.85% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -45.47% | -42.85% | -2.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.93% | — |
Current DrawdownCurrent decline from peak | -45.47% | -42.85% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -23.94% | -23.42% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.77% | 19.19% | +1.58% |
Volatility
XPPE.DE vs. SPPP.L - Volatility Comparison
Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.DE) has a higher volatility of 11.45% compared to Invesco Physical Platinum (SPPP.L) at 10.43%. This indicates that XPPE.DE'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
| XPPE.DE | SPPP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.45% | 10.43% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 40.73% | 40.20% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.22% | 46.60% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.13% | 31.09% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 28.06% | +4.37% |
XPPE.DE vs. SPPP.L - Expense Ratio Comparison
XPPE.DE has a 0.73% expense ratio, which is higher than SPPP.L's 0.19% expense ratio.
Dividends
XPPE.DE vs. SPPP.L - Dividend Comparison
Neither XPPE.DE nor SPPP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XPPE.DE and SPPP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.73% for XPPE.DE.
XPPE.DE tracks Platinum (EUR Hedged), while SPPP.L tracks Platinum. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.73% for XPPE.DE and 0.19% for SPPP.L.
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