SPPP vs SPY
Sprott Physical Platinum and Palladium Trust vs State Street SPDR S&P 500 ETF Trust
Which is better, SPPP or SPY?
Precious Metals against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPPP | SPY |
|---|---|---|
| Expense Ratio | 1.01% | 0.09%Best |
| AUM | $549M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 4 | 505 |
| YTD Return | -16.78% | +13.82%Best |
| 1Y Return | +15.75% | +16.96%Best |
| 3Y Return (annualized) | +9.70% | +22.97%Best |
| 5Y Return (annualized) | +0.32% | +13.73%Best |
| Volatility (annualized) | 24.1% | 14.3%Best |
| Max Drawdown | -59.1% | -34.1%Best |
| $10,000 over 5 years | $10,161 | $19,027Best |
| Fund Family | Sprott Asset Management LP | State Street Investment Management |
| Category | Commodity | Equity |
| Style | Precious Metals | Large Cap Blend |
| Inception | Dec 18, 2012 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 19, 2012 to Sep 21, 2026 (13.8 years).
SPPP vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.8 years both funds cover.
SPPP vs SPY Performance
Sprott Physical Platinum and Palladium Trust (SPPP) is an ETF from Sprott Asset Management LP and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SPPP returned +15.75% while SPY returned +16.96%. Year to date, SPPP is down 16.78% versus a gain of 13.82% for SPY.
Over three years, SPPP compounded at +9.70% per year against +22.97% for SPY; over five years the annualized figures are +0.32% and +13.73% respectively. Across the full 14-year window we track, SPY has the edge at +13.59% annualized vs +2.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPPP has been the more volatile fund, with annualized monthly volatility of 24.1% compared with 14.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -59.1% for SPPP and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.23. They move largely independently of each other.
Fees and Cost Over Time
SPPP charges 1.01% per year while SPY charges 0.09%. On a $10,000 position that is $101 vs $9 annually, a gap of $92 per year that compounds over a long holding period. On income, SPPP currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of SPPP and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPPP or SPY?
SPPP has an expense ratio of 1.01% while SPY charges 0.09%. SPY is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, SPPP or SPY?
Over the past year SPPP returned +15.75% vs +16.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (14 years), SPPP annualized +2.80% vs +13.59% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPPP or SPY?
SPPP has been the more volatile fund at 24.1% annualized versus 14.3% for SPY. Worst drawdown: SPPP -59.1% vs SPY -34.1%.
Should I hold both SPPP and SPY?
SPPP and SPY have a monthly-return correlation of 0.23, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPPP or SPY?
SPPP yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SPPP?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.