Sprott Physical Platinum and Palladium ETF (SPPP) Performance
SPPP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −28.4% since Dec 31, 2025
- 1 year
- −16.3% total return
- 5 years
- −4.4% a year
- 10 years
- +6.2% a year
- Since first price
- +1.4% a year since 2012
SPPP trailing returns vs SPY, QQQ, AGG
| Period | SPPP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −13.7% | −13.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.8% | −6.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −23.3% | −23.3% | +7.8% | +8.4% | −1.5% |
| YTD | −28.4% | −28.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −16.3% | −16.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +15.2%+4.8%/yr | +15.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −20.3%−4.4%/yr | −20.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +81.7%+6.2%/yr | +81.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionDec 19, 2012 | +21.7%+1.4%/yr | +21.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPPP vs SPY
From Dec 19, 2012: SPPP grew to $12,172, SPY to $66,959.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPPP returns by calendar year
6 of 13 full years positive. Best 2025 (+89.4%), worst 2015 (−28.8%). 2026 is year to date.
SPPP annual returns table
| Year | SPPP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −28.4% | −46.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +89.4% | −15.5% | +17.7% | +20.8% | +7.2% |
| 2024 | −11.9% | −21.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −25.9% | −34.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −2.4% | −40.0% | −18.2% | −32.6% | −13.0% |
| 2021 | −21.8% | −40.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +23.8% | −50.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +46.0% | −18.5% | +31.2% | +39.0% | +8.5% |
| 2018 | +5.5% | −26.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +35.4% | −7.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +12.0% | −18.6% | +12.0% | +7.1% | +2.4% |
| 2015 | −28.8% | −34.9% | +1.2% | +9.4% | +0.5% |
| 2014 | −0.3% | −18.5% | +13.5% | +19.2% | +6.0% |
| 2013 | −13.1% | −23.9% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPPP largest drawdowns
Now 46.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 11, 2021 | −59.1% | Feb 9, 2024 | Jan 22, 2026 | 2.7 years | 4.7 years |
| Feb 27, 2020 | −50.4% | Mar 19, 2020 | Apr 1, 2021 | 21 days | 1.1 years |
| Feb 14, 2013 | −49.2% | Jan 12, 2016 | Jan 18, 2019 | 2.9 years | 5.9 years |
| Jan 23, 2026 | −46.6% | Oct 23, 2026 | not yet | 9 months | 9 months so far |
| Mar 20, 2019 | −18.5% | May 23, 2019 | Sep 3, 2019 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPPP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +7.6% | −1.3% | +5.8% | +2.2% |
| Volatility (annualized) | 27.8% | 26.2% | 24.7% | 24.2% |
| Sharpe ratio | 0.25 | -0.06 | 0.26 | 0.14 |
| Sortino ratio | 0.35 | -0.08 | 0.38 | 0.20 |
| Best month | +15.3% | +15.3% | +15.3% | +15.3% |
| Worst month | −18.0% | −18.0% | −18.0% | −18.0% |
| Best 12 months | +101.9% | +101.9% | +101.9% | +101.9% |
| Worst 12 months | −11.9% | −33.5% | −33.5% | −33.5% |
| Positive months | 56% | 48% | 54% | 55% |
| Beta vs S&P 500 | 0.41 | 0.21 | 0.35 | — |
| Correlation with S&P 500 | 0.18 | 0.12 | 0.22 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPPP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 155 | −33.5% | +3.4% | +101.9% | 55% |
| 3-year (a year) | 131 | −23.4% | +2.0% | +34.8% | 57% |
| 5-year (a year) | 107 | −10.4% | +3.1% | +25.9% | 60% |
| 10-year (a year) | 47 | −0.8% | +2.1% | +12.3% | 87% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
SPPP performance overview
Sprott Physical Platinum and Palladium ETF (SPPP) returned −16.3% over the past year and +6.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +1.4% a year, turning $10,000 into about $12,172. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −59.1%, from May 11, 2021 to Feb 9, 2024, and it took 2.0 years to get back to the old high. SPPP finished 6 of its 13 full calendar years with a gain; the best year was 2025 (+89.4%) and the worst 2015 (−28.8%). Volatility has been 24.2% a year.
Related: SPPP chart. See the SPPP overview for the latest quote and fund facts.
SPPP performance FAQ
What is the SPPP return over the past year?
SPPP returned −16.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 16.3%.
What is the average annual return of SPPP?
SPPP has returned −4.4% a year over 5 years, +6.2% a year over 10 years, +1.4% a year since December 19, 2012 (total return, distributions reinvested).
How much would $10,000 invested in SPPP be worth?
$10,000 invested in SPPP at its first recorded close on December 19, 2012 would be worth about $12,172 on October 23, 2026 with distributions reinvested.
What was the worst year for SPPP?
The worst calendar year was 2015, with a total return of −28.8%. The best was 2025 at +89.4%.
What is the biggest drawdown of SPPP?
The largest peak-to-trough decline was −59.1% between May 11, 2021 and February 9, 2024. It recovered to the old high on January 22, 2026, 2.0 years after the bottom.
How volatile is SPPP?
Over the past 3 years SPPP had an annualized volatility of 27.8% and a Sharpe ratio of 0.25 (excess return over 1–3 month T-bills per unit of risk).