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PLTM vs PPLT

GraniteShares Platinum Trust

PLTMBNYSE Arca

abrdn Physical Platinum Shares ETF

PPLTBNYSE Arca

Overlap

Expense ratio

PLTM −0.10pt a year

PLTM0.50%PPLT0.60%

Avg volume · 30D

PPLT 16.7×the volume

PLTM138KPPLT2.3M

5Y return · a year

Same figure. Both funds show the same value, so neither comes out ahead.

PLTM+6.6%PPLT+6.6%

PLTM vs PPLT Performance

Oct 29, 2021 – Oct 30, 2026

+37.8%PLTM+37.4%PPLT

Oct 29, 2021 to Oct 30, 2026. PLTM +37.8%. PPLT +37.4%. Use the arrow keys to read each point.100%150%Oct 2021Apr 2024Oct 2026
Expense ratio
PLTM 0.50%, better
PPLT 0.60%
Fund size
PLTM $150M
PPLT $1.68B
1Y total return
PLTM −9.2%, better
PPLT −9.3%
Yield (12M)
PLTM 0.00%
PPLT No data
Holdings
PLTM 1
PPLT 1
Avg volume (30D)
PLTM 138K sh
PPLT 2.3M sh, better
NAV per share
PLTM $14.20
PPLT $12.90
52W range

ETF.net Grade

PLTM: Cost 67, Risk 44, Mission 94, Tradability 42, Holdings not scored, Durability 43. PPLT: Cost 41, Risk 44, Mission 95, Tradability 54, Holdings not scored, Durability 65.
Pillar letters and Scores for PLTM, PPLT, with each pillar’s weight
PillarPLTMPPLT
Cost30% weightB67HigherC41
Mission25% weightA94A95Higher
Risk15% weightC44C44
Tradability15% weightC42C54Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC43B65Higher

Rank among Physical Commodities funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PLTM and PPLT are both graded against the same 9 Physical Commodities funds, so their Grades compare head to head.

Physical Commodities⁠

Category · 9 funds
See all 9 ›

PLTM ranks 3rd and PPLT 5th of 9 funds in the Physical Commodities Category.

  1. Rank 1ASIVRabrdn Physical Silver Shares ETFScore 74
  2. Rank 2BSLViShares Silver TrustScore 69
  3. Rank 3BPLTMGraniteShares Platinum TrustScore 65
  4. Rank 4BGLTRabrdn Physical Precious Metals Basket Shares ETFScore 63
  5. Rank 5BPPLTabrdn Physical Platinum Shares ETFScore 59
  6. Rank 6CPALLabrdn Physical Palladium Shares ETFScore 52

Our read on each fund

ETF.net Research

PLTMBGraniteShares Platinum Trust

PPLTBabrdn Physical Platinum Shares ETF

In short

PLTM Platinum, in a vault, sliced into shares. PLTM holds allocated bullion and charges 0.50% a year, undercutting the older platinum trust on fee, which is most of what separates two funds holding the same metal.

PPLT Platinum in a vault, not a futures ledger. PPLT is a grantor trust that holds the physical metal and tracks its price after a 0.60% fee, and it has been doing that job since 2010.

Stated mandate

PLTM The Trust seeks to reflect the price of platinum, less its expenses, through allocated physical platinum bullion.

PPLT The Trust is designed to track the price of physical platinum, after deducting its expenses.

Why people hold it

  • PLTM At 0.50% a year it is the cheaper of the two US physical platinum trusts, and it sits under the median fee for physical commodity funds.
  • Allocated bars, not futures contracts: no roll calendar, no contango math, just platinum held for the trust.graniteshares.com
  • Simple mandate kept tightly since its 2018 launch: the platinum price less expenses, and one of the closer trackers among physical metal funds.
  • PPLT Owns physical platinum inside a grantor trust instead of futures contracts, so there is no roll schedule sitting between shareholders and the metal's price.
  • Tracking is the strong suit. The trust is built to mirror physical platinum after expenses, and it stays very close to that mark.
  • A billion-dollar-plus trust that trades actively and has been open since 2010, a long-standing wrapper in a corner of the metals market with few options.

Worth knowing

  • PLTM One metal, one line of exposure. Platinum moves in its own lane and can swing hard, with nothing else inside the fund to cushion it.
  • No income here. Expenses are met out of the metal, so each share represents a slightly smaller slice of platinum as the years pass.
  • Volume is moderate rather than mega-trust deep, so spreads and limit orders matter more when you trade in size.
  • PPLT The 0.60% fee sits right at the middle of the physical-metals pack, and GraniteShares' PLTM charges 0.50% for exposure to the same metal.
  • One metal, full stop. The ride is platinum's alone, without the smoothing of a multi-metal basket like GLTR.
  • Bars in a vault throw off no cash. The trust makes no distributions, so the metal's price is the whole story.

Full PLTM profile⁠

Full PPLT profile⁠

PLTM vs PPLT Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PLTM vs PPLT Cost

Overpaying PPLT vs PLTM

$1,838

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PLTM 0.50%

    $9,979

  • PPLT 0.60%

    $11,817

$10,000
30 years

Cost over time

  • PLTM 0.50%
  • PPLT 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PPLT $11,817PLTM $9,979

Year by year

YearPLTMPPLTOverpaying
10$900$1,076$176
20$3,460$4,116$656
30$9,979$11,817$1,838

Expense ratio

  • 0.50%PLTM, cheaper
  • 0.60%PPLT
  • Middle half of Physical Commodities funds
  • Median 0.60%

PLTM 3rd cheapest of 9 funds

PPLT 5th cheapest of 9 funds

PLTM vs PPLT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PLTM 0.00%
PPLT No data
Payout (12M)
PLTM None
PPLT None

Distribution history

Per share, 2010 to 2015, same scale for both

PLTM13 paymentsAll PLTM payments⁠
One bar per payment. 13 payments from 2010 to 2015. Jun 22, 2010 $0.08; Dec 21, 2010 $0.04; Jun 21, 2011 $0.02; Dec 21, 2011 $0.24; Sep 21, 2012 $0.04; Dec 21, 2012 $0.02; Mar 21, 2013 $0.005; Sep 20, 2013 $0.01; Dec 18, 2013 $0.19; Mar 25, 2014 $0.04; Jun 24, 2014 $0.07; Dec 23, 2014 $0.17; Jun 24, 2015 $0.02. Use the arrow keys to read each point.$0$0.2520122015
PPLTAll PPLT payments⁠

No distribution history available.

PLTM vs PPLT Risk

Fall from peak · 5 years

  • PLTM
  • PPLT
Oct 29, 2021 to Oct 30, 2026. Worst fall: PPLT −48.4% · Oct 2026. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PLTM 33.0%PPLT 32.9%, better
Return per unit of riskSharpe ratio, 3 years
PLTM 0.44PPLT 0.44Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
PLTM −48.4%PPLT −48.4%Same figure. Both funds show the same value, so neither comes out ahead.
Market sensitivityBeta, 5 years
PLTM 0.55PPLT 0.55Same figure. Both funds show the same value, so neither comes out ahead.

PLTM and PPLT in the news

All news⁠

Popular comparisons

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