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PPLT vs SLV

abrdn Physical Platinum Shares ETF

PPLTBNYSE Arca

iShares Silver Trust

SLVBNYSE Arca

Overlap

Expense ratio

SLV −0.10pt a year

PPLT0.60%SLV0.50%

Avg volume · 30D

SLV 7.1×the volume

PPLT2.3MSLV16.3M

10Y return · a year

SLV +6.8pt

PPLT+3.3%SLV+10.1%

PPLT vs SLV Performance

Oct 29, 2021 – Oct 30, 2026

+37.4%PPLT+101.9%SLV

Oct 29, 2021 to Oct 30, 2026. PPLT +37.4%. SLV +101.9%. Use the arrow keys to read each point.200%300%400%Oct 2021Apr 2024Oct 2026
Expense ratio
PPLT 0.60%
SLV 0.50%, better
Fund size
PPLT $1.68B
SLV $25.2B
1Y total return
PPLT −9.3%
SLV +1.3%, better
Holdings
PPLT 1
SLV 1
Avg volume (30D)
PPLT 2.3M sh
SLV 16.3M sh, better
NAV per share
PPLT $12.90
SLV $45.22
52W range

ETF.net Grade

PPLT: Cost 41, Risk 44, Mission 95, Tradability 54, Holdings not scored, Durability 65. SLV: Cost 67, Risk 37, Mission 89, Tradability 71, Holdings not scored, Durability 84.
Pillar letters and Scores for PPLT, SLV, with each pillar’s weight
PillarPPLTSLV
Cost30% weightC41B67Higher
Mission25% weightA95HigherA89
Risk15% weightC44HigherD37
Tradability15% weightC54A71Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB65A84Higher

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. PPLT and SLV 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 ›

SLV ranks 2nd 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

PPLTBabrdn Physical Platinum Shares ETF

SLVBiShares Silver Trust

In short

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.

SLV Silver, unbundled: real bars sitting with a custodian, a share price that shadows the LBMA Silver Price less a 0.50% fee. Trading since 2006 and one of the busiest commodity funds on the tape, it's the default way people put silver in a brokerage account.

Stated mandate

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

SLV The Trust seeks to reflect the performance of silver prices before its expenses and liabilities. Its assets consist primarily of silver held by a custodian.

Why people hold it

  • 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.
  • SLV The deep end of the silver pool: running since 2006, a multi-billion-dollar trust, and very actively traded, which is what keeps spreads tight and the options market busy.
  • Metal, not machinery. Assets are physical silver held by a custodian and priced off the LBMA Silver Price. No futures roll, no miner earnings, no swap counterparty.sec.gov
  • 0.50% a year, under the typical physical-metal trust, and the design is about as plain as it gets: bullion price minus expenses, tracked closely.

Worth knowing

  • 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.
  • SLV SIVR runs the same physical-silver idea for 0.30%. The extra fee here buys size and trading depth, not different metal.
  • No income. Bullion pays nothing, and the trustee sells silver to cover expenses, so the metal behind each share slowly shrinks.sec.gov
  • One metal, one price. Nothing inside the trust cushions a silver drawdown, and silver is a jumpy market by nature.

Full PPLT profile⁠

Full SLV profile⁠

PPLT vs SLV 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.

PPLT vs SLV Cost

Overpaying PPLT vs SLV

$1,838

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

  • PPLT 0.60%

    $11,817

  • SLV 0.50%

    $9,979

$10,000
30 years

Cost over time

  • PPLT 0.60%
  • SLV 0.50%
  • 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 $11,817SLV $9,979

Year by year

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

Expense ratio

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

SLV 3rd cheapest of 9 funds

PPLT 5th cheapest of 9 funds

PPLT vs SLV Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
PPLT None
SLV None

Distribution history

PPLTAll PPLT payments⁠

No distribution history available.

SLVAll SLV payments⁠

No distribution history available.

PPLT vs SLV Risk

Fall from peak · 5 years

  • PPLT
  • SLV
Oct 29, 2021 to Oct 30, 2026. Worst fall: SLV −57.8% · Oct 2026. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PPLT 32.9%, betterSLV 37.0%
Return per unit of riskSharpe ratio, 3 years
PPLT 0.44SLV 0.75, better
Worst fallMax drawdown, 5 years
PPLT −48.4%, betterSLV −57.8%
Market sensitivityBeta, 5 years
PPLT 0.55SLV 1.26

PPLT and SLV in the news

All news⁠

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