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SPPP
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Sprott Physical Platinum and Palladium Trust (SPPP)

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$14.42
Last Close (24-hour delay)
Profit since last BUY14.63%
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Consider higher Upturn Star rating
BUY since 21 days
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Upturn Advisory Summary

10/10/2025: SPPP (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type ETF
Historic Profit 7.39%
Avg. Invested days 43
Today’s Advisory Consider higher Upturn Star rating
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Upturn Advisory Performance Upturn Advisory Performance 2.0
ETF Returns Performance Upturn Returns Performance 2.0
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Upturn Profits based on simulationUpturn Profits based on simulation Last Close 10/10/2025

Key Highlights

Volume (30-day avg) -
Beta -
52 Weeks Range 8.69 - 12.36
Updated Date 06/29/2025
52 Weeks Range 8.69 - 12.36
Updated Date 06/29/2025

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Sprott Physical Platinum and Palladium Trust

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ETF Overview

overview logo Overview

The Sprott Physical Platinum and Palladium Trust (SPPP) provides a secure, convenient and exchange-traded investment alternative for investors who want to hold physical platinum and palladium. The Trust seeks to achieve its investment objective by purchasing and holding physical platinum and palladium bullion.

reliability logo Reputation and Reliability

Sprott is a well-known name in precious metals investing, known for its focus on physical bullion ownership. It is generally regarded as reliable.

reliability logo Management Expertise

Sprott Asset Management has extensive experience in managing precious metals investments and providing specialized investment strategies.

Investment Objective

overview logo Goal

To provide a secure, convenient and exchange-traded investment alternative for investors seeking exposure to physical platinum and palladium.

Investment Approach and Strategy

Strategy: The ETF's strategy is to hold physical platinum and palladium bullion.

Composition The ETF holds physical platinum and palladium bullion in allocated accounts.

Market Position

Market Share: SPPP holds a significant market share within the physically-backed platinum and palladium ETF market, though the market itself is niche.

Total Net Assets (AUM): 54471000

Competitors

overview logo Key Competitors

  • PPLT
  • PALL

Competitive Landscape

The competitive landscape is dominated by ETFs offering exposure to platinum and palladium. SPPP differentiates itself by offering direct exposure to physical bullion, which may appeal to investors seeking security and transparency. However, it faces competition from larger ETFs with greater liquidity.

Financial Performance

Historical Performance: Historical performance fluctuates with platinum and palladium prices. Data needs to be sourced from reliable financial data providers.

Benchmark Comparison: The ETF's performance should closely track the spot prices of platinum and palladium, less expenses. Needs to be compared over different time frames.

Expense Ratio: 0.49

Liquidity

Average Trading Volume

The average trading volume is relatively low compared to broader market ETFs, suggesting lower liquidity.

Bid-Ask Spread

The bid-ask spread can be wider than more liquid ETFs, potentially increasing trading costs.

Market Dynamics

Market Environment Factors

Economic growth, automotive industry demand (catalytic converters), and supply disruptions significantly influence platinum and palladium prices.

Growth Trajectory

Growth depends on the demand for platinum and palladium, which can be cyclical. Changes in automotive technology (e.g., electric vehicles) and supply constraints can drastically affect the ETF's prospects.

Moat and Competitive Advantages

Competitive Edge

SPPP offers a straightforward way to invest in physical platinum and palladium. Its advantage lies in its direct exposure to the underlying metals, providing transparency and avoiding the complexities of futures contracts. However, the expense ratio can be a disadvantage. The trust structure ensures physical ownership, appealing to investors concerned about counterparty risk.

Risk Analysis

Volatility

Platinum and palladium prices are highly volatile, leading to significant price swings in the ETF.

Market Risk

The ETF is exposed to commodity price risk, economic cycles, and industry-specific factors (e.g., changes in automotive emissions regulations).

Investor Profile

Ideal Investor Profile

Investors seeking direct exposure to platinum and palladium, particularly those concerned about counterparty risk in futures-based ETFs, may find SPPP attractive.

Market Risk

SPPP is best suited for investors with a higher risk tolerance and a long-term investment horizon, who understand the cyclical nature of commodity prices.

Summary

The Sprott Physical Platinum and Palladium Trust offers direct exposure to physical platinum and palladium bullion, providing transparency and avoiding futures contracts. However, platinum and palladium prices are volatile, so the ETF carries significant risk. The expense ratio should be taken into consideration when determining if SPPP is right for the investor. SPPP is suited for investors with a higher risk tolerance and a long-term horizon.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Sprott Asset Management Website
  • ETF.com
  • Bloomberg
  • Financial Times

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual risk tolerance and financial situation.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Sprott Physical Platinum and Palladium Trust

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management LP. The fund invests in commodity markets. It invests in physical platinum and palladium bullion in Good Delivery plate or ingot form. Sprott Physical Platinum and Palladium Trust was formed on December 23, 2011 and is domiciled in Canada.