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Sprott Physical Platinum and Palladium Trust (SPPP)

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Upturn Advisory Summary
11/05/2025: SPPP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 2.62% | Avg. Invested days 46 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance | ETF Returns Performance |
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 |
Upturn AI SWOT
Sprott Physical Platinum and Palladium Trust
ETF Overview
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.
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.
Management Expertise
Sprott Asset Management has extensive experience in managing precious metals investments and providing specialized investment strategies.
Investment Objective
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
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.
Similar ETFs
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.

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