Sprott Physical Platinum and Palladium Trust (SPPP) — Stock Correlations & Overview
Over the past year, SPPP has moved most closely with PPLT, PLTM, PALL. Explore the stocks most correlated and inversely correlated with SPPP below, along with its price, financials, and company profile.
Stocks correlated with SPPP
Correlation of daily returns. Higher positive values move with SPPP; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPPP
| Symbol | Company | Correlation |
|---|---|---|
| PPLT | abrdn Physical Platinum Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.97 |
| PLTM | GraniteShares Platinum SharesCOMMODITY CONTRACTS BROKERS & DEALERS | 0.97 |
| PALL | abrdn Physical Palladium Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.92 |
| GLTR | abrdn Physical Precious Metals Basket Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.85 |
| DBP | Invesco DB Precious Metals FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.84 |
Most inversely correlated with SPPP
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.81 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.75 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.75 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.75 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.74 |
Frequently asked questions about SPPP correlations
- Which stocks are most correlated with SPPP?
- Based on one year of daily returns, the stocks most correlated with Sprott Physical Platinum and Palladium Trust (SPPP) are PPLT (0.97), PLTM (0.97) and PALL (0.92). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SPPP?
- Over the past year, the stocks most inversely correlated with Sprott Physical Platinum and Palladium Trust (SPPP) are ZSL (-0.81), GLL (-0.75) and JDST (-0.75). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SPPP correlations calculated?
- We compute the correlation of daily returns between SPPP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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