Platinum ETF PPLT Down 18% YTD as Gold-to-Platinum Ratio Nears Multi-Decade Extreme

Summary

Gold has reached record highs while platinum has declined, with the PPLT ETF (abrdn Physical Platinum Shares) down nearly 18% year-to-date despite a 10-for-1 forward split effective May 18, 2026. The gold-to-platinum ratio sits near a multi-decade extreme, and analysts expect ratio normalization to favor platinum. PPLT is a grantor trust holding physical platinum bars in JPMorgan vaults, tracking spot price minus a 0.6% expense ratio, avoiding futures roll and K-1 filings. Shares trade around $15.37, down from a split-adjusted peak above $21 in February.

Source

bskyPlatinum ETF PPLT Down 18% YTD as Gold-to-Platinum Ratio Nears Multi-Decade Extremebriefly.co