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iShares Physical Palladium ETC (SPDM.L) Sharpe Ratio: 0.88

ETF · Currency in GBp · Last updated Jun 4, 2026

SPDM.L is a passive ETF by iShares tracking the investment results of the London Palladium PM Fix. SPDM.L launched on Apr 8, 2011 and has a 0.20% expense ratio.

SPDM.L's Sharpe Ratio of 0.88 indicates that for each unit of volatility, it generates 0.88 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

SPDM.L Sharpe Ratio Rank

SPDM.L Sharpe Ratio Rank: 24.424
Below Average

SPDM.L ranks above 24.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

SPDM.L Sharpe Ratio Market Positioning

The chart shows SPDM.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.84 or lower
  • Yellow zone (middle 50%): 0.84 to 2.41
  • Green zone (top 25%): 2.41 or higher
  • Top 1%: 7.66+
  • Median: 1.69 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares Physical Palladium ETC's Sharpe Ratio with other ETFs in the Commodities, Precious Metals category across multiple time periods, showing how SPDM.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
REGB.LVanEck Rare Earth and Strategic Metals UCITS ETF A3.87
UD08.LUBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc3.10
ETRA.LL&G New Energy Commodities UCITS ETF USD Acc3.07
WXAG.LWisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc2.93
CXAP.LUBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc2.89
WCOM.LWisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc2.77
ROLG.LiShares Bloomberg Roll Select Commodity Swap UCITS ETF USD2.75
WCOB.LWisdomTree Enhanced Commodity UCITS ETF USD Acc2.64
XFRM.LWisdomTree Broad Commodities Ex-Agriculture and Livestock2.62
WCOG.LWisdomTree Enhanced Commodity UCITS ETF USD2.59
SPDM.LiShares Physical Palladium ETC0.88

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SPDM.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SPDM.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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