COMX.L vs. SPDM.L
COMX.L (WisdomTree Broad Commodities UCITS ETF) and SPDM.L (iShares Physical Palladium ETC) are both Commodities funds - COMX.L tracks the Bloomberg Commodity while SPDM.L tracks the London Palladium PM Fix. Both are passively managed. Over the past 3 years, COMX.L returned 13.55%/yr vs -3.85%/yr for SPDM.L. At a 0.27 correlation, their price movements are largely independent. COMX.L charges 0.19%/yr vs 0.20%/yr for SPDM.L.
Performance
COMX.L vs. SPDM.L - Performance Comparison
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Returns By Period
In the year-to-date period, COMX.L achieves a 26.39% return, which is significantly higher than SPDM.L's -13.23% return.
COMX.L
- 1D
- 0.78%
- 1M
- -0.52%
- YTD
- 26.39%
- 6M
- 24.79%
- 1Y
- 40.20%
- 3Y*
- 13.55%
- 5Y*
- —
- 10Y*
- —
SPDM.L
- 1D
- 0.55%
- 1M
- -9.27%
- YTD
- -13.23%
- 6M
- -7.76%
- 1Y
- 36.78%
- 3Y*
- -3.85%
- 5Y*
- -12.62%
- 10Y*
- 10.16%
COMX.L vs. SPDM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COMX.L WisdomTree Broad Commodities UCITS ETF | 26.39% | 8.58% | 6.24% | -12.51% | 28.76% | -25.70% |
SPDM.L iShares Physical Palladium ETC | -13.23% | 62.20% | -17.63% | -41.15% | 5.58% | 4.73% |
Correlation
The correlation between COMX.L and SPDM.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021 | 0.27 |
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Return for Risk
COMX.L vs. SPDM.L — Risk / Return Rank
COMX.L
SPDM.L
COMX.L vs. SPDM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities UCITS ETF (COMX.L) and iShares Physical Palladium ETC (SPDM.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| COMX.L | SPDM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.10 | +0.47 |
| Martin ratioReturn relative to average drawdown | 3.06 | 2.37 | +0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COMX.L | SPDM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.88 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.14 | -0.01 |
Drawdowns
COMX.L vs. SPDM.L - Drawdown Comparison
The maximum COMX.L drawdown since its inception was -28.64%, smaller than the maximum SPDM.L drawdown of -70.87%. Use the drawdown chart below to compare losses from any high point for COMX.L and SPDM.L.
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Drawdown Indicators
| COMX.L | SPDM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -70.87% | +42.23% |
Max Drawdown (1Y)Largest decline over 1 year | -25.58% | -35.67% | +10.09% |
Max Drawdown (3Y)Largest decline over 3 years | -25.58% | -40.59% | +15.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -70.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.87% | — |
Current DrawdownCurrent decline from peak | -3.81% | -56.18% | +52.37% |
Average DrawdownAverage peak-to-trough decline | -17.64% | -25.10% | +7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.10% | 16.54% | -3.44% |
Volatility
COMX.L vs. SPDM.L - Volatility Comparison
The current volatility for WisdomTree Broad Commodities UCITS ETF (COMX.L) is 6.14%, while iShares Physical Palladium ETC (SPDM.L) has a volatility of 10.84%. This indicates that COMX.L experiences smaller price fluctuations and is considered to be less risky than SPDM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMX.L | SPDM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 10.84% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.05% | 37.16% | -21.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.18% | 44.70% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 41.85% | -9.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 37.57% | -5.21% |
COMX.L vs. SPDM.L - Expense Ratio Comparison
COMX.L has a 0.19% expense ratio, which is lower than SPDM.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
COMX.L vs. SPDM.L - Dividend Comparison
Neither COMX.L nor SPDM.L has paid dividends to shareholders.
Frequently Asked Questions
COMX.L and SPDM.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMX.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMX.L is cheaper with a 0.19% expense ratio, compared with 0.20% for SPDM.L.
COMX.L tracks Bloomberg Commodity, while SPDM.L tracks London Palladium PM Fix. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.19% for COMX.L and 0.20% for SPDM.L.
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