ETRA.L vs. SPDM.L
Compare and contrast key facts about L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) and iShares Physical Palladium ETC (SPDM.L).
ETRA.L and SPDM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETRA.L is a passively managed fund by L&G that tracks the performance of the Solactive Energy Transition Commodity Total Return Index. It was launched on Apr 15, 2024. SPDM.L is a passively managed fund by iShares that tracks the performance of the London Palladium PM Fix. It was launched on Apr 8, 2011. Both ETRA.L and SPDM.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ETRA.L vs. SPDM.L - Performance Comparison
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ETRA.L vs. SPDM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc | 10.07% | 19.38% | -2.27% |
SPDM.L iShares Physical Palladium ETC | -6.36% | 62.20% | -13.28% |
Returns By Period
In the year-to-date period, ETRA.L achieves a 10.07% return, which is significantly higher than SPDM.L's -6.36% return.
ETRA.L
- 1D
- -0.49%
- 1M
- 2.14%
- YTD
- 10.07%
- 6M
- 24.41%
- 1Y
- 25.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPDM.L
- 1D
- 2.55%
- 1M
- -15.71%
- YTD
- -6.36%
- 6M
- 18.96%
- 1Y
- 43.49%
- 3Y*
- -2.77%
- 5Y*
- -10.69%
- 10Y*
- 10.50%
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ETRA.L vs. SPDM.L - Expense Ratio Comparison
ETRA.L has a 0.65% expense ratio, which is higher than SPDM.L's 0.20% expense ratio.
Return for Risk
ETRA.L vs. SPDM.L — Risk / Return Rank
ETRA.L
SPDM.L
ETRA.L vs. SPDM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G New Energy Commodities UCITS ETF USD Acc (ETRA.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.
| ETRA.L | SPDM.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 1.00 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.39 | 1.47 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.02 | 1.24 | +1.79 |
Martin ratioReturn relative to average drawdown | 8.81 | 3.83 | +4.99 |
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
| ETRA.L | SPDM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.00 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.16 | +0.88 |
Correlation
The correlation between ETRA.L and SPDM.L is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ETRA.L vs. SPDM.L - Dividend Comparison
Neither ETRA.L nor SPDM.L has paid dividends to shareholders.
Drawdowns
ETRA.L vs. SPDM.L - Drawdown Comparison
The maximum ETRA.L drawdown since its inception was -15.11%, smaller than the maximum SPDM.L drawdown of -70.87%. Use the drawdown chart below to compare losses from any high point for ETRA.L and SPDM.L.
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Drawdown Indicators
| ETRA.L | SPDM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.11% | -70.87% | +55.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -35.14% | +26.38% |
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 | -0.80% | -52.71% | +51.91% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -24.77% | +18.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 11.36% | -8.38% |
Volatility
ETRA.L vs. SPDM.L - Volatility Comparison
The current volatility for L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) is 3.63%, while iShares Physical Palladium ETC (SPDM.L) has a volatility of 12.63%. This indicates that ETRA.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
| ETRA.L | SPDM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 12.63% | -9.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 37.91% | -26.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.32% | 43.53% | -29.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 41.51% | -28.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 37.46% | -24.48% |