PALL vs. AFSC

Last updated Apr 1, 2026

Compare and contrast key facts about Aberdeen Standard Physical Palladium Shares ETF (PALL) and abrdn Focused U.S. Small Cap Active ETF (AFSC).

PALL and AFSC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PALL is a passively managed fund by Aberdeen that tracks the performance of the Palladium London PM Fix ($/ozt). It was launched on Jan 6, 2010. AFSC is an actively managed fund by Aberdeen. It was launched on Jun 29, 2004.

Performance

PALL vs. AFSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Palladium Shares ETF (PALL) and abrdn Focused U.S. Small Cap Active ETF (AFSC). The values are adjusted to include any dividend payments, if applicable.

PALL vs. AFSC - Yearly Performance Comparison

	2026 (YTD)	2025
PALL Aberdeen Standard Physical Palladium Shares ETF	-7.34%	61.25%
AFSC abrdn Focused U.S. Small Cap Active ETF	0.79%	2.67%

Returns By Period

In the year-to-date period, PALL achieves a -7.34% return, which is significantly lower than AFSC's 0.79% return.

PALL

• 1D: 5.15%
• 1M: -17.05%
• YTD: -7.34%
• 6M: 17.99%
• 1Y: 48.77%
• 3Y*: -0.08%
• 5Y*: -11.63%
• 10Y*: 9.50%

AFSC

• 1D: 3.06%
• 1M: -6.08%
• YTD: 0.79%
• 6M: 2.45%
• 1Y: 14.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PALL vs. AFSC - Expense Ratio Comparison

PALL has a 0.60% expense ratio, which is lower than AFSC's 0.65% expense ratio.

AFSC

abrdn Focused U.S. Small Cap Active ETF

PALL

Aberdeen Standard Physical Palladium Shares ETF

Return for Risk

PALL vs. AFSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PALL

PALL Risk / Return Rank: 58
PALL Sharpe Ratio Rank: 59
PALL Sortino Ratio Rank: 60
PALL Omega Ratio Rank: 60
PALL Calmar Ratio Rank: 62
PALL Martin Ratio Rank: 50

AFSC

AFSC Risk / Return Rank: 41
AFSC Sharpe Ratio Rank: 33
AFSC Sortino Ratio Rank: 34
AFSC Omega Ratio Rank: 32
AFSC Calmar Ratio Rank: 50
AFSC Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PALL vs. AFSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and abrdn Focused U.S. Small Cap Active ETF (AFSC). 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.

	PALL	AFSC	Difference
Sharpe ratio Return per unit of total volatility	1.01	0.65	+0.36
Sortino ratio Return per unit of downside risk	1.48	1.05	+0.42
Omega ratio Gain probability vs. loss probability	1.21	1.14	+0.08
Calmar ratio Return relative to maximum drawdown	1.51	1.34	+0.17
Martin ratio Return relative to average drawdown	4.55	5.61	-1.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PALL vs. AFSC - Sharpe Ratio Comparison

The current PALL Sharpe Ratio is 1.01, which is higher than the AFSC Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of PALL and AFSC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PALL	AFSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	0.65	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.14	+0.07

Correlation

The correlation between PALL and AFSC is 0.22, 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

PALL vs. AFSC - Dividend Comparison

PALL has not paid dividends to shareholders, while AFSC's dividend yield for the trailing twelve months is around 0.08%.

	TTM	2025
PALL Aberdeen Standard Physical Palladium Shares ETF	0.00%	0.00%
AFSC abrdn Focused U.S. Small Cap Active ETF	0.08%	0.08%

Drawdowns

PALL vs. AFSC - Drawdown Comparison

The maximum PALL drawdown since its inception was -73.63%, which is greater than AFSC's maximum drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for PALL and AFSC.

Drawdown Indicators

	PALL	AFSC	Difference
Max Drawdown Largest peak-to-trough decline	-73.63%	-21.68%	-51.95%
Max Drawdown (1Y) Largest decline over 1 year	-34.17%	-13.95%	-20.22%
Max Drawdown (5Y) Largest decline over 5 years	-73.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-73.63%	—	—
Current Drawdown Current decline from peak	-54.34%	-7.54%	-46.80%
Average Drawdown Average peak-to-trough decline	-26.51%	-4.56%	-21.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.31%	3.32%	+7.99%

Volatility

PALL vs. AFSC - Volatility Comparison

Aberdeen Standard Physical Palladium Shares ETF (PALL) has a higher volatility of 15.73% compared to abrdn Focused U.S. Small Cap Active ETF (AFSC) at 7.87%. This indicates that PALL's price experiences larger fluctuations and is considered to be riskier than AFSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PALL	AFSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.73%	7.87%	+7.86%
Volatility (6M) Calculated over the trailing 6-month period	43.92%	14.07%	+29.85%
Volatility (1Y) Calculated over the trailing 1-year period	48.74%	22.82%	+25.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.07%	22.98%	+19.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.71%	22.98%	+14.73%