PALL vs. BCD
PALL (Aberdeen Standard Physical Palladium Shares ETF) and BCD (abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF) are both exchange-traded funds - PALL is a Precious Metals fund tracking the Palladium London PM Fix ($/ozt), while BCD is a Commodities fund actively managed by Aberdeen. PALL is passively managed, while BCD is actively managed. Over the past 5 years, PALL returned -14.89%/yr vs 11.98%/yr for BCD. At a 0.34 correlation, their price movements are largely independent. PALL charges 0.60%/yr vs 0.29%/yr for BCD.
Performance
PALL vs. BCD - Performance Comparison
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Returns By Period
In the year-to-date period, PALL achieves a -18.39% return, which is significantly lower than BCD's 20.45% return.
PALL
- 1D
- -4.89%
- 1M
- -11.74%
- YTD
- -18.39%
- 6M
- -11.90%
- 1Y
- 28.17%
- 3Y*
- -3.26%
- 5Y*
- -14.89%
- 10Y*
- 8.36%
BCD
- 1D
- -0.16%
- 1M
- -1.43%
- YTD
- 20.45%
- 6M
- 20.51%
- 1Y
- 31.80%
- 3Y*
- 14.44%
- 5Y*
- 11.98%
- 10Y*
- —
PALL vs. BCD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PALL Aberdeen Standard Physical Palladium Shares ETF | -18.39% | 74.07% | -17.38% | -38.77% | -6.28% | -23.26% | 25.27% | 53.94% | 17.23% | 32.87% |
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 20.45% | 15.71% | 6.20% | -7.58% | 18.38% | 31.87% | 4.76% | 7.34% | -8.65% | 3.08% |
Correlation
The correlation between PALL and BCD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.34 |
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Return for Risk
PALL vs. BCD — Risk / Return Rank
PALL
BCD
PALL vs. BCD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD). 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 | BCD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.43 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 4.42 | -3.64 |
| Martin ratioReturn relative to average drawdown | 1.74 | 12.57 | -10.83 |
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
| PALL | BCD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 2.33 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.78 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.67 | -0.49 |
Drawdowns
PALL vs. BCD - Drawdown Comparison
The maximum PALL drawdown since its inception was -73.63%, which is greater than BCD's maximum drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for PALL and BCD.
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Drawdown Indicators
| PALL | BCD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.63% | -29.81% | -43.82% |
Max Drawdown (1Y)Largest decline over 1 year | -36.18% | -7.22% | -28.96% |
Max Drawdown (3Y)Largest decline over 3 years | -40.47% | -10.50% | -29.97% |
Max Drawdown (5Y)Largest decline over 5 years | -73.63% | -23.03% | -50.60% |
Max Drawdown (10Y)Largest decline over 10 years | -73.63% | — | — |
Current DrawdownCurrent decline from peak | -59.78% | -3.60% | -56.18% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -9.86% | -16.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.25% | 2.54% | +13.71% |
Volatility
PALL vs. BCD - Volatility Comparison
Aberdeen Standard Physical Palladium Shares ETF (PALL) has a higher volatility of 10.54% compared to abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) at 4.33%. This indicates that PALL's price experiences larger fluctuations and is considered to be riskier than BCD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PALL | BCD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 4.33% | +6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 41.87% | 11.74% | +30.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.24% | 13.72% | +36.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.46% | 15.41% | +27.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.91% | 13.90% | +24.01% |
PALL vs. BCD - Expense Ratio Comparison
PALL has a 0.60% expense ratio, which is higher than BCD's 0.29% expense ratio.
Dividends
PALL vs. BCD - Dividend Comparison
PALL has not paid dividends to shareholders, while BCD's dividend yield for the trailing twelve months is around 14.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BCD abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | 14.29% | 17.21% | 3.60% | 4.51% | 5.21% | 8.30% | 1.29% | 1.55% | 1.59% | 0.07% |
PALL Aberdeen Standard Physical Palladium Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PALL and BCD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PALL has higher volatility (10.54%) compared to BCD (4.33%). In terms of maximum drawdown, PALL dropped -73.63% vs BCD's -29.81%.
On 5-year performance, BCD leads with 11.98% vs -14.89% for PALL. On fees, BCD is cheaper at 0.29% per year. On volatility, BCD has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BCD has performed better with a 11.98% return vs -14.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCD is cheaper with a 0.29% expense ratio, compared with 0.60% for PALL.
BCD has the higher dividend yield at 14.29%, compared with 0.00% for PALL.
PALL is categorized as Precious Metals, while BCD is Commodities. Their fees differ too: 0.60% for PALL and 0.29% for BCD.
BCD currently has the higher Sharpe Ratio (2.33 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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