PALL vs. BCIM
PALL (Aberdeen Standard Physical Palladium Shares ETF) and BCIM (abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF) are both exchange-traded funds - PALL is a Precious Metals fund tracking the Palladium London PM Fix ($/ozt), while BCIM is a Metals fund tracking the Bloomberg Industrial Metals. Both are passively managed. At a 0.35 correlation, their price movements are largely independent. PALL charges 0.60%/yr vs 0.41%/yr for BCIM.
Performance
PALL vs. BCIM - Performance Comparison
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Returns By Period
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%
BCIM
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PALL vs. BCIM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PALL Aberdeen Standard Physical Palladium Shares ETF | -18.39% | 74.07% | -17.38% | -38.77% | -6.28% | -5.17% |
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF | 0.00% | 10.71% | 3.30% | -9.68% | -3.29% | 4.17% |
Correlation
The correlation between PALL and BCIM is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.35 |
Over the past year, the correlation between PALL and BCIM has dropped to 0.10 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
PALL vs. BCIM — Risk / Return Rank
PALL
BCIM
PALL vs. BCIM - 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 Industrial Metals Strategy K-1 Free ETF (BCIM). 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 | BCIM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | — | — |
| Martin ratioReturn relative to average drawdown | 1.74 | — | — |
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 | BCIM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | — | — |
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 | — | — |
Drawdowns
PALL vs. BCIM - Drawdown Comparison
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Drawdown Indicators
| PALL | BCIM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.63% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -36.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -40.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.63% | — | — |
Current DrawdownCurrent decline from peak | -59.78% | — | — |
Average DrawdownAverage peak-to-trough decline | -26.81% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.25% | — | — |
Volatility
PALL vs. BCIM - Volatility Comparison
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Volatility by Period
| PALL | BCIM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 41.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.24% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.46% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.91% | — | — |
PALL vs. BCIM - Expense Ratio Comparison
PALL has a 0.60% expense ratio, which is higher than BCIM's 0.41% expense ratio.
Dividends
PALL vs. BCIM - Dividend Comparison
PALL has not paid dividends to shareholders, while BCIM's dividend yield for the trailing twelve months is around 3.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF | 3.77% | 3.77% | 11.47% | 3.36% | 0.72% | 1.57% |
PALL Aberdeen Standard Physical Palladium Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PALL and BCIM have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BCIM is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BCIM is cheaper with a 0.41% expense ratio, compared with 0.60% for PALL.
BCIM has the higher dividend yield at 3.77%, compared with 0.00% for PALL.
PALL is categorized as Precious Metals, while BCIM is Metals. PALL tracks Palladium London PM Fix ($/ozt), while BCIM tracks Bloomberg Industrial Metals. Their fees differ too: 0.60% for PALL and 0.41% for BCIM.
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