PALL vs. GDXJ

Last updated Apr 1, 2026

Compare and contrast key facts about Aberdeen Standard Physical Palladium Shares ETF (PALL) and VanEck Vectors Junior Gold Miners ETF (GDXJ).

PALL and GDXJ 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. GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009. Both PALL and GDXJ 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

PALL vs. GDXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Palladium Shares ETF (PALL) and VanEck Vectors Junior Gold Miners ETF (GDXJ). The values are adjusted to include any dividend payments, if applicable.

PALL vs. GDXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PALL Aberdeen Standard Physical Palladium Shares ETF	-7.34%	74.07%	-17.38%	-38.77%	-6.28%	-23.26%	25.27%	53.94%	17.23%	55.73%
GDXJ VanEck Vectors Junior Gold Miners ETF	5.50%	172.28%	15.67%	7.12%	-14.53%	-21.25%	30.40%	40.44%	-11.02%	8.22%

Returns By Period

In the year-to-date period, PALL achieves a -7.34% return, which is significantly lower than GDXJ's 5.50% return. Over the past 10 years, PALL has underperformed GDXJ with an annualized return of 9.50%, while GDXJ has yielded a comparatively higher 17.38% annualized 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%

GDXJ

• 1D: 8.53%
• 1M: -23.14%
• YTD: 5.50%
• 6M: 24.01%
• 1Y: 114.70%
• 3Y*: 47.55%
• 5Y*: 22.70%
• 10Y*: 17.38%

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

PALL vs. GDXJ - Expense Ratio Comparison

PALL has a 0.60% expense ratio, which is higher than GDXJ's 0.54% expense ratio.

PALL

Aberdeen Standard Physical Palladium Shares ETF

GDXJ

VanEck Vectors Junior Gold Miners ETF

Return for Risk

PALL vs. GDXJ — 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

GDXJ

GDXJ Risk / Return Rank: 92
GDXJ Sharpe Ratio Rank: 95
GDXJ Sortino Ratio Rank: 90
GDXJ Omega Ratio Rank: 89
GDXJ Calmar Ratio Rank: 94
GDXJ Martin Ratio Rank: 92

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. GDXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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	GDXJ	Difference
Sharpe ratio Return per unit of total volatility	1.01	2.27	-1.27
Sortino ratio Return per unit of downside risk	1.48	2.50	-1.02
Omega ratio Gain probability vs. loss probability	1.21	1.36	-0.15
Calmar ratio Return relative to maximum drawdown	1.51	3.52	-2.02
Martin ratio Return relative to average drawdown	4.55	12.30	-7.75
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. GDXJ - Sharpe Ratio Comparison

The current PALL Sharpe Ratio is 1.01, which is lower than the GDXJ Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of PALL and GDXJ, 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	GDXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	2.27	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	0.56	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.39	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.07	+0.13

Correlation

The correlation between PALL and GDXJ is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PALL vs. GDXJ - Dividend Comparison

PALL has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 2.21%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
GDXJ VanEck Vectors Junior Gold Miners ETF	2.21%	2.33%	2.61%	0.72%	0.51%	1.78%	1.58%	0.39%	0.45%	0.03%	4.78%	0.72%

Drawdowns

PALL vs. GDXJ - Drawdown Comparison

The maximum PALL drawdown since its inception was -73.63%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for PALL and GDXJ.

Drawdown Indicators

	PALL	GDXJ	Difference
Max Drawdown Largest peak-to-trough decline	-73.63%	-88.66%	+15.03%
Max Drawdown (1Y) Largest decline over 1 year	-34.17%	-32.92%	-1.25%
Max Drawdown (5Y) Largest decline over 5 years	-73.63%	-51.76%	-21.87%
Max Drawdown (10Y) Largest decline over 10 years	-73.63%	-57.77%	-15.86%
Current Drawdown Current decline from peak	-54.34%	-23.14%	-31.20%
Average Drawdown Average peak-to-trough decline	-26.51%	-60.91%	+34.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.31%	9.43%	+1.88%

Volatility

PALL vs. GDXJ - Volatility Comparison

The current volatility for Aberdeen Standard Physical Palladium Shares ETF (PALL) is 15.73%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 20.63%. This indicates that PALL experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PALL	GDXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.73%	20.63%	-4.90%
Volatility (6M) Calculated over the trailing 6-month period	43.92%	42.33%	+1.59%
Volatility (1Y) Calculated over the trailing 1-year period	48.74%	50.75%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.07%	40.56%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.71%	44.45%	-6.74%