PALL vs. GOLI

Last updated Jul 14, 2026

PALL (Aberdeen Standard Physical Palladium Shares ETF) and GOLI (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - PALL is a Precious Metals fund tracking the Palladium London PM Fix ($/ozt), while GOLI is a Derivative Income fund actively managed by Defiance. PALL is passively managed, while GOLI is actively managed. Over the past year, PALL returned 2.34% vs 2.36% for GOLI. At a 0.49 correlation, their price movements are largely independent. PALL charges 0.60%/yr vs 0.99%/yr for GOLI.

Performance

PALL vs. GOLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Palladium Shares ETF (PALL) and Defiance Gold Enhanced Options Income ETF (GOLI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PALL achieves a -21.83% return, which is significantly lower than GOLI's -10.70% return.

PALL

• 1D: -1.47%
• 1M: -2.15%
• 6M: -32.92%
• YTD: -21.83%
• 1Y: 2.34%
• 3Y*: -1.17%
• 5Y*: -15.52%
• 10Y*: 6.21%

GOLI

• 1D: -1.71%
• 1M: -3.41%
• 6M: -14.24%
• YTD: -10.70%
• 1Y: 2.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PALL vs. GOLI - Yearly Performance Comparison

	2026 (YTD)	2025
PALL Aberdeen Standard Physical Palladium Shares ETF	-21.83%	61.00%
GOLI Defiance Gold Enhanced Options Income ETF	-10.70%	15.16%

Correlation

The correlation between PALL and GOLI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025	0.49

The correlation between PALL and GOLI has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

Return for Risk

PALL vs. GOLI — Risk / Return Rank

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

PALL

PALL Risk / Return Rank: 11
PALL Sharpe Ratio Rank: 10
PALL Sortino Ratio Rank: 12
PALL Omega Ratio Rank: 13
PALL Calmar Ratio Rank: 10
PALL Martin Ratio Rank: 10

GOLI

GOLI Risk / Return Rank: 11
GOLI Sharpe Ratio Rank: 11
GOLI Sortino Ratio Rank: 11
GOLI Omega Ratio Rank: 12
GOLI Calmar Ratio Rank: 10
GOLI Martin Ratio Rank: 11

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. GOLI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and Defiance Gold Enhanced Options Income ETF (GOLI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PALL	GOLI	Difference
Sharpe ratio: Return per unit of total volatility	0.05	0.09	-0.05
Sortino ratio: Return per unit of downside risk	0.41	0.29	+0.12
Omega ratio: Gain probability vs. loss probability	1.05	1.05	+0.01
Calmar ratio: Return relative to maximum drawdown	0.05	0.09	-0.04
Martin ratio: Return relative to average drawdown	0.11	0.29	-0.17

PALL vs. GOLI - Sharpe Ratio Comparison

The current PALL Sharpe Ratio is 0.05, which is lower than the GOLI Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of PALL and GOLI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PALL vs. GOLI - Drawdown Comparison

The maximum PALL drawdown since its inception was -73.63%, which is greater than GOLI's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for PALL and GOLI.

Drawdown Indicators

	PALL	GOLI	Difference
Max Drawdown Largest peak-to-trough decline	-73.63%	-25.88%	-47.75%
Max Drawdown (1Y) Largest decline over 1 year	-43.20%	-25.88%	-17.32%
Max Drawdown (3Y) Largest decline over 3 years	-43.20%	—	—
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	-61.47%	-20.59%	-40.88%
Average Drawdown Average peak-to-trough decline	-27.02%	-5.11%	-21.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.49%	8.28%	+12.21%

Volatility

PALL vs. GOLI - Volatility Comparison

The current volatility for Aberdeen Standard Physical Palladium Shares ETF (PALL) is 12.76%, while Defiance Gold Enhanced Options Income ETF (GOLI) has a volatility of 14.48%. This indicates that PALL experiences smaller price fluctuations and is considered to be less risky than GOLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PALL	GOLI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.76%	14.48%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	36.37%	23.37%	+13.00%
Volatility (1Y) Calculated over the trailing 1-year period	50.61%	25.07%	+25.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.52%	23.26%	+19.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.10%	23.26%	+14.84%

PALL vs. GOLI - Expense Ratio Comparison

PALL has a 0.60% expense ratio, which is lower than GOLI's 0.99% expense ratio.

Dividends

PALL vs. GOLI - Dividend Comparison

PALL has not paid dividends to shareholders, while GOLI's dividend yield for the trailing twelve months is around 51.67%.

Position	TTM	2025
GOLI Defiance Gold Enhanced Options Income ETF	51.67%	37.38%
PALL Aberdeen Standard Physical Palladium Shares ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PALL and GOLI in my portfolio?

PALL and GOLI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PALL or GOLI?

GOLI has higher volatility (14.48%) compared to PALL (12.76%). In terms of maximum drawdown, PALL dropped -73.63% vs GOLI's -25.88%.

Which ETF is better, PALL or GOLI?

On 1-year performance, GOLI leads with 2.36% vs 2.34% for PALL. On fees, PALL is cheaper at 0.60% per year. On volatility, PALL has been the lower-risk option at 12.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PALL or GOLI?

Over the 1-year period, GOLI has performed better with a 2.36% return vs 2.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PALL or GOLI?

PALL is cheaper with a 0.60% expense ratio, compared with 0.99% for GOLI.

Which ETF pays a higher dividend yield, PALL or GOLI?

GOLI has the higher dividend yield at 51.67%, compared with 0.00% for PALL.

What is the main difference between PALL and GOLI?

PALL is categorized as Precious Metals, while GOLI is Derivative Income. They also come from different issuers: Aberdeen and Defiance. Their fees differ too: 0.60% for PALL and 0.99% for GOLI.

Which has better risk-adjusted returns?

GOLI currently has the higher Sharpe Ratio (0.09 vs 0.05), 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.