PALL vs. SIVR
PALL (Aberdeen Standard Physical Palladium Shares ETF) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - PALL is a Precious Metals fund tracking the Palladium London PM Fix ($/ozt), while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, PALL returned 8.36%/yr vs 15.77%/yr for SIVR. At a 0.47 correlation, their price movements are largely independent. PALL charges 0.60%/yr vs 0.30%/yr for SIVR.
Performance
PALL vs. SIVR - 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 SIVR's 2.85% return. Over the past 10 years, PALL has underperformed SIVR with an annualized return of 8.36%, while SIVR has yielded a comparatively higher 15.77% annualized 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%
SIVR
- 1D
- -2.62%
- 1M
- 0.42%
- YTD
- 2.85%
- 6M
- 24.90%
- 1Y
- 110.95%
- 3Y*
- 45.38%
- 5Y*
- 21.00%
- 10Y*
- 15.77%
PALL vs. SIVR - 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% | 55.73% |
SIVR abrdn Physical Silver Shares ETF | 2.85% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between PALL and SIVR is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2010 | 0.47 |
The correlation between PALL and SIVR shifts across timeframes, from 0.43 (10 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PALL vs. SIVR — Risk / Return Rank
PALL
SIVR
PALL vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.35 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.63 | -1.85 |
| Martin ratioReturn relative to average drawdown | 1.74 | 5.67 | -3.93 |
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 | SIVR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.90 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.58 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.50 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.32 | -0.14 |
Drawdowns
PALL vs. SIVR - Drawdown Comparison
The maximum PALL drawdown since its inception was -73.63%, roughly equal to the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for PALL and SIVR.
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Drawdown Indicators
| PALL | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.63% | -75.85% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -36.18% | -42.42% | +6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -40.47% | -42.42% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -73.63% | -42.42% | -31.21% |
Max Drawdown (10Y)Largest decline over 10 years | -73.63% | -42.42% | -31.21% |
Current DrawdownCurrent decline from peak | -59.78% | -37.25% | -22.53% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -47.85% | +21.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.25% | 19.64% | -3.39% |
Volatility
PALL vs. SIVR - Volatility Comparison
The current volatility for Aberdeen Standard Physical Palladium Shares ETF (PALL) is 10.54%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.28%. This indicates that PALL experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PALL | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 16.28% | -5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 41.87% | 58.30% | -16.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.24% | 58.84% | -8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.46% | 36.17% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.91% | 31.87% | +6.04% |
PALL vs. SIVR - Expense Ratio Comparison
PALL has a 0.60% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Dividends
PALL vs. SIVR - Dividend Comparison
Neither PALL nor SIVR has paid dividends to shareholders.
Frequently Asked Questions
PALL and SIVR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.28%) compared to PALL (10.54%). In terms of maximum drawdown, PALL dropped -73.63% vs SIVR's -75.85%.
On 10-year performance, SIVR leads with 15.77% vs 8.36% for PALL. On fees, SIVR is cheaper at 0.30% per year. On volatility, PALL has been the lower-risk option at 10.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIVR has performed better with a 15.77% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.60% for PALL.
PALL and SIVR have nearly identical dividend yields, around 0.00%.
PALL is categorized as Precious Metals, while SIVR is Silver. PALL tracks Palladium London PM Fix ($/ozt), while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: Aberdeen and abrdn. Their fees differ too: 0.60% for PALL and 0.30% for SIVR.
SIVR currently has the higher Sharpe Ratio (1.90 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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