PALL vs. SLVR

Last updated Jun 4, 2026

PALL (Aberdeen Standard Physical Palladium Shares ETF) and SLVR (Sprott Silver Miners & Physical Silver ETF) are both exchange-traded funds - PALL is a Precious Metals fund tracking the Palladium London PM Fix ($/ozt), while SLVR is a Silver fund tracking the Nasdaq Sprott Silver Miners™ Index. Both are passively managed. Over the past year, PALL returned 28.17% vs 118.11% for SLVR. A 0.56 correlation means they provide meaningful diversification when combined. PALL charges 0.60%/yr vs 0.65%/yr for SLVR.

Performance

PALL vs. SLVR - Performance Comparison

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

Returns By Period

In the year-to-date period, PALL achieves a -18.39% return, which is significantly lower than SLVR's 6.80% 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%

SLVR

• 1D: -5.47%
• 1M: 1.96%
• YTD: 6.80%
• 6M: 18.93%
• 1Y: 118.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PALL vs. SLVR - Yearly Performance Comparison

	2026 (YTD)	2025
PALL Aberdeen Standard Physical Palladium Shares ETF	-18.39%	64.46%
SLVR Sprott Silver Miners & Physical Silver ETF	6.80%	170.44%

Correlation

The correlation between PALL and SLVR is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025	0.56

The correlation between PALL and SLVR has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.

Return for Risk

PALL vs. SLVR — Risk / Return Rank

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

PALL

PALL Risk / Return Rank: 19
PALL Sharpe Ratio Rank: 17
PALL Sortino Ratio Rank: 19
PALL Omega Ratio Rank: 21
PALL Calmar Ratio Rank: 19
PALL Martin Ratio Rank: 17

SLVR

SLVR Risk / Return Rank: 51
SLVR Sharpe Ratio Rank: 56
SLVR Sortino Ratio Rank: 45
SLVR Omega Ratio Rank: 48
SLVR Calmar Ratio Rank: 62
SLVR Martin Ratio Rank: 46

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. SLVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and Sprott Silver Miners & Physical Silver ETF (SLVR). 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	SLVR	Difference
Sharpe ratio Return per unit of total volatility	0.56	1.93	-1.36
Sortino ratio Return per unit of downside risk	1.04	2.25	-1.21
Omega ratio Gain probability vs. loss probability	1.14	1.31	-0.16
Calmar ratio Return relative to maximum drawdown	0.78	3.08	-2.29
Martin ratio Return relative to average drawdown	1.74	7.66	-5.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PALL vs. SLVR - Sharpe Ratio Comparison

The current PALL Sharpe Ratio is 0.56, which is lower than the SLVR Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of PALL and SLVR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PALL	SLVR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	1.93	-1.36
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	2.02	-1.84

Drawdowns

PALL vs. SLVR - Drawdown Comparison

The maximum PALL drawdown since its inception was -73.63%, which is greater than SLVR's maximum drawdown of -38.60%. Use the drawdown chart below to compare losses from any high point for PALL and SLVR.

Drawdown Indicators

	PALL	SLVR	Difference
Max Drawdown Largest peak-to-trough decline	-73.63%	-38.60%	-35.03%
Max Drawdown (1Y) Largest decline over 1 year	-36.18%	-38.60%	+2.42%
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 Drawdown Current decline from peak	-59.78%	-28.51%	-31.27%
Average Drawdown Average peak-to-trough decline	-26.81%	-9.24%	-17.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.25%	15.47%	+0.78%

Volatility

PALL vs. SLVR - Volatility Comparison

The current volatility for Aberdeen Standard Physical Palladium Shares ETF (PALL) is 10.54%, while Sprott Silver Miners & Physical Silver ETF (SLVR) has a volatility of 19.31%. This indicates that PALL experiences smaller price fluctuations and is considered to be less risky than SLVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PALL	SLVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.54%	19.31%	-8.77%
Volatility (6M) Calculated over the trailing 6-month period	41.87%	51.02%	-9.15%
Volatility (1Y) Calculated over the trailing 1-year period	50.24%	61.64%	-11.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.46%	57.85%	-15.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.91%	57.85%	-19.94%

PALL vs. SLVR - Expense Ratio Comparison

PALL has a 0.60% expense ratio, which is lower than SLVR's 0.65% expense ratio.

Dividends

PALL vs. SLVR - Dividend Comparison

PALL has not paid dividends to shareholders, while SLVR's dividend yield for the trailing twelve months is around 3.45%.

Position	TTM	2025
PALL Aberdeen Standard Physical Palladium Shares ETF	0.00%	0.00%
SLVR Sprott Silver Miners & Physical Silver ETF	3.45%	3.68%

Frequently Asked Questions

Can I hold both PALL and SLVR in my portfolio?

PALL and SLVR have a correlation of 0.59, 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 SLVR?

SLVR has higher volatility (19.31%) compared to PALL (10.54%). In terms of maximum drawdown, PALL dropped -73.63% vs SLVR's -38.60%.

Which ETF is better, PALL or SLVR?

On 1-year performance, SLVR leads with 118.11% vs 28.17% for PALL. On fees, PALL is cheaper at 0.60% 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.

Which ETF has performed better, PALL or SLVR?

Over the 1-year period, SLVR has performed better with a 118.11% return vs 28.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PALL or SLVR?

PALL is cheaper with a 0.60% expense ratio, compared with 0.65% for SLVR.

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

SLVR has the higher dividend yield at 3.45%, compared with 0.00% for PALL.

What is the main difference between PALL and SLVR?

PALL is categorized as Precious Metals, while SLVR is Silver. PALL tracks Palladium London PM Fix ($/ozt), while SLVR tracks Nasdaq Sprott Silver Miners™ Index. They also come from different issuers: Aberdeen and Sprott. Their fees differ too: 0.60% for PALL and 0.65% for SLVR.

Which has better risk-adjusted returns?

SLVR currently has the higher Sharpe Ratio (1.93 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.