PALL vs. SPDM.L
Compare and contrast key facts about Aberdeen Standard Physical Palladium Shares ETF (PALL) and iShares Physical Palladium ETC (SPDM.L).
PALL and SPDM.L 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. SPDM.L is a passively managed fund by iShares that tracks the performance of the London Palladium PM Fix. It was launched on Apr 8, 2011. Both PALL and SPDM.L 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. SPDM.L - Performance Comparison
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PALL vs. SPDM.L - 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% |
SPDM.L iShares Physical Palladium ETC | -10.52% | 74.44% | -19.00% | -38.04% | -5.71% | -20.33% | 22.88% | 53.28% | 17.94% | 56.28% |
Different Trading Currencies
PALL is traded in USD, while SPDM.L is traded in GBp. To make them comparable, the SPDM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PALL achieves a -7.34% return, which is significantly higher than SPDM.L's -10.52% return. Both investments have delivered pretty close results over the past 10 years, with PALL having a 9.50% annualized return and SPDM.L not far behind at 9.39%.
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%
SPDM.L
- 1D
- 1.29%
- 1M
- -20.63%
- YTD
- -10.52%
- 6M
- 13.07%
- 1Y
- 42.96%
- 3Y*
- -1.40%
- 5Y*
- -11.72%
- 10Y*
- 9.39%
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PALL vs. SPDM.L - Expense Ratio Comparison
PALL has a 0.60% expense ratio, which is higher than SPDM.L's 0.20% expense ratio.
Return for Risk
PALL vs. SPDM.L — Risk / Return Rank
PALL
SPDM.L
PALL vs. SPDM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and iShares Physical Palladium ETC (SPDM.L). 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 | SPDM.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.03 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.50 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.17 | +0.34 |
Martin ratioReturn relative to average drawdown | 4.55 | 3.60 | +0.95 |
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 | SPDM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.03 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | -0.27 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.24 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.11 | +0.09 |
Correlation
The correlation between PALL and SPDM.L is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PALL vs. SPDM.L - Dividend Comparison
Neither PALL nor SPDM.L has paid dividends to shareholders.
Drawdowns
PALL vs. SPDM.L - Drawdown Comparison
The maximum PALL drawdown since its inception was -73.63%, roughly equal to the maximum SPDM.L drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for PALL and SPDM.L.
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Drawdown Indicators
| PALL | SPDM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.63% | -70.87% | -2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -34.17% | -35.14% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -73.63% | -70.87% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -73.63% | -70.87% | -2.76% |
Current DrawdownCurrent decline from peak | -54.34% | -53.88% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -26.51% | -24.76% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.31% | 11.33% | -0.02% |
Volatility
PALL vs. SPDM.L - Volatility Comparison
Aberdeen Standard Physical Palladium Shares ETF (PALL) has a higher volatility of 15.73% compared to iShares Physical Palladium ETC (SPDM.L) at 12.33%. This indicates that PALL's price experiences larger fluctuations and is considered to be riskier than SPDM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PALL | SPDM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.73% | 12.33% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 43.92% | 38.42% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.74% | 44.18% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.07% | 42.89% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.71% | 38.54% | -0.83% |