PALL vs. SPLT.L
PALL (Aberdeen Standard Physical Palladium Shares ETF) and SPLT.L (iShares Physical Platinum ETC) are both Precious Metals funds - PALL tracks the Palladium London PM Fix ($/ozt) while SPLT.L tracks the Platinum. Both are passively managed. Over the past 10 years, PALL returned 8.36%/yr vs 6.46%/yr for SPLT.L. At a 0.47 correlation, their price movements are largely independent. PALL charges 0.60%/yr vs 0.20%/yr for SPLT.L.
Performance
PALL vs. SPLT.L - Performance Comparison
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Different Trading Currencies
PALL is traded in USD, while SPLT.L is traded in GBp. To make them comparable, the SPLT.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 -18.39% return, which is significantly lower than SPLT.L's -5.69% return. Over the past 10 years, PALL has outperformed SPLT.L with an annualized return of 8.36%, while SPLT.L has yielded a comparatively lower 6.46% 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%
SPLT.L
- 1D
- -3.02%
- 1M
- -5.30%
- YTD
- -5.69%
- 6M
- 13.54%
- 1Y
- 74.80%
- 3Y*
- 23.07%
- 5Y*
- 9.86%
- 10Y*
- 6.46%
PALL vs. SPLT.L - 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% |
SPLT.L iShares Physical Platinum ETC | -5.69% | 120.07% | -9.90% | -6.07% | 10.71% | -10.99% | 10.32% | 22.42% | -15.00% | 1.98% |
Correlation
The correlation between PALL and SPLT.L 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 | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.47 |
The correlation between PALL and SPLT.L shifts across timeframes, from 0.47 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PALL vs. SPLT.L — Risk / Return Rank
PALL
SPLT.L
PALL vs. SPLT.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 Platinum ETC (SPLT.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 | SPLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.09 | -1.31 |
| Martin ratioReturn relative to average drawdown | 1.74 | 4.38 | -2.64 |
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 | SPLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.54 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.30 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.22 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.00 | +0.17 |
Drawdowns
PALL vs. SPLT.L - Drawdown Comparison
The maximum PALL drawdown since its inception was -73.63%, which is greater than SPLT.L's maximum drawdown of -70.11%. Use the drawdown chart below to compare losses from any high point for PALL and SPLT.L.
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Drawdown Indicators
| PALL | SPLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.63% | -70.11% | -3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -36.18% | -35.57% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -40.47% | -35.57% | -4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -73.63% | -35.57% | -38.06% |
Max Drawdown (10Y)Largest decline over 10 years | -73.63% | -51.44% | -22.19% |
Current DrawdownCurrent decline from peak | -59.78% | -33.81% | -25.97% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -42.93% | +16.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.25% | 17.03% | -0.78% |
Volatility
PALL vs. SPLT.L - Volatility Comparison
The current volatility for Aberdeen Standard Physical Palladium Shares ETF (PALL) is 10.54%, while iShares Physical Platinum ETC (SPLT.L) has a volatility of 11.84%. This indicates that PALL experiences smaller price fluctuations and is considered to be less risky than SPLT.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 | SPLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 11.84% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 41.87% | 42.93% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.24% | 48.46% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.46% | 32.41% | +10.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.91% | 29.29% | +8.62% |
PALL vs. SPLT.L - Expense Ratio Comparison
PALL has a 0.60% expense ratio, which is higher than SPLT.L's 0.20% expense ratio.
Dividends
PALL vs. SPLT.L - Dividend Comparison
Neither PALL nor SPLT.L has paid dividends to shareholders.
Frequently Asked Questions
PALL and SPLT.L 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.
On fees, SPLT.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPLT.L is cheaper with a 0.20% expense ratio, compared with 0.60% for PALL.
PALL tracks Palladium London PM Fix ($/ozt), while SPLT.L tracks Platinum. They also come from different issuers: Aberdeen and iShares. Their fees differ too: 0.60% for PALL and 0.20% for SPLT.L.
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