PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PALL vs. XLE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PALL vs. XLE

Last updated Jun 4, 2026

PALL (Aberdeen Standard Physical Palladium Shares ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - PALL is a Precious Metals fund tracking the Palladium London PM Fix ($/ozt), while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Both are passively managed. Over the past 10 years, PALL returned 8.36%/yr vs 10.22%/yr for XLE. At a 0.28 correlation, their price movements are largely independent. PALL charges 0.60%/yr vs 0.08%/yr for XLE.

Performance

PALL vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Palladium Shares ETF (PALL) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PALL achieves a -18.39% return, which is significantly lower than XLE's 32.17% return. Over the past 10 years, PALL has underperformed XLE with an annualized return of 8.36%, while XLE has yielded a comparatively higher 10.22% 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%

XLE

1D
1.29%
1M
-1.14%
YTD
32.17%
6M
29.80%
1Y
45.00%
3Y*
17.46%
5Y*
20.44%
10Y*
10.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PALL vs. XLE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
XLE
State Street Energy Select Sector SPDR ETF		32.17%7.88%5.56%-0.63%64.32%53.28%-32.67%11.74%-18.22%-0.89%

Correlation

The correlation between PALL and XLE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Jan 15, 2010

0.28

Over the past year, the correlation between PALL and XLE has dropped to 0.02 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Aberdeen Standard Physical Palladium Shares ETF

State Street Energy Select Sector SPDR ETF

Often compared with PALL:
PALL vs. SPPPPALL vs. SPPP.LPALL vs. GLDPALL vs. PLTMPALL vs. IAUMPALL vs. FAARPALL vs. SIVR
Often compared with XLE:
XLE vs. VDEXLE vs. USOXLE vs. XOPXLE vs. XLUXLE vs. XLKXLE vs. IXCXLE vs. FENY

Return for Risk

PALL vs. XLE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PALL
PALL Risk / Return Rank: 1919
Overall Rank
PALL Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
PALL Sortino Ratio Rank: 1919
Sortino Ratio Rank
PALL Omega Ratio Rank: 2121
Omega Ratio Rank
PALL Calmar Ratio Rank: 1919
Calmar Ratio Rank
PALL Martin Ratio Rank: 1717
Martin Ratio Rank
XLE
XLE Risk / Return Rank: 6363
Overall Rank
XLE Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XLE Sortino Ratio Rank: 5959
Sortino Ratio Rank
XLE Omega Ratio Rank: 5656
Omega Ratio Rank
XLE Calmar Ratio Rank: 7373
Calmar Ratio Rank
XLE Martin Ratio Rank: 6060
Martin Ratio Rank
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. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and State Street Energy Select Sector SPDR ETF (XLE). 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.

PALLXLEDifference

Sharpe ratio

Return per unit of total volatility

0.56

2.21

-1.64

Sortino ratio

Return per unit of downside risk

1.04

2.84

-1.80

Omega ratio

Gain probability vs. loss probability

1.14

1.35

-0.21

Calmar ratio

Return relative to maximum drawdown

0.78

3.75

-2.97

Martin ratio

Return relative to average drawdown

1.74

10.92

-9.18

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. XLE - Sharpe Ratio Comparison

The current PALL Sharpe Ratio is 0.56, which is lower than the XLE Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of PALL and XLE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

PALLXLEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.56

2.21

-1.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.35

0.79

-1.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

0.35

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.18

0.31

-0.13

Drawdowns

PALL vs. XLE - Drawdown Comparison

The maximum PALL drawdown since its inception was -73.63%, roughly equal to the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for PALL and XLE.

Loading charts...

Drawdown Indicators

PALLXLEDifference

Max Drawdown

Largest peak-to-trough decline

-73.63%

-71.26%

-2.37%

Max Drawdown (1Y)

Largest decline over 1 year

-36.18%

-12.05%

-24.13%

Max Drawdown (3Y)

Largest decline over 3 years

-40.47%

-20.14%

-20.33%

Max Drawdown (5Y)

Largest decline over 5 years

-73.63%

-26.04%

-47.59%

Max Drawdown (10Y)

Largest decline over 10 years

-73.63%

-66.81%

-6.82%

Current Drawdown

Current decline from peak

-59.78%

-6.15%

-53.63%

Average Drawdown

Average peak-to-trough decline

-26.81%

-17.98%

-8.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.25%

4.14%

+12.11%

Volatility

PALL vs. XLE - Volatility Comparison

Aberdeen Standard Physical Palladium Shares ETF (PALL) has a higher volatility of 10.54% compared to State Street Energy Select Sector SPDR ETF (XLE) at 8.25%. This indicates that PALL's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PALLXLEDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.54%

8.25%

+2.29%

Volatility (6M)

Calculated over the trailing 6-month period

41.87%

16.58%

+25.29%

Volatility (1Y)

Calculated over the trailing 1-year period

50.24%

20.53%

+29.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.46%

26.02%

+16.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.91%

29.59%

+8.32%

PALL vs. XLE - Expense Ratio Comparison

PALL has a 0.60% expense ratio, which is higher than XLE's 0.08% expense ratio.

Dividends

PALL vs. XLE - Dividend Comparison

PALL has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 2.54%.

PositionTTM20252024202320222021202020192018201720162015
PALL
Aberdeen Standard Physical Palladium Shares ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XLE
State Street Energy Select Sector SPDR ETF		2.54%3.28%3.36%3.55%3.68%4.21%5.62%6.72%3.54%3.03%2.26%3.39%

Frequently Asked Questions

PALL and XLE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PALL has higher volatility (10.54%) compared to XLE (8.25%). In terms of maximum drawdown, PALL dropped -73.63% vs XLE's -71.26%.

On 10-year performance, XLE leads with 10.22% vs 8.36% for PALL. On fees, XLE is cheaper at 0.08% per year. On volatility, XLE has been the lower-risk option at 8.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XLE has performed better with a 10.22% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLE is cheaper with a 0.08% expense ratio, compared with 0.60% for PALL.

XLE has the higher dividend yield at 2.54%, compared with 0.00% for PALL.

PALL is categorized as Precious Metals, while XLE is Energy Equities. PALL tracks Palladium London PM Fix ($/ozt), while XLE tracks Energy Select Sector Index. They also come from different issuers: Aberdeen and State Street. Their fees differ too: 0.60% for PALL and 0.08% for XLE.

XLE currently has the higher Sharpe Ratio (2.21 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.

Portfolio Optimizer

Find the right allocation for PALL and XLE

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer