PPDX.L vs. AUCO.L
PPDX.L (WisdomTree Physical Palladium) and AUCO.L (L&G Gold Mining UCITS ETF) are both exchange-traded funds - PPDX.L is a Precious Metals fund tracking the LBMA Palladium Price, while AUCO.L is a Gold fund tracking the STOXX Global Gold Miners Index. Both are passively managed. Over the past 10 years, PPDX.L returned 3.77%/yr vs 11.70%/yr for AUCO.L. At a 0.29 correlation, their price movements are largely independent. PPDX.L charges 0.49%/yr vs 0.55%/yr for AUCO.L.
Performance
PPDX.L vs. AUCO.L - Performance Comparison
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Different Trading Currencies
PPDX.L is traded in GBp, while AUCO.L is traded in USD. To make them comparable, the AUCO.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PPDX.L achieves a -17.00% return, which is significantly lower than AUCO.L's -15.05% return. Over the past 10 years, PPDX.L has underperformed AUCO.L with an annualized return of 3.77%, while AUCO.L has yielded a comparatively higher 11.70% annualized return.
PPDX.L
- 1D
- 0.00%
- 1M
- -3.74%
- 6M
- -28.95%
- YTD
- -17.00%
- 1Y
- 8.97%
- 3Y*
- 0.12%
- 5Y*
- -18.76%
- 10Y*
- 3.77%
AUCO.L
- 1D
- -3.99%
- 1M
- -15.23%
- 6M
- -23.89%
- YTD
- -15.05%
- 1Y
- 46.48%
- 3Y*
- 39.74%
- 5Y*
- 22.49%
- 10Y*
- 11.70%
PPDX.L vs. AUCO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPDX.L WisdomTree Physical Palladium | -17.00% | 62.02% | -18.11% | -51.02% | -7.71% | -19.05% | 22.83% | 51.27% | 18.90% | 55.60% |
AUCO.L L&G Gold Mining UCITS ETF | -15.05% | 161.75% | 20.02% | 9.27% | -4.11% | -9.27% | 18.14% | 38.65% | -5.11% | 0.49% |
Correlation
The correlation between PPDX.L and AUCO.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.29 |
Over the past year, PPDX.L and AUCO.L have become more correlated (0.54) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
PPDX.L vs. AUCO.L — Risk / Return Rank
PPDX.L
AUCO.L
PPDX.L vs. AUCO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Palladium (PPDX.L) and L&G Gold Mining UCITS ETF (AUCO.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PPDX.L | AUCO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.18 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.24 | -1.03 |
| Martin ratioReturn relative to average drawdown | 0.42 | 2.96 | -2.54 |
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Drawdowns
PPDX.L vs. AUCO.L - Drawdown Comparison
The maximum PPDX.L drawdown since its inception was -77.71%, roughly equal to the maximum AUCO.L drawdown of -77.54%. Use the drawdown chart below to compare losses from any high point for PPDX.L and AUCO.L.
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Drawdown Indicators
| PPDX.L | AUCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.71% | -77.54% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -42.94% | -37.18% | -5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -42.94% | -37.18% | -5.76% |
Max Drawdown (5Y)Largest decline over 5 years | -77.71% | -39.29% | -38.42% |
Max Drawdown (10Y)Largest decline over 10 years | -77.71% | -45.83% | -31.88% |
Current DrawdownCurrent decline from peak | -68.14% | -36.60% | -31.54% |
Average DrawdownAverage peak-to-trough decline | -28.51% | -34.38% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.54% | 15.68% | +5.86% |
Volatility
PPDX.L vs. AUCO.L - Volatility Comparison
The current volatility for WisdomTree Physical Palladium (PPDX.L) is 10.98%, while L&G Gold Mining UCITS ETF (AUCO.L) has a volatility of 16.14%. This indicates that PPDX.L experiences smaller price fluctuations and is considered to be less risky than AUCO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPDX.L | AUCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.98% | 16.14% | -5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 33.23% | 38.38% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.52% | 47.49% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.92% | 36.64% | +7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.49% | 34.19% | +4.30% |
PPDX.L vs. AUCO.L - Expense Ratio Comparison
PPDX.L has a 0.49% expense ratio, which is lower than AUCO.L's 0.55% expense ratio.
Dividends
PPDX.L vs. AUCO.L - Dividend Comparison
Neither PPDX.L nor AUCO.L has paid dividends to shareholders.
Frequently Asked Questions
PPDX.L and AUCO.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PPDX.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PPDX.L is cheaper with a 0.49% expense ratio, compared with 0.55% for AUCO.L.
PPDX.L is categorized as Precious Metals, while AUCO.L is Gold. PPDX.L tracks LBMA Palladium Price, while AUCO.L tracks STOXX Global Gold Miners Index. They also come from different issuers: WisdomTree and L&G. Their fees differ too: 0.49% for PPDX.L and 0.55% for AUCO.L.
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