PPDX.L vs. AUCP.L
PPDX.L (WisdomTree Physical Palladium) and AUCP.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 AUCP.L is a Gold fund tracking the STOXX Global Gold Miners. Both are passively managed. Over the past 10 years, PPDX.L returned 4.40%/yr vs 13.49%/yr for AUCP.L. At a 0.28 correlation, their price movements are largely independent. PPDX.L charges 0.49%/yr vs 0.55%/yr for AUCP.L.
Performance
PPDX.L vs. AUCP.L - Performance Comparison
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Returns By Period
In the year-to-date period, PPDX.L achieves a -24.26% return, which is significantly lower than AUCP.L's -10.22% return. Over the past 10 years, PPDX.L has underperformed AUCP.L with an annualized return of 4.40%, while AUCP.L has yielded a comparatively higher 13.49% annualized return.
PPDX.L
- 1D
- 0.00%
- 1M
- -13.04%
- YTD
- -24.26%
- 6M
- -34.59%
- 1Y
- 14.67%
- 3Y*
- -5.21%
- 5Y*
- -19.82%
- 10Y*
- 4.40%
AUCP.L
- 1D
- 1.39%
- 1M
- -11.29%
- YTD
- -10.22%
- 6M
- -14.31%
- 1Y
- 55.82%
- 3Y*
- 45.12%
- 5Y*
- 23.87%
- 10Y*
- 13.49%
PPDX.L vs. AUCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPDX.L WisdomTree Physical Palladium | -24.26% | 62.02% | -18.11% | -51.02% | -7.71% | -19.05% | 22.83% | 51.27% | 18.90% | 55.60% |
AUCP.L L&G Gold Mining UCITS ETF | -10.22% | 161.99% | 20.20% | 8.69% | -4.04% | -8.91% | 17.60% | 39.53% | -5.63% | 0.57% |
Correlation
The correlation between PPDX.L and AUCP.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.28 |
Over the past year, PPDX.L and AUCP.L have become more correlated (0.51) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
PPDX.L vs. AUCP.L — Risk / Return Rank
PPDX.L
AUCP.L
PPDX.L vs. AUCP.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 (AUCP.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 | AUCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.56 | -1.22 |
| Martin ratioReturn relative to average drawdown | 0.76 | 4.09 | -3.33 |
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Drawdowns
PPDX.L vs. AUCP.L - Drawdown Comparison
The maximum PPDX.L drawdown since its inception was -77.71%, roughly equal to the maximum AUCP.L drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for PPDX.L and AUCP.L.
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Drawdown Indicators
| PPDX.L | AUCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.71% | -81.66% | +3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -42.94% | -35.61% | -7.33% |
Max Drawdown (3Y)Largest decline over 3 years | -42.94% | -35.61% | -7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -77.71% | -39.38% | -38.33% |
Max Drawdown (10Y)Largest decline over 10 years | -77.71% | -45.72% | -31.99% |
Current DrawdownCurrent decline from peak | -70.93% | -32.88% | -38.05% |
Average DrawdownAverage peak-to-trough decline | -28.35% | -45.85% | +17.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 13.60% | +5.78% |
Volatility
PPDX.L vs. AUCP.L - Volatility Comparison
The current volatility for WisdomTree Physical Palladium (PPDX.L) is 12.02%, while L&G Gold Mining UCITS ETF (AUCP.L) has a volatility of 17.90%. This indicates that PPDX.L experiences smaller price fluctuations and is considered to be less risky than AUCP.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 | AUCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.02% | 17.90% | -5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 37.29% | 37.14% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.16% | 46.44% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.82% | 39.29% | +4.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.44% | 36.09% | +2.35% |
PPDX.L vs. AUCP.L - Expense Ratio Comparison
PPDX.L has a 0.49% expense ratio, which is lower than AUCP.L's 0.55% expense ratio.
Dividends
PPDX.L vs. AUCP.L - Dividend Comparison
Neither PPDX.L nor AUCP.L has paid dividends to shareholders.
Frequently Asked Questions
PPDX.L and AUCP.L have a correlation of 0.51, 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 AUCP.L.
PPDX.L is categorized as Precious Metals, while AUCP.L is Gold. PPDX.L tracks LBMA Palladium Price, while AUCP.L tracks STOXX Global Gold Miners. They also come from different issuers: WisdomTree and Legal & General. Their fees differ too: 0.49% for PPDX.L and 0.55% for AUCP.L.
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