PPDX.L vs. GJGB.L
PPDX.L (WisdomTree Physical Palladium) and GJGB.L (VanEck Junior Gold Miners UCITS ETF) are both exchange-traded funds - PPDX.L is a Precious Metals fund tracking the LBMA Palladium Price, while GJGB.L is a Gold fund tracking the MVIS Global Junior Gold Miners Index. Both are passively managed. Over the past 5 years, PPDX.L returned -18.76%/yr vs 18.45%/yr for GJGB.L. At a 0.30 correlation, their price movements are largely independent. PPDX.L charges 0.49%/yr vs 0.55%/yr for GJGB.L.
Performance
PPDX.L vs. GJGB.L - Performance Comparison
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Different Trading Currencies
PPDX.L is traded in GBp, while GJGB.L is traded in GBP. To make them comparable, the GJGB.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 GJGB.L's -15.95% 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%
GJGB.L
- 1D
- -3.77%
- 1M
- -15.76%
- 6M
- -24.81%
- YTD
- -15.95%
- 1Y
- 44.68%
- 3Y*
- 36.58%
- 5Y*
- 18.45%
- 10Y*
- —
PPDX.L vs. GJGB.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% | 18.98% |
GJGB.L VanEck Junior Gold Miners UCITS ETF | -15.95% | 156.47% | 14.85% | 1.67% | -2.76% | -22.00% | 25.74% | 39.66% | -7.88% | -5.56% |
Correlation
The correlation between PPDX.L and GJGB.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017 | 0.30 |
Over the past year, PPDX.L and GJGB.L have become more correlated (0.55) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
PPDX.L vs. GJGB.L — Risk / Return Rank
PPDX.L
GJGB.L
PPDX.L vs. GJGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Palladium (PPDX.L) and VanEck Junior Gold Miners UCITS ETF (GJGB.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 | GJGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.17 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.15 | -0.94 |
| Martin ratioReturn relative to average drawdown | 0.42 | 2.69 | -2.27 |
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Drawdowns
PPDX.L vs. GJGB.L - Drawdown Comparison
The maximum PPDX.L drawdown since its inception was -77.71%, which is greater than GJGB.L's maximum drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for PPDX.L and GJGB.L.
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Drawdown Indicators
| PPDX.L | GJGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.71% | -49.12% | -28.59% |
Max Drawdown (1Y)Largest decline over 1 year | -42.94% | -38.67% | -4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -42.94% | -38.67% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -77.71% | -38.67% | -39.04% |
Max Drawdown (10Y)Largest decline over 10 years | -77.71% | — | — |
Current DrawdownCurrent decline from peak | -68.14% | -37.84% | -30.30% |
Average DrawdownAverage peak-to-trough decline | -28.51% | -22.48% | -6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.54% | 16.59% | +4.95% |
Volatility
PPDX.L vs. GJGB.L - Volatility Comparison
The current volatility for WisdomTree Physical Palladium (PPDX.L) is 10.98%, while VanEck Junior Gold Miners UCITS ETF (GJGB.L) has a volatility of 16.08%. This indicates that PPDX.L experiences smaller price fluctuations and is considered to be less risky than GJGB.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 | GJGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.98% | 16.08% | -5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 33.23% | 40.59% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.52% | 49.92% | -5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.92% | 38.05% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.49% | 37.26% | +1.23% |
PPDX.L vs. GJGB.L - Expense Ratio Comparison
PPDX.L has a 0.49% expense ratio, which is lower than GJGB.L's 0.55% expense ratio.
Dividends
PPDX.L vs. GJGB.L - Dividend Comparison
Neither PPDX.L nor GJGB.L has paid dividends to shareholders.
Frequently Asked Questions
PPDX.L and GJGB.L have a correlation of 0.55, 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 GJGB.L.
PPDX.L is categorized as Precious Metals, while GJGB.L is Gold. PPDX.L tracks LBMA Palladium Price, while GJGB.L tracks MVIS Global Junior Gold Miners Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.49% for PPDX.L and 0.55% for GJGB.L.
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