PPDX.L vs. GLDI.L
PPDX.L (WisdomTree Physical Palladium) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - PPDX.L is a Precious Metals fund tracking the LBMA Palladium Price, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. PPDX.L is passively managed, while GLDI.L is actively managed. Over the past year, PPDX.L returned 14.67% vs 14.77% for GLDI.L. At a 0.40 correlation, their price movements are largely independent. PPDX.L charges 0.49%/yr vs 0.35%/yr for GLDI.L.
Performance
PPDX.L vs. GLDI.L - Performance Comparison
Loading charts...
Different Trading Currencies
PPDX.L is traded in GBp, while GLDI.L is traded in USD. To make them comparable, the GLDI.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 -24.26% return, which is significantly lower than GLDI.L's -9.79% 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%
GLDI.L
- 1D
- 0.00%
- 1M
- -6.97%
- YTD
- -9.79%
- 6M
- -12.75%
- 1Y
- 14.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPDX.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PPDX.L WisdomTree Physical Palladium | -24.26% | 62.02% | 1.39% |
GLDI.L IncomeShares Gold+ Yield ETP | -9.79% | 44.90% | 5.01% |
Correlation
The correlation between PPDX.L and GLDI.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2024 | 0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PPDX.L vs. GLDI.L — Risk / Return Rank
PPDX.L
GLDI.L
PPDX.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Palladium (PPDX.L) and IncomeShares Gold+ Yield ETP (GLDI.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 | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.14 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.66 | -0.31 |
| Martin ratioReturn relative to average drawdown | 0.76 | 1.78 | -1.02 |
Loading charts...
Drawdowns
PPDX.L vs. GLDI.L - Drawdown Comparison
The maximum PPDX.L drawdown since its inception was -77.71%, which is greater than GLDI.L's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for PPDX.L and GLDI.L.
Loading charts...
Drawdown Indicators
| PPDX.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.71% | -22.42% | -55.29% |
Max Drawdown (1Y)Largest decline over 1 year | -42.94% | -22.42% | -20.52% |
Max Drawdown (3Y)Largest decline over 3 years | -42.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.71% | — | — |
Current DrawdownCurrent decline from peak | -70.93% | -21.58% | -49.35% |
Average DrawdownAverage peak-to-trough decline | -28.35% | -3.94% | -24.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 8.28% | +11.10% |
Volatility
PPDX.L vs. GLDI.L - Volatility Comparison
WisdomTree Physical Palladium (PPDX.L) has a higher volatility of 12.02% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 7.44%. This indicates that PPDX.L's price experiences larger fluctuations and is considered to be riskier than GLDI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPDX.L | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.02% | 7.44% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 37.29% | 19.38% | +17.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.16% | 22.35% | +22.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.82% | 18.89% | +24.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.44% | 18.89% | +19.55% |
PPDX.L vs. GLDI.L - Expense Ratio Comparison
PPDX.L has a 0.49% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.
Dividends
PPDX.L vs. GLDI.L - Dividend Comparison
PPDX.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 6.81%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDI.L IncomeShares Gold+ Yield ETP | 6.81% | 6.28% | 0.50% |
PPDX.L WisdomTree Physical Palladium | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPDX.L and GLDI.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.49% for PPDX.L.
PPDX.L is categorized as Precious Metals, while GLDI.L is Derivative Income. They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.49% for PPDX.L and 0.35% for GLDI.L.
Find the right allocation for PPDX.L and GLDI.L
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