PPLT vs. PALL
PPLT (abrdn Physical Platinum Shares ETF) and PALL (abrdn Physical Palladium Shares ETF) are both Precious Metals funds from abrdn - PPLT tracks the LBMA Platinum Price PM while PALL tracks the Palladium London PM Fix ($/ozt). Both are passively managed. Over the past 10 years, PPLT returned 2.98%/yr vs 5.48%/yr for PALL. Their 0.60 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.60% expense ratio.
Performance
PPLT vs. PALL - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PPLT having a -20.83% return and PALL slightly lower at -21.48%. Over the past 10 years, PPLT has underperformed PALL with an annualized return of 2.98%, while PALL has yielded a comparatively higher 5.48% annualized return.
PPLT
- 1D
- -1.34%
- 1M
- 0.27%
- 6M
- -24.17%
- YTD
- -20.83%
- 1Y
- 22.95%
- 3Y*
- 20.12%
- 5Y*
- 9.09%
- 10Y*
- 2.98%
- ALL TIME*
- -0.41%
PALL
- 1D
- -1.72%
- 1M
- -0.35%
- 6M
- -26.89%
- YTD
- -21.48%
- 1Y
- 3.67%
- 3Y*
- -0.66%
- 5Y*
- -14.30%
- 10Y*
- 5.48%
- ALL TIME*
- 5.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.67M | $14.02M | $19.56M | |
| $23.87M | $27.98M | $37.99M |
PPLT vs. PALL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPLT abrdn Physical Platinum Shares ETF | -20.83% | 124.48% | -8.90% | -8.18% | 10.43% | -10.75% | 10.78% | 20.85% | -14.95% | 2.38% |
PALL abrdn Physical Palladium Shares ETF | -21.48% | 74.07% | -17.38% | -38.77% | -6.28% | -23.26% | 25.27% | 53.94% | 17.23% | 55.73% |
Correlation
The correlation between PPLT and PALL is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2010 | 0.60 |
Over the past year, PPLT and PALL have become more correlated (0.81) than their long-term average of 0.60, meaning their price movements have been converging.
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Return for Risk
PPLT vs. PALL — Risk / Return Rank
PPLT
PALL
PPLT vs. PALL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Platinum Shares ETF (PPLT) and abrdn Physical Palladium Shares ETF (PALL). 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.
| PPLT | PALL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.06 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.09 | +0.44 |
| Martin ratioReturn relative to average drawdown | 1.01 | 0.17 | +0.84 |
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Drawdowns
PPLT vs. PALL - Drawdown Comparison
The maximum PPLT drawdown since its inception was -70.73%, roughly equal to the maximum PALL drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for PPLT and PALL.
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Drawdown Indicators
| PPLT | PALL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -73.63% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -43.98% | -43.20% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -43.20% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -43.98% | -73.63% | +29.65% |
Max Drawdown (10Y)Largest decline over 10 years | -51.14% | -73.63% | +22.49% |
Current DrawdownCurrent decline from peak | -41.49% | -61.31% | +19.82% |
Average DrawdownAverage peak-to-trough decline | -39.95% | -27.14% | -12.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.88% | 22.15% | +0.73% |
Volatility
PPLT vs. PALL - Volatility Comparison
The current volatility for abrdn Physical Platinum Shares ETF (PPLT) is 8.56%, while abrdn Physical Palladium Shares ETF (PALL) has a volatility of 11.47%. This indicates that PPLT experiences smaller price fluctuations and is considered to be less risky than PALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPLT | PALL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.56% | 11.47% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 32.25% | 31.33% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.84% | 50.73% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.85% | 42.64% | -9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.29% | 38.20% | -8.91% |
PPLT vs. PALL - Expense Ratio Comparison
Both PPLT and PALL have an expense ratio of 0.60%.
Dividends
PPLT vs. PALL - Dividend Comparison
Neither PPLT nor PALL has paid dividends to shareholders.
Frequently Asked Questions
PPLT and PALL have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PALL has higher volatility (11.47%) compared to PPLT (8.56%). In terms of maximum drawdown, PPLT dropped -70.73% vs PALL's -73.63%.
On 10-year performance, PALL leads with 5.48% vs 2.98% for PPLT. Both ETFs have the same 0.60% expense ratio. On volatility, PPLT has been the lower-risk option at 8.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PALL has performed better with a 5.48% return vs 2.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PPLT and PALL have the same expense ratio: 0.60% per year.
PPLT and PALL have nearly identical dividend yields, around 0.00%.
PPLT tracks LBMA Platinum Price PM, while PALL tracks Palladium London PM Fix ($/ozt).
PPLT currently has the higher Sharpe Ratio (0.46 vs 0.07), 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.
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