PPLT vs. PALL
PPLT (Aberdeen Standard Physical Platinum Shares ETF) and PALL (Aberdeen Standard Physical Palladium Shares ETF) are both Precious Metals funds from Aberdeen - PPLT tracks the Platinum London PM Fix ($/ozt) while PALL tracks the Palladium London PM Fix ($/ozt). Both are passively managed. Over the past 10 years, PPLT returned 5.97%/yr vs 8.36%/yr for PALL. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.
Performance
PPLT vs. PALL - Performance Comparison
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Returns By Period
In the year-to-date period, PPLT achieves a -9.46% return, which is significantly higher than PALL's -18.39% return. Over the past 10 years, PPLT has underperformed PALL with an annualized return of 5.97%, while PALL has yielded a comparatively higher 8.36% annualized return.
PPLT
- 1D
- -3.71%
- 1M
- -4.22%
- YTD
- -9.46%
- 6M
- 11.32%
- 1Y
- 71.46%
- 3Y*
- 22.13%
- 5Y*
- 9.07%
- 10Y*
- 5.97%
PALL
- 1D
- -4.89%
- 1M
- -11.74%
- YTD
- -18.39%
- 6M
- -11.90%
- 1Y
- 28.17%
- 3Y*
- -3.26%
- 5Y*
- -14.89%
- 10Y*
- 8.36%
PPLT vs. PALL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPLT Aberdeen Standard Physical Platinum Shares ETF | -9.46% | 124.48% | -8.90% | -8.18% | 10.43% | -10.75% | 10.78% | 20.85% | -14.95% | 2.38% |
PALL Aberdeen Standard Physical Palladium Shares ETF | -18.39% | 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 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2010 | 0.59 |
The correlation between PPLT and PALL shifts across timeframes, from 0.55 (10 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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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 Aberdeen Standard Physical Platinum Shares ETF (PPLT) and Aberdeen Standard 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.
| PPLT | PALL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 0.78 | +1.31 |
| Martin ratioReturn relative to average drawdown | 4.41 | 1.74 | +2.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPLT | PALL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.56 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | -0.35 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.22 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.18 | -0.16 |
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 | -34.41% | -36.18% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -34.41% | -40.47% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | -73.63% | +39.22% |
Max Drawdown (10Y)Largest decline over 10 years | -51.14% | -73.63% | +22.49% |
Current DrawdownCurrent decline from peak | -33.08% | -59.78% | +26.70% |
Average DrawdownAverage peak-to-trough decline | -39.95% | -26.81% | -13.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.24% | 16.25% | -0.01% |
Volatility
PPLT vs. PALL - Volatility Comparison
Aberdeen Standard Physical Platinum Shares ETF (PPLT) has a higher volatility of 11.22% compared to Aberdeen Standard Physical Palladium Shares ETF (PALL) at 10.54%. This indicates that PPLT's price experiences larger fluctuations and is considered to be riskier 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 | 11.22% | 10.54% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 44.68% | 41.87% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.72% | 50.24% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.49% | 42.46% | -9.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.00% | 37.91% | -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 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPLT has higher volatility (11.22%) compared to PALL (10.54%). In terms of maximum drawdown, PPLT dropped -70.73% vs PALL's -73.63%.
On 10-year performance, PALL leads with 8.36% vs 5.97% for PPLT. Both ETFs have the same 0.60% expense ratio. On volatility, PALL has been the lower-risk option at 10.54%. 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 8.36% return vs 5.97%. 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 Platinum London PM Fix ($/ozt), while PALL tracks Palladium London PM Fix ($/ozt).
PPLT currently has the higher Sharpe Ratio (1.42 vs 0.56), 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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