SIVR vs. PALL
SIVR (abrdn Physical Silver Shares ETF) and PALL (Aberdeen Standard Physical Palladium Shares ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while PALL is a Precious Metals fund tracking the Palladium London PM Fix ($/ozt). Both are passively managed. Over the past 10 years, SIVR returned 15.77%/yr vs 8.36%/yr for PALL. At a 0.47 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.60%/yr for PALL.
Performance
SIVR vs. PALL - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a 2.85% return, which is significantly higher than PALL's -18.39% return. Over the past 10 years, SIVR has outperformed PALL with an annualized return of 15.77%, while PALL has yielded a comparatively lower 8.36% annualized return.
SIVR
- 1D
- -2.62%
- 1M
- 0.42%
- YTD
- 2.85%
- 6M
- 24.90%
- 1Y
- 110.95%
- 3Y*
- 45.38%
- 5Y*
- 21.00%
- 10Y*
- 15.77%
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%
SIVR vs. PALL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 2.85% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
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 SIVR and PALL is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2010 | 0.47 |
The correlation between SIVR and PALL shifts across timeframes, from 0.43 (10 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SIVR vs. PALL — Risk / Return Rank
SIVR
PALL
SIVR vs. PALL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) 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.
| SIVR | PALL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.14 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 0.78 | +1.85 |
| Martin ratioReturn relative to average drawdown | 5.67 | 1.74 | +3.93 |
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
| SIVR | PALL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 0.56 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | -0.35 | +0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.22 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.18 | +0.14 |
Drawdowns
SIVR vs. PALL - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, roughly equal to the maximum PALL drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for SIVR and PALL.
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Drawdown Indicators
| SIVR | PALL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -73.63% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -42.42% | -36.18% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -42.42% | -40.47% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -42.42% | -73.63% | +31.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.42% | -73.63% | +31.21% |
Current DrawdownCurrent decline from peak | -37.25% | -59.78% | +22.53% |
Average DrawdownAverage peak-to-trough decline | -47.85% | -26.81% | -21.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 16.25% | +3.39% |
Volatility
SIVR vs. PALL - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.28% compared to Aberdeen Standard Physical Palladium Shares ETF (PALL) at 10.54%. This indicates that SIVR'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
| SIVR | PALL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.28% | 10.54% | +5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 58.30% | 41.87% | +16.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.84% | 50.24% | +8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 42.46% | -6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 37.91% | -6.04% |
SIVR vs. PALL - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than PALL's 0.60% expense ratio.
Dividends
SIVR vs. PALL - Dividend Comparison
Neither SIVR nor PALL has paid dividends to shareholders.
Frequently Asked Questions
SIVR and PALL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.28%) compared to PALL (10.54%). In terms of maximum drawdown, SIVR dropped -75.85% vs PALL's -73.63%.
On 10-year performance, SIVR leads with 15.77% vs 8.36% for PALL. On fees, SIVR is cheaper at 0.30% per year. 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, SIVR has performed better with a 15.77% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.60% for PALL.
SIVR and PALL have nearly identical dividend yields, around 0.00%.
SIVR is categorized as Silver, while PALL is Precious Metals. SIVR tracks LBMA Silver Price ($/ozt), while PALL tracks Palladium London PM Fix ($/ozt). They also come from different issuers: abrdn and Aberdeen. Their fees differ too: 0.30% for SIVR and 0.60% for PALL.
SIVR currently has the higher Sharpe Ratio (1.90 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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