SPDM.L vs. ETRA.L
SPDM.L (iShares Physical Palladium ETC) and ETRA.L (L&G New Energy Commodities UCITS ETF USD Acc) are both Commodities funds - SPDM.L tracks the London Palladium PM Fix while ETRA.L tracks the Solactive Energy Transition Commodity Total Return Index. Both are passively managed. Over the past year, SPDM.L returned 36.78% vs 42.06% for ETRA.L. At a 0.37 correlation, their price movements are largely independent. SPDM.L charges 0.20%/yr vs 0.65%/yr for ETRA.L.
Performance
SPDM.L vs. ETRA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPDM.L achieves a -13.23% return, which is significantly lower than ETRA.L's 15.00% return.
SPDM.L
- 1D
- 0.55%
- 1M
- -9.27%
- YTD
- -13.23%
- 6M
- -7.76%
- 1Y
- 36.78%
- 3Y*
- -3.85%
- 5Y*
- -12.62%
- 10Y*
- 10.16%
ETRA.L
- 1D
- -0.76%
- 1M
- 3.37%
- YTD
- 15.00%
- 6M
- 22.60%
- 1Y
- 42.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPDM.L vs. ETRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPDM.L iShares Physical Palladium ETC | -13.23% | 62.20% | -13.28% |
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc | 15.00% | 19.38% | -2.27% |
Correlation
The correlation between SPDM.L and ETRA.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.37 |
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
SPDM.L vs. ETRA.L — Risk / Return Rank
SPDM.L
ETRA.L
SPDM.L vs. ETRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Palladium ETC (SPDM.L) and L&G New Energy Commodities UCITS ETF USD Acc (ETRA.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.
| SPDM.L | ETRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.58 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 4.81 | -3.71 |
| Martin ratioReturn relative to average drawdown | 2.37 | 16.90 | -14.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPDM.L | ETRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 3.07 | -2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.15 | -1.00 |
Drawdowns
SPDM.L vs. ETRA.L - Drawdown Comparison
The maximum SPDM.L drawdown since its inception was -70.87%, which is greater than ETRA.L's maximum drawdown of -15.11%. Use the drawdown chart below to compare losses from any high point for SPDM.L and ETRA.L.
Loading charts...
Drawdown Indicators
| SPDM.L | ETRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -15.11% | -55.76% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -8.70% | -26.97% |
Max Drawdown (3Y)Largest decline over 3 years | -40.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -70.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | — | — |
Current DrawdownCurrent decline from peak | -56.18% | -2.15% | -54.03% |
Average DrawdownAverage peak-to-trough decline | -25.10% | -6.30% | -18.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.54% | 2.48% | +14.06% |
Volatility
SPDM.L vs. ETRA.L - Volatility Comparison
iShares Physical Palladium ETC (SPDM.L) has a higher volatility of 10.84% compared to L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) at 3.10%. This indicates that SPDM.L's price experiences larger fluctuations and is considered to be riskier than ETRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPDM.L | ETRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 3.10% | +7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 37.16% | 11.44% | +25.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.70% | 13.65% | +31.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.85% | 12.90% | +28.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.57% | 12.90% | +24.67% |
SPDM.L vs. ETRA.L - Expense Ratio Comparison
SPDM.L has a 0.20% expense ratio, which is lower than ETRA.L's 0.65% expense ratio.
Dividends
SPDM.L vs. ETRA.L - Dividend Comparison
Neither SPDM.L nor ETRA.L has paid dividends to shareholders.
Frequently Asked Questions
SPDM.L and ETRA.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPDM.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPDM.L is cheaper with a 0.20% expense ratio, compared with 0.65% for ETRA.L.
SPDM.L tracks London Palladium PM Fix, while ETRA.L tracks Solactive Energy Transition Commodity Total Return Index. They also come from different issuers: iShares and L&G. Their fees differ too: 0.20% for SPDM.L and 0.65% for ETRA.L.
Find the right allocation for SPDM.L and ETRA.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