SPDM.L vs. EXS1.DE
SPDM.L (iShares Physical Palladium ETC) and EXS1.DE (iShares Core DAX UCITS ETF (DE)) are both exchange-traded funds - SPDM.L is a Commodities fund tracking the London Palladium PM Fix, while EXS1.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, SPDM.L returned 10.16%/yr vs 9.93%/yr for EXS1.DE. At a 0.20 correlation, their price movements are largely independent. SPDM.L charges 0.20%/yr vs 0.16%/yr for EXS1.DE.
Performance
SPDM.L vs. EXS1.DE - Performance Comparison
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Different Trading Currencies
SPDM.L is traded in GBp, while EXS1.DE is traded in EUR. To make them comparable, the EXS1.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPDM.L achieves a -13.23% return, which is significantly lower than EXS1.DE's -0.15% return. Both investments have delivered pretty close results over the past 10 years, with SPDM.L having a 10.16% annualized return and EXS1.DE not far behind at 9.93%.
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%
EXS1.DE
- 1D
- -1.29%
- 1M
- 3.32%
- YTD
- -0.15%
- 6M
- 3.11%
- 1Y
- 5.30%
- 3Y*
- 15.20%
- 5Y*
- 9.10%
- 10Y*
- 9.93%
SPDM.L vs. EXS1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPDM.L iShares Physical Palladium ETC | -13.23% | 62.20% | -17.63% | -41.15% | 5.58% | -19.60% | 19.23% | 47.36% | 25.02% | 42.70% |
EXS1.DE iShares Core DAX UCITS ETF (DE) | -0.15% | 29.01% | 12.92% | 17.07% | -8.01% | 7.03% | 8.79% | 18.18% | -17.33% | 17.09% |
Correlation
The correlation between SPDM.L and EXS1.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.20 |
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Return for Risk
SPDM.L vs. EXS1.DE — Risk / Return Rank
SPDM.L
EXS1.DE
SPDM.L vs. EXS1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Palladium ETC (SPDM.L) and iShares Core DAX UCITS ETF (DE) (EXS1.DE). 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 | EXS1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.07 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.42 | +0.68 |
| Martin ratioReturn relative to average drawdown | 2.37 | 1.34 | +1.03 |
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
| SPDM.L | EXS1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.34 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.52 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.54 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.32 | -0.17 |
Drawdowns
SPDM.L vs. EXS1.DE - Drawdown Comparison
The maximum SPDM.L drawdown since its inception was -70.87%, which is greater than EXS1.DE's maximum drawdown of -45.28%. Use the drawdown chart below to compare losses from any high point for SPDM.L and EXS1.DE.
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Drawdown Indicators
| SPDM.L | EXS1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -45.28% | -25.59% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -12.65% | -23.02% |
Max Drawdown (3Y)Largest decline over 3 years | -40.59% | -14.75% | -25.84% |
Max Drawdown (5Y)Largest decline over 5 years | -70.87% | -23.66% | -47.21% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | -34.45% | -36.42% |
Current DrawdownCurrent decline from peak | -56.18% | -3.53% | -52.65% |
Average DrawdownAverage peak-to-trough decline | -25.10% | -9.36% | -15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.54% | 3.95% | +12.59% |
Volatility
SPDM.L vs. EXS1.DE - Volatility Comparison
iShares Physical Palladium ETC (SPDM.L) has a higher volatility of 10.84% compared to iShares Core DAX UCITS ETF (DE) (EXS1.DE) at 5.26%. This indicates that SPDM.L's price experiences larger fluctuations and is considered to be riskier than EXS1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPDM.L | EXS1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 5.26% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 37.16% | 12.80% | +24.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.70% | 15.66% | +29.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.85% | 17.25% | +24.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.57% | 18.17% | +19.40% |
SPDM.L vs. EXS1.DE - Expense Ratio Comparison
SPDM.L has a 0.20% expense ratio, which is higher than EXS1.DE's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPDM.L vs. EXS1.DE - Dividend Comparison
Neither SPDM.L nor EXS1.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS1.DE iShares Core DAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.51% | 0.48% | 0.73% | 0.66% |
SPDM.L iShares Physical Palladium ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPDM.L and EXS1.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXS1.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXS1.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for SPDM.L.
SPDM.L is categorized as Commodities, while EXS1.DE is Europe Equities. SPDM.L tracks London Palladium PM Fix, while EXS1.DE tracks DAX®. Their fees differ too: 0.20% for SPDM.L and 0.16% for EXS1.DE.
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