SPDM.L vs. IITU.L
SPDM.L (iShares Physical Palladium ETC) and IITU.L (iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)) are both exchange-traded funds - SPDM.L is a Commodities fund tracking the London Palladium PM Fix, while IITU.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, SPDM.L returned 10.16%/yr vs 27.67%/yr for IITU.L. At a 0.20 correlation, their price movements are largely independent. SPDM.L charges 0.20%/yr vs 0.15%/yr for IITU.L.
Performance
SPDM.L vs. IITU.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPDM.L achieves a -13.23% return, which is significantly lower than IITU.L's 25.87% return. Over the past 10 years, SPDM.L has underperformed IITU.L with an annualized return of 10.16%, while IITU.L has yielded a comparatively higher 27.67% annualized 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%
IITU.L
- 1D
- -0.83%
- 1M
- 18.53%
- YTD
- 25.87%
- 6M
- 24.64%
- 1Y
- 56.89%
- 3Y*
- 32.15%
- 5Y*
- 26.03%
- 10Y*
- 27.67%
SPDM.L vs. IITU.L - 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% |
IITU.L iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) | 25.87% | 14.44% | 40.85% | 50.70% | -20.63% | 35.67% | 38.34% | 44.21% | 4.28% | 25.57% |
Correlation
The correlation between SPDM.L and IITU.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015 | 0.20 |
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Return for Risk
SPDM.L vs. IITU.L — Risk / Return Rank
SPDM.L
IITU.L
SPDM.L vs. IITU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Palladium ETC (SPDM.L) and iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.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 | IITU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.48 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.38 | -2.28 |
| Martin ratioReturn relative to average drawdown | 2.37 | 8.71 | -6.34 |
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 | IITU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 2.91 | -2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 1.19 | -1.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 1.30 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.24 | -1.10 |
Drawdowns
SPDM.L vs. IITU.L - Drawdown Comparison
The maximum SPDM.L drawdown since its inception was -70.87%, which is greater than IITU.L's maximum drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for SPDM.L and IITU.L.
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Drawdown Indicators
| SPDM.L | IITU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -28.03% | -42.84% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -16.76% | -18.91% |
Max Drawdown (3Y)Largest decline over 3 years | -40.59% | -28.03% | -12.56% |
Max Drawdown (5Y)Largest decline over 5 years | -70.87% | -28.03% | -42.84% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | -28.03% | -42.84% |
Current DrawdownCurrent decline from peak | -56.18% | -0.83% | -55.35% |
Average DrawdownAverage peak-to-trough decline | -25.10% | -5.14% | -19.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.54% | 6.51% | +10.03% |
Volatility
SPDM.L vs. IITU.L - Volatility Comparison
iShares Physical Palladium ETC (SPDM.L) has a higher volatility of 10.84% compared to iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) at 6.45%. This indicates that SPDM.L's price experiences larger fluctuations and is considered to be riskier than IITU.L 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 | IITU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 6.45% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 37.16% | 14.27% | +22.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.70% | 19.57% | +25.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.85% | 21.93% | +19.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.57% | 21.31% | +16.26% |
SPDM.L vs. IITU.L - Expense Ratio Comparison
SPDM.L has a 0.20% expense ratio, which is higher than IITU.L's 0.15% 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. IITU.L - Dividend Comparison
Neither SPDM.L nor IITU.L has paid dividends to shareholders.
Frequently Asked Questions
SPDM.L and IITU.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IITU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IITU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPDM.L.
SPDM.L is categorized as Commodities, while IITU.L is Technology Equities. SPDM.L tracks London Palladium PM Fix, while IITU.L tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.20% for SPDM.L and 0.15% for IITU.L.
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