SPDM.L vs. OEF
SPDM.L (iShares Physical Palladium ETC) and OEF (iShares S&P 100 ETF) are both exchange-traded funds - SPDM.L is a Commodities fund tracking the London Palladium PM Fix, while OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index. Both are passively managed. Over the past 10 years, SPDM.L returned 10.16%/yr vs 17.63%/yr for OEF. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SPDM.L vs. OEF - Performance Comparison
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Different Trading Currencies
SPDM.L is traded in GBp, while OEF is traded in USD. To make them comparable, the OEF 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 OEF's 9.92% return. Over the past 10 years, SPDM.L has underperformed OEF with an annualized return of 10.16%, while OEF has yielded a comparatively higher 17.63% 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%
OEF
- 1D
- -0.61%
- 1M
- 6.29%
- YTD
- 9.92%
- 6M
- 8.76%
- 1Y
- 30.45%
- 3Y*
- 21.45%
- 5Y*
- 16.94%
- 10Y*
- 17.63%
SPDM.L vs. OEF - 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% |
OEF iShares S&P 100 ETF | 9.92% | 11.27% | 33.02% | 26.08% | -11.64% | 30.40% | 17.65% | 26.85% | 1.52% | 11.29% |
Correlation
The correlation between SPDM.L and OEF 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 | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.15 |
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Return for Risk
SPDM.L vs. OEF — Risk / Return Rank
SPDM.L
OEF
SPDM.L vs. OEF - 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 100 ETF (OEF). 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 | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.72 | -1.63 |
| Martin ratioReturn relative to average drawdown | 2.37 | 8.95 | -6.57 |
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 | OEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 2.45 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 1.02 | -1.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.95 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.71 | -0.57 |
Drawdowns
SPDM.L vs. OEF - Drawdown Comparison
The maximum SPDM.L drawdown since its inception was -70.87%, which is greater than OEF's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for SPDM.L and OEF.
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Drawdown Indicators
| SPDM.L | OEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -33.25% | -37.62% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -11.23% | -24.44% |
Max Drawdown (3Y)Largest decline over 3 years | -40.59% | -22.96% | -17.63% |
Max Drawdown (5Y)Largest decline over 5 years | -70.87% | -22.96% | -47.91% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | -24.17% | -46.70% |
Current DrawdownCurrent decline from peak | -56.18% | -0.74% | -55.44% |
Average DrawdownAverage peak-to-trough decline | -25.10% | -4.85% | -20.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.54% | 3.41% | +13.13% |
Volatility
SPDM.L vs. OEF - Volatility Comparison
iShares Physical Palladium ETC (SPDM.L) has a higher volatility of 10.84% compared to iShares S&P 100 ETF (OEF) at 3.01%. This indicates that SPDM.L's price experiences larger fluctuations and is considered to be riskier than OEF 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 | OEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 3.01% | +7.83% |
Volatility (6M)Calculated over the trailing 6-month period | 37.16% | 8.75% | +28.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.70% | 12.50% | +32.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.85% | 16.74% | +25.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.57% | 18.68% | +18.89% |
SPDM.L vs. OEF - Expense Ratio Comparison
Both SPDM.L and OEF have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPDM.L vs. OEF - Dividend Comparison
SPDM.L has not paid dividends to shareholders, while OEF's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 0.83% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
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 OEF 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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPDM.L and OEF have the same expense ratio: 0.20% per year.
SPDM.L is categorized as Commodities, while OEF is Large Cap Blend Equities. SPDM.L tracks London Palladium PM Fix, while OEF tracks S&P 100 Index.
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