SPDM.L vs. PALL
Compare and contrast key facts about iShares Physical Palladium ETC (SPDM.L) and Aberdeen Standard Physical Palladium Shares ETF (PALL).
SPDM.L and PALL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPDM.L is a passively managed fund by iShares that tracks the performance of the London Palladium PM Fix. It was launched on Apr 8, 2011. PALL is a passively managed fund by Aberdeen that tracks the performance of the Palladium London PM Fix ($/ozt). It was launched on Jan 6, 2010. Both SPDM.L and PALL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPDM.L vs. PALL - Performance Comparison
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SPDM.L vs. PALL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPDM.L iShares Physical Palladium ETC | -8.69% | 62.20% | -17.63% | -41.15% | 5.58% | -19.60% | 19.23% | 47.36% | 25.02% | 42.70% |
PALL Aberdeen Standard Physical Palladium Shares ETF | -5.58% | 61.67% | -15.94% | -41.83% | 4.87% | -22.53% | 21.59% | 48.08% | 24.18% | 42.26% |
Different Trading Currencies
SPDM.L is traded in GBp, while PALL is traded in USD. To make them comparable, the PALL 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 -8.69% return, which is significantly lower than PALL's -5.58% return. Both investments have delivered pretty close results over the past 10 years, with SPDM.L having a 10.22% annualized return and PALL not far ahead at 10.31%.
SPDM.L
- 1D
- 1.79%
- 1M
- -18.86%
- YTD
- -8.69%
- 6M
- 15.28%
- 1Y
- 40.04%
- 3Y*
- -3.59%
- 5Y*
- -10.94%
- 10Y*
- 10.22%
PALL
- 1D
- 4.84%
- 1M
- -15.41%
- YTD
- -5.58%
- 6M
- 20.01%
- 1Y
- 45.35%
- 3Y*
- -2.37%
- 5Y*
- -10.83%
- 10Y*
- 10.31%
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SPDM.L vs. PALL - Expense Ratio Comparison
SPDM.L has a 0.20% expense ratio, which is lower than PALL's 0.60% expense ratio.
Return for Risk
SPDM.L vs. PALL — Risk / Return Rank
SPDM.L
PALL
SPDM.L vs. PALL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Palladium ETC (SPDM.L) 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.
| SPDM.L | PALL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.95 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.43 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.49 | -0.35 |
Martin ratioReturn relative to average drawdown | 3.53 | 4.47 | -0.93 |
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
| SPDM.L | PALL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.95 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | -0.27 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.28 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.25 | -0.09 |
Correlation
The correlation between SPDM.L and PALL is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPDM.L vs. PALL - Dividend Comparison
Neither SPDM.L nor PALL has paid dividends to shareholders.
Drawdowns
SPDM.L vs. PALL - Drawdown Comparison
The maximum SPDM.L drawdown since its inception was -70.87%, roughly equal to the maximum PALL drawdown of -72.96%. Use the drawdown chart below to compare losses from any high point for SPDM.L and PALL.
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Drawdown Indicators
| SPDM.L | PALL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -73.63% | +2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -35.14% | -34.17% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -70.87% | -73.63% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | -73.63% | +2.76% |
Current DrawdownCurrent decline from peak | -53.88% | -54.34% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -24.76% | -26.51% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.33% | 11.31% | +0.02% |
Volatility
SPDM.L vs. PALL - Volatility Comparison
The current volatility for iShares Physical Palladium ETC (SPDM.L) is 12.14%, while Aberdeen Standard Physical Palladium Shares ETF (PALL) has a volatility of 14.84%. This indicates that SPDM.L experiences smaller price fluctuations and is considered to be less risky 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
| SPDM.L | PALL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.14% | 14.84% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 37.84% | 42.86% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.55% | 47.90% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.49% | 40.24% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.45% | 36.50% | +0.95% |