SPDM.L vs. RICI.L
SPDM.L (iShares Physical Palladium ETC) and RICI.L (Market Access Rogers International Commodity UCITS ETF) are both Commodities funds - SPDM.L tracks the London Palladium PM Fix while RICI.L tracks the Rogers International Commodity (RICI). Both are passively managed. Over the past 5 years, SPDM.L returned -12.62%/yr vs 14.07%/yr for RICI.L. At a 0.25 correlation, their price movements are largely independent. SPDM.L charges 0.20%/yr vs 0.60%/yr for RICI.L.
Performance
SPDM.L vs. RICI.L - Performance Comparison
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Different Trading Currencies
SPDM.L is traded in GBp, while RICI.L is traded in GBP. To make them comparable, the RICI.L 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 RICI.L's 34.46% 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%
RICI.L
- 1D
- 1.17%
- 1M
- 0.03%
- YTD
- 34.46%
- 6M
- 33.07%
- 1Y
- 43.58%
- 3Y*
- 13.05%
- 5Y*
- 14.07%
- 10Y*
- —
SPDM.L vs. RICI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPDM.L iShares Physical Palladium ETC | -13.23% | 62.20% | -17.63% | -41.15% | 5.58% | -19.60% | -0.86% |
RICI.L Market Access Rogers International Commodity UCITS ETF | 34.46% | -0.85% | 6.32% | -10.69% | 30.66% | 42.40% | 19.41% |
Correlation
The correlation between SPDM.L and RICI.L 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 | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.25 |
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Return for Risk
SPDM.L vs. RICI.L — Risk / Return Rank
SPDM.L
RICI.L
SPDM.L vs. RICI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Palladium ETC (SPDM.L) and Market Access Rogers International Commodity UCITS ETF (RICI.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 | RICI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 5.19 | -4.09 |
| Martin ratioReturn relative to average drawdown | 2.37 | 11.35 | -8.97 |
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 | RICI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 2.05 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.75 | -1.05 |
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 | 0.98 | -0.84 |
Drawdowns
SPDM.L vs. RICI.L - Drawdown Comparison
The maximum SPDM.L drawdown since its inception was -70.87%, which is greater than RICI.L's maximum drawdown of -26.97%. Use the drawdown chart below to compare losses from any high point for SPDM.L and RICI.L.
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Drawdown Indicators
| SPDM.L | RICI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -26.97% | -43.90% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -8.35% | -27.32% |
Max Drawdown (3Y)Largest decline over 3 years | -40.59% | -16.40% | -24.19% |
Max Drawdown (5Y)Largest decline over 5 years | -70.87% | -26.97% | -43.90% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | — | — |
Current DrawdownCurrent decline from peak | -56.18% | -4.67% | -51.51% |
Average DrawdownAverage peak-to-trough decline | -25.10% | -12.19% | -12.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.54% | 3.83% | +12.71% |
Volatility
SPDM.L vs. RICI.L - Volatility Comparison
iShares Physical Palladium ETC (SPDM.L) has a higher volatility of 10.84% compared to Market Access Rogers International Commodity UCITS ETF (RICI.L) at 7.40%. This indicates that SPDM.L's price experiences larger fluctuations and is considered to be riskier than RICI.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 | RICI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 7.40% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 37.16% | 18.27% | +18.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.70% | 21.13% | +23.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.85% | 18.73% | +23.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.57% | 18.88% | +18.69% |
SPDM.L vs. RICI.L - Expense Ratio Comparison
SPDM.L has a 0.20% expense ratio, which is lower than RICI.L's 0.60% expense ratio.
Dividends
SPDM.L vs. RICI.L - Dividend Comparison
Neither SPDM.L nor RICI.L has paid dividends to shareholders.
Frequently Asked Questions
SPDM.L and RICI.L 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, 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 0.60% for RICI.L.
SPDM.L tracks London Palladium PM Fix, while RICI.L tracks Rogers International Commodity (RICI). They also come from different issuers: iShares and China Post Global. Their fees differ too: 0.20% for SPDM.L and 0.60% for RICI.L.
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