SPDM.L vs. SGLP.L
Compare and contrast key facts about iShares Physical Palladium ETC (SPDM.L) and Invesco Physical Gold A (SGLP.L).
SPDM.L and SGLP.L 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. SGLP.L is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009. Both SPDM.L and SGLP.L 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. SGLP.L - Performance Comparison
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SPDM.L vs. SGLP.L - 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% |
SGLP.L Invesco Physical Gold A | 9.24% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
Returns By Period
In the year-to-date period, SPDM.L achieves a -8.69% return, which is significantly lower than SGLP.L's 9.24% return. Over the past 10 years, SPDM.L has underperformed SGLP.L with an annualized return of 10.22%, while SGLP.L has yielded a comparatively higher 14.91% annualized return.
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%
SGLP.L
- 1D
- 1.52%
- 1M
- -10.00%
- YTD
- 9.24%
- 6M
- 22.42%
- 1Y
- 44.60%
- 3Y*
- 29.65%
- 5Y*
- 22.71%
- 10Y*
- 14.91%
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SPDM.L vs. SGLP.L - Expense Ratio Comparison
SPDM.L has a 0.20% expense ratio, which is higher than SGLP.L's 0.12% 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%.
Return for Risk
SPDM.L vs. SGLP.L — Risk / Return Rank
SPDM.L
SGLP.L
SPDM.L vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Palladium ETC (SPDM.L) and Invesco Physical Gold A (SGLP.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 | SGLP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.84 | -0.86 |
Sortino ratioReturn per unit of downside risk | 1.45 | 2.30 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.48 | -1.35 |
Martin ratioReturn relative to average drawdown | 3.53 | 10.57 | -7.04 |
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 | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.84 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 1.42 | -1.69 |
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 | 0.16 | 0.56 | -0.41 |
Correlation
The correlation between SPDM.L and SGLP.L is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPDM.L vs. SGLP.L - Dividend Comparison
Neither SPDM.L nor SGLP.L has paid dividends to shareholders.
Drawdowns
SPDM.L vs. SGLP.L - Drawdown Comparison
The maximum SPDM.L drawdown since its inception was -70.87%, which is greater than SGLP.L's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for SPDM.L and SGLP.L.
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Drawdown Indicators
| SPDM.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -38.83% | -32.04% |
Max Drawdown (1Y)Largest decline over 1 year | -35.14% | -17.89% | -17.25% |
Max Drawdown (5Y)Largest decline over 5 years | -70.87% | -17.89% | -52.98% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | -22.34% | -48.53% |
Current DrawdownCurrent decline from peak | -53.88% | -11.70% | -42.18% |
Average DrawdownAverage peak-to-trough decline | -24.76% | -13.38% | -11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.33% | 4.21% | +7.12% |
Volatility
SPDM.L vs. SGLP.L - Volatility Comparison
iShares Physical Palladium ETC (SPDM.L) and Invesco Physical Gold A (SGLP.L) have volatilities of 12.14% and 11.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPDM.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.14% | 11.61% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 37.84% | 20.94% | +16.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.55% | 24.13% | +19.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.49% | 15.96% | +25.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.45% | 15.68% | +21.77% |