SPDM.L vs. UD07.L
SPDM.L (iShares Physical Palladium ETC) and UD07.L (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) are both Commodities funds - SPDM.L tracks the London Palladium PM Fix while UD07.L tracks the UBS BCOM Constant Maturity. Both are passively managed. Over the past 5 years, SPDM.L returned -12.62%/yr vs 13.48%/yr for UD07.L. At a 0.28 correlation, their price movements are largely independent. SPDM.L charges 0.20%/yr vs 0.34%/yr for UD07.L.
Performance
SPDM.L vs. UD07.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 UD07.L's 21.43% 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%
UD07.L
- 1D
- 0.85%
- 1M
- 1.49%
- YTD
- 21.43%
- 6M
- 20.72%
- 1Y
- 35.14%
- 3Y*
- 12.39%
- 5Y*
- 13.48%
- 10Y*
- —
SPDM.L vs. UD07.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPDM.L iShares Physical Palladium ETC | -13.23% | 62.20% | -17.63% | -41.15% | 5.58% | -19.60% | 19.23% | 47.36% | 38.23% |
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc | 21.43% | 9.88% | 6.26% | -10.97% | 32.08% | 31.93% | -1.26% | 2.82% | -2.04% |
Correlation
The correlation between SPDM.L and UD07.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018 | 0.28 |
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Return for Risk
SPDM.L vs. UD07.L — Risk / Return Rank
SPDM.L
UD07.L
SPDM.L vs. UD07.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Palladium ETC (SPDM.L) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.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 | UD07.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 5.37 | -4.27 |
| Martin ratioReturn relative to average drawdown | 2.37 | 13.77 | -11.39 |
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 | UD07.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 2.35 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.47 | -0.77 |
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 | 0.42 | -0.28 |
Drawdowns
SPDM.L vs. UD07.L - Drawdown Comparison
The maximum SPDM.L drawdown since its inception was -70.87%, which is greater than UD07.L's maximum drawdown of -39.71%. Use the drawdown chart below to compare losses from any high point for SPDM.L and UD07.L.
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Drawdown Indicators
| SPDM.L | UD07.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.87% | -39.71% | -31.16% |
Max Drawdown (1Y)Largest decline over 1 year | -35.67% | -6.51% | -29.16% |
Max Drawdown (3Y)Largest decline over 3 years | -40.59% | -12.61% | -27.98% |
Max Drawdown (5Y)Largest decline over 5 years | -70.87% | -39.71% | -31.16% |
Max Drawdown (10Y)Largest decline over 10 years | -70.87% | — | — |
Current DrawdownCurrent decline from peak | -56.18% | -11.33% | -44.85% |
Average DrawdownAverage peak-to-trough decline | -25.10% | -18.80% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.54% | 2.55% | +13.99% |
Volatility
SPDM.L vs. UD07.L - Volatility Comparison
iShares Physical Palladium ETC (SPDM.L) has a higher volatility of 10.84% compared to UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) at 5.26%. This indicates that SPDM.L's price experiences larger fluctuations and is considered to be riskier than UD07.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 | UD07.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 5.26% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 37.16% | 12.50% | +24.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.70% | 14.87% | +29.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.85% | 28.79% | +13.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.57% | 23.77% | +13.80% |
SPDM.L vs. UD07.L - Expense Ratio Comparison
SPDM.L has a 0.20% expense ratio, which is lower than UD07.L's 0.34% expense ratio.
Dividends
SPDM.L vs. UD07.L - Dividend Comparison
Neither SPDM.L nor UD07.L has paid dividends to shareholders.
Frequently Asked Questions
SPDM.L and UD07.L have a correlation of 0.28, 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 0.34% for UD07.L.
SPDM.L tracks London Palladium PM Fix, while UD07.L tracks UBS BCOM Constant Maturity. They also come from different issuers: iShares and UBS. Their fees differ too: 0.20% for SPDM.L and 0.34% for UD07.L.
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