SPPP.TO vs. PALL

Last updated Apr 1, 2026

Compare and contrast key facts about Sprott Physical Platinum and Palladium Trust (SPPP.TO) and Aberdeen Standard Physical Palladium Shares ETF (PALL).

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.

Performance

SPPP.TO vs. PALL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Sprott Physical Platinum and Palladium Trust (SPPP.TO) and Aberdeen Standard Physical Palladium Shares ETF (PALL). The values are adjusted to include any dividend payments, if applicable.

SPPP.TO vs. PALL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPPP.TO Sprott Physical Platinum and Palladium Trust	-6.74%	80.99%	-4.13%	-27.75%	4.71%	-22.45%	21.69%	38.30%	18.42%
PALL Aberdeen Standard Physical Palladium Shares ETF	-6.09%	66.08%	-10.28%	-40.12%	0.40%	-23.95%	23.15%	46.37%	32.26%

Different Trading Currencies

SPPP.TO is traded in CAD, while PALL is traded in USD. To make them comparable, the PALL values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPPP.TO achieves a -6.74% return, which is significantly lower than PALL's -6.09% return.

SPPP.TO

• 1D: 4.71%
• 1M: -16.52%
• YTD: -6.74%
• 6M: 14.37%
• 1Y: 50.94%
• 3Y*: 9.56%
• 5Y*: -2.23%
• 10Y*: —

PALL

• 1D: 5.03%
• 1M: -15.41%
• YTD: -6.09%
• 6M: 17.88%
• 1Y: 43.81%
• 3Y*: 0.87%
• 5Y*: -9.79%
• 10Y*: 10.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SPPP.TO vs. PALL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPPP.TO

SPPP.TO Risk / Return Rank: 72
SPPP.TO Sharpe Ratio Rank: 77
SPPP.TO Sortino Ratio Rank: 68
SPPP.TO Omega Ratio Rank: 71
SPPP.TO Calmar Ratio Rank: 70
SPPP.TO Martin Ratio Rank: 74

PALL

PALL Risk / Return Rank: 58
PALL Sharpe Ratio Rank: 59
PALL Sortino Ratio Rank: 60
PALL Omega Ratio Rank: 60
PALL Calmar Ratio Rank: 62
PALL Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPPP.TO vs. PALL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP.TO) 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.

	SPPP.TO	PALL	Difference
Sharpe ratio Return per unit of total volatility	1.13	0.91	+0.22
Sortino ratio Return per unit of downside risk	1.54	1.39	+0.15
Omega ratio Gain probability vs. loss probability	1.23	1.20	+0.03
Calmar ratio Return relative to maximum drawdown	1.48	1.43	+0.05
Martin ratio Return relative to average drawdown	4.41	4.16	+0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPPP.TO vs. PALL - Sharpe Ratio Comparison

The current SPPP.TO Sharpe Ratio is 1.13, which is comparable to the PALL Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of SPPP.TO and PALL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPPP.TO	PALL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	0.91	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	-0.24	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.28	-0.04

Correlation

The correlation between SPPP.TO and PALL is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPPP.TO vs. PALL - Dividend Comparison

Neither SPPP.TO nor PALL has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SPPP.TO vs. PALL - Drawdown Comparison

The maximum SPPP.TO drawdown since its inception was -56.80%, smaller than the maximum PALL drawdown of -71.81%. Use the drawdown chart below to compare losses from any high point for SPPP.TO and PALL.

Drawdown Indicators

	SPPP.TO	PALL	Difference
Max Drawdown Largest peak-to-trough decline	-56.80%	-73.63%	+16.83%
Max Drawdown (1Y) Largest decline over 1 year	-36.73%	-34.17%	-2.56%
Max Drawdown (5Y) Largest decline over 5 years	-56.80%	-73.63%	+16.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-73.63%	—
Current Drawdown Current decline from peak	-30.19%	-54.34%	+24.15%
Average Drawdown Average peak-to-trough decline	-25.96%	-26.51%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.35%	11.31%	+1.04%

Volatility

SPPP.TO vs. PALL - Volatility Comparison

Sprott Physical Platinum and Palladium Trust (SPPP.TO) has a higher volatility of 16.58% compared to Aberdeen Standard Physical Palladium Shares ETF (PALL) at 15.36%. This indicates that SPPP.TO's price experiences larger fluctuations and is considered to be riskier than PALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPP.TO	PALL	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.58%	15.36%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	41.27%	43.20%	-1.93%
Volatility (1Y) Calculated over the trailing 1-year period	45.17%	48.32%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.18%	40.55%	-8.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.41%	36.28%	-1.87%