SPPP vs. PALL
Compare and contrast key facts about Sprott Physical Platinum and Palladium Trust (SPPP) and Aberdeen Standard Physical Palladium Shares ETF (PALL).
SPPP and PALL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPPP is an actively managed fund by Sprott. It was launched on Dec 19, 2012. 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 vs. PALL - Performance Comparison
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SPPP vs. PALL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPP Sprott Physical Platinum and Palladium Trust | -7.78% | 89.43% | -11.89% | -25.86% | -2.37% | -21.77% | 23.84% | 46.00% | 5.53% | 35.36% |
PALL Aberdeen Standard Physical Palladium Shares ETF | -7.34% | 74.07% | -17.38% | -38.77% | -6.28% | -23.26% | 25.27% | 53.94% | 17.23% | 55.73% |
Returns By Period
In the year-to-date period, SPPP achieves a -7.78% return, which is significantly lower than PALL's -7.34% return. Both investments have delivered pretty close results over the past 10 years, with SPPP having a 9.27% annualized return and PALL not far ahead at 9.50%.
SPPP
- 1D
- 4.93%
- 1M
- -18.00%
- YTD
- -7.78%
- 6M
- 14.36%
- 1Y
- 56.24%
- 3Y*
- 8.35%
- 5Y*
- -4.20%
- 10Y*
- 9.27%
PALL
- 1D
- 5.15%
- 1M
- -17.05%
- YTD
- -7.34%
- 6M
- 17.99%
- 1Y
- 48.77%
- 3Y*
- -0.08%
- 5Y*
- -11.63%
- 10Y*
- 9.50%
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SPPP vs. PALL - Expense Ratio Comparison
SPPP has a 1.02% expense ratio, which is higher than PALL's 0.60% expense ratio.
Return for Risk
SPPP vs. PALL — Risk / Return Rank
SPPP
PALL
SPPP vs. PALL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) 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 | PALL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.01 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.48 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.51 | +0.07 |
Martin ratioReturn relative to average drawdown | 4.81 | 4.55 | +0.25 |
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
| SPPP | PALL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.01 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | -0.28 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.25 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.20 | -0.09 |
Correlation
The correlation between SPPP and PALL is 0.85, 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
SPPP vs. PALL - Dividend Comparison
Neither SPPP nor PALL has paid dividends to shareholders.
Drawdowns
SPPP vs. PALL - Drawdown Comparison
The maximum SPPP drawdown since its inception was -59.09%, smaller than the maximum PALL drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for SPPP and PALL.
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Drawdown Indicators
| SPPP | PALL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -73.63% | +14.54% |
Max Drawdown (1Y)Largest decline over 1 year | -37.42% | -34.17% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -59.09% | -73.63% | +14.54% |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | -73.63% | +14.54% |
Current DrawdownCurrent decline from peak | -31.22% | -54.34% | +23.12% |
Average DrawdownAverage peak-to-trough decline | -26.42% | -26.51% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 11.31% | +0.99% |
Volatility
SPPP vs. PALL - Volatility Comparison
Sprott Physical Platinum and Palladium Trust (SPPP) has a higher volatility of 16.95% compared to Aberdeen Standard Physical Palladium Shares ETF (PALL) at 15.73%. This indicates that SPPP'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.
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Volatility by Period
| SPPP | PALL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.95% | 15.73% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 46.40% | 43.92% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.39% | 48.74% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.38% | 42.07% | -7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.88% | 37.71% | -4.83% |