ETFS Physical Palladium Shares (PALL)

Market Price (5/22/2026): $24.69

ETFS Physical Palladium Shares (PALL)

Market Price (5/22/2026): $24.69

Asset Allocation with PALL

	ETF	1D	1W	1M	YTD
Equity	SPY	0.2%	-0.7%	4.4%	9.2%
Bond	BND	0.1%	-0.3%	-0.9%	-0.2%
Gold	GLD	-0.1%	-2.4%	-4.2%	5.2%
Commodity	PALL	0.8%	-3.8%	-10.4%	-13.3%
Real Estate	VNQ	0.2%	1.4%	2.3%	10.4%
Bitcoin	BTCUSD	0.5%	-4.0%	-0.5%	-11.1%
Cash	GOVT	0.1%	-0.3%	-1.3%	-0.9%

	ETF	Return	Volatility	Sharpe
Equity	SPY	15.5%	15.2%	85.2%
Bond	BND	1.6%	5.2%	-20.4%
Gold	GLD	13.2%	15.0%	68.6%
Commodity	PALL	8.2%	31.0%	29.3%
Real Estate	VNQ	5.4%	17.7%	21.9%
Bitcoin	BTCUSD	67.2%	76.6%	100.9%
Cash	GOVT	0.5%	5.0%	-42.2%

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	-23.0%	-30.4%	-19.3%
Bond	BND	-14.2%	-2.2%	1.3%
Gold	GLD	-7.7%	-6.3%	5.0%
Commodity	PALL	14.7%	-35.3%	19.5%
Real Estate	VNQ	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	-56.0%	-33.5%	-37.4%
Cash	GOVT	-12.4%	4.4%	1.6%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Protect Your Wealth
[1] Asset Allocation Audit
[2] Asset Rotation Strategies
[3] Tax-Efficient Strategies

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Price Chart

ETF Price
Price/Gold

Performance for PALL Top Holdings

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Guidance Updates for PALL Top Holdings

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Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
PALL Return	-23%	-6%	-39%	-17%	74%	-14%	-46%
Peers Return	-3%	-0%	-3%	11%	113%	5%	136%
S&P 500 Return	27%	-19%	24%	23%	16%	9%	98%
Monthly Win Rates [3]
PALL Win Rate	42%	50%	42%	42%	75%	60%
Peers Win Rate	46%	50%	33%	33%	81%	67%
S&P 500 Win Rate	75%	42%	67%	75%	67%	60%
Max Drawdowns [4]
PALL Max Drawdown	-47%	-48%	-48%	-26%	-17%	-34%
Peers Max Drawdown	-24%	-32%	-16%	-16%	-17%	-34%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLV, SIVR, PPLT, CPER.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
PALL	1.13	0.09	-0.20
Commodity Top Results (3Y)
GLDM	1.20	1.52	1.52
SGOL	1.07	1.45	1.45
IAU	1.25	1.33	0.98
BAR	1.16	1.31	0.96
GLD	1.18	1.29	0.95

Results as of 4302026.

Event	PALL	S&P 500
2024 Yen Carry Trade Unwind
% Loss	-14.5%	-7.8%
% Gain to Breakeven	17.0%	8.5%
Time to Breakeven	37 days	18 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-27.2%	-9.5%
% Gain to Breakeven	37.3%	10.5%
Time to Breakeven	671 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-21.8%	-6.7%
% Gain to Breakeven	27.9%	7.1%
Time to Breakeven	836 days	31 days
2020 COVID-19 Crash
% Loss	-42.2%	-33.7%
% Gain to Breakeven	73.1%	50.9%
Time to Breakeven	393 days	140 days
2016-2017 Trump Reflation Bond Selloff
% Loss	-14.5%	-3.7%
% Gain to Breakeven	17.0%	3.9%
Time to Breakeven	20 days	6 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-23.4%	-12.2%
% Gain to Breakeven	30.6%	13.9%
Time to Breakeven	107 days	62 days

Compare to SLV, SIVR, PPLT, CPER

In The Past

ETFS Physical Palladium Shares's stock fell -6.9% during the 2025 US Tariff Shock. Such a loss loss requires a 7.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	PALL	S&P 500
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-27.2%	-9.5%
% Gain to Breakeven	37.3%	10.5%
Time to Breakeven	671 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-21.8%	-6.7%
% Gain to Breakeven	27.9%	7.1%
Time to Breakeven	836 days	31 days
2020 COVID-19 Crash
% Loss	-42.2%	-33.7%
% Gain to Breakeven	73.1%	50.9%
Time to Breakeven	393 days	140 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-23.4%	-12.2%
% Gain to Breakeven	30.6%	13.9%
Time to Breakeven	107 days	62 days
2014-2016 Oil Price Collapse
% Loss	-48.4%	-6.8%
% Gain to Breakeven	93.8%	7.3%
Time to Breakeven	583 days	15 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-31.7%	-17.9%
% Gain to Breakeven	46.4%	21.8%
Time to Breakeven	953 days	123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
% Loss	-25.9%	-15.4%
% Gain to Breakeven	35.0%	18.2%
Time to Breakeven	132 days	125 days

Compare to SLV, SIVR, PPLT, CPER

In The Past

ETFS Physical Palladium Shares's stock fell -6.9% during the 2025 US Tariff Shock. Such a loss loss requires a 7.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

PALL Dip Buy History

PALL had 29 events since 1/8/2010 where the dip threshold of -5.0% within 60 days was triggered

541% median peak return within 1 year of dip event
252 days is the median time to peak return after a dip event
-14% median max drawdown within 1 year of dip event

60 Day Dip			PALL Subsequent Performance
Date	PALL	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			11%	541%	-14%	252
3182026	-12%	-2%	-7%	7%	-10%	27
4112025	-5%	-10%	70%	948%	0%	292
12052024	-5%	10%	54%	735%	-6%	315
5312024	-12%	4%	9%	564%	-8%	150
10242022	-7%	-8%	-43%	433%	-44%	22
4252022	-10%	-0%	-30%	440%	-36%	162
6182021	-7%	7%	-27%	538%	-36%	263
2042021	-8%	11%	1%	546%	-31%	89
12092020	-5%	8%	-21%	552%	-24%	146
3122020	-5%	-21%	29%	577%	-14%	239
5072019	-6%	7%	35%	988%	-2%	296
7112018	-7%	4%	64%	754%	-10%	252
3222018	-6%	-1%	59%	694%	-14%	363
12212016	-6%	5%	57%	680%	-0%	365
10142016	-5%	-1%	50%	653%	-6%	364
6012016	-6%	5%	50%	653%	-3%	331
11122015	-8%	-1%	19%	542%	-16%	272
5272015	-6%	1%	-33%	392%	-40%	1
3192015	-5%	1%	-23%	413%	-39%	50
9252014	-6%	0%	-18%	418%	-34%	158
1312014	-6%	1%	11%	541%	-0%	210
8302013	-6%	1%	22%	511%	-5%	364
6172013	-6%	7%	14%	466%	-11%	359
4152013	-10%	6%	24%	506%	-3%	364
4182012	-5%	6%	4%	495%	-14%	324
9062011	-8%	-8%	-15%	381%	-27%	2
6272011	-5%	-3%	-19%	475%	-24%	29
3152011	-5%	4%	-1%	495%	-22%	133
6042010	-8%	-7%	82%	891%	0%	259

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 5/21/2026

PALL had 19 events since 1/8/2010 where the dip threshold of -10% within 90 days was triggered

553% median peak return within 1 year of dip event
202 days is the median time to peak return after a dip event
-7.9% median max drawdown within 1 year of dip event

90 Day Dip			PALL Subsequent Performance
Date	PALL	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			23%	553%	-8%	202
4292026	-12%	7%	-4%	6%	-7%	7
1272025	-11%	7%	77%	900%	-6%	361
7192024	-11%	8%	34%	565%	-7%	363
4252024	-11%	7%	-5%	519%	-14%	186
12052022	-10%	-1%	-50%	380%	-50%	4
6032022	-11%	-5%	-28%	489%	-31%	123
8182021	-10%	7%	-12%	553%	-34%	202
5262020	-12%	-8%	38%	640%	-8%	343
3162020	-10%	-22%	55%	677%	-1%	235
8242018	-10%	7%	58%	757%	0%	208
5152018	-11%	0%	35%	714%	-14%	309
4052018	-10%	3%	50%	782%	-7%	349
6232015	-10%	2%	-20%	409%	-33%	108
10162014	-13%	-4%	-7%	458%	-29%	137
6202013	-13%	5%	23%	509%	-5%	356
5242012	-10%	3%	27%	565%	-4%	288
9232011	-13%	-14%	2%	474%	-12%	152
5112011	-11%	7%	-15%	481%	-24%	76
8202010	-13%	-11%	55%	790%	0%	182

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 5/21/2026

PALL had 12 events since 1/8/2010 where the dip threshold of -20% within 180 days was triggered

509% median peak return within 1 year of dip event
158 days is the median time to peak return after a dip event
-18% median max drawdown within 1 year of dip event

180 Day Dip			PALL Subsequent Performance
Date	PALL	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			0%	509%	-18%	158
9052024	-20%	18%	25%	579%	-4%	315
10312022	-21%	-11%	-40%	468%	-41%	15
5122022	-22%	-12%	-20%	511%	-28%	145
3282022	-22%	5%	-36%	452%	-39%	23
11242021	-22%	20%	-1%	755%	-14%	104
9202021	-23%	17%	14%	735%	-16%	169
11112020	-20%	22%	-11%	538%	-20%	174
6212016	-22%	9%	61%	648%	-0%	356
11042015	-20%	2%	-3%	472%	-25%	280
7162015	-21%	10%	2%	463%	-25%	85
4092012	-21%	4%	13%	507%	-13%	333
9282011	-21%	-8%	2%	480%	-11%	147

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 5/21/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-5.9%	107.32	5212026	114.03	3012026	81
JEPI	JPMorgan Equity Premium Income ETF	-5.1%	56.08	5212026	59.09	3012026	81
ARKK	ARK Innovation ETF	-7.9%	76.62	5212026	83.21	1132026	128
URA	Global X Uranium ETF	-21.0%	48.86	5212026	61.81	1282026	113
LIT	Global X Lithium & Battery Tech ETF	-7.9%	84.38	5212026	91.62	5112026	10
CGBL	Capital Group Core Balanced ETF	-6.2%	34.41	5212026	36.67	2252026	85
XLF	State Street Financial Select Sector SPDR ETF	-7.8%	51.73	5212026	56.11	1062026	135
XLV	State Street Health Care Select Sector SPDR ETF	-7.1%	148.15	5212026	159.54	3012026	81
XLE	State Street Energy Select Sector SPDR ETF	-5.5%	59.13	5212026	62.56	3292026	53
XLP	State Street Consumer Staples Select Sector SPDR ETF	-5.4%	84.66	5212026	89.51	3012026	81
XLU	State Street Utilities Select Sector SPDR ETF	-5.1%	45.00	5212026	47.40	3012026	81
XLB	State Street Materials Select Sector SPDR ETF	-6.3%	50.02	5212026	53.38	2112026	99
ITA	iShares U.S. Aerospace & Defense ETF	-10.9%	223.15	5212026	250.42	3022026	80
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-9.3%	170.65	5212026	188.18	3292026	53
TLT	iShares 20+ Year Treasury Bond ETF	-6.6%	84.22	5212026	90.16	3012026	81
VGLT	Vanguard Long-Term Treasury ETF	-5.7%	53.91	5212026	57.20	3012026	81
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-6.1%	25.61	5212026	27.28	3012026	81
TLH	iShares 10-20 Year Treasury Bond ETF	-5.7%	98.34	5212026	104.25	3012026	81
EDV	Vanguard World Funds Extended Duration ETF	-9.1%	62.11	5212026	68.33	3012026	81
GSG	iShares GSCI Commodity	-5.8%	30.01	5212026	31.85	3182026	64
GLD	SPDR Gold Trust	-15.9%	416.99	5212026	495.90	1292026	112
IAU	iShares Gold Trust	-15.9%	85.43	5212026	101.57	1292026	112
GLDM	SPDR Gold MiniShares Trust	-15.8%	89.87	5212026	106.77	1292026	112
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	5212026	51.41	1292026	112
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	5212026	53.16	1292026	112
SLV	iShares Silver Trust	-34.2%	69.45	5212026	105.60	1282026	113
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	5212026	110.87	1282026	113
PPLT	ETFS Physical Platinum Shares	-29.3%	17.84	5212026	25.23	1252026	116
CPER	United States Copper Index Fund ETV	-13.9%	33.33	5212026	38.71	1292026	112
PALL	ETFS Physical Palladium Shares	-32.2%	25.22	5212026	37.18	1282026	113
USO	United States Oil Fund LP	-6.8%	142.54	5212026	152.96	5192026	2
UNG	United States Natural Gas Fund LP	-33.0%	11.33	5212026	16.90	2012026	109
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	5212026	60.13	5042026	17
IBIT	iShares Bitcoin Trust ETF	-20.6%	44.00	5212026	55.44	1142026	127
FBTC	Fidelity Wise Origin Bitcoin Fund	-20.6%	67.56	5212026	85.12	1142026	127
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	5212026	76.31	1142026	127
ETHA	iShares Ethereum Trust ETF	-36.9%	16.15	5212026	25.59	1142026	127

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Alert Me Periodically

Dip buy opportunities on PALL

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About PALL

Holdings Count: 0
Expense Ratio: 0.6%
Inception Date: 2010-01-08

abrdn Physical Palladium Shares ETF
abrdn Physical Palladium Shares ETF (PALL) seeks to reflect the performance of the price of physical palladium, less the Trust's expenses.
Asset Class: Alternatives | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.8	36.6%	27.2%
QBTS	D-Wave Quantum	9.1	33.4%	-1.6%
RGTI	Rigetti Computing	7.3	30.6%	-0.5%
FCEL	FuelCell Energy	1.3	30.5%	260.9%
APLD	Applied Digital	13.5	21.5%	95.8%
QUBT	Quantum Computing	2.5	19.4%	11.2%
WOLF	Wolfspeed	1.9	18.6%	299.2%
HOV	Hovnanian Enterprises	0.7	17.8%	18.4%
ENPH	Enphase Energy	8.2	17.3%	94.5%
AXTI	AXT	5.4	15.7%	640.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
INTU	Intuit	85.4	-20.0%	-53.4%
SLS	SELLAS Life Sciences	1.1	-15.7%	100.5%
BVS	Bioventus	0.6	-13.2%	27.6%
NPK	National Presto Industries	0.9	-10.2%	21.5%
GTN-A	Gray Media	0.9	-9.9%	-28.2%
SATS	EchoStar	37.0	-9.4%	18.2%
BORR	Borr Drilling	1.6	-8.7%	40.0%
NN	NextNav	2.9	-7.8%	28.5%
VAL	Valaris	7.1	-7.4%	101.3%
WMT	Walmart	967.2	-7.3%	9.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.8	68.9%	27.2%
TE	T1 Energy	1.9	52.2%	30.5%
RXO	RXO	4.1	39.1%	92.7%
BLDP	Ballard Power Systems	1.6	31.5%	113.8%
SG	Sweetgreen	1.1	30.3%	32.8%
ALAB	Astera Labs	50.5	30.3%	79.0%
RAMP	LiveRamp	2.4	29.9%	28.8%
ENPH	Enphase Energy	8.2	29.8%	94.5%
HIVE	HIVE Digital Technologies	0.9	29.6%	49.2%
SEDG	SolarEdge Technologies	3.8	25.4%	118.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
POET	POET Technologies	1.8	-28.0%	134.1%
DSGN	Design Therapeutics	0.6	-24.3%	17.4%
BTGO	BitGo	0.9	-21.3%	-58.0%
FIGR	Figure Technology Solutions	7.4	-20.5%	-15.8%
USAS	Americas Gold And Silver	1.6	-20.1%	11.7%
OPTU	Optimum Communications	0.3	-18.8%	-56.7%
INTU	Intuit	85.4	-18.8%	-53.4%
GTN-A	Gray Media	0.9	-18.6%	-28.2%
SVM	Silvercorp Metals	2.7	-18.2%	46.6%
ONDS	Ondas	3.5	-18.1%	-5.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MXL	MaxLinear	8.7	194.1%	471.8%
WOLF	Wolfspeed	1.9	150.5%	299.2%
BAND	Bandwidth	1.8	149.0%	278.9%
FCEL	FuelCell Energy	1.3	123.6%	260.9%
INOD	Innodata	3.2	108.2%	93.4%
INTC	Intel	602.3	81.6%	221.1%
VPG	Vishay Precision	1.4	81.5%	170.2%
XMTR	Xometry	4.5	79.6%	46.1%
PENG	Penguin Solutions	2.6	77.0%	149.5%
ENPH	Enphase Energy	8.2	76.3%	94.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CAR	Avis Budget	5.6	-64.5%	22.9%
EMBC	Embecta	0.2	-64.0%	-71.6%
FWRD	Forward Air	0.3	-63.3%	-66.6%
CABO	Cable One	0.3	-58.6%	-57.7%
OPTU	Optimum Communications	0.3	-58.3%	-56.7%
PSIX	Power Solutions International	0.9	-53.1%	-30.7%
TRDA	Entrada Therapeutics	0.3	-51.6%	-38.6%
ERAS	Erasca	3.3	-46.4%	212.0%
BETR	Better Home & Finance	0.4	-45.5%	-23.2%
BRBR	BellRing Brands	1.1	-45.2%	-66.1%

Short Interest

Short Interest: As Of Date	4302026
Short Interest: Shares Quantity	0.6 Mil
Short Interest: % Change Since 4152026	17.7%
Average Daily Volume	0.2 Mil
Days-to-Cover Short Interest	3.3 days

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ETFS Physical Palladium Shares (PALL)

Market Price (5/22/2026): $24.69

ETFS Physical Palladium Shares (PALL)

Market Price (5/22/2026): $24.69

Asset Allocation with PALL

Price Chart

Valuation & Yield

Top 20 Holdings for PALL

Performance for PALL Top Holdings

Guidance Updates for PALL Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

PALL Dip Buy History

Current Dip Buy Opportunities Across ETFs

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About PALL

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

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