ETFS Physical Palladium Shares (PALL)


Market Price (8/21/2026): $24.4

ETFS Physical Palladium Shares (PALL)


Market Price (8/21/2026): $24.4

Key Takeaways

  • PALL has returned -16.8% YTD vs +12.1% for SPY; +19.0% over the past 12 months (SPY +20.5%). details →
  • Priced in gold, PALL has returned -56.2% over the past 3 years, vs +5.3% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, PALL has seen net inflows of +$24M (+3.7% of assets). details →
  • Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.1 vs 0.9. details →
  • PALL trades 35% below its 52-week high. details →
Last updated: 8/20/2026.

Price Chart

Asset Allocation with PALL

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.8%
Volatility
10.9%
Sharpe
0.83
YTD
+6.6%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

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Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for PALL

Total Weights
Top 5: 100.0% | Top 10: 100.0% | Top 20: 100.0%

HoldingETF Weight
Physical Palladium100.00%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PALL Return-23%-6%-39%-17%74%-17%-47%
Peers Return-3%-0%-3%11%113%0%124%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
PALL Win Rate42%50%42%42%75%62% 
Peers Win Rate46%50%33%33%81%63% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
PALL Max Drawdown-47%-48%-48%-26%-17%-43% 
Peers Max Drawdown-24%-32%-16%-16%-17%-39% 
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 8/20/2026 (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.

Ticker1Y3Y5Y
PALL0.310.08-0.23
Commodity Top Results (3Y)   
SGOL1.381.370.95
BAR1.311.350.93
SIVR1.751.150.77
IAU0.761.070.76
GLDM0.751.070.76

Results as of 7312026.

How Low Can It Go

EventPALLS&P 500
2024 Yen Carry Trade Unwind
  % Loss-14.5%-7.8%
  % Gain to Breakeven17.0%8.5%
  Time to Breakeven37 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-27.2%-9.5%
  % Gain to Breakeven37.3%10.5%
  Time to Breakeven671 days24 days
2023 SVB Regional Banking Crisis
  % Loss-21.8%-6.7%
  % Gain to Breakeven27.9%7.1%
  Time to Breakeven836 days31 days
2020 COVID-19 Crash
  % Loss-42.2%-33.7%
  % Gain to Breakeven73.1%50.9%
  Time to Breakeven393 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-14.5%-3.7%
  % Gain to Breakeven17.0%3.9%
  Time to Breakeven20 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-23.4%-12.2%
  % Gain to Breakeven30.6%13.9%
  Time to Breakeven107 days62 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.

EventPALLS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-27.2%-9.5%
  % Gain to Breakeven37.3%10.5%
  Time to Breakeven671 days24 days
2023 SVB Regional Banking Crisis
  % Loss-21.8%-6.7%
  % Gain to Breakeven27.9%7.1%
  Time to Breakeven836 days31 days
2020 COVID-19 Crash
  % Loss-42.2%-33.7%
  % Gain to Breakeven73.1%50.9%
  Time to Breakeven393 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-23.4%-12.2%
  % Gain to Breakeven30.6%13.9%
  Time to Breakeven107 days62 days
2014-2016 Oil Price Collapse
  % Loss-48.4%-6.8%
  % Gain to Breakeven93.8%7.3%
  Time to Breakeven583 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-31.7%-17.9%
  % Gain to Breakeven46.4%21.8%
  Time to Breakeven953 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-25.9%-15.4%
  % Gain to Breakeven35.0%18.2%
  Time to Breakeven132 days125 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


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

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

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
MAGSRoundhill Magnificent Seven ETF-5.7%66.89820202670.94514202698
IWFiShares Russell 1000 Growth ETF-5.4%121.828202026128.77601202680
VONGVanguard Russell 1000 Growth ETF-5.2%125.528202026132.35601202680
IEMGiShares Core MSCI Emerging Markets ETF-5.8%81.05820202686.00622202659
EEMiShares MSCI Emerging Markets ETF-6.4%66.62820202671.21622202659
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-8.2%34.25820202637.30622202659
EWYiShares MSCI South Korea ETF-18.7%178.168202026219.20621202660
EWZiShares MSCI Brazil ETF-18.2%34.14820202641.734142026128
FXIiShares China Large-Cap ETF-8.1%35.67820202638.812222026179
ILFiShares Latin America 40 ETF-11.5%33.72820202638.104142026128
KWEBKraneShares CSI China Internet ETF-18.5%26.69820202632.752192026182
MTUMiShares MSCI USA Momentum Factor ETF-11.6%305.118202026345.22622202659
SPHQInvesco S&P 500 Quality ETF-5.0%85.58820202690.10630202651
SPMOInvesco S&P 500 Momentum ETF-8.3%148.318202026161.66622202659
URAGlobal X Uranium ETF-24.8%43.84820202658.265062026106
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-14.0%35.81820202641.63513202699
ROBOROBO Global Robotics & Automation Index ETF-10.4%80.94820202690.34602202679
LITGlobal X Lithium & Battery Tech ETF-18.6%74.58820202691.625112026101
ICLNiShares Global Clean Energy ETF-25.8%17.63820202623.75602202679
ARKQARK Autonomous Technology & Robotics ETF-14.0%123.688202026143.82528202684
ARKXARK Space & Defense Innovation ETF-12.8%32.92820202637.74528202684
NASATema Space Innovators ETF-41.9%24.32820202641.89527202685
XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETF-6.3%20.00820202621.34706202645
AGIXKraneShares Artificial Intelligence ETF-9.5%44.70820202649.40601202680
VGTVanguard Information Technology ETF-5.8%118.368202026125.62602202679
XLKState Street Technology Select Sector SPDR ETF-7.6%183.108202026198.21602202679
XLCState Street Communication Services Select Sector SPDR ETF-7.1%110.688202026119.104192026123
XLUState Street Utilities Select Sector SPDR ETF-7.7%43.77820202647.403012026172
SMHVanEck Semiconductor ETF-15.9%562.658202026668.91622202659
SOXXiShares Semiconductor ETF-20.3%522.358202026655.01622202659
ITAiShares U.S. Aerospace & Defense ETF-6.2%237.568202026253.2281620264
IGViShares Expanded Tech-Software Sector ETF-5.4%101.918202026107.70601202680
MISLFirst Trust Indxx Aerospace & Defense ETF-10.8%45.21820202650.663022026171
RINGiShares MSCI Global Gold Miners ETF-11.8%87.72820202699.423012026172
SOXQInvesco PHLX Semiconductor ETF-19.3%92.908202026115.11622202659
TLTiShares 20+ Year Treasury Bond ETF-7.6%82.34820202689.153012026172
VGLTVanguard Long-Term Treasury ETF-6.3%52.94820202656.533012026172
SPTLState Street SPDR Portfolio Long Term Treasury ETF-6.7%25.18820202626.993012026172
TLHiShares 10-20 Year Treasury Bond ETF-5.9%97.018202026103.083012026172
EDVVanguard World Funds Extended Duration ETF-11.3%59.81820202667.423012026172
SPLBState Street SPDR Portfolio Long Term Corporate Bond ETF-5.3%21.36820202622.552192026182
GSGiShares GSCI Commodity-5.8%30.01820202631.853182026155
GLDSPDR Gold Trust-15.3%415.268202026490.003022026171
IAUiShares Gold Trust-15.2%85.138202026100.383022026171
GLDMSPDR Gold MiniShares Trust-15.1%89.598202026105.543022026171
SGOLETFS Physical Swiss Gold Shares-12.1%44.66820202650.813022026171
BARDirexion Daily Gold Bull 3X Shares-15.6%44.34820202652.533022026171
SLViShares Silver Trust-27.5%61.66820202684.993012026172
SIVRETFS Physical Silver Shares Trust ETF-6.6%83.39820202689.263012026172
PPLTETFS Physical Platinum Shares-22.3%16.68820202621.473012026172
CPERUnited States Copper Index Fund ETV-9.6%33.33820202636.883012026172
PALLETFS Physical Palladium Shares-25.6%24.20820202632.542242026177
USOUnited States Oil Fund LP-12.0%134.548202026152.96519202693
UNGUnited States Natural Gas Fund LP-23.2%10.01820202613.043122026161
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85820202660.135042026108
IBITiShares Bitcoin Trust ETF-11.3%41.20820202646.475112026101
FBTCFidelity Wise Origin Bitcoin Fund-11.3%63.27820202671.355112026101

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-08-20

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$67.0B), followed by Bond (+$17.2B), with every major asset class in net inflows.
  • Within the mix, money rotated into US Large Cap Core (+$24.9B) and out of Industry Subsector (−$6.0B).
  • Relative to fund size, CNEQ drew the largest inflow (+84.2% of AUM) and FTXL the largest outflow (−69.0%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$16.04B+1.6%
2QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$13.13B+2.7%
3SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core+$10.28B+1.3%
4SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$5.81B+3.5%
5SGOViShares 0-3 Month Treasury Bond ETFCash+$5.19B+5.2%
6GLDSPDR Gold SharesCommodity Gold+$4.91B+3.6%
7TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$4.83B+11.3%
8VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$4.54B+0.7%
9SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$4.22B+4.0%
10QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$3.92B+3.8%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$7.28B-0.8%
2IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$4.18B-8.9%
3SOXXiShares Semiconductor ETFEquity Industry Subsector-$3.24B-7.4%
4SMHVanEck Semiconductor ETFEquity Industry Subsector-$1.91B-2.7%
5LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$1.59B-4.8%
6MTUMiShares MSCI USA Momentum Factor ETFEquity Factor Smart Beta-$1.06B-4.2%
7IWMiShares Russell 2000 ETFEquity US Small Cap Core-$994M-1.2%
8VUGVanguard Morningstar Growth ETFEquity US Large Growth-$963M-0.4%
9FTXLFirst Trust Nasdaq Semiconductor ETFOther-$932M-69.0%
10EWZiShares MSCI Brazil ETFEquity Emerging Markets-$816M-9.0%

Largest ETF fund flows across ~2619 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About PALL

0Holdings Count: 0
Expense Ratio: 0.6%
Inception Date: 2010-01-08
abrdn Physical Palladium Shares ETF
abrdn Palladium ETF Trust - abrdn Physical Palladium Shares ETF is an exchange traded fund launched and managed by abrdn ETFs Sponsor LLC. The fund invests in commodity markets. It invests in palladium bullions. The fund seeks to track the price of physical palladium bullion. abrdn Palladium ETF Trust - abrdn Physical Palladium Shares ETF was formed on December 30, 2009 and is domiciled in the United States.
Asset Class: Alternatives | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

PALLSLVSIVRPPLTCPERMedian
NameETFS Physi.iShares Si.ETFS Physi.ETFS Physi.United Sta. 
Asset ClassCommodityCommodityCommodityCommodityCommodity-
AUM ($ Bil)0.732.24.42.10.82.1
Expense Ratio0.60%0.50%0.30%0.60%0.88%0.60%
10-D Avg Volume (Mil)0.8620.351.452.470.621.45
Latest Day Volume (Mil)1.3020.722.294.01-3.15
Holdings Count000010
Inception Date1/8/20104/21/20067/24/20091/8/201011/15/2011-

Fundamentals

PALLSLVSIVRPPLTCPERMedian
NameETFS Physi.iShares Si.ETFS Physi.ETFS Physi.United Sta. 
Net Asset Value24.1159.2962.331640.1316.00
Premium/Discount0.4%4.0%-4.2%-4.0%
Distribution Yield0.0%0.0%-0.0%-0.0%
Sales Yield------
Earnings Yield------

Valuation

PALLSLVSIVRPPLTCPERMedian
NameETFS Physi.iShares Si.ETFS Physi.ETFS Physi.United Sta. 
P/S (TTM)------
P/E (TTM)------
P/FCF (TTM)------
Forward P/E------
Forward P/S------

Risk

PALLSLVSIVRPPLTCPERMedian
NameETFS Physi.iShares Si.ETFS Physi.ETFS Physi.United Sta. 
Volatility (1Y)51.2%61.3%66.1%50.5%29.3%51.2%
Volatility (3Y)40.9%42.1%41.8%35.8%26.5%40.9%
Volatility (5Y)42.8%36.9%36.4%33.0%24.8%36.4%
Beta (1Y)1.501.661.611.391.191.50
Beta (3Y)0.710.770.690.580.520.69
Beta (5Y)0.600.560.520.500.440.52
Sharpe Ratio (1Y)0.611.302.120.921.231.23
Sharpe Ratio (3Y)0.251.081.400.840.680.84
Sharpe Ratio (5Y)-0.120.760.950.500.320.50
Max Drawdown (1Y)-43.2%-52.3%-42.4%-44.0%-16.4%-43.2%
Max Drawdown (3Y)-43.2%-52.3%-42.4%-44.0%-24.8%-43.2%
Max Drawdown (5Y)-73.6%-52.3%-42.4%-44.0%-34.7%-44.0%

Returns

PALLSLVSIVRPPLTCPERMedian
NameETFS Physi.iShares Si.ETFS Physi.ETFS Physi.United Sta. 
1M Return2.9%14.4%-12.1%-12.1%
3M Return-3.2%-10.3%--6.5%--6.5%
6M Return-20.9%-13.2%--11.5%--13.2%
YTD Return-16.8%-4.3%--10.5%--10.5%
1Y Return19.6%82.0%-39.6%-39.6%
2Y Return40.1%138.4%-90.5%-90.5%
3Y Return6.4%198.3%-102.5%-102.5%

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity3.1 Mil
Short Interest: % Change Since 7152026-12.4%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest5.5 days