PALL — abrdn Physical Palladium Shares ETF

PALL Price Performance — Growth of $10,000

Value of a $10,000 investment in PALL over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

PALL Drawdown

The "underwater" chart: PALL's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The abrdn Physical Palladium Shares ETF is a commodities fund issued by Aberdeen Standard Investments with $769 million in assets under management. It holds a D grade and ranks 21st out of 22 peers in its category, placing it near the bottom of the group. The fund charges an expense ratio of 0.6%, which is slightly above the category median of 0.595%. It provides no dividend income, matching the 0.00% yield seen across the category. Holdings data is not available for this specific vehicle.

The fund’s rating was upgraded from F to D on 2026-08-27, reflecting a modest improvement in its standing. Over the past year, it returned 18.15%, significantly trailing the category median of 30.36%. Short-term momentum shows a divergence, with a 10.18% gain over three months contrasting with an 18.53% loss over six months. The current price of $24.57 sits at 20.3% of its 52-week range, indicating it is near the lower end of recent trading levels. Historical data is limited to 3.0 years, which constrains the depth of the performance record.

With a beta of 0.58, the ETF moves less than half as much as the broader market, suggesting lower sensitivity to general equity fluctuations. Annualized volatility stands at 52.14%, a level labeled as Very High despite the low beta. The Sharpe ratio of 0.25 indicates that risk-adjusted returns have been modest relative to the volatility experienced. A maximum drawdown of -43.20% highlights the potential for significant capital erosion during downturns. Liquidity is supported by an average daily volume of 877,956 shares, though the bid/ask spread of 0.53% suggests moderate trading costs.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.80% (as of 2026-09-08) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.72 (as of 2026-09-08) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

PALL Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.53% and average daily volume is 878K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $769M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: PALL is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

PALL Performance History

How PALL Compares to Other Commodities ETFs