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 (PALL) is a commodity fund issued by Aberdeen Standard Investments with $637 million in assets under management. It holds the lowest possible grade of F, reflecting a score of 26.4 out of 100. Within the Commodities category, it ranks 21st out of 22 tracked funds, placing it near the bottom of its peer group. The fund’s expense ratio of 0.6% sits slightly above the category median of 0.595%. It does not distribute dividends, contrasting with the category median yield of 2.89%. No holdings breakdown is available for this specific vehicle.

The fund’s price of $18.94 is positioned at just 0.4% of its 52-week range, indicating it is trading near the bottom of its recent historical levels. Short-term performance shows significant declines, with the 1-month return at -17.65% and the 1-week return at -6.10%. This negative momentum extends to the 1-year horizon, where the fund returned -28.43%, a stark divergence from the category median of +9.06%. The rating was downgraded from D to F on 2026-09-28, coinciding with these poor results. Historical data is limited to 3.0 years, which constrains the long-term view of its track record.

PALL exhibits Very High volatility, with an annualized figure of 49.46%. Its beta of 0.61 suggests it moves less than the broader market, yet the Sharpe ratio of -0.68 indicates poor risk-adjusted returns. The maximum drawdown of -49.06% highlights the severity of past losses during downturns. Liquidity is moderate, supported by an average daily volume of 865,578 shares. These metrics collectively describe a fund that has experienced substantial price erosion and high instability relative to its peers.

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

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

PALL Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 866K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $637M 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