First-Year Review
Kurv's silver fund paid $7.70 in year one and still lagged the metal
abrdn Physical Palladium Shares ETF
$20.38−0.23 (−1.12%)
- 0.60%
- $602M
- −20.5%
- 0.9M sh
- $20.64
- low $20.20high $39.48
The ETF.net PALL Grade
C
Score 52 out of 100
- 7 of 9
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C42 out of 100Rank 5 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.A78 out of 100Rank 6 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F24 out of 100Rank 9 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 3 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 5 of 9
Our read on PALL
CPalladium bars, not palladium futures. Running since 2010, this abrdn trust aims to reflect the price of physical palladium after expenses: one metal, one price, no roll schedule to babysit.
The Trust's objective is for its Shares to reflect the price performance of physical palladium, after deducting Trust expenses.
Why people hold it
- One job, stated plainly: shares reflect the price of physical palladium after trust expenses. No futures ladder, no index committee, no tracking basket to decode.
- Trading since 2010 and an actively traded name in its physical-commodity group, so getting a position on or off is usually straightforward.
- Part of abrdn's physical metals shelf alongside silver (SIVR), platinum (PPLT) and the GLTR precious-metals basket, so shifting metals keeps you in one familiar structure.
Worth knowing
- The 0.60% expense ratio is the median for physically backed metal trusts, not a bargain. SIVR charges 0.30%, SLV and PLTM 0.50%, though those hold different metals.
- Nothing gets paid out. The whole result is the metal's price minus the trust's expenses, so there's no income to soften a flat stretch.
- One metal, one mood. This sits among the more volatile members of its physical-metals group, with no basket alongside it to smooth a rough palladium run.
PALL Holdings
- Other
- 1
- 100%
- Physical Palladium
PALL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PALL$7,954
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PALL |
|---|---|
| Year to date | −29.1% |
| 1 month | −12.7% |
| 3 months | −10.7% |
| 1 year | −20.5% |
| 3 years | −0.5% |
| 5 years | −11.7% |
| 10 years | +5.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PALL |
|---|---|---|
| 2026 YTD | −29.1% | |
| 2025 | +74.1% | |
| 2024 | −17.4% | |
| 2023 | −38.8% | |
| 2022 | −6.3% | |
| 2021 | −23.3% | |
| 2020 | +25.3% |
PALL in the news
Price vs Value
URNJ closed 1.57% below the value of its miners Friday
PALL Dividends
No distributions in the last 12 months.
PALL Risk
- 31.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.05
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −73.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.46
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PALL Cost
0.60%
PALL0.60%
- The middle half of Physical Commodities funds
- Median 0.60%
4 of the 9 Physical Commodities funds charge less.
Other funds in Physical Commodities
- BPLTMGraniteShares Platinum TrustExpense ratio 0.50%1 year return +4.8%
- BGLTRabrdn Physical Precious Metals Basket Shares ETFExpense ratio 0.60%1 year return +7.0%
- BYSAGTexas Precious Metals Trust Y'all Street Physical Silver ETFExpense ratio 0.39%1 year return —
- BPPLTabrdn Physical Platinum Shares ETFExpense ratio 0.60%1 year return +4.7%
- DUXRoundhill Investments - Uranium ETFExpense ratio 0.75%1 year return −1.0%