PPLT vs PALL Stock Comparison: AI Score, Valuation, Performance and Upside
PPLT and PALL sit in related but distinct corners of the ETF landscape — PPLT centers on direct, physically-backed exposure to platinum prices, while PALL focuses on direct, physically-backed exposure to palladium prices. Investors choosing between them should weigh how each fund's strategy lines up with their own goals rather than assuming they're interchangeable.
Choosing between PPLT and PALL comes down to which specific exposure — direct, physically-backed exposure to platinum prices or direct, physically-backed exposure to palladium prices — better matches the role you want this holding to play in a diversified portfolio.
PPLT holds the edge across 2 of 5 key metrics in this comparison. PPLT has delivered stronger 1-year price return (+24.68% vs +4.96% for PALL).
- want direct, physically-backed exposure to platinum prices
- prefer abrdn's approach and fund lineup
- value backed by physical platinum, avoiding futures-contango costs entirely
- are comfortable with no income generation since bullion pays no yield
- want direct, physically-backed exposure to palladium prices
- prefer abrdn's approach and fund lineup
- value backed by physical palladium, avoiding futures-contango costs
- are comfortable with one of the most volatile precious-metal markets due to its small size
| Metric | PPLT | PALL |
|---|---|---|
| ETF scorei | 61.0 | 27.0 |
| Latest closei | $15.90 | $23.23 |
| 1M returni | +0.19% | -2.93% |
| 6M returni | -17.17% | -20.52% |
| 1Y returni | +24.68% | +4.96% |
The ETF score weights long-term returns and risk-adjusted performance most heavily, but still rewards low expense ratios, larger fund size, and broader diversification — so it can favor low-cost, broad, mega-cap funds over smaller thematic or actively-managed funds even when the latter have delivered stronger returns.
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | PPLT | PALL |
|---|---|---|
| 1Y ago | $12.41K (+24.1%) started 2025-09-15 | $10.62K (+6.2%) started 2025-09-15 |
| 5Y ago | $18.04K (+80.4%) started 2021-09-14 | $6.29K (-37.1%) started 2021-09-14 |
| 10Y ago | $15.99K (+59.9%) started 2016-09-14 | $18.44K (+84.4%) started 2016-09-14 |
Hypothetical — past performance does not guarantee future results.
| Metric | PPLT | PALL |
|---|---|---|
| Expense ratioi | 0.60% | 0.60% |
| Total assets (AUM)i | $2.3B | $769.06M |
| Dividend yieldi | 0.00% | 0.00% |
| Trailing P/Ei | N/A | N/A |
| Betai | 0.40 | 0.02 |
| 52-week change | 24.68% | 4.96% |
| Metric | PPLT | PALL |
|---|---|---|
| 1Y returni | +24.68% | +4.96% |
| 6M returni | -17.17% | -20.52% |
| 1M returni | +0.19% | -2.93% |
| 1Y Sharpe ratio | 0.60 | 0.30 |
| Betai | 0.40 | 0.02 |
| Dividend yieldi | 0.00% | 0.00% |
| 5Y CAGR | +12.52% | -8.86% |
Over the past year, PPLT and PALL have moved strongly in the same direction (correlation of 0.85), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | PPLT | PALL |
|---|---|---|---|
| 1Y | Growthi | +24.07% | +6.21% |
| CAGRi | +24.17% | +6.23% | |
| Volatilityi | 51.34% | 52.43% | |
| Sharpe ratioi | 0.60 | 0.30 | |
| Sortino ratioi | 0.81 | 0.40 | |
| Max drawdowni | 43.98% | 43.20% | |
| Current drawdowni | 36.97% | 37.52% | |
| Avg drawdowni | 21.33% | 21.14% | |
| Ulcer Indexi | 25.94% | 24.97% | |
| Max daily dropi | 18.44% | 15.68% | |
| Max wkly dropi | 23.99% | 17.76% | |
| 5Y | Growthi | +80.35% | -37.13% |
| CAGRi | +12.52% | -8.86% | |
| Volatilityi | 33.15% | 42.79% | |
| Sharpe ratioi | 0.39 | -0.11 | |
| Sortino ratioi | 0.54 | -0.15 | |
| Max drawdowni | 43.98% | 73.63% | |
| Current drawdowni | 36.97% | 60.63% | |
| Avg drawdowni | 16.67% | 52.35% | |
| Ulcer Indexi | 19.04% | 55.83% | |
| Max daily dropi | 18.44% | 15.68% | |
| Max wkly dropi | 23.99% | 23.33% | |
| 10Y | Growthi | +59.90% | +84.42% |
| CAGRi | +4.81% | +6.31% | |
| Volatilityi | 29.51% | 38.40% | |
| Sharpe ratioi | 0.16 | 0.24 | |
| Sortino ratioi | 0.22 | 0.33 | |
| Max drawdowni | 45.45% | 73.63% | |
| Current drawdowni | 36.97% | 60.63% | |
| Avg drawdowni | 19.26% | 32.39% | |
| Ulcer Indexi | 21.35% | 41.23% | |
| Max daily dropi | 18.44% | 19.73% | |
| Max wkly dropi | 27.83% | 35.95% |
| Category | PPLT | PALL |
|---|---|---|
| Fund name | abrdn Physical Platinum Shares ETF | abrdn Physical Palladium Shares ETF |
| Type | ETF | ETF |
| Expense ratioi | 0.60% | 0.60% |
| Total assets (AUM)i | $2.3B | $769.06M |
| Dividend yieldi | 0.00% | 0.00% |
- Backed by physical platinum, avoiding futures-contango costs entirely
- Direct commodity price exposure without mining-company operational risk
- Platinum has industrial (auto-catalyst, hydrogen) demand beyond pure investment
- Backed by physical palladium, avoiding futures-contango costs
- Direct commodity exposure without mining-company operational risk
- Historically has seen sharp bull runs tied to auto-catalyst demand
- No income generation since bullion pays no yield
- Platinum's industrial demand ties it to auto and hydrogen-economy cycles
- Smaller, less liquid market than gold bullion funds
- One of the most volatile precious-metal markets due to its small size
- Heavily dependent on gasoline-vehicle catalytic-converter demand, which faces EV-transition risk
- No income generation since bullion pays no yield
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