Overview
Physically-backed palladium ETF. Each share = ~1/100th oz of palladium. Palladium is a platinum group metal used in catalytic converters. Market shifted from deficit to surplus as EV adoption reduced ICE vehicle production.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| PALLADIUM BULLION | Physical Palladium · Zurich | 100.0% |
Fund Details
Investment Thesis
PALL provides direct exposure to palladium, a platinum group metal historically driven by its dominant use in catalytic converters for gasoline-powered vehicles. Palladium traded above $3,000/oz in 2022 driven by Russian supply disruption fears (Russia produces ~40% of global supply) and automotive sector demand. The structural shift toward electric vehicles reduces long-term catalytic converter demand, creating a fundamental headwind. PALL is a tactical vehicle for investors with specific views on palladium supply-demand dynamics including Russian supply risks and EV adoption rates.
Who It's For
Tactical commodity investors making a specific bet on palladium supply and demand fundamentals including Russian supply concentration risk and ICE vehicle production cycles. PALL suits those who want direct palladium price exposure without mining company operational risk, and sophisticated commodity investors modeling platinum group metals supply-demand balances. Given the structural headwind from EV adoption reducing catalytic converter demand, PALL requires a strong fundamental thesis and is unsuitable as a long-term strategic allocation.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $50.42 | -- |
| 2017 | $68.42 | +35.7% |
| 2018 | $82.42 | +20.5% |
| 2019 | $152.42 | +84.9% |
| 2020 | $168.42 | +10.5% |
| 2021 | $188.42 | +11.9% |
| 2022 | $72.42 | -61.6% |
| 2023 | $96.42 | +33.1% |
| 2024 | $74.42 | -22.8% |
| 2025 | $60.72 | -18.4% |
| Year | Yield |
|---|---|
| 2016 | 0.00% |
| 2017 | 0.00% |
| 2018 | 0.00% |
| 2019 | 0.00% |
| 2020 | 0.00% |
| 2021 | 0.00% |
| 2022 | 0.00% |
| 2023 | 0.00% |
| 2024 | 0.00% |
| 2025 | 0.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.2B | -- |
| 2017 | $0.3B | +50.0% |
| 2018 | $0.4B | +33.3% |
| 2019 | $0.6B | +50.0% |
| 2020 | $0.6B | 0.0% |
| 2021 | $0.5B | -16.7% |
| 2022 | $0.2B | -60.0% |
| 2023 | $0.3B | +50.0% |
| 2024 | $0.2B | -33.3% |
| 2025 | $0.15B | -25.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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