Complete List of Palladium ETFs | Physical & Futures Funds

Discovered in 1803 by William Hyde Wollaston and named after the asteroid Pallas, palladium is the least dense member of the Platinum Group Metals — and one of the most industrially dependent. Unlike gold or silver, palladium is used almost entirely for commercial and industrial purposes, with catalytic converters in gasoline-powered vehicles representing its largest application.

At room temperature, palladium absorbs up to 900 times its own volume of hydrogen, a property that also makes it useful for hydrogen purification, electronics (particularly multi-layer ceramic capacitors), surgical instruments, and dentistry.

Supply is heavily concentrated. Russia and South Africa together account for 70–80% of world output, with Russia’s Norilsk Nickel being the single largest producer. South Africa’s Bushveld Complex holds the world’s largest PGM reserves. Canada ranks third, with the Sudbury Basin in Ontario as a major source, while Sibanye Stillwater (NYSE: SBSW) operates the only PGM mine in the United States, located in Montana.

There are no pure palladium mining companies, which is why ETFs have become the primary way to gain exposure to the metal. Palladium ETFs fall into two categories:

• Physical-backed funds: Hold actual palladium bullion in secure vaults, providing direct price exposure.
• Futures-based funds: Track palladium futures contracts traded on the New York Mercantile Exchange or the London Platinum and Palladium Market — though these can experience tracking errors from contract rollover costs and contango.

The two most prominent palladium ETFs available to U.S. investors are:

• abrdn Physical Palladium Shares ETF (PALL) — Launched in 2009 on NYSE Arca, PALL holds fully allocated palladium bullion in London vaults with ICBC Standard Bank as custodian and Bank of New York Mellon as trustee. Investors can access detailed bar lists with serial numbers and weights.
• Sprott Physical Platinum and Palladium Trust (SPPP) — A closed-end trust established under Ontario law that holds unencumbered, fully allocated physical platinum and palladium. It trades on both NYSE Arca (in USD) and the TSX (in USD and CAD), with metal held in custody at a federal crown corporation of the Canadian government.

For broader precious metals exposure, see our list of top precious metals funds or explore platinum ETFs, which track palladium’s closest PGM counterpart.

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The table below lists all available palladium ETFs, including both physically-backed and futures-based instruments traded on major global exchanges.