List of Platinum and Palladium ETNs and ETFs
The platinum group metals market is currently defined by a significant 692,000-ounce supply deficit and surging demand for hydrogen fuel cell catalysts. Explore the leading physically-backed ETFs managing over $3 billion in assets as of April 2026.
Navigating the List of Platinum and Palladium ETNs and ETFs in 2026 requires an understanding of the fundamental shift from credit-linked exchange-traded notes to physically-backed trust structures. Following the maturity of several legacy ETNs in 2022, investors have pivoted toward vaults audited by the London Bullion Market Association (LBMA) to secure direct spot price exposure. While auto catalysts still drive 42% of demand, the emergence of green hydrogen electrolyzers is creating a long-term industrial tailwind with a 15% CAGR. Today, the sector's valuation is increasingly supported by record supply deficits that have left global stocks with less than five months of coverage. This guide provides a detailed breakdown of the most liquid and cost-effective vehicles for gaining exposure to these critical industrial and precious metals.
Key Takeaways
Modern investors prefer funds like abrdn Physical Platinum (PPLT $2.8B) which hold physical bars in secure London and Zurich vaults.
A massive 692,000-ounce platinum deficit in the current cycle is a primary driver of the sector's 89% annual returns.
After a multi-year decline, palladium has seen a 48% recovery driven by automotive manufacturing requirements and weakening recycling volumes.
Investors seeking lower expense ratios often target GraniteShares Platinum (PLTM 0.50% TER) for long-term spot price tracking.
Top List of Platinum and Palladium ETNs and ETFs by Market Cap (2026)
The following vehicles represent the primary exchange-traded products for precious metal exposure, ranked by assets under management as of Q2 2026.
| Rank | Ticker | ETF/ETN Name | Type | AUM ($M) | 1Y Return | Exp. Ratio | Vault Location |
|---|---|---|---|---|---|---|---|
| 1 | PPLT | abrdn Physical Platinum Shares | Physical ETF | $2,800M | +89% | 0.60% | London/Zurich |
| 2 | PALL | abrdn Physical Palladium Shares | Physical ETF | $269M | +48% | 0.60% | London/Zurich |
| 3 | PLTM | GraniteShares Platinum Trust | Physical ETF | $97M | +44% | 0.50% | London |
List of Platinum and Palladium ETNs and ETFs — Complete Company List
Palladium and Platinum ETFs and ETNs – Clicking on the link will take you to the ETF providers website.
- ETFS Physical Palladium Shares ETF (PALL)
- ETFS Physical Platinum Shares ETF (PPLT)
- iPath Bloomberg Platinum Subindex Total Return ETN (PGM) (This ETN is designed to move in the same direction as the price of platinum. The index this ETN is based upon is designed to reflect the potential returns (unleveraged)
- Sprott Physical Platinum and Palladium Trust (SPPP) (Designed for investors who want to hold physical platinum and palladium)
- UBS E-TRACS CMCI Long Platinum Total Return ETN (PTM) (This ETN is designed to move in the same direction as the price of platinum. The index this ETN is based upon is designed to reflect the returns (unleveraged)
Risks & Considerations
Industrial Demand Sensitivity
Unlike gold, platinum and palladium are primarily industrial metals. A slowdown in global automotive production or a rapid shift away from internal combustion engines can lead to sharp price volatility.
Geopolitical Supply Concentration
The majority of global supply is concentrated in South Africa and Russia. Labor strikes, power grid instability, or sanctions in these regions can cause significant and unpredictable supply disruptions.
Substitution Risk
High prices in one metal often lead manufacturers to substitute with the other (e.g., substituting platinum for palladium in gasoline engines), which can cap upside potential for the more expensive metal.
Hydrogen Adoption Timelines
While the hydrogen economy is a major tailwind, the full commercialization of fuel cells may take longer than current market projections, potentially leaving the sector over-extended in the short term.