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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Palladium, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Palladium (PA=F) has returned -8.64% so far this year and 48.75% over the past 12 months. Over the last ten years, PA=F has returned 10.25% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Palladium
- 1D
- 4.97%
- 1M
- -16.95%
- YTD
- -8.64%
- 6M
- 15.62%
- 1Y
- 48.75%
- 3Y*
- 0.46%
- 5Y*
- -11.02%
- 10Y*
- 10.25%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 6, 2006, PA=F's average daily return is +0.06%, while the average monthly return is +1.09%. At this rate, your investment would double in approximately 5.3 years.
Historically, 59% of months were positive and 41% were negative. The best month was Feb 2008 with a return of +36.2%, while the worst month was Aug 2008 at -25.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, PA=F closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +20.5%, while the worst single day was Mar 12, 2020 at -20.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.63% | 6.15% | -16.95% | -8.64% | |||||||||
| 2025 | 17.81% | -14.92% | 9.74% | -6.63% | 3.66% | 14.30% | 8.96% | -6.26% | 13.85% | 13.03% | 4.84% | 6.80% | 79.07% |
| 2024 | -9.81% | -5.46% | 8.15% | -6.83% | -4.45% | 7.38% | -5.40% | 4.79% | 3.18% | 11.55% | -10.93% | -8.45% | -17.98% |
| 2023 | -8.14% | -13.41% | 2.64% | 2.25% | -10.44% | -9.10% | 5.24% | -4.73% | 2.51% | -10.84% | -8.90% | 8.74% | -38.30% |
| 2022 | 22.88% | 6.37% | -8.40% | 1.56% | -13.74% | -3.62% | 11.58% | -3.15% | 4.84% | -15.38% | 0.98% | -3.45% | -5.52% |
| 2021 | -9.96% | 5.36% | 12.34% | 12.15% | -2.96% | -2.38% | -4.19% | -7.41% | -23.09% | 4.82% | -12.72% | 9.65% | -22.50% |
Benchmark Metrics
Palladium has an annualized alpha of 7.87%, beta of 0.46, and R² of 0.05 versus S&P 500 Index. Calculated based on daily prices since January 09, 2006.
- This asset participated in 79.68% of S&P 500 Index downside but only 65.24% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.46 may look defensive, but with R² of 0.05 this asset is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this asset's risk.
- R² of 0.05 means this asset moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 7.87%
- Beta
- 0.46
- R²
- 0.05
- Upside Capture
- 65.24%
- Downside Capture
- 79.68%
Return for Risk
Risk / Return Rank
PA=F ranks 21 for risk / return — below 21% of futures on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Palladium (PA=F) and compare them to a chosen benchmark (S&P 500 Index).
| PA=F | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.90 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.39 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.40 | 0.00 |
Martin ratioReturn relative to average drawdown | 3.88 | 6.61 | -2.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PA=F risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Palladium. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Palladium was 74.88%, occurring on Aug 5, 2024. The portfolio has not yet recovered.
The current Palladium drawdown is 54.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.88% | Mar 9, 2022 | 652 | Aug 5, 2024 | — | — | — |
| -72.3% | Feb 29, 2008 | 196 | Dec 5, 2008 | 470 | Oct 7, 2010 | 666 |
| -48.27% | Sep 2, 2014 | 358 | Jan 12, 2016 | 428 | Aug 16, 2017 | 786 |
| -46.67% | Feb 28, 2020 | 20 | Mar 22, 2020 | 334 | Apr 19, 2021 | 354 |
| -46.14% | May 5, 2021 | 193 | Dec 15, 2021 | 68 | Mar 4, 2022 | 261 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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