GSM vs. PALL
Compare and contrast key facts about Ferroglobe PLC (GSM) and Aberdeen Standard Physical Palladium Shares ETF (PALL).
PALL is a passively managed fund by Abrdn Plc that tracks the performance of the Palladium London PM Fix ($/ozt). It was launched on Jan 6, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSM or PALL.
Key characteristics
| GSM | PALL | |
|---|---|---|
| YTD Return | -17.13% | -13.79% |
| 1Y Return | 32.88% | -35.08% |
| 3Y Return (Ann) | 8.71% | -32.21% |
| 5Y Return (Ann) | 20.11% | -7.56% |
| 10Y Return (Ann) | -11.01% | 0.90% |
| Sharpe Ratio | 0.73 | -0.96 |
| Daily Std Dev | 43.88% | 35.41% |
| Max Drawdown | -98.29% | -73.01% |
| Current Drawdown | -75.14% | -70.46% |
Correlation
The correlation between GSM and PALL is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GSM vs. PALL - Performance Comparison
In the year-to-date period, GSM achieves a -17.13% return, which is significantly lower than PALL's -13.79% return. Over the past 10 years, GSM has underperformed PALL with an annualized return of -11.01%, while PALL has yielded a comparatively higher 0.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GSM vs. PALL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ferroglobe PLC (GSM) and Aberdeen Standard Physical Palladium Shares ETF (PALL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
GSM vs. PALL - Dividend Comparison
GSM's dividend yield for the trailing twelve months is around 0.24%, while PALL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSM Ferroglobe PLC | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.55% | 0.00% | 3.69% | 2.98% | 1.74% | 1.47% |
PALL Aberdeen Standard Physical Palladium Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSM vs. PALL - Drawdown Comparison
The maximum GSM drawdown since its inception was -98.29%, which is greater than PALL's maximum drawdown of -73.01%. Use the drawdown chart below to compare losses from any high point for GSM and PALL. For additional features, visit the drawdowns tool.
Volatility
GSM vs. PALL - Volatility Comparison
Ferroglobe PLC (GSM) has a higher volatility of 10.23% compared to Aberdeen Standard Physical Palladium Shares ETF (PALL) at 9.57%. This indicates that GSM's price experiences larger fluctuations and is considered to be riskier than PALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.