IAUM vs. PALL
IAUM (iShares Gold Trust Micro) and PALL (Aberdeen Standard Physical Palladium Shares ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while PALL is a Precious Metals fund tracking the Palladium London PM Fix ($/ozt). Both are passively managed. Over the past 3 years, IAUM returned 31.53%/yr vs -3.26%/yr for PALL. At a 0.45 correlation, their price movements are largely independent. IAUM charges 0.09%/yr vs 0.60%/yr for PALL.
Performance
IAUM vs. PALL - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a 3.00% return, which is significantly higher than PALL's -18.39% return.
IAUM
- 1D
- -0.96%
- 1M
- -1.62%
- YTD
- 3.00%
- 6M
- 5.58%
- 1Y
- 32.42%
- 3Y*
- 31.53%
- 5Y*
- —
- 10Y*
- —
PALL
- 1D
- -4.89%
- 1M
- -11.74%
- YTD
- -18.39%
- 6M
- -11.90%
- 1Y
- 28.17%
- 3Y*
- -3.26%
- 5Y*
- -14.89%
- 10Y*
- 8.36%
IAUM vs. PALL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 3.00% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
PALL Aberdeen Standard Physical Palladium Shares ETF | -18.39% | 74.07% | -17.38% | -38.77% | -6.28% | -29.77% |
Correlation
The correlation between IAUM and PALL is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.45 |
The correlation between IAUM and PALL shifts across timeframes, from 0.45 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAUM vs. PALL — Risk / Return Rank
IAUM
PALL
IAUM vs. PALL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) 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.
| IAUM | PALL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.14 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.78 | +0.92 |
| Martin ratioReturn relative to average drawdown | 4.22 | 1.74 | +2.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAUM | PALL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.56 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.18 | +0.98 |
Drawdowns
IAUM vs. PALL - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, smaller than the maximum PALL drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for IAUM and PALL.
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Drawdown Indicators
| IAUM | PALL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -73.63% | +52.76% |
Max Drawdown (1Y)Largest decline over 1 year | -19.15% | -36.18% | +17.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -40.47% | +21.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -17.68% | -59.78% | +42.10% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -26.81% | +21.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 16.25% | -8.55% |
Volatility
IAUM vs. PALL - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 5.50%, while Aberdeen Standard Physical Palladium Shares ETF (PALL) has a volatility of 10.54%. This indicates that IAUM experiences smaller price fluctuations and is considered to be less risky than PALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | PALL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 10.54% | -5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 22.89% | 41.87% | -18.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.31% | 50.24% | -23.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 42.46% | -24.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 37.91% | -20.05% |
IAUM vs. PALL - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than PALL's 0.60% expense ratio.
Dividends
IAUM vs. PALL - Dividend Comparison
Neither IAUM nor PALL has paid dividends to shareholders.
Frequently Asked Questions
IAUM and PALL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PALL has higher volatility (10.54%) compared to IAUM (5.50%). In terms of maximum drawdown, IAUM dropped -20.87% vs PALL's -73.63%.
On 3-year performance, IAUM leads with 31.53% vs -3.26% for PALL. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 5.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAUM has performed better with a 31.53% return vs -3.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.60% for PALL.
IAUM and PALL have nearly identical dividend yields, around 0.00%.
IAUM is categorized as Gold, while PALL is Precious Metals. IAUM tracks LBMA Gold Price PM, while PALL tracks Palladium London PM Fix ($/ozt). They also come from different issuers: iShares and Aberdeen. Their fees differ too: 0.09% for IAUM and 0.60% for PALL.
IAUM currently has the higher Sharpe Ratio (1.24 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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