IAUM vs. PALL
Compare and contrast key facts about iShares Gold Trust Micro ETF of Benef Interest (IAUM) and Aberdeen Standard Physical Palladium Shares ETF (PALL).
IAUM and PALL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021. PALL is a passively managed fund by Abrdn Plc that tracks the performance of the Palladium London PM Fix ($/ozt). It was launched on Jan 6, 2010. Both IAUM and PALL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAUM or PALL.
Key characteristics
| IAUM | PALL | |
|---|---|---|
| YTD Return | 11.94% | -13.67% |
| 1Y Return | 14.38% | -34.15% |
| Sharpe Ratio | 1.35 | -0.99 |
| Daily Std Dev | 12.31% | 35.39% |
| Max Drawdown | -20.87% | -73.01% |
| Current Drawdown | -3.35% | -70.42% |
Correlation
The correlation between IAUM and PALL is 0.39, 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
IAUM vs. PALL - Performance Comparison
In the year-to-date period, IAUM achieves a 11.94% return, which is significantly higher than PALL's -13.67% 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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IAUM vs. PALL - Expense Ratio Comparison
IAUM has a 0.15% expense ratio, which is lower than PALL's 0.60% expense ratio.
Risk-Adjusted Performance
IAUM vs. PALL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro ETF of Benef Interest (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.
Dividends
IAUM vs. PALL - Dividend Comparison
Neither IAUM nor PALL has paid dividends to shareholders.
Drawdowns
IAUM vs. PALL - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, smaller than the maximum PALL drawdown of -73.01%. Use the drawdown chart below to compare losses from any high point for IAUM and PALL. For additional features, visit the drawdowns tool.
Volatility
IAUM vs. PALL - Volatility Comparison
The current volatility for iShares Gold Trust Micro ETF of Benef Interest (IAUM) is 5.23%, while Aberdeen Standard Physical Palladium Shares ETF (PALL) has a volatility of 9.71%. 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.