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.
Performance
IAUM vs. PALL - Performance Comparison
Returns By Period
In the year-to-date period, IAUM achieves a 24.08% return, which is significantly higher than PALL's -13.47% return.
IAUM
24.08%
-4.23%
5.93%
29.29%
N/A
N/A
PALL
-13.47%
-7.18%
-5.96%
-8.88%
-11.42%
1.55%
Key characteristics
| IAUM | PALL | |
|---|---|---|
| Sharpe Ratio | 2.09 | -0.21 |
| Sortino Ratio | 2.80 | -0.04 |
| Omega Ratio | 1.36 | 1.00 |
| Calmar Ratio | 3.78 | -0.11 |
| Martin Ratio | 12.67 | -0.42 |
| Ulcer Index | 2.42% | 19.59% |
| Daily Std Dev | 14.64% | 39.50% |
| Max Drawdown | -20.87% | -73.63% |
| Current Drawdown | -8.09% | -70.35% |
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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.
Correlation
The correlation between IAUM and PALL is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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 -73.63%. 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 5.25%, while Aberdeen Standard Physical Palladium Shares ETF (PALL) has a volatility of 14.35%. 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.