PA=F vs. HG=F
Compare and contrast key facts about Palladium (PA=F) and Copper (HG=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PA=F or HG=F.
Correlation
The correlation between PA=F and HG=F is 0.41, 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.
Performance
PA=F vs. HG=F - Performance Comparison
Key characteristics
PA=F:
-0.09
HG=F:
-0.03
PA=F:
0.13
HG=F:
0.12
PA=F:
1.01
HG=F:
1.01
PA=F:
-0.05
HG=F:
-0.03
PA=F:
-0.21
HG=F:
-0.05
PA=F:
15.76%
HG=F:
15.00%
PA=F:
35.66%
HG=F:
23.18%
PA=F:
-72.41%
HG=F:
-62.54%
PA=F:
-67.47%
HG=F:
-5.78%
Returns By Period
In the year-to-date period, PA=F achieves a 6.62% return, which is significantly lower than HG=F's 22.11% return. Over the past 10 years, PA=F has underperformed HG=F with an annualized return of 2.57%, while HG=F has yielded a comparatively higher 5.95% annualized return.
PA=F
6.62%
0.93%
-4.57%
-2.25%
-13.51%
2.57%
HG=F
22.11%
6.72%
6.98%
20.80%
17.00%
5.95%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
PA=F vs. HG=F — Risk-Adjusted Performance Rank
PA=F
HG=F
PA=F vs. HG=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Palladium (PA=F) and Copper (HG=F). 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.
Drawdowns
PA=F vs. HG=F - Drawdown Comparison
The maximum PA=F drawdown since its inception was -72.41%, which is greater than HG=F's maximum drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for PA=F and HG=F. For additional features, visit the drawdowns tool.
Volatility
PA=F vs. HG=F - Volatility Comparison
The current volatility for Palladium (PA=F) is 5.34%, while Copper (HG=F) has a volatility of 6.06%. This indicates that PA=F experiences smaller price fluctuations and is considered to be less risky than HG=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.