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 0.29, 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
PA=F vs. HG=F - Performance Comparison
Key characteristics
PA=F:
0.14
HG=F:
0.13
PA=F:
0.49
HG=F:
0.34
PA=F:
1.06
HG=F:
1.05
PA=F:
0.07
HG=F:
0.14
PA=F:
0.30
HG=F:
0.36
PA=F:
16.99%
HG=F:
8.73%
PA=F:
35.76%
HG=F:
25.56%
PA=F:
-72.41%
HG=F:
-62.54%
PA=F:
-68.59%
HG=F:
-7.25%
Returns By Period
In the year-to-date period, PA=F achieves a 2.96% return, which is significantly lower than HG=F's 20.20% return. Over the past 10 years, PA=F has underperformed HG=F with an annualized return of 1.77%, while HG=F has yielded a comparatively higher 5.61% annualized return.
PA=F
2.96%
-3.64%
-21.92%
-4.53%
-13.07%
1.77%
HG=F
20.20%
-7.25%
11.53%
5.90%
15.14%
5.61%
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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 10.00%, while Copper (HG=F) has a volatility of 13.73%. 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.