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PA=F vs. HG=F
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: 0.3

Performance

PA=F vs. HG=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Palladium (PA=F) and Copper (HG=F). The values are adjusted to include any dividend payments, if applicable.

100.00%150.00%200.00%250.00%300.00%NovemberDecember2025FebruaryMarchApril
213.28%
94.93%
PA=F
HG=F

Key characteristics

Sharpe Ratio

PA=F:

0.14

HG=F:

0.13

Sortino Ratio

PA=F:

0.49

HG=F:

0.34

Omega Ratio

PA=F:

1.06

HG=F:

1.05

Calmar Ratio

PA=F:

0.07

HG=F:

0.14

Martin Ratio

PA=F:

0.30

HG=F:

0.36

Ulcer Index

PA=F:

16.99%

HG=F:

8.73%

Daily Std Dev

PA=F:

35.76%

HG=F:

25.56%

Max Drawdown

PA=F:

-72.41%

HG=F:

-62.54%

Current Drawdown

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

YTD

2.96%

1M

-3.64%

6M

-21.92%

1Y

-4.53%

5Y*

-13.07%

10Y*

1.77%

HG=F

YTD

20.20%

1M

-7.25%

6M

11.53%

1Y

5.90%

5Y*

15.14%

10Y*

5.61%

*Annualized

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Risk-Adjusted Performance

PA=F vs. HG=F — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PA=F
The Risk-Adjusted Performance Rank of PA=F is 4646
Overall Rank
The Sharpe Ratio Rank of PA=F is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of PA=F is 5858
Sortino Ratio Rank
The Omega Ratio Rank of PA=F is 4545
Omega Ratio Rank
The Calmar Ratio Rank of PA=F is 4040
Calmar Ratio Rank
The Martin Ratio Rank of PA=F is 4242
Martin Ratio Rank

HG=F
The Risk-Adjusted Performance Rank of HG=F is 4141
Overall Rank
The Sharpe Ratio Rank of HG=F is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of HG=F is 4141
Sortino Ratio Rank
The Omega Ratio Rank of HG=F is 4040
Omega Ratio Rank
The Calmar Ratio Rank of HG=F is 4343
Calmar Ratio Rank
The Martin Ratio Rank of HG=F is 4141
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for PA=F, currently valued at 0.14, compared to the broader market-0.500.000.501.001.502.00
PA=F: 0.14
HG=F: 0.26
The chart of Sortino ratio for PA=F, currently valued at 0.49, compared to the broader market-0.500.000.501.001.502.002.50
PA=F: 0.49
HG=F: 0.51
The chart of Omega ratio for PA=F, currently valued at 1.06, compared to the broader market1.001.101.201.30
PA=F: 1.06
HG=F: 1.07
The chart of Calmar ratio for PA=F, currently valued at 0.07, compared to the broader market0.001.002.003.004.00
PA=F: 0.07
HG=F: 0.28
The chart of Martin ratio for PA=F, currently valued at 0.30, compared to the broader market0.002.004.006.008.0010.00
PA=F: 0.30
HG=F: 0.71

The current PA=F Sharpe Ratio is 0.14, which is comparable to the HG=F Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of PA=F and HG=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.60-0.40-0.200.000.200.400.600.80NovemberDecember2025FebruaryMarchApril
0.14
0.26
PA=F
HG=F

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.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-68.59%
-7.25%
PA=F
HG=F

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.


5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
10.00%
13.73%
PA=F
HG=F