PALL vs. FXZ
Compare and contrast key facts about Aberdeen Standard Physical Palladium Shares ETF (PALL) and First Trust Materials AlphaDEX Fund (FXZ).
PALL and FXZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. Both PALL and FXZ 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: PALL or FXZ.
Key characteristics
| PALL | FXZ | |
|---|---|---|
| YTD Return | -13.67% | -2.65% |
| 1Y Return | -34.15% | 9.68% |
| 3Y Return (Ann) | -31.80% | 6.83% |
| 5Y Return (Ann) | -7.54% | 13.47% |
| 10Y Return (Ann) | 1.00% | 8.98% |
| Sharpe Ratio | -0.99 | 0.47 |
| Daily Std Dev | 35.39% | 18.99% |
| Max Drawdown | -73.01% | -65.46% |
| Current Drawdown | -70.42% | -7.07% |
Correlation
The correlation between PALL and FXZ is 0.34, 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
PALL vs. FXZ - Performance Comparison
In the year-to-date period, PALL achieves a -13.67% return, which is significantly lower than FXZ's -2.65% return. Over the past 10 years, PALL has underperformed FXZ with an annualized return of 1.00%, while FXZ has yielded a comparatively higher 8.98% annualized 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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PALL vs. FXZ - Expense Ratio Comparison
PALL has a 0.60% expense ratio, which is lower than FXZ's 0.67% expense ratio.
Risk-Adjusted Performance
PALL vs. FXZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and First Trust Materials AlphaDEX Fund (FXZ). 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
PALL vs. FXZ - Dividend Comparison
PALL has not paid dividends to shareholders, while FXZ's dividend yield for the trailing twelve months is around 1.95%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PALL Aberdeen Standard Physical Palladium Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXZ First Trust Materials AlphaDEX Fund | 1.95% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
Drawdowns
PALL vs. FXZ - Drawdown Comparison
The maximum PALL drawdown since its inception was -73.01%, which is greater than FXZ's maximum drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for PALL and FXZ. For additional features, visit the drawdowns tool.
Volatility
PALL vs. FXZ - Volatility Comparison
Aberdeen Standard Physical Palladium Shares ETF (PALL) has a higher volatility of 9.71% compared to First Trust Materials AlphaDEX Fund (FXZ) at 4.59%. This indicates that PALL's price experiences larger fluctuations and is considered to be riskier than FXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.