PALL vs. LIT
Compare and contrast key facts about Aberdeen Standard Physical Palladium Shares ETF (PALL) and Global X Lithium & Battery Tech ETF (LIT).
PALL and LIT 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. LIT is a passively managed fund by Global X that tracks the performance of the Solactive Global Lithium Index. It was launched on Jul 22, 2010. Both PALL and LIT 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 LIT.
Key characteristics
| PALL | LIT | |
|---|---|---|
| YTD Return | -13.79% | -9.70% |
| 1Y Return | -35.08% | -21.45% |
| 3Y Return (Ann) | -32.21% | -8.79% |
| 5Y Return (Ann) | -7.56% | 11.28% |
| 10Y Return (Ann) | 0.90% | 7.31% |
| Sharpe Ratio | -0.96 | -0.78 |
| Daily Std Dev | 35.41% | 27.39% |
| Max Drawdown | -73.01% | -61.91% |
| Current Drawdown | -70.46% | -51.18% |
Correlation
The correlation between PALL and LIT is 0.32, 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. LIT - Performance Comparison
In the year-to-date period, PALL achieves a -13.79% return, which is significantly lower than LIT's -9.70% return. Over the past 10 years, PALL has underperformed LIT with an annualized return of 0.90%, while LIT has yielded a comparatively higher 7.31% 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. LIT - Expense Ratio Comparison
PALL has a 0.60% expense ratio, which is lower than LIT's 0.75% expense ratio.
Risk-Adjusted Performance
PALL vs. LIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Palladium Shares ETF (PALL) and Global X Lithium & Battery Tech ETF (LIT). 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. LIT - Dividend Comparison
PALL has not paid dividends to shareholders, while LIT's dividend yield for the trailing twelve months is around 1.23%.
| 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% |
LIT Global X Lithium & Battery Tech ETF | 1.23% | 1.11% | 0.99% | 0.22% | 0.40% | 1.85% | 2.52% | 3.26% | 2.15% | 0.24% | 1.07% | 0.32% |
Drawdowns
PALL vs. LIT - Drawdown Comparison
The maximum PALL drawdown since its inception was -73.01%, which is greater than LIT's maximum drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for PALL and LIT. For additional features, visit the drawdowns tool.
Volatility
PALL vs. LIT - Volatility Comparison
Aberdeen Standard Physical Palladium Shares ETF (PALL) and Global X Lithium & Battery Tech ETF (LIT) have volatilities of 9.57% and 9.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.