Palladium ETF Gets Hammered, -6.7% Daily Loss Is Worst Among All ETFs

The ETFS Physical Palladium Shares (PALL) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a -6.66% one-day return and trailing the wider markets by a total of 7.53 percentage points.

Behind The Losses

PALL closed today at $70.40 per share, down $5.02 (-6.66%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $1.97 (+0.87%) on the day.

PALL’s trading volume today was a total of 54,153 shares, which was an increase of 47% versus its average daily trading volume of 36,903. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.

Including any dividends as well as today’s losses, PALL has still gained 7.96% year-to-date, versus a 2.7% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

ETFS Physical Palladium Shares is a Commodity-focused product issued by ETF Securities. Its expense ratio of 0.60% makes it the #17 cheapest ETF among 31 total funds in the Precious Metals ETFs category.

PALL currently boasts $178.23M in assets under management (AUM), placing it #14 of 31 ETFs in its category, and #701 of 1922 total ETFs in the U.S. exchange traded universe.

The investment objective of the ETFS Physical Palladium Shares ETF seeks to reflect the performance of the price of palladium. With palladium prices hit hard today — along with other precious metals amid a broad equity markets rally — PALL thus responded very negatively.

PALL SMART Grade

PALL currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 32 funds in the Precious Metals ETFs category. If today’s underperformance continues, however, PALL could be ripe for a downgrade soon.

For more information about this ETF, including full ratings, news, data, and more, please visit PALL’s ticker page.

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