Which stocks are most correlated with PALL?

Based on one year of daily returns, the stocks most correlated with abrdn Physical Palladium Shares ETF (PALL) are SPPP (0.92), PLTM (0.85) and PPLT (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with PALL?

Over the past year, the stocks most inversely correlated with abrdn Physical Palladium Shares ETF (PALL) are ZSL (-0.70), JDST (-0.69) and DUST (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.

abrdn Physical Palladium Shares ETF (PALL) — Stock Correlations & Overview

Over the past year, PALL has moved most closely with SPPP, PLTM, PPLT. Explore the stocks most correlated and inversely correlated with PALL below, along with its price, financials, and company profile.

Stocks correlated with PALL

Correlation of daily returns. Higher positive values move with PALL; negative values move opposite it. Informational only, not investment advice.

Most correlated with PALL

Symbol	Company	Correlation
SPPP	Sprott Physical Platinum and Palladium Trust	0.92
PLTM	GraniteShares Platinum SharesCOMMODITY CONTRACTS BROKERS & DEALERS	0.85
PPLT	abrdn Physical Platinum Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.85
SBSW	Sibanye-Stillwater American Depositary Shares, each representing four ordinary shares	0.75
GLTR	abrdn Physical Precious Metals Basket Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS	0.75

Most inversely correlated with PALL

Symbol	Company	Correlation
ZSL	ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.70
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.69
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.69
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.68
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.67

Frequently asked questions about PALL correlations

Which stocks are most correlated with PALL?: Based on one year of daily returns, the stocks most correlated with abrdn Physical Palladium Shares ETF (PALL) are SPPP (0.92), PLTM (0.85) and PPLT (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with PALL?: Over the past year, the stocks most inversely correlated with abrdn Physical Palladium Shares ETF (PALL) are ZSL (-0.70), JDST (-0.69) and DUST (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these PALL correlations calculated?: We compute the correlation of daily returns between PALL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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