- ISIN
- US26922A1319
- Issuer
- ClearShares
- Inception Date
- Oct 1, 2020
- Region
- North America (U.S.)
- Category
- Intermediate Core Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $99M
Share Price Chart
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Performance
PIFI Performance Chart
ClearShares Piton Intermediate Fixed Income ETF (PIFI) is down 0.2% since the beginning of the year. PIFI is currently trading at $94 per share. Investors who bought $1,000 worth of PIFI shares 5 years ago would now be looking at an investment worth $1,054.
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Returns By Period
ClearShares Piton Intermediate Fixed Income ETF (PIFI) has returned -0.18% so far this year and 2.97% over the past 12 months.
ClearShares Piton Intermediate Fixed Income ETF
- 1D
- -0.21%
- 1M
- 0.12%
- YTD
- -0.18%
- 6M
- -0.04%
- 1Y
- 2.97%
- 3Y*
- 3.79%
- 5Y*
- 1.05%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PIFI Monthly Returns History
Based on dividend-adjusted daily data since Oct 2, 2020, PIFI's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +2.5%, while the worst month was Sep 2022 at -2.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PIFI closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +1.3%, while the worst single day was Jun 13, 2022 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.07% | 1.27% | -1.21% | -0.07% | 0.05% | -0.26% | -0.18% | ||||||
| 2025 | 0.39% | 1.33% | 0.43% | 0.96% | -0.38% | 1.05% | -0.24% | 1.17% | 0.39% | 0.39% | 0.72% | -0.08% | 6.29% |
| 2024 | 0.09% | -0.85% | 0.66% | -1.39% | 1.07% | 0.80% | 1.61% | 1.24% | 1.10% | -1.78% | 0.60% | -0.59% | 2.52% |
| 2023 | 1.69% | -1.66% | 2.34% | 0.54% | -0.63% | -0.72% | 0.08% | -0.06% | -1.17% | -0.44% | 2.46% | 2.19% | 4.61% |
| 2022 | -1.18% | -0.49% | -1.96% | -1.72% | 0.59% | -0.89% | 1.65% | -1.85% | -2.70% | -0.42% | 1.87% | -0.18% | -7.15% |
| 2021 | -0.31% | -0.87% | -0.46% | 0.38% | 0.30% | 0.01% | 0.61% | -0.08% | -0.55% | -0.34% | -0.04% | 0.02% | -1.33% |
Benchmark Metrics
ClearShares Piton Intermediate Fixed Income ETF has an annualized alpha of 0.38%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 02, 2020.
- This ETF participated in 19.60% of S&P 500 Index downside but only 9.10% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.38%
- Beta
- 0.03
- R²
- 0.02
- Upside Capture
- 9.10%
- Downside Capture
- 19.60%
Expense Ratio
PIFI has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PIFI ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ClearShares Piton Intermediate Fixed Income ETF (PIFI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PIFI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.78 | -1.23 |
| Martin ratioReturn relative to average drawdown | 4.11 | 12.44 | -8.33 |
Dividends
Dividend History
ClearShares Piton Intermediate Fixed Income ETF provided a 3.76% dividend yield over the last twelve months, with an annual payout of $3.53 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $3.53 | $3.00 | $2.69 | $2.12 | $1.10 | $0.24 |
Dividend yield | 3.76% | 3.16% | 2.92% | 2.29% | 1.22% | 0.25% |
Monthly Dividends
The table displays the monthly dividend distributions for ClearShares Piton Intermediate Fixed Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $0.00 | $0.73 | ||||||
| 2025 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $1.75 | $0.00 | $0.00 | $0.83 | $3.00 |
| 2024 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $1.25 | $2.69 |
| 2023 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $0.65 | $2.12 |
| 2022 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.36 | $1.10 |
| 2021 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.07 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ClearShares Piton Intermediate Fixed Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ClearShares Piton Intermediate Fixed Income ETF was 10.59%, occurring on Oct 20, 2022. Recovery took 473 trading sessions.
The current ClearShares Piton Intermediate Fixed Income ETF drawdown is 1.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -10.59%Oct 2022 | 1y 9mo | 1y 10mo | 3y 8moJan 2021 - Sep 2024 |
2025 pullback2025 | -2.71%Jan 2025 | 3mo 28d | 2mo 17d | 6mo 15dSep 2024 - Mar 2025 |
2026 pullback2026 | -1.93%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2025 selloff2025 | -1.51%Apr 2025 | 4d | 18d | 22dApr 2025 - Apr 2025 |
2025 selloff2025 | -1.24%May 2025 | 13d | 1mo 10d | 1mo 23dMay 2025 - Jun 2025 |
Drawdown Indicators
| PIFI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.59% | -56.78% | +46.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -9.10% | +7.17% |
Max Drawdown (3Y)Largest decline over 3 years | -2.75% | -18.90% | +16.15% |
Max Drawdown (5Y)Largest decline over 5 years | -10.41% | -25.43% | +15.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.49% | -1.80% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -10.71% | +7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 2.03% | -1.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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