- ISIN
- US92189H7715
- Issuer
- VanEck
- Inception Date
- Dec 20, 2022
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $257M
Share Price Chart
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Performance
PIT Performance Chart
VanEck Commodity Strategy ETF (PIT) is up 27.3% since the beginning of the year. PIT is currently trading at $67 per share.
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Returns By Period
VanEck Commodity Strategy ETF (PIT) has returned 27.31% so far this year and 38.33% over the past 12 months.
VanEck Commodity Strategy ETF
- 1D
- -0.75%
- 1M
- -10.60%
- YTD
- 27.31%
- 6M
- 26.74%
- 1Y
- 38.33%
- 3Y*
- 19.51%
- 5Y*
- —
- 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%
PIT Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 2022, PIT's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, an investment would double in approximately 4.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was Mar 2026 with a return of +18.5%, while the worst month was Jun 2026 at -7.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PIT closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +4.4%, while the worst single day was Mar 23, 2026 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.61% | 3.58% | 18.54% | 5.86% | -5.22% | -7.41% | 27.31% | ||||||
| 2025 | 3.62% | -0.75% | 4.78% | -6.24% | 1.35% | 5.23% | 1.87% | 1.93% | 3.51% | 1.74% | 2.21% | 0.99% | 21.63% |
| 2024 | 3.25% | -1.00% | 4.79% | -0.37% | -0.52% | 1.46% | -1.85% | -2.25% | 1.09% | 1.69% | -0.84% | 1.34% | 6.77% |
| 2023 | -1.21% | -4.34% | 0.00% | -0.20% | -6.03% | 4.21% | 9.74% | 0.36% | 1.55% | -1.90% | -1.70% | -4.16% | -4.54% |
| 2022 | 1.67% | 1.67% |
Benchmark Metrics
VanEck Commodity Strategy ETF has an annualized alpha of 12.26%, beta of 0.18, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since December 22, 2022.
- This ETF captured 30.67% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -37.08%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.18 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
- 12.26%
- Beta
- 0.18
- R²
- 0.02
- Upside Capture
- 30.67%
- Downside Capture
- -37.08%
Expense Ratio
PIT has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PIT ranks 55 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) 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.
| PIT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.78 | -0.04 |
| Martin ratioReturn relative to average drawdown | 10.88 | 12.44 | -1.56 |
Dividends
Dividend History
VanEck Commodity Strategy ETF provided a 7.00% dividend yield over the last twelve months, with an annual payout of $4.71 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $4.71 | $4.71 | $1.70 | $2.96 |
Dividend yield | 7.00% | 8.92% | 3.59% | 6.44% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Commodity Strategy 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.71 | $4.71 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.70 | $1.70 |
| 2023 | $2.96 | $2.96 |
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 VanEck Commodity Strategy 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 VanEck Commodity Strategy ETF was 14.05%, occurring on Jun 22, 2026. The portfolio has not yet recovered.
The current VanEck Commodity Strategy ETF drawdown is 14.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -14.05%Jun 2026 | 1mo 10d | — | 1mo 11dMay 2026 - now |
2023 correction2023 | -12.27%Dec 2023 | 2mo 28d | 1y 1mo | 1y 4moSep 2023 - Jan 2025 |
2025 selloff2025 | -11.66%Apr 2025 | 5d | 2mo 6d | 2mo 11dApr 2025 - Jun 2025 |
2023 correction2023 | -11.38%May 2023 | 4mo 28d | 1mo 24d | 6mo 22dJan 2023 - Jul 2023 |
2026 pullback2026 | -9.27%Feb 2026 | 3d | 28d | 1mo 1dJan 2026 - Mar 2026 |
Drawdown Indicators
| PIT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.05% | -56.78% | +42.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | -9.10% | -4.95% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -18.90% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -14.05% | -1.80% | -12.25% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -10.71% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 2.03% | +1.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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