AMBA vs. PIT

Last updated Jun 4, 2026

AMBA (Ambarella, Inc.) is a stock, while PIT (VanEck Commodity Strategy ETF) is Commodities fund actively managed by VanEck. Over the past 3 years, AMBA returned -1.21%/yr vs 24.30%/yr for PIT. At a 0.08 correlation, their price movements are largely independent.

Performance

AMBA vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ambarella, Inc. (AMBA) and VanEck Commodity Strategy ETF (PIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMBA achieves a 4.18% return, which is significantly lower than PIT's 41.36% return.

AMBA

• 1D: -5.84%
• 1M: 4.36%
• YTD: 4.18%
• 6M: 5.26%
• 1Y: 37.00%
• 3Y*: -1.21%
• 5Y*: -5.58%
• 10Y*: 4.73%

PIT

• 1D: 0.58%
• 1M: -2.84%
• YTD: 41.36%
• 6M: 42.58%
• 1Y: 62.93%
• 3Y*: 24.30%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMBA vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AMBA Ambarella, Inc.	4.18%	-2.61%	18.68%	-25.47%	-0.45%
PIT VanEck Commodity Strategy ETF	41.36%	21.63%	6.77%	-4.54%	2.74%

Correlation

The correlation between AMBA and PIT is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Dec 23, 2022	0.08

The correlation between AMBA and PIT shifts across timeframes, from -0.05 (1 year) to 0.08 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

AMBA vs. PIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMBA

AMBA Risk / Return Rank: 58
AMBA Sharpe Ratio Rank: 60
AMBA Sortino Ratio Rank: 58
AMBA Omega Ratio Rank: 60
AMBA Calmar Ratio Rank: 57
AMBA Martin Ratio Rank: 57

PIT

PIT Risk / Return Rank: 87
PIT Sharpe Ratio Rank: 88
PIT Sortino Ratio Rank: 77
PIT Omega Ratio Rank: 84
PIT Calmar Ratio Rank: 93
PIT Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMBA vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ambarella, Inc. (AMBA) and VanEck Commodity Strategy ETF (PIT). 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.

	AMBA	PIT	Difference
Sharpe ratio: Return per unit of total volatility	0.57	2.97	-2.40
Sortino ratio: Return per unit of downside risk	1.17	3.53	-2.36
Omega ratio: Gain probability vs. loss probability	1.17	1.52	-0.35
Calmar ratio: Return relative to maximum drawdown	0.76	6.83	-6.07
Martin ratio: Return relative to average drawdown	1.60	23.27	-21.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMBA vs. PIT - Sharpe Ratio Comparison

The current AMBA Sharpe Ratio is 0.57, which is lower than the PIT Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of AMBA and PIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMBA	PIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	2.97	-2.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	1.07	-0.72

Drawdowns

AMBA vs. PIT - Drawdown Comparison

The maximum AMBA drawdown since its inception was -81.65%, which is greater than PIT's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for AMBA and PIT.

Drawdown Indicators

	AMBA	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-81.65%	-12.27%	-69.38%
Max Drawdown (1Y) Largest decline over 1 year	-49.06%	-9.27%	-39.79%
Max Drawdown (3Y) Largest decline over 3 years	-54.85%	-12.27%	-42.58%
Max Drawdown (5Y) Largest decline over 5 years	-81.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.65%	—	—
Current Drawdown Current decline from peak	-65.97%	-4.56%	-61.41%
Average Drawdown Average peak-to-trough decline	-48.36%	-3.99%	-44.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.14%	2.71%	+20.43%

Volatility

AMBA vs. PIT - Volatility Comparison

Ambarella, Inc. (AMBA) has a higher volatility of 30.62% compared to VanEck Commodity Strategy ETF (PIT) at 6.08%. This indicates that AMBA's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMBA	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.62%	6.08%	+24.54%
Volatility (6M) Calculated over the trailing 6-month period	46.31%	19.02%	+27.29%
Volatility (1Y) Calculated over the trailing 1-year period	65.53%	21.30%	+44.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.82%	17.47%	+45.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.62%	17.47%	+39.15%

Dividends

AMBA vs. PIT - Dividend Comparison

AMBA has not paid dividends to shareholders, while PIT's dividend yield for the trailing twelve months is around 6.31%.

Position	TTM	2025	2024	2023
AMBA Ambarella, Inc.	0.00%	0.00%	0.00%	0.00%
PIT VanEck Commodity Strategy ETF	6.31%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both AMBA and PIT in my portfolio?

AMBA and PIT have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMBA or PIT?

AMBA has higher volatility (30.62%) compared to PIT (6.08%). In terms of maximum drawdown, AMBA dropped -81.65% vs PIT's -12.27%.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (2.97 vs 0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.