ASA vs. PIT
ASA (ASA Gold and Precious Metals Limited) is a stock, while PIT (VanEck Commodity Strategy ETF) is Commodities fund actively managed by VanEck. Over the past 3 years, ASA returned 56.37%/yr vs 18.98%/yr for PIT. At a 0.30 correlation, their price movements are largely independent.
Performance
ASA vs. PIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ASA achieves a -6.04% return, which is significantly lower than PIT's 25.62% return.
ASA
- 1D
- -4.12%
- 1M
- -5.90%
- YTD
- -6.04%
- 6M
- -9.94%
- 1Y
- 70.88%
- 3Y*
- 56.37%
- 5Y*
- 20.85%
- 10Y*
- 15.23%
PIT
- 1D
- -1.32%
- 1M
- -11.78%
- YTD
- 25.62%
- 6M
- 23.58%
- 1Y
- 39.64%
- 3Y*
- 18.98%
- 5Y*
- —
- 10Y*
- —
ASA vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ASA ASA Gold and Precious Metals Limited | -6.04% | 195.60% | 34.55% | 5.38% | -0.76% |
PIT VanEck Commodity Strategy ETF | 25.62% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between ASA and PIT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.30 |
The correlation between ASA and PIT shifts across timeframes, from 0.21 (1 year) to 0.31 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ASA vs. PIT — Risk / Return Rank
ASA
PIT
ASA vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ASA Gold and Precious Metals Limited (ASA) 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.
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.
| ASA | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.62 | -0.62 |
| Martin ratioReturn relative to average drawdown | 5.26 | 10.88 | -5.62 |
Loading charts...
Drawdowns
ASA vs. PIT - Drawdown Comparison
The maximum ASA drawdown since its inception was -80.36%, which is greater than PIT's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for ASA and PIT.
Loading charts...
Drawdown Indicators
| ASA | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.36% | -15.19% | -65.17% |
Max Drawdown (1Y)Largest decline over 1 year | -35.50% | -15.19% | -20.31% |
Max Drawdown (3Y)Largest decline over 3 years | -35.50% | -15.19% | -20.31% |
Max Drawdown (5Y)Largest decline over 5 years | -48.43% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.66% | — | — |
Current DrawdownCurrent decline from peak | -31.03% | -15.19% | -15.84% |
Average DrawdownAverage peak-to-trough decline | -42.52% | -4.08% | -38.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.52% | 3.66% | +9.86% |
Volatility
ASA vs. PIT - Volatility Comparison
ASA Gold and Precious Metals Limited (ASA) has a higher volatility of 18.26% compared to VanEck Commodity Strategy ETF (PIT) at 4.72%. This indicates that ASA'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.
Loading charts...
Volatility by Period
| ASA | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.26% | 4.72% | +13.54% |
Volatility (6M)Calculated over the trailing 6-month period | 41.42% | 19.40% | +22.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.48% | 21.66% | +27.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.61% | 17.50% | +18.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.61% | 17.50% | +18.11% |
Dividends
ASA vs. PIT - Dividend Comparison
ASA's dividend yield for the trailing twelve months is around 0.12%, less than PIT's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASA ASA Gold and Precious Metals Limited | 0.12% | 0.10% | 0.20% | 0.13% | 0.14% | 0.09% | 0.09% | 0.15% | 0.32% | 0.35% | 0.36% | 0.56% |
PIT VanEck Commodity Strategy ETF | 7.10% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASA and PIT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASA has higher volatility (18.26%) compared to PIT (4.72%). In terms of maximum drawdown, ASA dropped -80.36% vs PIT's -15.19%.
PIT currently has the higher Sharpe Ratio (1.85 vs 1.44), 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.
Find the right allocation for ASA and PIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer