BEDZ vs. PIT

Last updated Jul 14, 2026

BEDZ (AdvisorShares Hotel ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - BEDZ is a Consumer Discretionary Equities fund actively managed by AdvisorShares, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past 3 years, BEDZ returned 13.03%/yr vs 19.62%/yr for PIT. At a correlation of -0.01, they often move in opposite directions. BEDZ charges 0.99%/yr vs 0.55%/yr for PIT.

Performance

BEDZ vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Hotel ETF (BEDZ) 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, BEDZ achieves a 7.87% return, which is significantly lower than PIT's 33.35% return.

BEDZ

• 1D: -0.69%
• 1M: -1.65%
• 6M: 4.21%
• YTD: 7.87%
• 1Y: 9.46%
• 3Y*: 13.03%
• 5Y*: 10.14%
• 10Y*: —

PIT

• 1D: 2.97%
• 1M: 0.66%
• 6M: 27.09%
• YTD: 33.35%
• 1Y: 44.72%
• 3Y*: 19.62%
• 5Y*: —
• 10Y*: —

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

BEDZ vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BEDZ AdvisorShares Hotel ETF	7.87%	3.46%	18.31%	23.88%	-0.16%
PIT VanEck Commodity Strategy ETF	33.35%	21.63%	6.77%	-4.54%	1.67%

Correlation

The correlation between BEDZ and PIT is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (3Y) Calculated over the trailing 3-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	-0.01

Over the past year, the inverse relationship between BEDZ and PIT has strengthened: their correlation has moved from -0.01 to -0.23, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

BEDZ vs. PIT — Risk / Return Rank

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

BEDZ

BEDZ Risk / Return Rank: 19
BEDZ Sharpe Ratio Rank: 18
BEDZ Sortino Ratio Rank: 19
BEDZ Omega Ratio Rank: 17
BEDZ Calmar Ratio Rank: 21
BEDZ Martin Ratio Rank: 20

PIT

PIT Risk / Return Rank: 72
PIT Sharpe Ratio Rank: 81
PIT Sortino Ratio Rank: 73
PIT Omega Ratio Rank: 77
PIT Calmar Ratio Rank: 66
PIT Martin Ratio Rank: 64

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.

BEDZ vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Hotel ETF (BEDZ) 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.

	BEDZ	PIT	Difference
Sharpe ratio: Return per unit of total volatility	0.47	2.04	-1.57
Sortino ratio: Return per unit of downside risk	0.85	2.63	-1.78
Omega ratio: Gain probability vs. loss probability	1.09	1.36	-0.26
Calmar ratio: Return relative to maximum drawdown	0.79	2.61	-1.82
Martin ratio: Return relative to average drawdown	1.83	9.11	-7.28

BEDZ vs. PIT - Sharpe Ratio Comparison

The current BEDZ Sharpe Ratio is 0.47, which is lower than the PIT Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of BEDZ 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.

Drawdowns

BEDZ vs. PIT - Drawdown Comparison

The maximum BEDZ drawdown since its inception was -29.70%, which is greater than PIT's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for BEDZ and PIT.

Drawdown Indicators

	BEDZ	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-29.70%	-17.20%	-12.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.06%	-17.20%	+5.14%
Max Drawdown (3Y) Largest decline over 3 years	-28.31%	-17.20%	-11.11%
Max Drawdown (5Y) Largest decline over 5 years	-29.70%	—	—
Current Drawdown Current decline from peak	-4.75%	-9.97%	+5.22%
Average Drawdown Average peak-to-trough decline	-7.95%	-4.24%	-3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	4.92%	+0.25%

Volatility

BEDZ vs. PIT - Volatility Comparison

The current volatility for AdvisorShares Hotel ETF (BEDZ) is 5.05%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 6.57%. This indicates that BEDZ experiences smaller price fluctuations and is considered to be less risky than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEDZ	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	6.57%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	15.37%	19.74%	-4.37%
Volatility (1Y) Calculated over the trailing 1-year period	20.18%	22.03%	-1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.76%	17.64%	+7.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.71%	17.64%	+7.07%

BEDZ vs. PIT - Expense Ratio Comparison

BEDZ has a 0.99% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

BEDZ vs. PIT - Dividend Comparison

BEDZ's dividend yield for the trailing twelve months is around 2.14%, less than PIT's 6.69% yield.

Position	TTM	2025	2024	2023	2022	2021
BEDZ AdvisorShares Hotel ETF	2.14%	2.31%	0.00%	1.67%	0.21%	0.36%
PIT VanEck Commodity Strategy ETF	6.69%	8.92%	3.59%	6.44%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BEDZ and PIT in my portfolio?

BEDZ and PIT have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BEDZ or PIT?

PIT has higher volatility (6.57%) compared to BEDZ (5.05%). In terms of maximum drawdown, BEDZ dropped -29.70% vs PIT's -17.20%.

Which ETF is better, BEDZ or PIT?

On 3-year performance, PIT leads with 19.62% vs 13.03% for BEDZ. On fees, PIT is cheaper at 0.55% per year. On volatility, BEDZ has been the lower-risk option at 5.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BEDZ or PIT?

Over the 3-year period, PIT has performed better with a 19.62% return vs 13.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BEDZ or PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.99% for BEDZ.

Which ETF pays a higher dividend yield, BEDZ or PIT?

PIT has the higher dividend yield at 6.69%, compared with 2.14% for BEDZ.

What is the main difference between BEDZ and PIT?

BEDZ is categorized as Consumer Discretionary Equities, while PIT is Commodities. They also come from different issuers: AdvisorShares and VanEck. Their fees differ too: 0.99% for BEDZ and 0.55% for PIT.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (2.04 vs 0.47), 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.