BINC vs. PIT
BINC (iShares Flexible Income Active ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - BINC is a Multisector Bonds fund actively managed by iShares, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past 3 years, BINC returned 7.12%/yr vs 18.98%/yr for PIT. At a correlation of -0.05, they often move in opposite directions. BINC charges 0.40%/yr vs 0.55%/yr for PIT.
Performance
BINC vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, BINC achieves a 1.29% return, which is significantly lower than PIT's 25.62% return.
BINC
- 1D
- 0.06%
- 1M
- 0.69%
- YTD
- 1.29%
- 6M
- 1.50%
- 1Y
- 5.52%
- 3Y*
- 7.12%
- 5Y*
- —
- 10Y*
- —
PIT
- 1D
- -1.32%
- 1M
- -11.78%
- YTD
- 25.62%
- 6M
- 23.58%
- 1Y
- 39.64%
- 3Y*
- 18.98%
- 5Y*
- —
- 10Y*
- —
BINC vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 1.29% | 7.57% | 5.76% | 7.12% |
PIT VanEck Commodity Strategy ETF | 25.62% | 21.63% | 6.77% | 4.56% |
Correlation
The correlation between BINC and PIT is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | -0.05 |
Over the past year, the inverse relationship between BINC and PIT has strengthened: their correlation has moved from -0.05 to -0.25, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BINC vs. PIT — Risk / Return Rank
BINC
PIT
BINC vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) 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.
| BINC | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.33 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.62 | -0.56 |
| Martin ratioReturn relative to average drawdown | 8.04 | 10.88 | -2.84 |
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Drawdowns
BINC vs. PIT - Drawdown Comparison
The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum PIT drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for BINC and PIT.
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Drawdown Indicators
| BINC | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -15.19% | +12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -15.19% | +12.50% |
Max Drawdown (3Y)Largest decline over 3 years | -2.69% | -15.19% | +12.50% |
Current DrawdownCurrent decline from peak | -0.10% | -15.19% | +15.09% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -4.08% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 3.66% | -2.97% |
Volatility
BINC vs. PIT - Volatility Comparison
The current volatility for iShares Flexible Income Active ETF (BINC) is 0.58%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.72%. This indicates that BINC 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.
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Volatility by Period
| BINC | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 4.72% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 19.40% | -17.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.30% | 21.66% | -19.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 17.50% | -14.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 17.50% | -14.51% |
BINC vs. PIT - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is lower than PIT's 0.55% expense ratio.
Dividends
BINC vs. PIT - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.84%, less than PIT's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.84% | 5.86% | 6.14% | 3.13% |
PIT VanEck Commodity Strategy ETF | 7.10% | 8.92% | 3.59% | 6.44% |
Frequently Asked Questions
BINC and PIT have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIT has higher volatility (4.72%) compared to BINC (0.58%). In terms of maximum drawdown, BINC dropped -2.69% vs PIT's -15.19%.
On 3-year performance, PIT leads with 18.98% vs 7.12% for BINC. On fees, BINC is cheaper at 0.40% per year. On volatility, BINC has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PIT has performed better with a 18.98% return vs 7.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BINC is cheaper with a 0.40% expense ratio, compared with 0.55% for PIT.
PIT has the higher dividend yield at 7.10%, compared with 5.84% for BINC.
BINC is categorized as Multisector Bonds, while PIT is Commodities. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for BINC and 0.55% for PIT.
BINC currently has the higher Sharpe Ratio (2.41 vs 1.85), 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.
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