BTOT vs. PIT
BTOT (iShares Total USD Fixed Income Market ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - BTOT is a Total Bond Market fund tracking the Bloomberg US Total Fixed Income Market Index, while PIT is a Commodities fund actively managed by VanEck. BTOT is passively managed, while PIT is actively managed. At a correlation of -0.42, they often move in opposite directions. BTOT charges 0.09%/yr vs 0.55%/yr for PIT.
Performance
BTOT vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, BTOT achieves a 0.62% return, which is significantly lower than PIT's 25.62% return.
BTOT
- 1D
- 0.08%
- 1M
- 0.66%
- YTD
- 0.62%
- 6M
- 0.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PIT
- 1D
- -1.32%
- 1M
- -11.78%
- YTD
- 25.62%
- 6M
- 23.58%
- 1Y
- 39.64%
- 3Y*
- 18.98%
- 5Y*
- —
- 10Y*
- —
BTOT vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 0.62% | 0.12% |
PIT VanEck Commodity Strategy ETF | 25.62% | 0.56% |
Correlation
The correlation between BTOT and PIT is -0.42, 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 (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.42 |
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Return for Risk
BTOT vs. PIT — Risk / Return Rank
BTOT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PIT
BTOT vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) 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.
| BTOT | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.62 | — |
| Martin ratioReturn relative to average drawdown | — | 10.88 | — |
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Drawdowns
BTOT vs. PIT - Drawdown Comparison
The maximum BTOT drawdown since its inception was -2.36%, smaller than the maximum PIT drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for BTOT and PIT.
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Drawdown Indicators
| BTOT | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -15.19% | +12.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.19% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.19% | — |
Current DrawdownCurrent decline from peak | -0.96% | -15.19% | +14.23% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -4.08% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.66% | — |
Volatility
BTOT vs. PIT - Volatility Comparison
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Volatility by Period
| BTOT | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 21.66% | -17.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.70% | 17.50% | -13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.70% | 17.50% | -13.80% |
BTOT vs. PIT - Expense Ratio Comparison
BTOT has a 0.09% expense ratio, which is lower than PIT's 0.55% expense ratio.
Dividends
BTOT vs. PIT - Dividend Comparison
BTOT's dividend yield for the trailing twelve months is around 2.12%, less than PIT's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 2.12% | 0.22% | 0.00% | 0.00% |
PIT VanEck Commodity Strategy ETF | 7.10% | 8.92% | 3.59% | 6.44% |
Frequently Asked Questions
BTOT and PIT have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTOT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTOT is cheaper with a 0.09% expense ratio, compared with 0.55% for PIT.
PIT has the higher dividend yield at 7.10%, compared with 2.12% for BTOT.
BTOT is categorized as Total Bond Market, while PIT is Commodities. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.09% for BTOT and 0.55% for PIT.
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