BWTG vs. PIT

Last updated Jun 23, 2026

BWTG (Brendan Wood TopGun ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - BWTG is a Large Cap Blend Equities fund actively managed by Brendan Wood, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past year, BWTG returned 22.10% vs 38.33% for PIT. At a correlation of -0.02, they often move in opposite directions. BWTG charges 0.95%/yr vs 0.55%/yr for PIT.

Performance

BWTG vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brendan Wood TopGun ETF (BWTG) 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, BWTG achieves a 8.30% return, which is significantly lower than PIT's 27.31% return.

BWTG

• 1D: 0.24%
• 1M: 4.25%
• YTD: 8.30%
• 6M: 8.74%
• 1Y: 22.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIT

• 1D: -0.75%
• 1M: -10.60%
• YTD: 27.31%
• 6M: 26.74%
• 1Y: 38.33%
• 3Y*: 19.51%
• 5Y*: —
• 10Y*: —

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

BWTG vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BWTG Brendan Wood TopGun ETF	8.30%	16.45%	20.68%	11.17%
PIT VanEck Commodity Strategy ETF	27.31%	21.63%	6.77%	-3.05%

Correlation

The correlation between BWTG and PIT is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	-0.02

The correlation between BWTG and PIT shifts across timeframes, from -0.16 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BWTG vs. PIT — Risk / Return Rank

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

BWTG

BWTG Risk / Return Rank: 54
BWTG Sharpe Ratio Rank: 55
BWTG Sortino Ratio Rank: 55
BWTG Omega Ratio Rank: 53
BWTG Calmar Ratio Rank: 47
BWTG Martin Ratio Rank: 58

PIT

PIT Risk / Return Rank: 55
PIT Sharpe Ratio Rank: 54
PIT Sortino Ratio Rank: 48
PIT Omega Ratio Rank: 52
PIT Calmar Ratio Rank: 57
PIT Martin Ratio Rank: 62

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.

BWTG vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brendan Wood TopGun ETF (BWTG) 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.

	BWTG	PIT	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.78	+0.05
Sortino ratio: Return per unit of downside risk	2.57	2.32	+0.26
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	2.24	2.74	-0.51
Martin ratio: Return relative to average drawdown	9.94	10.88	-0.94

BWTG vs. PIT - Sharpe Ratio Comparison

The current BWTG Sharpe Ratio is 1.83, which is comparable to the PIT Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of BWTG 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

BWTG vs. PIT - Drawdown Comparison

The maximum BWTG drawdown since its inception was -13.18%, smaller than the maximum PIT drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for BWTG and PIT.

Drawdown Indicators

	BWTG	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-13.18%	-14.05%	+0.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-14.05%	+4.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.05%	—
Current Drawdown Current decline from peak	0.00%	-14.05%	+14.05%
Average Drawdown Average peak-to-trough decline	-1.75%	-4.07%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	3.59%	-1.36%

Volatility

BWTG vs. PIT - Volatility Comparison

Brendan Wood TopGun ETF (BWTG) and VanEck Commodity Strategy ETF (PIT) have volatilities of 4.48% and 4.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWTG	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.67%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	19.36%	-9.37%
Volatility (1Y) Calculated over the trailing 1-year period	12.16%	21.66%	-9.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	17.50%	-3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.08%	17.50%	-3.42%

BWTG vs. PIT - Expense Ratio Comparison

BWTG has a 0.95% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

BWTG vs. PIT - Dividend Comparison

BWTG's dividend yield for the trailing twelve months is around 0.32%, less than PIT's 7.00% yield.

Position	TTM	2025	2024	2023
BWTG Brendan Wood TopGun ETF	0.32%	0.35%	0.25%	0.19%
PIT VanEck Commodity Strategy ETF	7.00%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both BWTG and PIT in my portfolio?

BWTG and PIT have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWTG or PIT?

PIT has higher volatility (4.67%) compared to BWTG (4.48%). In terms of maximum drawdown, BWTG dropped -13.18% vs PIT's -14.05%.

Which ETF is better, BWTG or PIT?

On 1-year performance, PIT leads with 38.33% vs 22.10% for BWTG. On fees, PIT is cheaper at 0.55% per year. On volatility, BWTG has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BWTG or PIT?

Over the 1-year period, PIT has performed better with a 38.33% return vs 22.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BWTG or PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.95% for BWTG.

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

PIT has the higher dividend yield at 7.00%, compared with 0.32% for BWTG.

What is the main difference between BWTG and PIT?

BWTG is categorized as Large Cap Blend Equities, while PIT is Commodities. They also come from different issuers: Brendan Wood and VanEck. Their fees differ too: 0.95% for BWTG and 0.55% for PIT.

Which has better risk-adjusted returns?

BWTG currently has the higher Sharpe Ratio (1.83 vs 1.78), 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.