CMGG vs. PIT

Last updated Jun 25, 2026

CMGG (Leverage Shares 2X Long CMG Daily ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - CMGG is a Leveraged Equities fund actively managed by Leverage Shares, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. At a correlation of -0.12, they often move in opposite directions. CMGG charges 0.75%/yr vs 0.55%/yr for PIT.

Performance

CMGG vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CMG Daily ETF (CMGG) 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, CMGG achieves a -34.81% return, which is significantly lower than PIT's 22.64% return.

CMGG

• 1D: 4.34%
• 1M: -9.17%
• YTD: -34.81%
• 6M: -37.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIT

• 1D: -2.37%
• 1M: -13.88%
• YTD: 22.64%
• 6M: 20.86%
• 1Y: 39.22%
• 3Y*: 18.03%
• 5Y*: —
• 10Y*: —

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

CMGG vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025
CMGG Leverage Shares 2X Long CMG Daily ETF	-34.81%	36.20%
PIT VanEck Commodity Strategy ETF	22.64%	1.94%

Correlation

The correlation between CMGG and PIT is -0.12, 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 Nov 17, 2025	-0.12

Return for Risk

CMGG vs. PIT — Risk / Return Rank

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

CMGG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PIT

PIT Risk / Return Rank: 59
PIT Sharpe Ratio Rank: 62
PIT Sortino Ratio Rank: 55
PIT Omega Ratio Rank: 60
PIT Calmar Ratio Rank: 52
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.

CMGG vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CMG Daily ETF (CMGG) 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.

	CMGG	PIT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.83	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.29	—
Martin ratio: Return relative to average drawdown	—	10.32	—

Drawdowns

CMGG vs. PIT - Drawdown Comparison

The maximum CMGG drawdown since its inception was -56.75%, which is greater than PIT's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for CMGG and PIT.

Drawdown Indicators

	CMGG	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-56.75%	-17.20%	-39.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.20%	—
Current Drawdown Current decline from peak	-45.94%	-17.20%	-28.74%
Average Drawdown Average peak-to-trough decline	-23.52%	-4.10%	-19.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.81%	—

Volatility

Volatility by Period

	CMGG	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	68.93%	21.68%	+47.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.93%	17.54%	+51.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.93%	17.54%	+51.39%

CMGG vs. PIT - Expense Ratio Comparison

CMGG has a 0.75% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

CMGG vs. PIT - Dividend Comparison

CMGG has not paid dividends to shareholders, while PIT's dividend yield for the trailing twelve months is around 7.27%.

Position	TTM	2025	2024	2023
CMGG Leverage Shares 2X Long CMG Daily ETF	0.00%	0.00%	0.00%	0.00%
PIT VanEck Commodity Strategy ETF	7.27%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both CMGG and PIT in my portfolio?

CMGG and PIT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CMGG or PIT?

On fees, PIT is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CMGG or PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.75% for CMGG.

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

PIT has the higher dividend yield at 7.27%, compared with 0.00% for CMGG.

What is the main difference between CMGG and PIT?

CMGG is categorized as Leveraged Equities, while PIT is Commodities. They also come from different issuers: Leverage Shares and VanEck. Their fees differ too: 0.75% for CMGG and 0.55% for PIT.