CRED vs. PIT

Last updated Jun 23, 2026

CRED (Columbia Research Enhanced Real Estate ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - CRED is a REIT fund tracking the Beta Advantage Lionstone Research Enhanced REIT Index - Benchmark TR Gross, while PIT is a Commodities fund actively managed by VanEck. CRED is passively managed, while PIT is actively managed. Over the past 3 years, CRED returned 10.63%/yr vs 19.51%/yr for PIT. At a 0.01 correlation, their price movements are largely independent. CRED charges 0.33%/yr vs 0.55%/yr for PIT.

Performance

CRED vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Real Estate ETF (CRED) 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, CRED achieves a 14.93% return, which is significantly lower than PIT's 27.31% return.

CRED

• 1D: 1.10%
• 1M: 0.50%
• YTD: 14.93%
• 6M: 16.10%
• 1Y: 10.84%
• 3Y*: 10.63%
• 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)

CRED vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CRED Columbia Research Enhanced Real Estate ETF	14.93%	-2.30%	5.21%	12.70%
PIT VanEck Commodity Strategy ETF	27.31%	21.63%	6.77%	0.44%

Correlation

The correlation between CRED and PIT is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Apr 26, 2023	0.01

Return for Risk

CRED vs. PIT — Risk / Return Rank

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

CRED

CRED Risk / Return Rank: 24
CRED Sharpe Ratio Rank: 24
CRED Sortino Ratio Rank: 22
CRED Omega Ratio Rank: 22
CRED Calmar Ratio Rank: 27
CRED Martin Ratio Rank: 23

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.

CRED vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Real Estate ETF (CRED) 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.

	CRED	PIT	Difference
Sharpe ratio: Return per unit of total volatility	0.82	1.78	-0.96
Sortino ratio: Return per unit of downside risk	1.18	2.32	-1.14
Omega ratio: Gain probability vs. loss probability	1.15	1.32	-0.17
Calmar ratio: Return relative to maximum drawdown	1.31	2.74	-1.43
Martin ratio: Return relative to average drawdown	2.95	10.88	-7.93

CRED vs. PIT - Sharpe Ratio Comparison

The current CRED Sharpe Ratio is 0.82, which is lower than the PIT Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of CRED 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

CRED vs. PIT - Drawdown Comparison

The maximum CRED drawdown since its inception was -17.59%, which is greater than PIT's maximum drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for CRED and PIT.

Drawdown Indicators

	CRED	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-17.59%	-14.05%	-3.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-14.05%	+5.73%
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	-14.05%	-3.54%
Current Drawdown Current decline from peak	-1.25%	-14.05%	+12.80%
Average Drawdown Average peak-to-trough decline	-5.57%	-4.07%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	3.59%	+0.09%

Volatility

CRED vs. PIT - Volatility Comparison

Columbia Research Enhanced Real Estate ETF (CRED) and VanEck Commodity Strategy ETF (PIT) have volatilities of 4.69% 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

	CRED	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	4.67%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	19.36%	-9.34%
Volatility (1Y) Calculated over the trailing 1-year period	13.34%	21.66%	-8.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	17.50%	-1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	17.50%	-1.23%

CRED vs. PIT - Expense Ratio Comparison

CRED has a 0.33% expense ratio, which is lower than PIT's 0.55% expense ratio.

Dividends

CRED vs. PIT - Dividend Comparison

CRED's dividend yield for the trailing twelve months is around 4.43%, less than PIT's 7.00% yield.

Position	TTM	2025	2024	2023
CRED Columbia Research Enhanced Real Estate ETF	4.43%	5.50%	4.82%	2.72%
PIT VanEck Commodity Strategy ETF	7.00%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both CRED and PIT in my portfolio?

CRED and PIT have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRED or PIT?

CRED has higher volatility (4.69%) compared to PIT (4.67%). In terms of maximum drawdown, CRED dropped -17.59% vs PIT's -14.05%.

Which ETF is better, CRED or PIT?

On 3-year performance, PIT leads with 19.51% vs 10.63% for CRED. On fees, CRED is cheaper at 0.33% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRED or PIT?

Over the 3-year period, PIT has performed better with a 19.51% return vs 10.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRED or PIT?

CRED is cheaper with a 0.33% expense ratio, compared with 0.55% for PIT.

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

PIT has the higher dividend yield at 7.00%, compared with 4.43% for CRED.

What is the main difference between CRED and PIT?

CRED is categorized as REIT, while PIT is Commodities. They also come from different issuers: Columbia and VanEck. Their fees differ too: 0.33% for CRED and 0.55% for PIT.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (1.78 vs 0.82), 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.