CTWO vs. PIT

Last updated Jun 4, 2026

CTWO (COtwo Advisors Physical European Carbon Allowance Trust) and PIT (VanEck Commodity Strategy ETF) are both Commodities funds. At a correlation of -0.05, they often move in opposite directions. CTWO charges 0.79%/yr vs 0.55%/yr for PIT.

Performance

CTWO vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in COtwo Advisors Physical European Carbon Allowance Trust (CTWO) 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, CTWO achieves a -15.24% return, which is significantly lower than PIT's 41.36% return.

CTWO

• 1D: 2.00%
• 1M: 1.51%
• YTD: -15.24%
• 6M: -10.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIT

• 1D: 0.58%
• 1M: -2.84%
• YTD: 41.36%
• 6M: 42.58%
• 1Y: 62.93%
• 3Y*: 24.30%
• 5Y*: —
• 10Y*: —

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

CTWO vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025
CTWO COtwo Advisors Physical European Carbon Allowance Trust	-15.24%	15.78%
PIT VanEck Commodity Strategy ETF	41.36%	8.66%

Correlation

The correlation between CTWO and PIT is -0.05, 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 (All Time) Calculated using the full available price history since Jun 23, 2025	-0.05

Return for Risk

CTWO vs. PIT — Risk / Return Rank

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

PIT

PIT Risk / Return Rank: 87
PIT Sharpe Ratio Rank: 88
PIT Sortino Ratio Rank: 77
PIT Omega Ratio Rank: 84
PIT Calmar Ratio Rank: 93
PIT Martin Ratio Rank: 92

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.

CTWO vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for COtwo Advisors Physical European Carbon Allowance Trust (CTWO) 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.

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

Sharpe Ratios by Period

	CTWO	PIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	1.07	-1.14

Drawdowns

CTWO vs. PIT - Drawdown Comparison

The maximum CTWO drawdown since its inception was -30.13%, which is greater than PIT's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for CTWO and PIT.

Drawdown Indicators

	CTWO	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-30.13%	-12.27%	-17.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.27%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.27%	—
Current Drawdown Current decline from peak	-24.89%	-4.56%	-20.33%
Average Drawdown Average peak-to-trough decline	-9.19%	-3.99%	-5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.71%	—

Volatility

Volatility by Period

	CTWO	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.94%	21.30%	+6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.94%	17.47%	+10.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.94%	17.47%	+10.47%

CTWO vs. PIT - Expense Ratio Comparison

CTWO has a 0.79% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

CTWO vs. PIT - Dividend Comparison

CTWO has not paid dividends to shareholders, while PIT's dividend yield for the trailing twelve months is around 6.31%.

Position	TTM	2025	2024	2023
CTWO COtwo Advisors Physical European Carbon Allowance Trust	0.00%	0.00%	0.00%	0.00%
PIT VanEck Commodity Strategy ETF	6.31%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both CTWO and PIT in my portfolio?

CTWO and PIT have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CTWO 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, CTWO or PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.79% for CTWO.

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

PIT has the higher dividend yield at 6.31%, compared with 0.00% for CTWO.

What is the main difference between CTWO and PIT?

They also come from different issuers: COtwo Advisors and VanEck. Their fees differ too: 0.79% for CTWO and 0.55% for PIT.