DECM vs. PIT

Last updated Jun 20, 2026

DECM (FT Vest U.S. Equity Max Buffer ETF - December) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - DECM is a Defined Outcome fund tracking the S&P 500, while PIT is a Commodities fund actively managed by VanEck. DECM is passively managed, while PIT is actively managed. Over the past year, DECM returned 7.88% vs 39.38% for PIT. At a correlation of -0.06, they often move in opposite directions. DECM charges 0.85%/yr vs 0.55%/yr for PIT.

Performance

DECM vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Max Buffer ETF - December (DECM) 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, DECM achieves a 2.57% return, which is significantly lower than PIT's 28.27% return.

DECM

• 1D: 0.27%
• 1M: 0.25%
• YTD: 2.57%
• 6M: 2.81%
• 1Y: 7.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIT

• 1D: 0.40%
• 1M: -9.92%
• YTD: 28.27%
• 6M: 29.77%
• 1Y: 39.38%
• 3Y*: 18.65%
• 5Y*: —
• 10Y*: —

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

DECM vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DECM FT Vest U.S. Equity Max Buffer ETF - December	2.57%	6.85%	-0.13%
PIT VanEck Commodity Strategy ETF	28.27%	21.63%	1.25%

Correlation

The correlation between DECM and PIT is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	-0.06

Return for Risk

DECM vs. PIT — Risk / Return Rank

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

DECM

DECM Risk / Return Rank: 93
DECM Sharpe Ratio Rank: 94
DECM Sortino Ratio Rank: 96
DECM Omega Ratio Rank: 95
DECM Calmar Ratio Rank: 86
DECM Martin Ratio Rank: 93

PIT

PIT Risk / Return Rank: 57
PIT Sharpe Ratio Rank: 57
PIT Sortino Ratio Rank: 50
PIT Omega Ratio Rank: 55
PIT Calmar Ratio Rank: 60
PIT Martin Ratio Rank: 65

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.

DECM vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - December (DECM) 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.

	DECM	PIT	Difference
Sharpe ratio: Return per unit of total volatility	3.33	1.83	+1.50
Sortino ratio: Return per unit of downside risk	5.21	2.37	+2.84
Omega ratio: Gain probability vs. loss probability	1.74	1.33	+0.41
Calmar ratio: Return relative to maximum drawdown	4.63	2.87	+1.76
Martin ratio: Return relative to average drawdown	23.82	11.34	+12.48

DECM vs. PIT - Sharpe Ratio Comparison

The current DECM Sharpe Ratio is 3.33, which is higher than the PIT Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of DECM 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

DECM vs. PIT - Drawdown Comparison

The maximum DECM drawdown since its inception was -3.00%, smaller than the maximum PIT drawdown of -13.74%. Use the drawdown chart below to compare losses from any high point for DECM and PIT.

Drawdown Indicators

	DECM	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-3.00%	-13.74%	+10.74%
Max Drawdown (1Y) Largest decline over 1 year	-1.71%	-13.74%	+12.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.74%	—
Current Drawdown Current decline from peak	-0.06%	-13.40%	+13.34%
Average Drawdown Average peak-to-trough decline	-0.37%	-4.06%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	3.48%	-3.15%

Volatility

DECM vs. PIT - Volatility Comparison

The current volatility for FT Vest U.S. Equity Max Buffer ETF - December (DECM) is 0.74%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.96%. This indicates that DECM experiences smaller price fluctuations and is considered to be less risky than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DECM	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	4.96%	-4.22%
Volatility (6M) Calculated over the trailing 6-month period	1.91%	19.37%	-17.46%
Volatility (1Y) Calculated over the trailing 1-year period	2.37%	21.60%	-19.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.98%	17.50%	-14.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.98%	17.50%	-14.52%

DECM vs. PIT - Expense Ratio Comparison

DECM has a 0.85% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

DECM vs. PIT - Dividend Comparison

DECM has not paid dividends to shareholders, while PIT's dividend yield for the trailing twelve months is around 6.95%.

Position	TTM	2025	2024	2023
DECM FT Vest U.S. Equity Max Buffer ETF - December	0.00%	0.00%	0.00%	0.00%
PIT VanEck Commodity Strategy ETF	6.95%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both DECM and PIT in my portfolio?

DECM and PIT have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DECM or PIT?

PIT has higher volatility (4.96%) compared to DECM (0.74%). In terms of maximum drawdown, DECM dropped -3.00% vs PIT's -13.74%.

Which ETF is better, DECM or PIT?

On 1-year performance, PIT leads with 39.38% vs 7.88% for DECM. On fees, PIT is cheaper at 0.55% per year. On volatility, DECM has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECM or PIT?

Over the 1-year period, PIT has performed better with a 39.38% return vs 7.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECM or PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.85% for DECM.

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

PIT has the higher dividend yield at 6.95%, compared with 0.00% for DECM.

What is the main difference between DECM and PIT?

DECM is categorized as Defined Outcome, while PIT is Commodities. They also come from different issuers: FT Vest and VanEck. Their fees differ too: 0.85% for DECM and 0.55% for PIT.

Which has better risk-adjusted returns?

DECM currently has the higher Sharpe Ratio (3.33 vs 1.83), 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.