DMXF vs. PIT

Last updated Jun 23, 2026

DMXF (iShares ESG Advanced MSCI EAFE ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - DMXF is a Foreign Large Cap Equities fund tracking the MSCI EAFE Choice ESG Screened Index, while PIT is a Commodities fund actively managed by VanEck. DMXF is passively managed, while PIT is actively managed. Over the past 3 years, DMXF returned 16.50%/yr vs 19.51%/yr for PIT. At a 0.09 correlation, their price movements are largely independent. DMXF charges 0.12%/yr vs 0.55%/yr for PIT.

Performance

DMXF vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Advanced MSCI EAFE ETF (DMXF) 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, DMXF achieves a 14.88% return, which is significantly lower than PIT's 27.31% return.

DMXF

• 1D: 0.16%
• 1M: 4.03%
• YTD: 14.88%
• 6M: 14.42%
• 1Y: 24.45%
• 3Y*: 16.50%
• 5Y*: 7.79%
• 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)

DMXF vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DMXF iShares ESG Advanced MSCI EAFE ETF	14.88%	22.07%	3.99%	20.52%	-0.53%
PIT VanEck Commodity Strategy ETF	27.31%	21.63%	6.77%	-4.54%	1.67%

Correlation

The correlation between DMXF and PIT is -0.13, 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	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.09

The correlation between DMXF and PIT shifts across timeframes, from -0.13 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DMXF vs. PIT — Risk / Return Rank

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

DMXF

DMXF Risk / Return Rank: 44
DMXF Sharpe Ratio Rank: 43
DMXF Sortino Ratio Rank: 43
DMXF Omega Ratio Rank: 41
DMXF Calmar Ratio Rank: 43
DMXF Martin Ratio Rank: 47

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.

DMXF vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EAFE ETF (DMXF) 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.

	DMXF	PIT	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.78	-0.31
Sortino ratio: Return per unit of downside risk	2.12	2.32	-0.19
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	2.07	2.74	-0.67
Martin ratio: Return relative to average drawdown	7.75	10.88	-3.13

DMXF vs. PIT - Sharpe Ratio Comparison

The current DMXF Sharpe Ratio is 1.47, which is comparable to the PIT Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of DMXF 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

DMXF vs. PIT - Drawdown Comparison

The maximum DMXF drawdown since its inception was -34.52%, which is greater than PIT's maximum drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for DMXF and PIT.

Drawdown Indicators

	DMXF	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-34.52%	-14.05%	-20.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-14.05%	+2.21%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-14.05%	-2.49%
Max Drawdown (5Y) Largest decline over 5 years	-34.52%	—	—
Current Drawdown Current decline from peak	0.00%	-14.05%	+14.05%
Average Drawdown Average peak-to-trough decline	-7.61%	-4.07%	-3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.59%	-0.43%

Volatility

DMXF vs. PIT - Volatility Comparison

iShares ESG Advanced MSCI EAFE ETF (DMXF) has a higher volatility of 5.58% compared to VanEck Commodity Strategy ETF (PIT) at 4.67%. This indicates that DMXF's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMXF	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	4.67%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	14.14%	19.36%	-5.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	21.66%	-4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	17.50%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	17.50%	-0.19%

DMXF vs. PIT - Expense Ratio Comparison

DMXF has a 0.12% expense ratio, which is lower than PIT's 0.55% expense ratio.

Dividends

DMXF vs. PIT - Dividend Comparison

DMXF's dividend yield for the trailing twelve months is around 4.15%, less than PIT's 7.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DMXF iShares ESG Advanced MSCI EAFE ETF	4.15%	4.85%	2.92%	2.29%	2.37%	1.91%	0.31%
PIT VanEck Commodity Strategy ETF	7.00%	8.92%	3.59%	6.44%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DMXF and PIT in my portfolio?

DMXF and PIT have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DMXF or PIT?

DMXF has higher volatility (5.58%) compared to PIT (4.67%). In terms of maximum drawdown, DMXF dropped -34.52% vs PIT's -14.05%.

Which ETF is better, DMXF or PIT?

On 3-year performance, PIT leads with 19.51% vs 16.50% for DMXF. On fees, DMXF is cheaper at 0.12% per year. On volatility, PIT has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DMXF or PIT?

Over the 3-year period, PIT has performed better with a 19.51% return vs 16.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DMXF or PIT?

DMXF is cheaper with a 0.12% expense ratio, compared with 0.55% for PIT.

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

PIT has the higher dividend yield at 7.00%, compared with 4.15% for DMXF.

What is the main difference between DMXF and PIT?

DMXF is categorized as Foreign Large Cap Equities, while PIT is Commodities. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.12% for DMXF and 0.55% for PIT.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (1.78 vs 1.47), 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.