EMCB vs. PIT
EMCB (WisdomTree Emerging Markets Corporate Bond Fund) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - EMCB is a Emerging Markets Bonds fund actively managed by WisdomTree, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past 3 years, EMCB returned 7.78%/yr vs 19.51%/yr for PIT. At a 0.00 correlation, their price movements are largely independent. EMCB charges 0.60%/yr vs 0.55%/yr for PIT.
Performance
EMCB vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, EMCB achieves a 2.29% return, which is significantly lower than PIT's 27.31% return.
EMCB
- 1D
- -0.13%
- 1M
- 1.18%
- YTD
- 2.29%
- 6M
- 2.12%
- 1Y
- 6.91%
- 3Y*
- 7.78%
- 5Y*
- 2.18%
- 10Y*
- 4.26%
PIT
- 1D
- -0.75%
- 1M
- -10.60%
- YTD
- 27.31%
- 6M
- 26.74%
- 1Y
- 38.33%
- 3Y*
- 19.51%
- 5Y*
- —
- 10Y*
- —
EMCB vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 2.29% | 8.19% | 7.11% | 8.76% | -0.36% |
PIT VanEck Commodity Strategy ETF | 27.31% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between EMCB 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 (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.00 |
The correlation between EMCB and PIT shifts across timeframes, from -0.11 (1 year) to 0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMCB vs. PIT — Risk / Return Rank
EMCB
PIT
EMCB vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) 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.
| EMCB | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.32 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.74 | -0.48 |
| Martin ratioReturn relative to average drawdown | 7.98 | 10.88 | -2.90 |
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Drawdowns
EMCB vs. PIT - Drawdown Comparison
The maximum EMCB drawdown since its inception was -22.81%, which is greater than PIT's maximum drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for EMCB and PIT.
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Drawdown Indicators
| EMCB | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.81% | -14.05% | -8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -14.05% | +10.98% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -14.05% | +9.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.81% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -14.05% | +13.66% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -4.07% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 3.59% | -2.72% |
Volatility
EMCB vs. PIT - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is 1.47%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.67%. This indicates that EMCB 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.
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Volatility by Period
| EMCB | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 4.67% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 19.36% | -16.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 21.66% | -17.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 17.50% | -10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 17.50% | -9.02% |
EMCB vs. PIT - Expense Ratio Comparison
EMCB has a 0.60% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
EMCB vs. PIT - Dividend Comparison
EMCB's dividend yield for the trailing twelve months is around 5.34%, less than PIT's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMCB WisdomTree Emerging Markets Corporate Bond Fund | 5.34% | 5.47% | 5.29% | 5.09% | 4.04% | 3.43% | 3.85% | 4.17% | 4.20% | 4.04% | 4.08% | 5.09% |
PIT VanEck Commodity Strategy ETF | 7.00% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMCB 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.
PIT has higher volatility (4.67%) compared to EMCB (1.47%). In terms of maximum drawdown, EMCB dropped -22.81% vs PIT's -14.05%.
On 3-year performance, PIT leads with 19.51% vs 7.78% for EMCB. On fees, PIT is cheaper at 0.55% per year. On volatility, EMCB has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PIT has performed better with a 19.51% return vs 7.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PIT is cheaper with a 0.55% expense ratio, compared with 0.60% for EMCB.
PIT has the higher dividend yield at 7.00%, compared with 5.34% for EMCB.
EMCB is categorized as Emerging Markets Bonds, while PIT is Commodities. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.60% for EMCB and 0.55% for PIT.
EMCB currently has the higher Sharpe Ratio (1.83 vs 1.78), 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.
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