EQTY vs. PIT

Last updated Jun 23, 2026

EQTY (Kovitz Core Equity ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - EQTY is a Large Cap Blend Equities fund tracking the NONE, while PIT is a Commodities fund actively managed by VanEck. EQTY is passively managed, while PIT is actively managed. Over the past 3 years, EQTY returned 15.14%/yr vs 19.51%/yr for PIT. At a 0.06 correlation, their price movements are largely independent. EQTY charges 0.99%/yr vs 0.55%/yr for PIT.

Performance

EQTY vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kovitz Core Equity ETF (EQTY) 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, EQTY achieves a 1.36% return, which is significantly lower than PIT's 27.31% return.

EQTY

• 1D: -1.16%
• 1M: -0.62%
• YTD: 1.36%
• 6M: 0.91%
• 1Y: 13.79%
• 3Y*: 15.14%
• 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)

EQTY vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EQTY Kovitz Core Equity ETF	1.36%	13.63%	19.89%	26.97%	-0.11%
PIT VanEck Commodity Strategy ETF	27.31%	21.63%	6.77%	-4.54%	1.67%

Correlation

The correlation between EQTY and PIT is -0.10, 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	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.06

The correlation between EQTY and PIT shifts across timeframes, from -0.10 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EQTY vs. PIT — Risk / Return Rank

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

EQTY

EQTY Risk / Return Rank: 29
EQTY Sharpe Ratio Rank: 30
EQTY Sortino Ratio Rank: 29
EQTY Omega Ratio Rank: 28
EQTY Calmar Ratio Rank: 25
EQTY Martin Ratio Rank: 31

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.

EQTY vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kovitz Core Equity ETF (EQTY) 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.

	EQTY	PIT	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.78	-0.72
Sortino ratio: Return per unit of downside risk	1.55	2.32	-0.77
Omega ratio: Gain probability vs. loss probability	1.19	1.32	-0.13
Calmar ratio: Return relative to maximum drawdown	1.17	2.74	-1.57
Martin ratio: Return relative to average drawdown	4.31	10.88	-6.57

EQTY vs. PIT - Sharpe Ratio Comparison

The current EQTY Sharpe Ratio is 1.06, which is lower than the PIT Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of EQTY 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

EQTY vs. PIT - Drawdown Comparison

The maximum EQTY drawdown since its inception was -17.28%, which is greater than PIT's maximum drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for EQTY and PIT.

Drawdown Indicators

	EQTY	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-17.28%	-14.05%	-3.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-14.05%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-17.28%	-14.05%	-3.23%
Current Drawdown Current decline from peak	-2.75%	-14.05%	+11.30%
Average Drawdown Average peak-to-trough decline	-2.69%	-4.07%	+1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	3.59%	-0.38%

Volatility

EQTY vs. PIT - Volatility Comparison

The current volatility for Kovitz Core Equity ETF (EQTY) is 4.16%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.67%. This indicates that EQTY 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

	EQTY	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	4.67%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	19.36%	-9.35%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	21.66%	-8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	17.50%	-2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.98%	17.50%	-2.52%

EQTY vs. PIT - Expense Ratio Comparison

EQTY has a 0.99% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

EQTY vs. PIT - Dividend Comparison

EQTY's dividend yield for the trailing twelve months is around 0.02%, less than PIT's 7.00% yield.

Position	TTM	2025	2024	2023	2022
EQTY Kovitz Core Equity ETF	0.02%	0.02%	0.33%	0.26%	0.08%
PIT VanEck Commodity Strategy ETF	7.00%	8.92%	3.59%	6.44%	0.00%

Frequently Asked Questions

Can I hold both EQTY and PIT in my portfolio?

EQTY and PIT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQTY or PIT?

PIT has higher volatility (4.67%) compared to EQTY (4.16%). In terms of maximum drawdown, EQTY dropped -17.28% vs PIT's -14.05%.

Which ETF is better, EQTY or PIT?

On 3-year performance, PIT leads with 19.51% vs 15.14% for EQTY. On fees, PIT is cheaper at 0.55% per year. On volatility, EQTY has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQTY or PIT?

Over the 3-year period, PIT has performed better with a 19.51% return vs 15.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQTY or PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.99% for EQTY.

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

PIT has the higher dividend yield at 7.00%, compared with 0.02% for EQTY.

What is the main difference between EQTY and PIT?

EQTY is categorized as Large Cap Blend Equities, while PIT is Commodities. They also come from different issuers: Kovitz and VanEck. Their fees differ too: 0.99% for EQTY and 0.55% for PIT.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (1.78 vs 1.06), 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.