EVSD vs. PIT

Last updated Jun 23, 2026

EVSD (Eaton Vance Short Duration Income ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - EVSD is a Short-Term Bond fund actively managed by Eaton Vance, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past year, EVSD returned 4.46% vs 38.33% for PIT. At a correlation of -0.16, they often move in opposite directions. EVSD charges 0.24%/yr vs 0.55%/yr for PIT.

Performance

EVSD vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Short Duration Income ETF (EVSD) 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, EVSD achieves a 0.80% return, which is significantly lower than PIT's 27.31% return.

EVSD

• 1D: -0.05%
• 1M: 0.27%
• YTD: 0.80%
• 6M: 0.98%
• 1Y: 4.46%
• 3Y*: —
• 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)

EVSD vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVSD Eaton Vance Short Duration Income ETF	0.80%	6.80%	3.86%
PIT VanEck Commodity Strategy ETF	27.31%	21.63%	0.31%

Correlation

The correlation between EVSD and PIT is -0.25, 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	-0.25
Correlation (All Time) Calculated using the full available price history since Jun 17, 2024	-0.16

Return for Risk

EVSD vs. PIT — Risk / Return Rank

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

EVSD

EVSD Risk / Return Rank: 85
EVSD Sharpe Ratio Rank: 89
EVSD Sortino Ratio Rank: 94
EVSD Omega Ratio Rank: 92
EVSD Calmar Ratio Rank: 72
EVSD Martin Ratio Rank: 79

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.

EVSD vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) 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.

	EVSD	PIT	Difference
Sharpe ratio: Return per unit of total volatility	2.87	1.78	+1.08
Sortino ratio: Return per unit of downside risk	4.49	2.32	+2.17
Omega ratio: Gain probability vs. loss probability	1.60	1.32	+0.28
Calmar ratio: Return relative to maximum drawdown	3.55	2.74	+0.81
Martin ratio: Return relative to average drawdown	14.80	10.88	+3.92

EVSD vs. PIT - Sharpe Ratio Comparison

The current EVSD Sharpe Ratio is 2.87, which is higher than the PIT Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of EVSD 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

EVSD vs. PIT - Drawdown Comparison

The maximum EVSD drawdown since its inception was -1.26%, smaller than the maximum PIT drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for EVSD and PIT.

Drawdown Indicators

	EVSD	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-1.26%	-14.05%	+12.79%
Max Drawdown (1Y) Largest decline over 1 year	-1.26%	-14.05%	+12.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.05%	—
Current Drawdown Current decline from peak	-0.23%	-14.05%	+13.82%
Average Drawdown Average peak-to-trough decline	-0.19%	-4.07%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	3.59%	-3.29%

Volatility

EVSD vs. PIT - Volatility Comparison

The current volatility for Eaton Vance Short Duration Income ETF (EVSD) is 0.54%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.67%. This indicates that EVSD 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

	EVSD	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	4.67%	-4.13%
Volatility (6M) Calculated over the trailing 6-month period	1.22%	19.36%	-18.14%
Volatility (1Y) Calculated over the trailing 1-year period	1.57%	21.66%	-20.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.95%	17.50%	-15.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.95%	17.50%	-15.55%

EVSD vs. PIT - Expense Ratio Comparison

EVSD has a 0.24% expense ratio, which is lower than PIT's 0.55% expense ratio.

Dividends

EVSD vs. PIT - Dividend Comparison

EVSD's dividend yield for the trailing twelve months is around 4.62%, less than PIT's 7.00% yield.

Position	TTM	2025	2024	2023
EVSD Eaton Vance Short Duration Income ETF	4.62%	4.64%	2.91%	0.00%
PIT VanEck Commodity Strategy ETF	7.00%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both EVSD and PIT in my portfolio?

EVSD and PIT have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVSD or PIT?

PIT has higher volatility (4.67%) compared to EVSD (0.54%). In terms of maximum drawdown, EVSD dropped -1.26% vs PIT's -14.05%.

Which ETF is better, EVSD or PIT?

On 1-year performance, PIT leads with 38.33% vs 4.46% for EVSD. On fees, EVSD is cheaper at 0.24% per year. On volatility, EVSD has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EVSD or PIT?

Over the 1-year period, PIT has performed better with a 38.33% return vs 4.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVSD or PIT?

EVSD is cheaper with a 0.24% expense ratio, compared with 0.55% for PIT.

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

PIT has the higher dividend yield at 7.00%, compared with 4.62% for EVSD.

What is the main difference between EVSD and PIT?

EVSD is categorized as Short-Term Bond, while PIT is Commodities. They also come from different issuers: Eaton Vance and VanEck. Their fees differ too: 0.24% for EVSD and 0.55% for PIT.

Which has better risk-adjusted returns?

EVSD currently has the higher Sharpe Ratio (2.87 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.