FSYD vs. PIT

Last updated Jun 24, 2026

FSYD (Fidelity Sustainable High Yield ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - FSYD is a High Yield Bonds fund actively managed by Fidelity, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past 3 years, FSYD returned 9.71%/yr vs 18.98%/yr for PIT. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.

Performance

FSYD vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Sustainable High Yield ETF (FSYD) 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, FSYD achieves a 3.40% return, which is significantly lower than PIT's 25.62% return.

FSYD

• 1D: -0.11%
• 1M: 0.47%
• YTD: 3.40%
• 6M: 3.65%
• 1Y: 9.25%
• 3Y*: 9.71%
• 5Y*: —
• 10Y*: —

PIT

• 1D: -1.32%
• 1M: -11.78%
• YTD: 25.62%
• 6M: 23.58%
• 1Y: 39.64%
• 3Y*: 18.98%
• 5Y*: —
• 10Y*: —

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

FSYD vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FSYD Fidelity Sustainable High Yield ETF	3.40%	9.09%	8.74%	12.22%	-1.08%
PIT VanEck Commodity Strategy ETF	25.62%	21.63%	6.77%	-4.54%	1.67%

Correlation

The correlation between FSYD and PIT is -0.15, 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	-0.15
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	0.06

The correlation between FSYD and PIT shifts across timeframes, from -0.15 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSYD vs. PIT — Risk / Return Rank

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

FSYD

FSYD Risk / Return Rank: 77
FSYD Sharpe Ratio Rank: 75
FSYD Sortino Ratio Rank: 83
FSYD Omega Ratio Rank: 80
FSYD Calmar Ratio Rank: 72
FSYD Martin Ratio Rank: 77

PIT

PIT Risk / Return Rank: 57
PIT Sharpe Ratio Rank: 59
PIT Sortino Ratio Rank: 52
PIT Omega Ratio Rank: 56
PIT Calmar Ratio Rank: 56
PIT Martin Ratio Rank: 63

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.

FSYD vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable High Yield ETF (FSYD) 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.

	FSYD	PIT	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.85	+0.41
Sortino ratio: Return per unit of downside risk	3.45	2.40	+1.05
Omega ratio: Gain probability vs. loss probability	1.45	1.33	+0.12
Calmar ratio: Return relative to maximum drawdown	3.47	2.62	+0.85
Martin ratio: Return relative to average drawdown	13.85	10.88	+2.96

FSYD vs. PIT - Sharpe Ratio Comparison

The current FSYD Sharpe Ratio is 2.26, which is comparable to the PIT Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FSYD 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

FSYD vs. PIT - Drawdown Comparison

The maximum FSYD drawdown since its inception was -12.11%, smaller than the maximum PIT drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for FSYD and PIT.

Drawdown Indicators

	FSYD	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-12.11%	-15.19%	+3.08%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-15.19%	+12.52%
Max Drawdown (3Y) Largest decline over 3 years	-5.49%	-15.19%	+9.70%
Current Drawdown Current decline from peak	-0.38%	-15.19%	+14.81%
Average Drawdown Average peak-to-trough decline	-2.38%	-4.08%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	3.66%	-2.99%

Volatility

FSYD vs. PIT - Volatility Comparison

The current volatility for Fidelity Sustainable High Yield ETF (FSYD) is 0.98%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.72%. This indicates that FSYD 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

	FSYD	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	4.72%	-3.74%
Volatility (6M) Calculated over the trailing 6-month period	3.17%	19.40%	-16.23%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	21.66%	-17.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.81%	17.50%	-9.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.81%	17.50%	-9.69%

FSYD vs. PIT - Expense Ratio Comparison

Both FSYD and PIT have an expense ratio of 0.55%.

Dividends

FSYD vs. PIT - Dividend Comparison

FSYD's dividend yield for the trailing twelve months is around 6.32%, less than PIT's 7.10% yield.

Position	TTM	2025	2024	2023	2022
FSYD Fidelity Sustainable High Yield ETF	6.32%	6.49%	6.47%	6.70%	5.29%
PIT VanEck Commodity Strategy ETF	7.10%	8.92%	3.59%	6.44%	0.00%

Frequently Asked Questions

Can I hold both FSYD and PIT in my portfolio?

FSYD and PIT have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSYD or PIT?

PIT has higher volatility (4.72%) compared to FSYD (0.98%). In terms of maximum drawdown, FSYD dropped -12.11% vs PIT's -15.19%.

Which ETF is better, FSYD or PIT?

On 3-year performance, PIT leads with 18.98% vs 9.71% for FSYD. Both ETFs have the same 0.55% expense ratio. On volatility, FSYD has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FSYD or PIT?

Over the 3-year period, PIT has performed better with a 18.98% return vs 9.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FSYD or PIT?

FSYD and PIT have the same expense ratio: 0.55% per year.

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

PIT has the higher dividend yield at 7.10%, compared with 6.32% for FSYD.

What is the main difference between FSYD and PIT?

FSYD is categorized as High Yield Bonds, while PIT is Commodities. They also come from different issuers: Fidelity and VanEck.

Which has better risk-adjusted returns?

FSYD currently has the higher Sharpe Ratio (2.26 vs 1.85), 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.