FVD vs. PIT
FVD (First Trust Value Line Dividend Index Fund) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - FVD is a Mid Cap Value Equities fund tracking the Value Line Dividend Index, while PIT is a Commodities fund actively managed by VanEck. FVD is passively managed, while PIT is actively managed. Over the past 3 years, FVD returned 8.73%/yr vs 19.51%/yr for PIT. At a 0.05 correlation, their price movements are largely independent. FVD charges 0.61%/yr vs 0.55%/yr for PIT.
Performance
FVD vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, FVD achieves a 3.30% return, which is significantly lower than PIT's 27.31% return.
FVD
- 1D
- -0.17%
- 1M
- -1.17%
- YTD
- 3.30%
- 6M
- 2.96%
- 1Y
- 9.84%
- 3Y*
- 8.73%
- 5Y*
- 5.99%
- 10Y*
- 8.54%
PIT
- 1D
- -0.75%
- 1M
- -10.60%
- YTD
- 27.31%
- 6M
- 26.74%
- 1Y
- 38.33%
- 3Y*
- 19.51%
- 5Y*
- —
- 10Y*
- —
FVD vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FVD First Trust Value Line Dividend Index Fund | 3.30% | 8.16% | 10.04% | 4.11% | -0.33% |
PIT VanEck Commodity Strategy ETF | 27.31% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between FVD and PIT is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
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 | 0.05 |
The correlation between FVD and PIT shifts across timeframes, from -0.07 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FVD vs. PIT — Risk / Return Rank
FVD
PIT
FVD vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index Fund (FVD) 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.
| FVD | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.74 | -1.37 |
| Martin ratioReturn relative to average drawdown | 3.52 | 10.88 | -7.36 |
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Drawdowns
FVD vs. PIT - Drawdown Comparison
The maximum FVD drawdown since its inception was -51.00%, which is greater than PIT's maximum drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for FVD and PIT.
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Drawdown Indicators
| FVD | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.00% | -14.05% | -36.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -14.05% | +6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -11.97% | -14.05% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -16.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.25% | — | — |
Current DrawdownCurrent decline from peak | -4.95% | -14.05% | +9.10% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -4.07% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.59% | -0.79% |
Volatility
FVD vs. PIT - Volatility Comparison
The current volatility for First Trust Value Line Dividend Index Fund (FVD) is 3.12%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.67%. This indicates that FVD 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
| FVD | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 4.67% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 19.36% | -12.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 21.66% | -11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 17.50% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 17.50% | -2.04% |
FVD vs. PIT - Expense Ratio Comparison
FVD has a 0.61% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
FVD vs. PIT - Dividend Comparison
FVD's dividend yield for the trailing twelve months is around 2.29%, less than PIT's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVD First Trust Value Line Dividend Index Fund | 2.29% | 2.36% | 2.23% | 2.34% | 2.20% | 1.75% | 2.31% | 2.03% | 2.50% | 2.10% | 2.04% | 2.34% |
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
FVD and PIT have a correlation of -0.07, 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 FVD (3.12%). In terms of maximum drawdown, FVD dropped -51.00% vs PIT's -14.05%.
On 3-year performance, PIT leads with 19.51% vs 8.73% for FVD. On fees, PIT is cheaper at 0.55% per year. On volatility, FVD has been the lower-risk option at 3.12%. 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 8.73%. 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 0.61% for FVD.
PIT has the higher dividend yield at 7.00%, compared with 2.29% for FVD.
FVD is categorized as Mid Cap Value Equities, while PIT is Commodities. They also come from different issuers: First Trust and VanEck. Their fees differ too: 0.61% for FVD and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (1.78 vs 1.02), 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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