FXD vs. PIT
FXD (First Trust Consumer Discretionary AlphaDEX Fund) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - FXD is a Consumer Discretionary Equities fund tracking the StrataQuant Consumer Discretionary Index, while PIT is a Commodities fund actively managed by VanEck. FXD is passively managed, while PIT is actively managed. Over the past 3 years, FXD returned 9.79%/yr vs 18.98%/yr for PIT. At a 0.03 correlation, their price movements are largely independent. FXD charges 0.63%/yr vs 0.55%/yr for PIT.
Performance
FXD vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, FXD achieves a 0.06% return, which is significantly lower than PIT's 25.62% return.
FXD
- 1D
- -0.09%
- 1M
- 3.34%
- YTD
- 0.06%
- 6M
- -1.23%
- 1Y
- 10.64%
- 3Y*
- 9.79%
- 5Y*
- 3.45%
- 10Y*
- 8.49%
PIT
- 1D
- -1.32%
- 1M
- -11.78%
- YTD
- 25.62%
- 6M
- 23.58%
- 1Y
- 39.64%
- 3Y*
- 18.98%
- 5Y*
- —
- 10Y*
- —
FXD vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FXD First Trust Consumer Discretionary AlphaDEX Fund | 0.06% | 6.70% | 10.57% | 23.39% | 0.11% |
PIT VanEck Commodity Strategy ETF | 25.62% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between FXD and PIT is -0.17, 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 | -0.17 |
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 | 0.03 |
The correlation between FXD and PIT shifts across timeframes, from -0.17 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXD vs. PIT — Risk / Return Rank
FXD
PIT
FXD vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Discretionary AlphaDEX Fund (FXD) 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.
| FXD | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.33 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.62 | -1.86 |
| Martin ratioReturn relative to average drawdown | 1.90 | 10.88 | -8.98 |
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Drawdowns
FXD vs. PIT - Drawdown Comparison
The maximum FXD drawdown since its inception was -65.27%, which is greater than PIT's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for FXD and PIT.
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Drawdown Indicators
| FXD | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.27% | -15.19% | -50.08% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -15.19% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -26.02% | -15.19% | -10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -33.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.54% | — | — |
Current DrawdownCurrent decline from peak | -5.29% | -15.19% | +9.90% |
Average DrawdownAverage peak-to-trough decline | -10.95% | -4.08% | -6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 3.66% | +1.94% |
Volatility
FXD vs. PIT - Volatility Comparison
First Trust Consumer Discretionary AlphaDEX Fund (FXD) has a higher volatility of 5.62% compared to VanEck Commodity Strategy ETF (PIT) at 4.72%. This indicates that FXD's price experiences larger fluctuations and is considered to be riskier 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
| FXD | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 4.72% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 19.40% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 21.66% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 17.50% | +5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.69% | 17.50% | +6.19% |
FXD vs. PIT - Expense Ratio Comparison
FXD has a 0.63% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
FXD vs. PIT - Dividend Comparison
FXD's dividend yield for the trailing twelve months is around 0.76%, less than PIT's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXD First Trust Consumer Discretionary AlphaDEX Fund | 0.76% | 0.80% | 0.89% | 0.70% | 1.00% | 0.62% | 0.42% | 0.92% | 1.08% | 0.93% | 1.05% | 0.90% |
PIT VanEck Commodity Strategy ETF | 7.10% | 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
FXD and PIT have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXD has higher volatility (5.62%) compared to PIT (4.72%). In terms of maximum drawdown, FXD dropped -65.27% vs PIT's -15.19%.
On 3-year performance, PIT leads with 18.98% vs 9.79% for FXD. On fees, PIT is cheaper at 0.55% per year. On volatility, PIT has been the lower-risk option at 4.72%. 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 18.98% return vs 9.79%. 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 0.63% for FXD.
PIT has the higher dividend yield at 7.10%, compared with 0.76% for FXD.
FXD is categorized as Consumer Discretionary Equities, while PIT is Commodities. They also come from different issuers: First Trust and VanEck. Their fees differ too: 0.63% for FXD and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (1.85 vs 0.55), 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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