GLIN vs. PIT
GLIN (VanEck Vectors India Growth Leaders ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - GLIN is a Asia Pacific Equities fund tracking the MarketGrader India All-Cap Growth Leaders Index, while PIT is a Commodities fund actively managed by VanEck. GLIN is passively managed, while PIT is actively managed. Over the past 3 years, GLIN returned 12.89%/yr vs 19.51%/yr for PIT. At a 0.05 correlation, their price movements are largely independent. GLIN charges 0.82%/yr vs 0.55%/yr for PIT.
Performance
GLIN vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, GLIN achieves a 3.97% return, which is significantly lower than PIT's 27.31% return.
GLIN
- 1D
- 2.39%
- 1M
- 7.11%
- YTD
- 3.97%
- 6M
- 3.68%
- 1Y
- 4.17%
- 3Y*
- 12.89%
- 5Y*
- 6.27%
- 10Y*
- 3.07%
PIT
- 1D
- -0.75%
- 1M
- -10.60%
- YTD
- 27.31%
- 6M
- 26.74%
- 1Y
- 38.33%
- 3Y*
- 19.51%
- 5Y*
- —
- 10Y*
- —
GLIN vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 3.97% | -5.47% | 15.64% | 36.13% | -0.18% |
PIT VanEck Commodity Strategy ETF | 27.31% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between GLIN and PIT is -0.21, 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 | -0.21 |
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 GLIN and PIT shifts across timeframes, from -0.21 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLIN vs. PIT — Risk / Return Rank
GLIN
PIT
GLIN vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) 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.
| GLIN | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.32 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 2.74 | -2.52 |
| Martin ratioReturn relative to average drawdown | 0.66 | 10.88 | -10.22 |
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Drawdowns
GLIN vs. PIT - Drawdown Comparison
The maximum GLIN drawdown since its inception was -79.36%, which is greater than PIT's maximum drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for GLIN and PIT.
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Drawdown Indicators
| GLIN | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -14.05% | -65.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.56% | -14.05% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -14.05% | -12.72% |
Max Drawdown (5Y)Largest decline over 5 years | -30.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.80% | — | — |
Current DrawdownCurrent decline from peak | -40.90% | -14.05% | -26.85% |
Average DrawdownAverage peak-to-trough decline | -50.93% | -4.07% | -46.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 3.59% | +2.79% |
Volatility
GLIN vs. PIT - Volatility Comparison
VanEck Vectors India Growth Leaders ETF (GLIN) has a higher volatility of 5.59% compared to VanEck Commodity Strategy ETF (PIT) at 4.67%. This indicates that GLIN'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
| GLIN | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 4.67% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 19.36% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 21.66% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.29% | 17.50% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 17.50% | +6.21% |
GLIN vs. PIT - Expense Ratio Comparison
GLIN has a 0.82% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
GLIN vs. PIT - Dividend Comparison
GLIN's dividend yield for the trailing twelve months is around 0.81%, less than PIT's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 0.81% | 0.84% | 3.58% | 0.96% | 1.70% | 0.00% | 0.24% | 1.42% | 0.12% | 0.10% | 1.39% | 3.11% |
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
GLIN and PIT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLIN has higher volatility (5.59%) compared to PIT (4.67%). In terms of maximum drawdown, GLIN dropped -79.36% vs PIT's -14.05%.
On 3-year performance, PIT leads with 19.51% vs 12.89% for GLIN. On fees, PIT is cheaper at 0.55% per year. On volatility, PIT has been the lower-risk option at 4.67%. 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 12.89%. 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 0.82% for GLIN.
PIT has the higher dividend yield at 7.00%, compared with 0.81% for GLIN.
GLIN is categorized as Asia Pacific Equities, while PIT is Commodities. Their fees differ too: 0.82% for GLIN and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (1.78 vs 0.23), 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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