HYS vs. PIT
HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - HYS is a High Yield Bonds fund tracking the ICE BofA US High Yield Constrained (0-5 Y), while PIT is a Commodities fund actively managed by VanEck. HYS is passively managed, while PIT is actively managed. Over the past 3 years, HYS returned 8.76%/yr vs 18.98%/yr for PIT. At a 0.09 correlation, their price movements are largely independent. HYS charges 0.56%/yr vs 0.55%/yr for PIT.
Performance
HYS vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, HYS achieves a 1.56% return, which is significantly lower than PIT's 25.62% return.
HYS
- 1D
- 0.01%
- 1M
- 0.62%
- YTD
- 1.56%
- 6M
- 1.72%
- 1Y
- 6.52%
- 3Y*
- 8.76%
- 5Y*
- 5.02%
- 10Y*
- 5.38%
PIT
- 1D
- -1.32%
- 1M
- -11.78%
- YTD
- 25.62%
- 6M
- 23.58%
- 1Y
- 39.64%
- 3Y*
- 18.98%
- 5Y*
- —
- 10Y*
- —
HYS vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 1.56% | 8.80% | 8.42% | 11.38% | -0.82% |
PIT VanEck Commodity Strategy ETF | 25.62% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between HYS and PIT is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.09 |
The correlation between HYS and PIT shifts across timeframes, from -0.18 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYS vs. PIT — Risk / Return Rank
HYS
PIT
HYS vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) 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.
| HYS | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.62 | +0.85 |
| Martin ratioReturn relative to average drawdown | 14.11 | 10.88 | +3.23 |
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Drawdowns
HYS vs. PIT - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than PIT's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for HYS and PIT.
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Drawdown Indicators
| HYS | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -15.19% | -5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | -15.19% | +13.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.98% | -15.19% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -15.19% | +15.05% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -4.08% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 3.66% | -3.20% |
Volatility
HYS vs. PIT - Volatility Comparison
The current volatility for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) is 0.79%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.72%. This indicates that HYS 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
| HYS | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 4.72% | -3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 19.40% | -16.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 21.66% | -18.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 17.50% | -11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.83% | 17.50% | -10.67% |
HYS vs. PIT - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
HYS vs. PIT - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.34%, more than PIT's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.34% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
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
HYS and PIT have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIT has higher volatility (4.72%) compared to HYS (0.79%). In terms of maximum drawdown, HYS dropped -20.91% vs PIT's -15.19%.
On 3-year performance, PIT leads with 18.98% vs 8.76% for HYS. On fees, PIT is cheaper at 0.55% per year. On volatility, HYS has been the lower-risk option at 0.79%. 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 8.76%. 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 0.56% for HYS.
HYS has the higher dividend yield at 7.34%, compared with 7.10% for PIT.
HYS is categorized as High Yield Bonds, while PIT is Commodities. They also come from different issuers: PIMCO and VanEck. Their fees differ too: 0.56% for HYS and 0.55% for PIT.
HYS currently has the higher Sharpe Ratio (1.89 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.
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