IXC vs. PIT
IXC (iShares Global Energy ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index, while PIT is a Commodities fund actively managed by VanEck. IXC is passively managed, while PIT is actively managed. Over the past 3 years, IXC returned 17.43%/yr vs 21.53%/yr for PIT. A 0.64 correlation means they provide meaningful diversification when combined. IXC charges 0.40%/yr vs 0.55%/yr for PIT.
Performance
IXC vs. PIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IXC achieves a 29.17% return, which is significantly lower than PIT's 32.48% return.
IXC
- 1D
- 0.28%
- 1M
- -1.67%
- YTD
- 29.17%
- 6M
- 28.84%
- 1Y
- 36.66%
- 3Y*
- 17.43%
- 5Y*
- 19.14%
- 10Y*
- 10.05%
PIT
- 1D
- -1.00%
- 1M
- -9.18%
- YTD
- 32.48%
- 6M
- 34.12%
- 1Y
- 45.92%
- 3Y*
- 21.53%
- 5Y*
- —
- 10Y*
- —
IXC vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 29.17% | 13.98% | 1.95% | 3.92% | 0.83% |
PIT VanEck Commodity Strategy ETF | 32.48% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between IXC and PIT is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.64 |
The correlation between IXC and PIT has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IXC vs. PIT — Risk / Return Rank
IXC
PIT
IXC vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Energy ETF (IXC) 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.
| IXC | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.40 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 4.66 | -0.61 |
| Martin ratioReturn relative to average drawdown | 11.55 | 15.95 | -4.39 |
Loading charts...
Drawdowns
IXC vs. PIT - Drawdown Comparison
The maximum IXC drawdown since its inception was -67.88%, which is greater than PIT's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for IXC and PIT.
Loading charts...
Drawdown Indicators
| IXC | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.88% | -12.27% | -55.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -10.56% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -12.27% | -6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.16% | — | — |
Current DrawdownCurrent decline from peak | -7.04% | -10.56% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -17.47% | -4.02% | -13.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.08% | +0.30% |
Volatility
IXC vs. PIT - Volatility Comparison
iShares Global Energy ETF (IXC) has a higher volatility of 6.44% compared to VanEck Commodity Strategy ETF (PIT) at 4.99%. This indicates that IXC'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.
Loading charts...
Volatility by Period
| IXC | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 4.99% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 19.29% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 21.58% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.53% | 17.50% | +6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.84% | 17.50% | +9.34% |
IXC vs. PIT - Expense Ratio Comparison
IXC has a 0.40% expense ratio, which is lower than PIT's 0.55% expense ratio.
Dividends
IXC vs. PIT - Dividend Comparison
IXC's dividend yield for the trailing twelve months is around 2.85%, less than PIT's 6.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 2.85% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
PIT VanEck Commodity Strategy ETF | 6.73% | 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
IXC and PIT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXC has higher volatility (6.44%) compared to PIT (4.99%). In terms of maximum drawdown, IXC dropped -67.88% vs PIT's -12.27%.
On 3-year performance, PIT leads with 21.53% vs 17.43% for IXC. On fees, IXC is cheaper at 0.40% per year. On volatility, PIT has been the lower-risk option at 4.99%. 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 21.53% return vs 17.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXC is cheaper with a 0.40% expense ratio, compared with 0.55% for PIT.
PIT has the higher dividend yield at 6.73%, compared with 2.85% for IXC.
IXC is categorized as Energy Equities, while PIT is Commodities. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for IXC and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (2.28 vs 2.08), 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.
Find the right allocation for IXC and PIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer