JMTG vs. PIT

Last updated Jun 23, 2026

JMTG (JPMorgan Mortgage-Backed Securities ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - JMTG is a Mortgage Backed Securities fund actively managed by JPMorgan, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. At a correlation of -0.22, they often move in opposite directions. JMTG charges 0.24%/yr vs 0.55%/yr for PIT.

Performance

JMTG vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mortgage-Backed Securities ETF (JMTG) and VanEck Commodity Strategy ETF (PIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMTG achieves a 0.71% return, which is significantly lower than PIT's 27.31% return.

JMTG

• 1D: -0.14%
• 1M: 0.68%
• YTD: 0.71%
• 6M: 0.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIT

• 1D: -0.75%
• 1M: -10.60%
• YTD: 27.31%
• 6M: 26.74%
• 1Y: 38.33%
• 3Y*: 19.51%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JMTG vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025
JMTG JPMorgan Mortgage-Backed Securities ETF	0.71%	3.94%
PIT VanEck Commodity Strategy ETF	27.31%	13.17%

Correlation

The correlation between JMTG and PIT is -0.22, 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 (All Time) Calculated using the full available price history since Jun 30, 2025	-0.22

Return for Risk

JMTG vs. PIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PIT

PIT Risk / Return Rank: 55
PIT Sharpe Ratio Rank: 54
PIT Sortino Ratio Rank: 48
PIT Omega Ratio Rank: 52
PIT Calmar Ratio Rank: 57
PIT Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMTG vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mortgage-Backed Securities ETF (JMTG) 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.

	JMTG	PIT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.32	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.74	—
Martin ratio: Return relative to average drawdown	—	10.88	—

Drawdowns

JMTG vs. PIT - Drawdown Comparison

The maximum JMTG drawdown since its inception was -2.78%, smaller than the maximum PIT drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for JMTG and PIT.

Drawdown Indicators

	JMTG	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-14.05%	+11.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.05%	—
Current Drawdown Current decline from peak	-1.54%	-14.05%	+12.51%
Average Drawdown Average peak-to-trough decline	-0.71%	-4.07%	+3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.59%	—

Volatility

Volatility by Period

	JMTG	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	21.66%	-17.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.70%	17.50%	-13.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	17.50%	-13.80%

JMTG vs. PIT - Expense Ratio Comparison

JMTG has a 0.24% expense ratio, which is lower than PIT's 0.55% expense ratio.

Dividends

JMTG vs. PIT - Dividend Comparison

JMTG's dividend yield for the trailing twelve months is around 3.91%, less than PIT's 7.00% yield.

Position	TTM	2025	2024	2023
JMTG JPMorgan Mortgage-Backed Securities ETF	3.91%	2.10%	0.00%	0.00%
PIT VanEck Commodity Strategy ETF	7.00%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both JMTG and PIT in my portfolio?

JMTG and PIT have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMTG or PIT?

On fees, JMTG is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMTG or PIT?

JMTG is cheaper with a 0.24% expense ratio, compared with 0.55% for PIT.

Which ETF pays a higher dividend yield, JMTG or PIT?

PIT has the higher dividend yield at 7.00%, compared with 3.91% for JMTG.

What is the main difference between JMTG and PIT?

JMTG is categorized as Mortgage Backed Securities, while PIT is Commodities. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.24% for JMTG and 0.55% for PIT.