JPIE vs. PIT

Last updated Jun 24, 2026

JPIE (JPMorgan Income ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - JPIE is a Multisector Bonds fund actively managed by JPMorgan, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past 3 years, JPIE returned 6.60%/yr vs 18.98%/yr for PIT. At a correlation of -0.03, they often move in opposite directions. JPIE charges 0.40%/yr vs 0.55%/yr for PIT.

Performance

JPIE vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income ETF (JPIE) 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, JPIE achieves a 1.49% return, which is significantly lower than PIT's 25.62% return.

JPIE

• 1D: 0.02%
• 1M: 0.50%
• YTD: 1.49%
• 6M: 1.65%
• 1Y: 5.35%
• 3Y*: 6.60%
• 5Y*: —
• 10Y*: —

PIT

• 1D: -1.32%
• 1M: -11.78%
• YTD: 25.62%
• 6M: 23.58%
• 1Y: 39.64%
• 3Y*: 18.98%
• 5Y*: —
• 10Y*: —

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

JPIE vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPIE JPMorgan Income ETF	1.49%	7.39%	6.32%	7.07%	-0.54%
PIT VanEck Commodity Strategy ETF	25.62%	21.63%	6.77%	-4.54%	1.67%

Correlation

The correlation between JPIE and PIT is -0.24, 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	-0.24
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	-0.03

Over the past year, the inverse relationship between JPIE and PIT has strengthened: their correlation has moved from -0.03 to -0.24, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

JPIE vs. PIT — Risk / Return Rank

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

JPIE

JPIE Risk / Return Rank: 93
JPIE Sharpe Ratio Rank: 94
JPIE Sortino Ratio Rank: 96
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 86
JPIE Martin Ratio Rank: 93

PIT

PIT Risk / Return Rank: 57
PIT Sharpe Ratio Rank: 59
PIT Sortino Ratio Rank: 52
PIT Omega Ratio Rank: 56
PIT Calmar Ratio Rank: 56
PIT Martin Ratio Rank: 63

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.

JPIE vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) 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.

	JPIE	PIT	Difference
Sharpe ratio: Return per unit of total volatility	3.33	1.85	+1.48
Sortino ratio: Return per unit of downside risk	5.14	2.40	+2.75
Omega ratio: Gain probability vs. loss probability	1.74	1.33	+0.42
Calmar ratio: Return relative to maximum drawdown	4.68	2.62	+2.06
Martin ratio: Return relative to average drawdown	22.79	10.88	+11.91

JPIE vs. PIT - Sharpe Ratio Comparison

The current JPIE Sharpe Ratio is 3.33, which is higher than the PIT Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of JPIE and PIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPIE vs. PIT - Drawdown Comparison

The maximum JPIE drawdown since its inception was -9.96%, smaller than the maximum PIT drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for JPIE and PIT.

Drawdown Indicators

	JPIE	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-9.96%	-15.19%	+5.23%
Max Drawdown (1Y) Largest decline over 1 year	-1.15%	-15.19%	+14.04%
Max Drawdown (3Y) Largest decline over 3 years	-2.40%	-15.19%	+12.79%
Current Drawdown Current decline from peak	-0.33%	-15.19%	+14.86%
Average Drawdown Average peak-to-trough decline	-2.07%	-4.08%	+2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	3.66%	-3.42%

Volatility

JPIE vs. PIT - Volatility Comparison

The current volatility for JPMorgan Income ETF (JPIE) is 0.59%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.72%. This indicates that JPIE 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.

Volatility by Period

	JPIE	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	4.72%	-4.13%
Volatility (6M) Calculated over the trailing 6-month period	1.34%	19.40%	-18.06%
Volatility (1Y) Calculated over the trailing 1-year period	1.61%	21.66%	-20.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.51%	17.50%	-13.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.51%	17.50%	-13.99%

JPIE vs. PIT - Expense Ratio Comparison

JPIE has a 0.40% expense ratio, which is lower than PIT's 0.55% expense ratio.

Dividends

JPIE vs. PIT - Dividend Comparison

JPIE's dividend yield for the trailing twelve months is around 5.62%, less than PIT's 7.10% yield.

Position	TTM	2025	2024	2023	2022	2021
JPIE JPMorgan Income ETF	5.62%	5.65%	6.11%	5.70%	4.49%	0.63%
PIT VanEck Commodity Strategy ETF	7.10%	8.92%	3.59%	6.44%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPIE and PIT in my portfolio?

JPIE and PIT have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPIE or PIT?

PIT has higher volatility (4.72%) compared to JPIE (0.59%). In terms of maximum drawdown, JPIE dropped -9.96% vs PIT's -15.19%.

Which ETF is better, JPIE or PIT?

On 3-year performance, PIT leads with 18.98% vs 6.60% for JPIE. On fees, JPIE is cheaper at 0.40% per year. On volatility, JPIE has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPIE or PIT?

Over the 3-year period, PIT has performed better with a 18.98% return vs 6.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPIE or PIT?

JPIE is cheaper with a 0.40% expense ratio, compared with 0.55% for PIT.

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

PIT has the higher dividend yield at 7.10%, compared with 5.62% for JPIE.

What is the main difference between JPIE and PIT?

JPIE is categorized as Multisector Bonds, while PIT is Commodities. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.40% for JPIE and 0.55% for PIT.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.33 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.