LDRH vs. PIT
LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - LDRH is a High Yield Bonds fund tracking the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while PIT is a Commodities fund actively managed by VanEck. LDRH is passively managed, while PIT is actively managed. Over the past year, LDRH returned 6.24% vs 38.33% for PIT. At a correlation of -0.04, they often move in opposite directions. LDRH charges 0.35%/yr vs 0.55%/yr for PIT.
Performance
LDRH vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, LDRH achieves a 2.08% return, which is significantly lower than PIT's 27.31% return.
LDRH
- 1D
- -0.16%
- 1M
- 0.44%
- YTD
- 2.08%
- 6M
- 2.37%
- 1Y
- 6.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PIT
- 1D
- -0.75%
- 1M
- -10.60%
- YTD
- 27.31%
- 6M
- 26.74%
- 1Y
- 38.33%
- 3Y*
- 19.51%
- 5Y*
- —
- 10Y*
- —
LDRH vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 2.08% | 7.18% | 0.21% |
PIT VanEck Commodity Strategy ETF | 27.31% | 21.63% | -0.44% |
Correlation
The correlation between LDRH and PIT is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | -0.04 |
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Return for Risk
LDRH vs. PIT — Risk / Return Rank
LDRH
PIT
LDRH vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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.
| LDRH | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.32 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | 2.74 | +2.35 |
| Martin ratioReturn relative to average drawdown | 21.08 | 10.88 | +10.20 |
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Drawdowns
LDRH vs. PIT - Drawdown Comparison
The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum PIT drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for LDRH and PIT.
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Drawdown Indicators
| LDRH | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.17% | -14.05% | +10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -14.05% | +12.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.05% | — |
Current DrawdownCurrent decline from peak | -0.16% | -14.05% | +13.89% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -4.07% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 3.59% | -3.29% |
Volatility
LDRH vs. PIT - Volatility Comparison
The current volatility for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is 0.60%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.67%. This indicates that LDRH 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
| LDRH | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 4.67% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 19.36% | -17.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 21.66% | -19.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 17.50% | -14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 17.50% | -14.02% |
LDRH vs. PIT - Expense Ratio Comparison
LDRH has a 0.35% expense ratio, which is lower than PIT's 0.55% expense ratio.
Dividends
LDRH vs. PIT - Dividend Comparison
LDRH's dividend yield for the trailing twelve months is around 6.98%, which matches PIT's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.98% | 6.41% | 1.13% | 0.00% |
PIT VanEck Commodity Strategy ETF | 7.00% | 8.92% | 3.59% | 6.44% |
Frequently Asked Questions
LDRH and PIT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIT has higher volatility (4.67%) compared to LDRH (0.60%). In terms of maximum drawdown, LDRH dropped -3.17% vs PIT's -14.05%.
On 1-year performance, PIT leads with 38.33% vs 6.24% for LDRH. On fees, LDRH is cheaper at 0.35% per year. On volatility, LDRH has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PIT has performed better with a 38.33% return vs 6.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRH is cheaper with a 0.35% expense ratio, compared with 0.55% for PIT.
PIT has the higher dividend yield at 7.00%, compared with 6.98% for LDRH.
LDRH is categorized as High Yield Bonds, while PIT is Commodities. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.35% for LDRH and 0.55% for PIT.
LDRH currently has the higher Sharpe Ratio (2.41 vs 1.78), 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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