LVIG vs. PIFI

Last updated Jun 4, 2026

LVIG (Longview Advantage Fixed Income ETF) and PIFI (ClearShares Piton Intermediate Fixed Income ETF) are both Intermediate Core Bond funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. LVIG charges 0.34%/yr vs 0.45%/yr for PIFI.

Performance

LVIG vs. PIFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Longview Advantage Fixed Income ETF (LVIG) and ClearShares Piton Intermediate Fixed Income ETF (PIFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LVIG

• 1D: -0.12%
• 1M: -0.30%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIFI

• 1D: -0.15%
• 1M: -0.05%
• YTD: -0.13%
• 6M: -0.14%
• 1Y: 3.48%
• 3Y*: 3.73%
• 5Y*: 1.02%
• 10Y*: —

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

LVIG vs. PIFI - Yearly Performance Comparison

	2026 (YTD)
LVIG Longview Advantage Fixed Income ETF	-1.22%
PIFI ClearShares Piton Intermediate Fixed Income ETF	-0.77%

Correlation

The correlation between LVIG and PIFI is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026	0.93

Return for Risk

LVIG vs. PIFI — Risk / Return Rank

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

PIFI

PIFI Risk / Return Rank: 37
PIFI Sharpe Ratio Rank: 38
PIFI Sortino Ratio Rank: 41
PIFI Omega Ratio Rank: 37
PIFI Calmar Ratio Rank: 37
PIFI Martin Ratio Rank: 35

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.

LVIG vs. PIFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Longview Advantage Fixed Income ETF (LVIG) and ClearShares Piton Intermediate Fixed Income ETF (PIFI). 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.

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

Sharpe Ratios by Period

	LVIG	PIFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.34	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.03	0.22	-1.25

Drawdowns

LVIG vs. PIFI - Drawdown Comparison

The maximum LVIG drawdown since its inception was -2.59%, smaller than the maximum PIFI drawdown of -10.59%. Use the drawdown chart below to compare losses from any high point for LVIG and PIFI.

Drawdown Indicators

	LVIG	PIFI	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-10.59%	+8.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.41%	—
Current Drawdown Current decline from peak	-1.32%	-1.45%	+0.13%
Average Drawdown Average peak-to-trough decline	-1.00%	-3.23%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.66%	—

Volatility

Volatility by Period

	LVIG	PIFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	2.61%	+2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	3.66%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	3.48%	+1.53%

LVIG vs. PIFI - Expense Ratio Comparison

LVIG has a 0.34% expense ratio, which is lower than PIFI's 0.45% expense ratio.

Dividends

LVIG vs. PIFI - Dividend Comparison

LVIG has not paid dividends to shareholders, while PIFI's dividend yield for the trailing twelve months is around 3.76%.

Position	TTM	2025	2024	2023	2022	2021
LVIG Longview Advantage Fixed Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PIFI ClearShares Piton Intermediate Fixed Income ETF	3.76%	3.16%	2.92%	2.29%	1.22%	0.25%

Frequently Asked Questions

Can I hold both LVIG and PIFI in my portfolio?

With a correlation of 0.93, LVIG and PIFI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, LVIG or PIFI?

On fees, LVIG is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LVIG or PIFI?

LVIG is cheaper with a 0.34% expense ratio, compared with 0.45% for PIFI.

Which ETF pays a higher dividend yield, LVIG or PIFI?

PIFI has the higher dividend yield at 3.76%, compared with 0.00% for LVIG.

What is the main difference between LVIG and PIFI?

They also come from different issuers: Longview and ClearShares. Their fees differ too: 0.34% for LVIG and 0.45% for PIFI.