NFTY vs. PIT
NFTY (First Trust India NIFTY 50 Equal Weight ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - NFTY is a India Equities fund tracking the NIFTY 50 Equal Weight Index, while PIT is a Commodities fund actively managed by VanEck. NFTY is passively managed, while PIT is actively managed. Over the past 3 years, NFTY returned 5.40%/yr vs 19.03%/yr for PIT. At a 0.03 correlation, their price movements are largely independent. NFTY charges 0.80%/yr vs 0.55%/yr for PIT.
Performance
NFTY vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, NFTY achieves a -7.15% return, which is significantly lower than PIT's 29.50% return.
NFTY
- 1D
- 0.30%
- 1M
- 1.78%
- 6M
- -6.25%
- YTD
- -7.15%
- 1Y
- -7.46%
- 3Y*
- 5.40%
- 5Y*
- 5.84%
- 10Y*
- 7.73%
PIT
- 1D
- -0.32%
- 1M
- -2.24%
- 6M
- 25.36%
- YTD
- 29.50%
- 1Y
- 40.55%
- 3Y*
- 19.03%
- 5Y*
- —
- 10Y*
- —
NFTY vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | -7.15% | 5.47% | 5.18% | 24.00% | -0.90% |
PIT VanEck Commodity Strategy ETF | 29.50% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between NFTY 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.03 |
The correlation between NFTY and PIT shifts across timeframes, from -0.24 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NFTY vs. PIT — Risk / Return Rank
NFTY
PIT
NFTY vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust India NIFTY 50 Equal Weight ETF (NFTY) 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.
| NFTY | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.34 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.48 | -2.98 |
| Martin ratioReturn relative to average drawdown | -1.20 | 8.70 | -9.91 |
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Drawdowns
NFTY vs. PIT - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, which is greater than PIT's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for NFTY and PIT.
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Drawdown Indicators
| NFTY | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.67% | -17.20% | -30.47% |
Max Drawdown (1Y)Largest decline over 1 year | -16.14% | -17.20% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -17.20% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.67% | — | — |
Current DrawdownCurrent decline from peak | -15.12% | -12.57% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -4.23% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.72% | 4.88% | +1.84% |
Volatility
NFTY vs. PIT - Volatility Comparison
The current volatility for First Trust India NIFTY 50 Equal Weight ETF (NFTY) is 3.71%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 5.78%. This indicates that NFTY 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
| NFTY | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 5.78% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 19.58% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 21.84% | -7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 17.58% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 17.58% | +3.07% |
NFTY vs. PIT - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
NFTY vs. PIT - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 1.91%, less than PIT's 6.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.91% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
PIT VanEck Commodity Strategy ETF | 6.88% | 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
NFTY 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.
PIT has higher volatility (5.78%) compared to NFTY (3.71%). In terms of maximum drawdown, NFTY dropped -47.67% vs PIT's -17.20%.
On 3-year performance, PIT leads with 19.03% vs 5.40% for NFTY. On fees, PIT is cheaper at 0.55% per year. On volatility, NFTY has been the lower-risk option at 3.71%. 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 19.03% return vs 5.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PIT is cheaper with a 0.55% expense ratio, compared with 0.80% for NFTY.
PIT has the higher dividend yield at 6.88%, compared with 1.91% for NFTY.
NFTY is categorized as India Equities, while PIT is Commodities. They also come from different issuers: First Trust and VanEck. Their fees differ too: 0.80% for NFTY and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (1.95 vs -0.55), 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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