PIT vs. AGRO
PIT (VanEck Commodity Strategy ETF) is Commodities fund actively managed by VanEck, while AGRO (Adecoagro S.A.) is a stock. Over the past 3 years, PIT returned 19.03%/yr vs 5.30%/yr for AGRO. At a 0.28 correlation, their price movements are largely independent.
Performance
PIT vs. AGRO - Performance Comparison
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Returns By Period
In the year-to-date period, PIT achieves a 29.50% return, which is significantly lower than AGRO's 31.16% return.
PIT
- 1D
- -0.32%
- 1M
- -3.23%
- 6M
- 25.36%
- YTD
- 29.50%
- 1Y
- 40.55%
- 3Y*
- 19.03%
- 5Y*
- —
- 10Y*
- —
AGRO
- 1D
- 3.10%
- 1M
- -11.80%
- 6M
- 24.56%
- YTD
- 31.16%
- 1Y
- 12.50%
- 3Y*
- 5.30%
- 5Y*
- 4.61%
- 10Y*
- 0.95%
PIT vs. AGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 29.50% | 21.63% | 6.77% | -4.54% | 1.67% |
AGRO Adecoagro S.A. | 31.16% | -12.37% | -12.39% | 38.60% | 2.22% |
Correlation
The correlation between PIT and AGRO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.28 |
The correlation between PIT and AGRO shifts across timeframes, from 0.25 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PIT vs. AGRO — Risk / Return Rank
PIT
AGRO
PIT vs. AGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and Adecoagro S.A. (AGRO). 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.
| PIT | AGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.10 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.41 | +2.07 |
| Martin ratioReturn relative to average drawdown | 8.70 | 1.04 | +7.67 |
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Drawdowns
PIT vs. AGRO - Drawdown Comparison
The maximum PIT drawdown since its inception was -17.20%, smaller than the maximum AGRO drawdown of -73.70%. Use the drawdown chart below to compare losses from any high point for PIT and AGRO.
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Drawdown Indicators
| PIT | AGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -73.70% | +56.50% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -39.99% | +22.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.20% | -39.99% | +22.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.07% | — |
Current DrawdownCurrent decline from peak | -12.57% | -32.08% | +19.51% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -31.48% | +27.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 15.75% | -10.87% |
Volatility
PIT vs. AGRO - Volatility Comparison
The current volatility for VanEck Commodity Strategy ETF (PIT) is 5.78%, while Adecoagro S.A. (AGRO) has a volatility of 16.23%. This indicates that PIT experiences smaller price fluctuations and is considered to be less risky than AGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIT | AGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 16.23% | -10.45% |
Volatility (6M)Calculated over the trailing 6-month period | 19.58% | 40.67% | -21.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.84% | 48.55% | -26.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 42.03% | -24.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 39.97% | -22.39% |
Dividends
PIT vs. AGRO - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 6.88%, more than AGRO's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGRO Adecoagro S.A. | 2.87% | 4.41% | 3.63% | 2.95% | 3.83% |
PIT VanEck Commodity Strategy ETF | 6.88% | 8.92% | 3.59% | 6.44% | 0.00% |
Frequently Asked Questions
PIT and AGRO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGRO has higher volatility (16.23%) compared to PIT (5.78%). In terms of maximum drawdown, PIT dropped -17.20% vs AGRO's -73.70%.
PIT currently has the higher Sharpe Ratio (1.95 vs 0.34), 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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