PIT vs. AMSC
PIT (VanEck Commodity Strategy ETF) is Commodities fund actively managed by VanEck, while AMSC (American Superconductor Corporation) is a stock. Over the past 3 years, PIT returned 19.64%/yr vs 22.11%/yr for AMSC. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
PIT vs. AMSC - Performance Comparison
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Returns By Period
In the year-to-date period, PIT achieves a 39.56% return, which is significantly higher than AMSC's 2.05% return.
PIT
- 1D
- -0.05%
- 1M
- 12.38%
- 6M
- 25.04%
- YTD
- 39.56%
- 1Y
- 54.64%
- 3Y*
- 19.64%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.95%
AMSC
- 1D
- -0.27%
- 1M
- -26.43%
- 6M
- -1.84%
- YTD
- 2.05%
- 1Y
- -48.34%
- 3Y*
- 22.11%
- 5Y*
- 15.89%
- 10Y*
- 12.68%
- ALL TIME*
- -3.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.27M | $25.36M | $48.11M | |
| $1.38M | $2.80M | $3.76M |
PIT vs. AMSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 39.56% | 21.63% | 6.77% | -4.54% | 1.67% |
AMSC American Superconductor Corporation | 2.05% | 16.85% | 121.10% | 202.72% | -3.16% |
Correlation
The correlation between PIT and AMSC is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.04 |
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Return for Risk
PIT vs. AMSC — Risk / Return Rank
PIT
AMSC
PIT vs. AMSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and American Superconductor Corporation (AMSC). 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 | AMSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.94 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | -0.79 | +3.99 |
| Martin ratioReturn relative to average drawdown | 10.87 | -1.21 | +12.08 |
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Drawdowns
PIT vs. AMSC - Drawdown Comparison
The maximum PIT drawdown since its inception was -17.20%, smaller than the maximum AMSC drawdown of -99.57%. Use the drawdown chart below to compare losses from any high point for PIT and AMSC.
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Drawdown Indicators
| PIT | AMSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -99.57% | +82.37% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -61.08% | +43.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.20% | -61.08% | +43.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.06% | — |
Current DrawdownCurrent decline from peak | -5.78% | -95.76% | +89.98% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -75.83% | +71.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 40.10% | -35.05% |
Volatility
PIT vs. AMSC - Volatility Comparison
The current volatility for VanEck Commodity Strategy ETF (PIT) is 6.47%, while American Superconductor Corporation (AMSC) has a volatility of 22.38%. This indicates that PIT experiences smaller price fluctuations and is considered to be less risky than AMSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIT | AMSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 22.38% | -15.91% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 57.61% | -37.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 87.44% | -65.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 87.66% | -69.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 79.49% | -61.79% |
Dividends
PIT vs. AMSC - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 6.39%, while AMSC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AMSC American Superconductor Corporation | 0.00% | 0.00% | 0.00% | 0.00% |
PIT VanEck Commodity Strategy ETF | 6.39% | 8.92% | 3.59% | 6.44% |
Frequently Asked Questions
PIT and AMSC have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMSC has higher volatility (22.38%) compared to PIT (6.47%). In terms of maximum drawdown, PIT dropped -17.20% vs AMSC's -99.57%.
PIT currently has the higher Sharpe Ratio (2.47 vs -0.59), 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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