PIT vs. BIZD
PIT (VanEck Commodity Strategy ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - PIT is a Commodities fund actively managed by VanEck, while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. PIT is actively managed, while BIZD is passively managed. Over the past 3 years, PIT returned 24.30%/yr vs 5.27%/yr for BIZD. At a 0.08 correlation, their price movements are largely independent. PIT charges 0.55%/yr vs 0.42%/yr for BIZD.
Performance
PIT vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, PIT achieves a 41.36% return, which is significantly higher than BIZD's -8.99% return.
PIT
- 1D
- 0.58%
- 1M
- -2.84%
- YTD
- 41.36%
- 6M
- 42.58%
- 1Y
- 62.93%
- 3Y*
- 24.30%
- 5Y*
- —
- 10Y*
- —
BIZD
- 1D
- -2.28%
- 1M
- -6.62%
- YTD
- -8.99%
- 6M
- -10.20%
- 1Y
- -12.94%
- 3Y*
- 5.27%
- 5Y*
- 4.03%
- 10Y*
- 7.77%
PIT vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 41.36% | 21.63% | 6.77% | -4.54% | 2.74% |
BIZD VanEck BDC Income ETF | -8.99% | -4.96% | 15.63% | 27.02% | 0.76% |
Correlation
The correlation between PIT and BIZD is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2022 | 0.08 |
The correlation between PIT and BIZD shifts across timeframes, from -0.09 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PIT vs. BIZD — Risk / Return Rank
PIT
BIZD
PIT vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and VanEck BDC Income ETF (BIZD). 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.
| PIT | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.69 | ||
| Sortino ratioReturn per unit of downside risk | +4.46 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 0.90 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 6.83 | -0.58 | +7.41 |
| Martin ratioReturn relative to average drawdown | 23.27 | -1.03 | +24.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIT | BIZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.97 | -0.72 | +3.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.30 | +0.77 |
Drawdowns
PIT vs. BIZD - Drawdown Comparison
The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for PIT and BIZD.
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Drawdown Indicators
| PIT | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.27% | -55.44% | +43.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -22.22% | +12.95% |
Max Drawdown (3Y)Largest decline over 3 years | -12.27% | -22.56% | +10.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.44% | — |
Current DrawdownCurrent decline from peak | -4.56% | -19.27% | +14.71% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -6.72% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 12.63% | -9.92% |
Volatility
PIT vs. BIZD - Volatility Comparison
VanEck Commodity Strategy ETF (PIT) has a higher volatility of 6.08% compared to VanEck BDC Income ETF (BIZD) at 4.79%. This indicates that PIT's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIT | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 4.79% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 14.77% | +4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.30% | 18.11% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 17.40% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 21.74% | -4.27% |
PIT vs. BIZD - Expense Ratio Comparison
PIT has a 0.55% expense ratio, which is higher than BIZD's 0.42% expense ratio.
Dividends
PIT vs. BIZD - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 6.31%, less than BIZD's 13.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 13.87% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
PIT VanEck Commodity Strategy ETF | 6.31% | 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
PIT and BIZD have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIT has higher volatility (6.08%) compared to BIZD (4.79%). In terms of maximum drawdown, PIT dropped -12.27% vs BIZD's -55.44%.
On 3-year performance, PIT leads with 24.30% vs 5.27% for BIZD. On fees, BIZD is cheaper at 0.42% per year. On volatility, BIZD has been the lower-risk option at 4.79%. 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 24.30% return vs 5.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIZD is cheaper with a 0.42% expense ratio, compared with 0.55% for PIT.
BIZD has the higher dividend yield at 13.87%, compared with 6.31% for PIT.
PIT is categorized as Commodities, while BIZD is Financials Equities. Their fees differ too: 0.55% for PIT and 0.42% for BIZD.
PIT currently has the higher Sharpe Ratio (2.97 vs -0.72), 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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