Correlation
The correlation between PIT and DBC is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PIT vs. DBC
Compare and contrast key facts about VanEck Commodity Strategy ETF (PIT) and Invesco DB Commodity Index Tracking Fund (DBC).
PIT and DBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PIT is an actively managed fund by VanEck. It was launched on Dec 20, 2022. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIT or DBC.
Performance
PIT vs. DBC - Performance Comparison
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Key characteristics
PIT:
0.18
DBC:
-0.37
PIT:
0.14
DBC:
-0.62
PIT:
1.02
DBC:
0.93
PIT:
0.02
DBC:
-0.16
PIT:
0.06
DBC:
-1.39
PIT:
4.50%
DBC:
5.86%
PIT:
16.09%
DBC:
15.99%
PIT:
-12.27%
DBC:
-76.36%
PIT:
-5.52%
DBC:
-47.74%
Returns By Period
In the year-to-date period, PIT achieves a 2.40% return, which is significantly higher than DBC's -2.34% return.
PIT
2.40%
1.35%
3.77%
2.79%
N/A
N/A
N/A
DBC
-2.34%
1.51%
-0.66%
-5.93%
-6.93%
14.53%
2.94%
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PIT vs. DBC - Expense Ratio Comparison
PIT has a 0.55% expense ratio, which is lower than DBC's 0.85% expense ratio.
Risk-Adjusted Performance
PIT vs. DBC — Risk-Adjusted Performance Rank
PIT
DBC
PIT vs. DBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and Invesco DB Commodity Index Tracking Fund (DBC). 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.
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Dividends
PIT vs. DBC - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 3.51%, less than DBC's 5.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 3.51% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBC Invesco DB Commodity Index Tracking Fund | 5.34% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
Drawdowns
PIT vs. DBC - Drawdown Comparison
The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for PIT and DBC.
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Volatility
PIT vs. DBC - Volatility Comparison
VanEck Commodity Strategy ETF (PIT) and Invesco DB Commodity Index Tracking Fund (DBC) have volatilities of 4.03% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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