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.
Correlation
The correlation between PIT and DBC is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PIT vs. DBC - Performance Comparison
Key characteristics
PIT:
0.65
DBC:
0.48
PIT:
1.00
DBC:
0.78
PIT:
1.12
DBC:
1.09
PIT:
0.77
DBC:
0.14
PIT:
2.17
DBC:
1.32
PIT:
4.08%
DBC:
5.14%
PIT:
13.70%
DBC:
14.05%
PIT:
-12.27%
DBC:
-76.36%
PIT:
-0.87%
DBC:
-43.83%
Returns By Period
The year-to-date returns for both stocks are quite close, with PIT having a 5.21% return and DBC slightly lower at 4.96%.
PIT
5.21%
0.17%
8.82%
9.32%
N/A
N/A
DBC
4.96%
-0.13%
7.01%
7.30%
10.91%
3.65%
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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.
Dividends
PIT vs. DBC - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 3.41%, less than DBC's 4.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 3.41% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBC Invesco DB Commodity Index Tracking Fund | 4.97% | 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. For additional features, visit the drawdowns tool.
Volatility
PIT vs. DBC - Volatility Comparison
The current volatility for VanEck Commodity Strategy ETF (PIT) is 2.57%, while Invesco DB Commodity Index Tracking Fund (DBC) has a volatility of 2.96%. This indicates that PIT experiences smaller price fluctuations and is considered to be less risky than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.