PIT vs. DJP
PIT (VanEck Commodity Strategy ETF) and DJP (iPath Bloomberg Commodity Index Total Return ETN) are both Commodities funds. PIT is actively managed, while DJP is passively managed. Over the past 3 years, PIT returned 24.30%/yr vs 17.94%/yr for DJP. Their correlation of 0.88 suggests significant overlap in exposure. PIT charges 0.55%/yr vs 0.70%/yr for DJP.
Performance
PIT vs. DJP - 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 DJP's 30.63% return.
PIT
- 1D
- 0.58%
- 1M
- -2.84%
- YTD
- 41.36%
- 6M
- 42.58%
- 1Y
- 62.93%
- 3Y*
- 24.30%
- 5Y*
- —
- 10Y*
- —
DJP
- 1D
- 0.02%
- 1M
- -3.31%
- YTD
- 30.63%
- 6M
- 29.34%
- 1Y
- 44.52%
- 3Y*
- 17.94%
- 5Y*
- 12.46%
- 10Y*
- 7.36%
PIT vs. DJP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 41.36% | 21.63% | 6.77% | -4.54% | 2.74% |
DJP iPath Bloomberg Commodity Index Total Return ETN | 30.63% | 17.20% | 5.59% | -9.85% | 1.29% |
Correlation
The correlation between PIT and DJP is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2022 | 0.88 |
The correlation between PIT and DJP has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
PIT vs. DJP — Risk / Return Rank
PIT
DJP
PIT vs. DJP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and iPath Bloomberg Commodity Index Total Return ETN (DJP). 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 | DJP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.42 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.83 | 5.20 | +1.63 |
| Martin ratioReturn relative to average drawdown | 23.27 | 13.30 | +9.97 |
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 | DJP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.97 | 2.36 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.00 | +1.07 |
Drawdowns
PIT vs. DJP - Drawdown Comparison
The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum DJP drawdown of -78.35%. Use the drawdown chart below to compare losses from any high point for PIT and DJP.
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Drawdown Indicators
| PIT | DJP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.27% | -78.35% | +66.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -8.61% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -12.27% | -13.41% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.36% | — |
Current DrawdownCurrent decline from peak | -4.56% | -32.82% | +28.26% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -50.86% | +46.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 3.36% | -0.65% |
Volatility
PIT vs. DJP - Volatility Comparison
VanEck Commodity Strategy ETF (PIT) and iPath Bloomberg Commodity Index Total Return ETN (DJP) have volatilities of 6.08% and 5.85%, 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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Volatility by Period
| PIT | DJP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 5.85% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 16.64% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.30% | 18.92% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 18.96% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 17.06% | +0.41% |
PIT vs. DJP - Expense Ratio Comparison
PIT has a 0.55% expense ratio, which is lower than DJP's 0.70% expense ratio.
Dividends
PIT vs. DJP - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 6.31%, while DJP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 0.00% | 0.00% | 0.00% | 0.00% |
PIT VanEck Commodity Strategy ETF | 6.31% | 8.92% | 3.59% | 6.44% |
Frequently Asked Questions
With a correlation of 0.91, PIT and DJP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PIT has higher volatility (6.08%) compared to DJP (5.85%). In terms of maximum drawdown, PIT dropped -12.27% vs DJP's -78.35%.
On 3-year performance, PIT leads with 24.30% vs 17.94% for DJP. On fees, PIT is cheaper at 0.55% per year. On volatility, DJP has been the lower-risk option at 5.85%. 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 17.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PIT is cheaper with a 0.55% expense ratio, compared with 0.70% for DJP.
PIT has the higher dividend yield at 6.31%, compared with 0.00% for DJP.
They also come from different issuers: VanEck and Barclays Capital. Their fees differ too: 0.55% for PIT and 0.70% for DJP.
PIT currently has the higher Sharpe Ratio (2.97 vs 2.36), 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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