Correlation
The correlation between PIT and FTIHX 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. FTIHX
Compare and contrast key facts about VanEck Commodity Strategy ETF (PIT) and Fidelity Total International Index Fund (FTIHX).
PIT is an actively managed fund by VanEck. It was launched on Dec 20, 2022. FTIHX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI (All Country World Index) ex USA Investable Market Index. It was launched on Jun 7, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIT or FTIHX.
Performance
PIT vs. FTIHX - Performance Comparison
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Key characteristics
PIT:
0.18
FTIHX:
0.89
PIT:
0.14
FTIHX:
1.18
PIT:
1.02
FTIHX:
1.16
PIT:
0.02
FTIHX:
0.94
PIT:
0.06
FTIHX:
2.88
PIT:
4.50%
FTIHX:
4.31%
PIT:
16.09%
FTIHX:
15.71%
PIT:
-12.27%
FTIHX:
-35.75%
PIT:
-5.52%
FTIHX:
-0.45%
Returns By Period
In the year-to-date period, PIT achieves a 2.40% return, which is significantly lower than FTIHX's 14.30% return.
PIT
2.40%
1.25%
3.77%
2.98%
N/A
N/A
N/A
FTIHX
14.30%
5.14%
11.43%
13.11%
9.21%
10.35%
N/A
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PIT vs. FTIHX - Expense Ratio Comparison
PIT has a 0.55% expense ratio, which is higher than FTIHX's 0.06% expense ratio.
Risk-Adjusted Performance
PIT vs. FTIHX — Risk-Adjusted Performance Rank
PIT
FTIHX
PIT vs. FTIHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and Fidelity Total International Index Fund (FTIHX). 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. FTIHX - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 3.51%, more than FTIHX's 2.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 3.51% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTIHX Fidelity Total International Index Fund | 2.52% | 2.88% | 2.78% | 2.51% | 2.55% | 1.62% | 2.61% | 2.21% | 1.81% | 0.47% |
Drawdowns
PIT vs. FTIHX - Drawdown Comparison
The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum FTIHX drawdown of -35.75%. Use the drawdown chart below to compare losses from any high point for PIT and FTIHX.
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Volatility
PIT vs. FTIHX - Volatility Comparison
VanEck Commodity Strategy ETF (PIT) has a higher volatility of 4.03% compared to Fidelity Total International Index Fund (FTIHX) at 2.68%. This indicates that PIT's price experiences larger fluctuations and is considered to be riskier than FTIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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