PIT vs. GCC

Last updated Jun 4, 2026

PIT (VanEck Commodity Strategy ETF) and GCC (WisdomTree Enhanced Commodity Strategy Fund) are both Commodities funds. Both are actively managed. Over the past 3 years, PIT returned 24.30%/yr vs 19.03%/yr for GCC. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

PIT vs. GCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Commodity Strategy ETF (PIT) and WisdomTree Enhanced Commodity Strategy Fund (GCC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PIT achieves a 41.36% return, which is significantly higher than GCC's 18.63% return.

PIT

• 1D: 0.58%
• 1M: -2.84%
• YTD: 41.36%
• 6M: 42.58%
• 1Y: 62.93%
• 3Y*: 24.30%
• 5Y*: —
• 10Y*: —

GCC

• 1D: -0.48%
• 1M: -1.53%
• YTD: 18.63%
• 6M: 21.66%
• 1Y: 37.16%
• 3Y*: 19.03%
• 5Y*: 11.48%
• 10Y*: 6.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PIT vs. GCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PIT VanEck Commodity Strategy ETF	41.36%	21.63%	6.77%	-4.54%	2.74%
GCC WisdomTree Enhanced Commodity Strategy Fund	18.63%	20.01%	15.13%	-3.72%	1.89%

Correlation

The correlation between PIT and GCC is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 23, 2022	0.84

The correlation between PIT and GCC has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Return for Risk

PIT vs. GCC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIT

PIT Risk / Return Rank: 87
PIT Sharpe Ratio Rank: 88
PIT Sortino Ratio Rank: 77
PIT Omega Ratio Rank: 84
PIT Calmar Ratio Rank: 93
PIT Martin Ratio Rank: 92

GCC

GCC Risk / Return Rank: 67
GCC Sharpe Ratio Rank: 67
GCC Sortino Ratio Rank: 56
GCC Omega Ratio Rank: 69
GCC Calmar Ratio Rank: 73
GCC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PIT vs. GCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and WisdomTree Enhanced Commodity Strategy Fund (GCC). 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	GCC	Difference
Sharpe ratio: Return per unit of total volatility	2.97	2.24	+0.72
Sortino ratio: Return per unit of downside risk	3.53	2.72	+0.81
Omega ratio: Gain probability vs. loss probability	1.52	1.42	+0.10
Calmar ratio: Return relative to maximum drawdown	6.83	3.64	+3.18
Martin ratio: Return relative to average drawdown	23.27	13.42	+9.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIT vs. GCC - Sharpe Ratio Comparison

The current PIT Sharpe Ratio is 2.97, which is higher than the GCC Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of PIT and GCC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PIT	GCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	2.24	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.08	+0.99

Drawdowns

PIT vs. GCC - Drawdown Comparison

The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum GCC drawdown of -63.19%. Use the drawdown chart below to compare losses from any high point for PIT and GCC.

Drawdown Indicators

	PIT	GCC	Difference
Max Drawdown Largest peak-to-trough decline	-12.27%	-63.19%	+50.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.27%	-10.25%	+0.98%
Max Drawdown (3Y) Largest decline over 3 years	-12.27%	-11.22%	-1.05%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.93%	—
Current Drawdown Current decline from peak	-4.56%	-5.29%	+0.73%
Average Drawdown Average peak-to-trough decline	-3.99%	-34.91%	+30.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.78%	-0.07%

Volatility

PIT vs. GCC - Volatility Comparison

VanEck Commodity Strategy ETF (PIT) has a higher volatility of 6.08% compared to WisdomTree Enhanced Commodity Strategy Fund (GCC) at 4.53%. This indicates that PIT's price experiences larger fluctuations and is considered to be riskier than GCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIT	GCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	4.53%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	19.02%	14.76%	+4.26%
Volatility (1Y) Calculated over the trailing 1-year period	21.30%	16.63%	+4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	16.93%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.47%	14.77%	+2.70%

PIT vs. GCC - Expense Ratio Comparison

Both PIT and GCC have an expense ratio of 0.55%.

Dividends

PIT vs. GCC - Dividend Comparison

PIT's dividend yield for the trailing twelve months is around 6.31%, more than GCC's 5.60% yield.

Position	TTM	2025	2024	2023	2022	2021
GCC WisdomTree Enhanced Commodity Strategy Fund	5.60%	6.64%	3.51%	3.68%	22.49%	9.76%
PIT VanEck Commodity Strategy ETF	6.31%	8.92%	3.59%	6.44%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PIT and GCC in my portfolio?

PIT and GCC have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PIT or GCC?

PIT has higher volatility (6.08%) compared to GCC (4.53%). In terms of maximum drawdown, PIT dropped -12.27% vs GCC's -63.19%.

Which ETF is better, PIT or GCC?

On 3-year performance, PIT leads with 24.30% vs 19.03% for GCC. Both ETFs have the same 0.55% expense ratio. On volatility, GCC has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PIT or GCC?

Over the 3-year period, PIT has performed better with a 24.30% return vs 19.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PIT or GCC?

PIT and GCC have the same expense ratio: 0.55% per year.

Which ETF pays a higher dividend yield, PIT or GCC?

PIT has the higher dividend yield at 6.31%, compared with 5.60% for GCC.

What is the main difference between PIT and GCC?

They also come from different issuers: VanEck and WisdomTree.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (2.97 vs 2.24), 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.