PIT vs. ISCMF

Last updated Jun 25, 2026

PIT (VanEck Commodity Strategy ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both Commodities funds. PIT is actively managed, while ISCMF is passively managed. Over the past 3 years, PIT returned 18.03%/yr vs 16.78%/yr for ISCMF. At a 0.08 correlation, their price movements are largely independent. PIT charges 0.55%/yr vs 0.19%/yr for ISCMF.

Performance

PIT vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Commodity Strategy ETF (PIT) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PIT having a 22.64% return and ISCMF slightly higher at 22.87%.

PIT

• 1D: -2.37%
• 1M: -13.88%
• YTD: 22.64%
• 6M: 20.86%
• 1Y: 39.22%
• 3Y*: 18.03%
• 5Y*: —
• 10Y*: —

ISCMF

• 1D: 0.00%
• 1M: -4.99%
• YTD: 22.87%
• 6M: 22.87%
• 1Y: 31.30%
• 3Y*: 16.78%
• 5Y*: —
• 10Y*: —

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

PIT vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PIT VanEck Commodity Strategy ETF	22.64%	21.63%	6.77%	-4.54%	1.67%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-9.58%	0.00%

Correlation

The correlation between PIT and ISCMF is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.08

Return for Risk

PIT vs. ISCMF — Risk / Return Rank

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

PIT

PIT Risk / Return Rank: 59
PIT Sharpe Ratio Rank: 62
PIT Sortino Ratio Rank: 55
PIT Omega Ratio Rank: 60
PIT Calmar Ratio Rank: 52
PIT Martin Ratio Rank: 64

ISCMF

ISCMF Risk / Return Rank: 81
ISCMF Sharpe Ratio Rank: 60
ISCMF Sortino Ratio Rank: 81
ISCMF Omega Ratio Rank: 98
ISCMF Calmar Ratio Rank: 92
ISCMF Martin Ratio Rank: 72

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. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PIT	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.76	+0.06
Sortino ratio: Return per unit of downside risk	2.37	3.18	-0.81
Omega ratio: Gain probability vs. loss probability	1.33	2.31	-0.99
Calmar ratio: Return relative to maximum drawdown	2.29	5.53	-3.24
Martin ratio: Return relative to average drawdown	10.32	11.76	-1.44

PIT vs. ISCMF - Sharpe Ratio Comparison

The current PIT Sharpe Ratio is 1.83, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of PIT and ISCMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PIT vs. ISCMF - Drawdown Comparison

The maximum PIT drawdown since its inception was -17.20%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for PIT and ISCMF.

Drawdown Indicators

	PIT	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-17.20%	-25.42%	+8.22%
Max Drawdown (1Y) Largest decline over 1 year	-17.20%	-5.69%	-11.51%
Max Drawdown (3Y) Largest decline over 3 years	-17.20%	-7.62%	-9.58%
Current Drawdown Current decline from peak	-17.20%	-5.26%	-11.94%
Average Drawdown Average peak-to-trough decline	-4.10%	-13.34%	+9.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	2.67%	+1.14%

Volatility

PIT vs. ISCMF - Volatility Comparison

VanEck Commodity Strategy ETF (PIT) and iShares Diversified Commodity Swap UCITS ETF (ISCMF) have volatilities of 5.04% and 5.11%, 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.

Volatility by Period

	PIT	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	5.11%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	19.56%	15.45%	+4.11%
Volatility (1Y) Calculated over the trailing 1-year period	21.68%	17.84%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	14.28%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	14.28%	+3.26%

PIT vs. ISCMF - Expense Ratio Comparison

PIT has a 0.55% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

PIT vs. ISCMF - Dividend Comparison

PIT's dividend yield for the trailing twelve months is around 7.27%, while ISCMF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%	0.00%
PIT VanEck Commodity Strategy ETF	7.27%	8.92%	3.59%	6.44%

Frequently Asked Questions

Can I hold both PIT and ISCMF in my portfolio?

PIT and ISCMF have a correlation of 0.11, 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 ISCMF?

ISCMF has higher volatility (5.11%) compared to PIT (5.04%). In terms of maximum drawdown, PIT dropped -17.20% vs ISCMF's -25.42%.

Which ETF is better, PIT or ISCMF?

On 3-year performance, PIT leads with 18.03% vs 16.78% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PIT or ISCMF?

Over the 3-year period, PIT has performed better with a 18.03% return vs 16.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PIT or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 0.55% for PIT.

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

PIT has the higher dividend yield at 7.27%, compared with 0.00% for ISCMF.

What is the main difference between PIT and ISCMF?

They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for PIT and 0.19% for ISCMF.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (1.83 vs 1.76), 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.