PIT vs. ITB
PIT (VanEck Commodity Strategy ETF) and ITB (iShares U.S. Home Construction ETF) are both exchange-traded funds - PIT is a Commodities fund actively managed by VanEck, while ITB is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index. PIT is actively managed, while ITB is passively managed. Over the past 3 years, PIT returned 19.64%/yr vs 2.79%/yr for ITB. Their -0.06 correlation means they have often moved in opposite directions in the past. PIT charges 0.55%/yr vs 0.38%/yr for ITB.
Performance
PIT vs. ITB - Performance Comparison
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Returns By Period
In the year-to-date period, PIT achieves a 39.56% return, which is significantly higher than ITB's -1.69% return.
PIT
- 1D
- -0.05%
- 1M
- 12.06%
- 6M
- 25.04%
- YTD
- 39.56%
- 1Y
- 56.01%
- 3Y*
- 19.64%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.95%
ITB
- 1D
- -1.18%
- 1M
- -8.32%
- 6M
- -7.21%
- YTD
- -1.69%
- 1Y
- -5.06%
- 3Y*
- 2.79%
- 5Y*
- 6.57%
- 10Y*
- 13.43%
- ALL TIME*
- 4.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $179.18M | $195.32M | $218.82M | |
| $1.38M | $2.80M | $3.76M |
PIT vs. ITB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 39.56% | 21.63% | 6.77% | -4.54% | 1.67% |
ITB iShares U.S. Home Construction ETF | -1.69% | -5.26% | 2.06% | 68.91% | -1.29% |
Correlation
The correlation between PIT and ITB is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | -0.06 |
The correlation between PIT and ITB shifts across timeframes, from -0.25 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PIT vs. ITB — Risk / Return Rank
PIT
ITB
PIT vs. ITB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and iShares U.S. Home Construction ETF (ITB). 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 | ITB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.01 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | -0.10 | +3.29 |
| Martin ratioReturn relative to average drawdown | 10.87 | -0.17 | +11.04 |
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Drawdowns
PIT vs. ITB - Drawdown Comparison
The maximum PIT drawdown since its inception was -17.20%, smaller than the maximum ITB drawdown of -86.53%. Use the drawdown chart below to compare losses from any high point for PIT and ITB.
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Drawdown Indicators
| PIT | ITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -86.53% | +69.33% |
Max Drawdown (1Y)Largest decline over 1 year | -17.20% | -26.04% | +8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -17.20% | -33.35% | +16.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.10% | — |
Current DrawdownCurrent decline from peak | -5.78% | -25.47% | +19.69% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -36.98% | +32.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 14.54% | -9.49% |
Volatility
PIT vs. ITB - Volatility Comparison
The current volatility for VanEck Commodity Strategy ETF (PIT) is 6.47%, while iShares U.S. Home Construction ETF (ITB) has a volatility of 8.79%. This indicates that PIT experiences smaller price fluctuations and is considered to be less risky than ITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIT | ITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 8.79% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 22.03% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 29.51% | -7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 29.57% | -11.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 30.20% | -12.50% |
PIT vs. ITB - Expense Ratio Comparison
PIT has a 0.55% expense ratio, which is higher than ITB's 0.38% expense ratio.
Dividends
PIT vs. ITB - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 6.39%, more than ITB's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 0.68% | 1.67% | 0.46% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% |
PIT VanEck Commodity Strategy ETF | 6.39% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PIT and ITB have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITB has higher volatility (8.79%) compared to PIT (6.47%). In terms of maximum drawdown, PIT dropped -17.20% vs ITB's -86.53%.
On 3-year performance, PIT leads with 19.64% vs 2.79% for ITB. On fees, ITB is cheaper at 0.38% per year. On volatility, PIT has been the lower-risk option at 6.47%. 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 19.64% return vs 2.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITB is cheaper with a 0.38% expense ratio, compared with 0.55% for PIT.
PIT has the higher dividend yield at 6.39%, compared with 0.68% for ITB.
PIT is categorized as Commodities, while ITB is Building & Construction. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for PIT and 0.38% for ITB.
PIT currently has the higher Sharpe Ratio (2.47 vs -0.09), 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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