PIT vs. IYZ
PIT (VanEck Commodity Strategy ETF) and IYZ (iShares U.S. Telecommunications ETF) are both exchange-traded funds - PIT is a Commodities fund actively managed by VanEck, while IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index. PIT is actively managed, while IYZ is passively managed. Over the past 3 years, PIT returned 21.53%/yr vs 28.37%/yr for IYZ. At a 0.08 correlation, their price movements are largely independent. PIT charges 0.55%/yr vs 0.42%/yr for IYZ.
Performance
PIT vs. IYZ - Performance Comparison
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Returns By Period
In the year-to-date period, PIT achieves a 32.48% return, which is significantly higher than IYZ's 29.57% return.
PIT
- 1D
- -1.00%
- 1M
- -9.34%
- YTD
- 32.48%
- 6M
- 34.12%
- 1Y
- 45.92%
- 3Y*
- 21.53%
- 5Y*
- —
- 10Y*
- —
IYZ
- 1D
- 1.27%
- 1M
- 2.31%
- YTD
- 29.57%
- 6M
- 32.60%
- 1Y
- 58.27%
- 3Y*
- 28.37%
- 5Y*
- 7.57%
- 10Y*
- 5.94%
PIT vs. IYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 32.48% | 21.63% | 6.77% | -4.54% | 1.67% |
IYZ iShares U.S. Telecommunications ETF | 29.57% | 29.28% | 20.53% | 3.90% | 1.31% |
Correlation
The correlation between PIT and IYZ is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.08 |
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Return for Risk
PIT vs. IYZ — Risk / Return Rank
PIT
IYZ
PIT vs. IYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and iShares U.S. Telecommunications ETF (IYZ). 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 | IYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.52 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 6.54 | -1.88 |
| Martin ratioReturn relative to average drawdown | 15.95 | 25.99 | -10.05 |
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Drawdowns
PIT vs. IYZ - Drawdown Comparison
The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum IYZ drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for PIT and IYZ.
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Drawdown Indicators
| PIT | IYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.27% | -77.11% | +64.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -8.62% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -12.27% | -13.85% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.74% | — |
Current DrawdownCurrent decline from peak | -10.56% | -4.77% | -5.79% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -40.10% | +36.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.17% | +0.91% |
Volatility
PIT vs. IYZ - Volatility Comparison
The current volatility for VanEck Commodity Strategy ETF (PIT) is 4.99%, while iShares U.S. Telecommunications ETF (IYZ) has a volatility of 8.76%. This indicates that PIT experiences smaller price fluctuations and is considered to be less risky than IYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIT | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 8.76% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 19.29% | 15.61% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.58% | 18.65% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 18.88% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 19.30% | -1.80% |
PIT vs. IYZ - Expense Ratio Comparison
PIT has a 0.55% expense ratio, which is higher than IYZ's 0.42% expense ratio.
Dividends
PIT vs. IYZ - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 6.73%, more than IYZ's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.53% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
PIT VanEck Commodity Strategy ETF | 6.73% | 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 IYZ have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (8.76%) compared to PIT (4.99%). In terms of maximum drawdown, PIT dropped -12.27% vs IYZ's -77.11%.
On 3-year performance, IYZ leads with 28.37% vs 21.53% for PIT. On fees, IYZ is cheaper at 0.42% per year. On volatility, PIT has been the lower-risk option at 4.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IYZ has performed better with a 28.37% return vs 21.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYZ is cheaper with a 0.42% expense ratio, compared with 0.55% for PIT.
PIT has the higher dividend yield at 6.73%, compared with 1.53% for IYZ.
PIT is categorized as Commodities, while IYZ is Communications Equities. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for PIT and 0.42% for IYZ.
IYZ currently has the higher Sharpe Ratio (3.02 vs 2.28), 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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