Correlation
The correlation between PIT and TLT 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. TLT
Compare and contrast key facts about VanEck Commodity Strategy ETF (PIT) and iShares 20+ Year Treasury Bond ETF (TLT).
PIT and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PIT is an actively managed fund by VanEck. It was launched on Dec 20, 2022. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIT or TLT.
Performance
PIT vs. TLT - Performance Comparison
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Key characteristics
PIT:
0.13
TLT:
0.06
PIT:
0.32
TLT:
-0.07
PIT:
1.04
TLT:
0.99
PIT:
0.21
TLT:
-0.04
PIT:
0.53
TLT:
-0.21
PIT:
4.52%
TLT:
8.36%
PIT:
16.11%
TLT:
14.53%
PIT:
-12.27%
TLT:
-48.35%
PIT:
-4.78%
TLT:
-42.69%
Returns By Period
In the year-to-date period, PIT achieves a 3.20% return, which is significantly higher than TLT's 0.04% return.
PIT
3.20%
-0.06%
4.82%
2.03%
N/A
N/A
N/A
TLT
0.04%
-4.14%
-5.38%
0.87%
-7.01%
-9.61%
-0.85%
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PIT vs. TLT - Expense Ratio Comparison
PIT has a 0.55% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
PIT vs. TLT — Risk-Adjusted Performance Rank
PIT
TLT
PIT vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 3.48%, less than TLT's 4.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 3.48% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.39% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
PIT vs. TLT - Drawdown Comparison
The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PIT and TLT.
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Volatility
PIT vs. TLT - Volatility Comparison
VanEck Commodity Strategy ETF (PIT) has a higher volatility of 4.59% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.59%. This indicates that PIT's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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