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.
Correlation
The correlation between PIT and TLT is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PIT vs. TLT - Performance Comparison
Key characteristics
PIT:
0.80
TLT:
-0.04
PIT:
1.21
TLT:
0.04
PIT:
1.15
TLT:
1.00
PIT:
0.95
TLT:
-0.01
PIT:
2.68
TLT:
-0.09
PIT:
4.08%
TLT:
6.82%
PIT:
13.72%
TLT:
13.76%
PIT:
-12.27%
TLT:
-48.35%
PIT:
0.00%
TLT:
-41.71%
Returns By Period
In the year-to-date period, PIT achieves a 6.75% return, which is significantly higher than TLT's 1.75% return.
PIT
6.75%
2.22%
11.34%
11.17%
N/A
N/A
TLT
1.75%
1.01%
-7.53%
0.03%
-7.42%
-1.15%
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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.
Dividends
PIT vs. TLT - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 3.36%, less than TLT's 4.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 3.36% | 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 | 4.24% | 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. For additional features, visit the drawdowns tool.
Volatility
PIT vs. TLT - Volatility Comparison
The current volatility for VanEck Commodity Strategy ETF (PIT) is 2.64%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.81%. This indicates that PIT experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.