PIT vs. USCI
Compare and contrast key facts about VanEck Commodity Strategy ETF (PIT) and United States Commodity Index Fund (USCI).
PIT and USCI 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. USCI is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Dynamic Commodity (TR). It was launched on Aug 10, 2010.
Performance
PIT vs. USCI - Performance Comparison
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PIT vs. USCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 37.04% | 21.63% | 6.77% | -4.54% | 2.74% |
USCI United States Commodity Index Fund | 22.82% | 17.63% | 17.24% | -0.00% | 2.44% |
Returns By Period
In the year-to-date period, PIT achieves a 37.04% return, which is significantly higher than USCI's 22.82% return.
PIT
- 1D
- -0.55%
- 1M
- 18.54%
- YTD
- 37.04%
- 6M
- 43.92%
- 1Y
- 54.67%
- 3Y*
- 21.59%
- 5Y*
- —
- 10Y*
- —
USCI
- 1D
- -0.70%
- 1M
- 11.64%
- YTD
- 22.82%
- 6M
- 22.37%
- 1Y
- 32.16%
- 3Y*
- 20.66%
- 5Y*
- 21.59%
- 10Y*
- 9.00%
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PIT vs. USCI - Expense Ratio Comparison
PIT has a 0.55% expense ratio, which is lower than USCI's 1.03% expense ratio.
Return for Risk
PIT vs. USCI — Risk / Return Rank
PIT
USCI
PIT vs. USCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and United States Commodity Index Fund (USCI). 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.
| PIT | USCI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 1.76 | +0.83 |
Sortino ratioReturn per unit of downside risk | 3.18 | 2.28 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.30 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 4.85 | 2.76 | +2.10 |
Martin ratioReturn relative to average drawdown | 17.48 | 9.39 | +8.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIT | USCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 1.76 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.29 | +0.81 |
Correlation
The correlation between PIT and USCI is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PIT vs. USCI - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 6.51%, while USCI has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 6.51% | 8.92% | 3.59% | 6.44% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PIT vs. USCI - Drawdown Comparison
The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum USCI drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for PIT and USCI.
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Drawdown Indicators
| PIT | USCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.27% | -66.41% | +54.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -12.01% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.82% | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.70% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -29.82% | +25.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.53% | -0.29% |
Volatility
PIT vs. USCI - Volatility Comparison
VanEck Commodity Strategy ETF (PIT) has a higher volatility of 10.09% compared to United States Commodity Index Fund (USCI) at 6.98%. This indicates that PIT's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIT | USCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 6.98% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.34% | 13.85% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.28% | 18.38% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 18.42% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 15.78% | +1.26% |