PIT vs. VOO
Compare and contrast key facts about VanEck Commodity Strategy ETF (PIT) and Vanguard S&P 500 ETF (VOO).
PIT and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIT or VOO.
Correlation
The correlation between PIT and VOO 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.
Performance
PIT vs. VOO - Performance Comparison
Key characteristics
PIT:
0.80
VOO:
1.89
PIT:
1.21
VOO:
2.54
PIT:
1.15
VOO:
1.35
PIT:
0.95
VOO:
2.83
PIT:
2.68
VOO:
11.83
PIT:
4.08%
VOO:
2.02%
PIT:
13.72%
VOO:
12.66%
PIT:
-12.27%
VOO:
-33.99%
PIT:
0.00%
VOO:
-0.42%
Returns By Period
In the year-to-date period, PIT achieves a 6.75% return, which is significantly higher than VOO's 4.17% return.
PIT
6.75%
2.22%
11.34%
11.17%
N/A
N/A
VOO
4.17%
1.23%
10.51%
24.45%
14.68%
13.26%
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PIT vs. VOO - Expense Ratio Comparison
PIT has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PIT vs. VOO — Risk-Adjusted Performance Rank
PIT
VOO
PIT vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PIT's dividend yield for the trailing twelve months is around 3.36%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
PIT vs. VOO - Drawdown Comparison
The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PIT and VOO. For additional features, visit the drawdowns tool.
Volatility
PIT vs. VOO - Volatility Comparison
The current volatility for VanEck Commodity Strategy ETF (PIT) is 2.64%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.94%. This indicates that PIT experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.