PYLD vs. PIT

Last updated Jun 24, 2026

PYLD (PIMCO Multisector Bond Active Exchange-Traded Fund) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - PYLD is a Multisector Bonds fund actively managed by PIMCO, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past 3 years, PYLD returned 8.06%/yr vs 18.98%/yr for PIT. At a correlation of -0.04, they often move in opposite directions. Both charge a 0.55% expense ratio.

Performance

PYLD vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and VanEck Commodity Strategy ETF (PIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PYLD achieves a 1.41% return, which is significantly lower than PIT's 25.62% return.

PYLD

• 1D: 0.23%
• 1M: 0.93%
• YTD: 1.41%
• 6M: 1.60%
• 1Y: 6.83%
• 3Y*: 8.06%
• 5Y*: —
• 10Y*: —

PIT

• 1D: -1.32%
• 1M: -11.78%
• YTD: 25.62%
• 6M: 23.58%
• 1Y: 39.64%
• 3Y*: 18.98%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PYLD vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	1.41%	9.57%	7.69%	5.46%
PIT VanEck Commodity Strategy ETF	25.62%	21.63%	6.77%	-0.11%

Correlation

The correlation between PYLD and PIT is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.22
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	-0.04

The correlation between PYLD and PIT shifts across timeframes, from -0.22 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PYLD vs. PIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PYLD

PYLD Risk / Return Rank: 65
PYLD Sharpe Ratio Rank: 72
PYLD Sortino Ratio Rank: 77
PYLD Omega Ratio Rank: 78
PYLD Calmar Ratio Rank: 44
PYLD Martin Ratio Rank: 57

PIT

PIT Risk / Return Rank: 57
PIT Sharpe Ratio Rank: 59
PIT Sortino Ratio Rank: 52
PIT Omega Ratio Rank: 56
PIT Calmar Ratio Rank: 56
PIT Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PYLD vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and VanEck Commodity Strategy ETF (PIT). 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.

	PYLD	PIT	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.85	+0.38
Sortino ratio: Return per unit of downside risk	3.26	2.40	+0.86
Omega ratio: Gain probability vs. loss probability	1.44	1.33	+0.11
Calmar ratio: Return relative to maximum drawdown	2.11	2.62	-0.51
Martin ratio: Return relative to average drawdown	9.56	10.88	-1.32

PYLD vs. PIT - Sharpe Ratio Comparison

The current PYLD Sharpe Ratio is 2.23, which is comparable to the PIT Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of PYLD and PIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PYLD vs. PIT - Drawdown Comparison

The maximum PYLD drawdown since its inception was -4.52%, smaller than the maximum PIT drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for PYLD and PIT.

Drawdown Indicators

	PYLD	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-4.52%	-15.19%	+10.67%
Max Drawdown (1Y) Largest decline over 1 year	-3.25%	-15.19%	+11.94%
Max Drawdown (3Y) Largest decline over 3 years	-4.52%	-15.19%	+10.67%
Current Drawdown Current decline from peak	-0.30%	-15.19%	+14.89%
Average Drawdown Average peak-to-trough decline	-0.64%	-4.08%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	3.66%	-2.94%

Volatility

PYLD vs. PIT - Volatility Comparison

The current volatility for PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is 1.07%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.72%. This indicates that PYLD experiences smaller price fluctuations and is considered to be less risky than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYLD	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	4.72%	-3.65%
Volatility (6M) Calculated over the trailing 6-month period	2.62%	19.40%	-16.78%
Volatility (1Y) Calculated over the trailing 1-year period	3.08%	21.66%	-18.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.99%	17.50%	-13.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.99%	17.50%	-13.51%

PYLD vs. PIT - Expense Ratio Comparison

Both PYLD and PIT have an expense ratio of 0.55%.

Dividends

PYLD vs. PIT - Dividend Comparison

PYLD's dividend yield for the trailing twelve months is around 6.27%, less than PIT's 7.10% yield.

Position	TTM	2025	2024	2023
PIT VanEck Commodity Strategy ETF	7.10%	8.92%	3.59%	6.44%
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund	6.27%	6.21%	6.40%	2.72%

Frequently Asked Questions

Can I hold both PYLD and PIT in my portfolio?

PYLD and PIT have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PYLD or PIT?

PIT has higher volatility (4.72%) compared to PYLD (1.07%). In terms of maximum drawdown, PYLD dropped -4.52% vs PIT's -15.19%.

Which ETF is better, PYLD or PIT?

On 3-year performance, PIT leads with 18.98% vs 8.06% for PYLD. Both ETFs have the same 0.55% expense ratio. On volatility, PYLD has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PYLD or PIT?

Over the 3-year period, PIT has performed better with a 18.98% return vs 8.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PYLD or PIT?

PYLD and PIT have the same expense ratio: 0.55% per year.

Which ETF pays a higher dividend yield, PYLD or PIT?

PIT has the higher dividend yield at 7.10%, compared with 6.27% for PYLD.

What is the main difference between PYLD and PIT?

PYLD is categorized as Multisector Bonds, while PIT is Commodities. They also come from different issuers: PIMCO and VanEck.

Which has better risk-adjusted returns?

PYLD currently has the higher Sharpe Ratio (2.23 vs 1.85), 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.