WANT vs. PIT
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while PIT is a Commodities fund actively managed by VanEck. WANT is passively managed, while PIT is actively managed. Over the past 3 years, WANT returned 9.94%/yr vs 18.98%/yr for PIT. At a 0.01 correlation, their price movements are largely independent. WANT charges 0.98%/yr vs 0.55%/yr for PIT.
Performance
WANT vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, WANT achieves a -21.36% return, which is significantly lower than PIT's 25.62% return.
WANT
- 1D
- -3.36%
- 1M
- -14.54%
- YTD
- -21.36%
- 6M
- -26.83%
- 1Y
- -0.82%
- 3Y*
- 9.94%
- 5Y*
- -8.83%
- 10Y*
- —
PIT
- 1D
- -1.32%
- 1M
- -11.78%
- YTD
- 25.62%
- 6M
- 23.58%
- 1Y
- 39.64%
- 3Y*
- 18.98%
- 5Y*
- —
- 10Y*
- —
WANT vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -21.36% | -6.94% | 60.52% | 114.43% | -7.13% |
PIT VanEck Commodity Strategy ETF | 25.62% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between WANT and PIT is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.01 |
The correlation between WANT and PIT shifts across timeframes, from -0.14 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WANT vs. PIT — Risk / Return Rank
WANT
PIT
WANT vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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.
| WANT | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.33 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.62 | -2.64 |
| Martin ratioReturn relative to average drawdown | -0.05 | 10.88 | -10.93 |
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Drawdowns
WANT vs. PIT - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, which is greater than PIT's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for WANT and PIT.
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Drawdown Indicators
| WANT | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -15.19% | -70.70% |
Max Drawdown (1Y)Largest decline over 1 year | -41.27% | -15.19% | -26.08% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | -15.19% | -48.34% |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | — | — |
Current DrawdownCurrent decline from peak | -62.10% | -15.19% | -46.91% |
Average DrawdownAverage peak-to-trough decline | -43.16% | -4.08% | -39.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.14% | 3.66% | +12.48% |
Volatility
WANT vs. PIT - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 19.12% compared to VanEck Commodity Strategy ETF (PIT) at 4.72%. This indicates that WANT's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WANT | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.12% | 4.72% | +14.40% |
Volatility (6M)Calculated over the trailing 6-month period | 41.03% | 19.40% | +21.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.06% | 21.66% | +33.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.98% | 17.50% | +53.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.48% | 17.50% | +53.98% |
WANT vs. PIT - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
WANT vs. PIT - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.68%, less than PIT's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 7.10% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.68% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% |
Frequently Asked Questions
WANT and PIT have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WANT has higher volatility (19.12%) compared to PIT (4.72%). In terms of maximum drawdown, WANT dropped -85.89% vs PIT's -15.19%.
On 3-year performance, PIT leads with 18.98% vs 9.94% for WANT. On fees, PIT is cheaper at 0.55% per year. On volatility, PIT has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PIT has performed better with a 18.98% return vs 9.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PIT is cheaper with a 0.55% expense ratio, compared with 0.98% for WANT.
PIT has the higher dividend yield at 7.10%, compared with 0.68% for WANT.
WANT is categorized as Leveraged Equities, while PIT is Commodities. They also come from different issuers: Direxion and VanEck. Their fees differ too: 0.98% for WANT and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (1.85 vs -0.02), 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.
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