XMVM vs. PIT
XMVM (Invesco S&P MidCap Value with Momentum ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - XMVM is a Momentum fund tracking the S&P MidCap 400 High Momentum Value Index, while PIT is a Commodities fund actively managed by VanEck. XMVM is passively managed, while PIT is actively managed. Over the past 3 years, XMVM returned 17.68%/yr vs 18.65%/yr for PIT. At a 0.14 correlation, their price movements are largely independent. XMVM charges 0.39%/yr vs 0.55%/yr for PIT.
Performance
XMVM vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, XMVM achieves a 9.41% return, which is significantly lower than PIT's 28.27% return.
XMVM
- 1D
- -0.03%
- 1M
- 3.04%
- YTD
- 9.41%
- 6M
- 7.97%
- 1Y
- 31.96%
- 3Y*
- 17.68%
- 5Y*
- 11.85%
- 10Y*
- 11.84%
PIT
- 1D
- 0.40%
- 1M
- -12.96%
- YTD
- 28.27%
- 6M
- 30.88%
- 1Y
- 39.28%
- 3Y*
- 18.65%
- 5Y*
- —
- 10Y*
- —
XMVM vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XMVM Invesco S&P MidCap Value with Momentum ETF | 9.41% | 18.46% | 11.73% | 16.31% | -0.81% |
PIT VanEck Commodity Strategy ETF | 28.27% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between XMVM and PIT is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.14 |
The correlation between XMVM and PIT shifts across timeframes, from -0.06 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMVM vs. PIT — Risk / Return Rank
XMVM
PIT
XMVM vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Value with Momentum ETF (XMVM) 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.
| XMVM | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 2.87 | +0.63 |
| Martin ratioReturn relative to average drawdown | 10.82 | 11.34 | -0.52 |
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Drawdowns
XMVM vs. PIT - Drawdown Comparison
The maximum XMVM drawdown since its inception was -62.83%, which is greater than PIT's maximum drawdown of -13.74%. Use the drawdown chart below to compare losses from any high point for XMVM and PIT.
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Drawdown Indicators
| XMVM | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.83% | -13.74% | -49.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -13.74% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.12% | -13.74% | -10.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | — | — |
Current DrawdownCurrent decline from peak | -2.43% | -13.40% | +10.97% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -4.06% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.48% | -0.52% |
Volatility
XMVM vs. PIT - Volatility Comparison
The current volatility for Invesco S&P MidCap Value with Momentum ETF (XMVM) is 3.34%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 4.96%. This indicates that XMVM 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.
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Volatility by Period
| XMVM | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 4.96% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 19.37% | -9.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 21.60% | -6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 17.50% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 17.50% | +5.30% |
XMVM vs. PIT - Expense Ratio Comparison
XMVM has a 0.39% expense ratio, which is lower than PIT's 0.55% expense ratio.
Dividends
XMVM vs. PIT - Dividend Comparison
XMVM's dividend yield for the trailing twelve months is around 1.93%, less than PIT's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIT VanEck Commodity Strategy ETF | 6.95% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMVM Invesco S&P MidCap Value with Momentum ETF | 1.93% | 2.07% | 1.43% | 1.57% | 1.76% | 1.10% | 1.37% | 1.73% | 2.87% | 2.22% | 2.27% | 2.58% |
Frequently Asked Questions
XMVM and PIT have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIT has higher volatility (4.96%) compared to XMVM (3.34%). In terms of maximum drawdown, XMVM dropped -62.83% vs PIT's -13.74%.
On 3-year performance, PIT leads with 18.65% vs 17.68% for XMVM. On fees, XMVM is cheaper at 0.39% per year. On volatility, XMVM has been the lower-risk option at 3.34%. 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 18.65% return vs 17.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMVM is cheaper with a 0.39% expense ratio, compared with 0.55% for PIT.
PIT has the higher dividend yield at 6.95%, compared with 1.93% for XMVM.
XMVM is categorized as Momentum, while PIT is Commodities. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.39% for XMVM and 0.55% for PIT.
XMVM currently has the higher Sharpe Ratio (2.11 vs 1.83), 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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