ZSB vs. PIT

Last updated Aug 2, 2026

ZSB (USCF Sustainable Battery Metals Strategy Fund) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - ZSB is a Lithium & Battery Metals fund tracking the S&P GSCI Electric Vehicle Meals Index, while PIT is a Commodities fund actively managed by VanEck. ZSB is passively managed, while PIT is actively managed. Over the past 3 years, ZSB returned 1.20%/yr vs 19.64%/yr for PIT. Their 0.29 correlation means their historical movements had little consistent relationship. ZSB charges 0.59%/yr vs 0.55%/yr for PIT.

Performance

ZSB vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Sustainable Battery Metals Strategy Fund (ZSB) 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, ZSB achieves a 2.41% return, which is significantly lower than PIT's 39.56% return.

ZSB

• 1D: -0.91%
• 1M: -0.65%
• 6M: -5.21%
• YTD: 2.41%
• 1Y: 53.88%
• 3Y*: 1.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -2.10%

PIT

• 1D: -0.05%
• 1M: 12.06%
• 6M: 25.04%
• YTD: 39.56%
• 1Y: 56.01%
• 3Y*: 19.64%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PIT VanEck Commodity Strategy ETF	$1.38M	$2.80M	$3.76M
ZSB USCF Sustainable Battery Metals Strategy Fund	$1.74K	$3.93K	$10.44K

ZSB vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ZSB USCF Sustainable Battery Metals Strategy Fund	2.41%	64.34%	-19.70%	-31.38%
PIT VanEck Commodity Strategy ETF	39.56%	21.63%	6.77%	-0.37%

Correlation

The correlation between ZSB and PIT is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.20
Correlation (3Y) Balances recent behavior with more history.	0.31
Correlation (All Time) Calculated using the full available price history since Jan 11, 2023	0.29

The correlation between ZSB and PIT shifts across timeframes, from 0.20 (1 year) to 0.31 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

ZSB vs. PIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ZSB

ZSB Risk / Return Rank: 78
ZSB Sharpe Ratio Rank: 85
ZSB Sortino Ratio Rank: 77
ZSB Omega Ratio Rank: 86
ZSB Calmar Ratio Rank: 83
ZSB Martin Ratio Rank: 59

PIT

PIT Risk / Return Rank: 88
PIT Sharpe Ratio Rank: 93
PIT Sortino Ratio Rank: 89
PIT Omega Ratio Rank: 90
PIT Calmar Ratio Rank: 84
PIT Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ZSB vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Sustainable Battery Metals Strategy Fund (ZSB) 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.

	ZSB	PIT	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.47	-0.44
Sortino ratio: Return per unit of downside risk	2.50	3.08	-0.57
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.04
Calmar ratio: Return relative to maximum drawdown	3.16	3.19	-0.04
Martin ratio: Return relative to average drawdown	7.10	10.87	-3.77

ZSB vs. PIT - Sharpe Ratio Comparison

The current ZSB Sharpe Ratio is 2.02, which is comparable to the PIT Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of ZSB 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

ZSB vs. PIT - Drawdown Comparison

The maximum ZSB drawdown since its inception was -49.26%, which is greater than PIT's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for ZSB and PIT.

Drawdown Indicators

	ZSB	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-49.26%	-17.20%	-32.06%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-17.20%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-38.40%	-17.20%	-21.20%
Current Drawdown Current decline from peak	-13.65%	-5.78%	-7.87%
Average Drawdown Average peak-to-trough decline	-30.05%	-4.27%	-25.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.43%	5.05%	+2.38%

Volatility

ZSB vs. PIT - Volatility Comparison

The current volatility for USCF Sustainable Battery Metals Strategy Fund (ZSB) is 3.57%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 6.47%. This indicates that ZSB 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

	ZSB	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	6.47%	-2.90%
Volatility (6M) Calculated over the trailing 6-month period	20.54%	19.93%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	26.15%	22.30%	+3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	17.70%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.48%	17.70%	+1.78%

ZSB vs. PIT - Expense Ratio Comparison

ZSB has a 0.59% expense ratio, which is higher than PIT's 0.55% expense ratio.

Dividends

ZSB vs. PIT - Dividend Comparison

ZSB's dividend yield for the trailing twelve months is around 0.90%, less than PIT's 6.39% yield.

Position	TTM	2025	2024	2023
PIT VanEck Commodity Strategy ETF	6.39%	8.92%	3.59%	6.44%
ZSB USCF Sustainable Battery Metals Strategy Fund	0.90%	0.92%	2.96%	3.59%

Frequently Asked Questions

Can I hold both ZSB and PIT in my portfolio?

ZSB and PIT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZSB or PIT?

PIT has higher volatility (6.47%) compared to ZSB (3.57%). In terms of maximum drawdown, ZSB dropped -49.26% vs PIT's -17.20%.

Which ETF is better, ZSB or PIT?

On 3-year performance, PIT leads with 19.64% vs 1.20% for ZSB. On fees, PIT is cheaper at 0.55% per year. On volatility, ZSB has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZSB or PIT?

Over the 3-year period, PIT has performed better with a 19.64% return vs 1.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZSB or PIT?

PIT is cheaper with a 0.55% expense ratio, compared with 0.59% for ZSB.

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

PIT has the higher dividend yield at 6.39%, compared with 0.90% for ZSB.

What is the main difference between ZSB and PIT?

ZSB is categorized as Lithium & Battery Metals, while PIT is Commodities. They also come from different issuers: USCF and VanEck. Their fees differ too: 0.59% for ZSB and 0.55% for PIT.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (2.47 vs 2.02), 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.