ZSB vs. PIT

Last updated Apr 3, 2026

Compare and contrast key facts about USCF Sustainable Battery Metals Strategy Fund (ZSB) and VanEck Commodity Strategy ETF (PIT).

ZSB and PIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZSB is a passively managed fund by USCF that tracks the performance of the S&P GSCI Electric Vehicle Meals Index. It was launched on Jan 10, 2023. PIT is an actively managed fund by VanEck. It was launched on Dec 20, 2022.

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.

ZSB vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ZSB USCF Sustainable Battery Metals Strategy Fund	5.29%	64.34%	-19.70%	-31.38%
PIT VanEck Commodity Strategy ETF	40.62%	21.63%	6.77%	-1.46%

Returns By Period

In the year-to-date period, ZSB achieves a 5.29% return, which is significantly lower than PIT's 40.62% return.

ZSB

• 1D: -1.81%
• 1M: 1.20%
• YTD: 5.29%
• 6M: 33.68%
• 1Y: 52.55%
• 3Y*: 0.85%
• 5Y*: —
• 10Y*: —

PIT

• 1D: 3.46%
• 1M: 17.04%
• YTD: 40.62%
• 6M: 48.71%
• 1Y: 57.80%
• 3Y*: 21.76%
• 5Y*: —
• 10Y*: —

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

ZSB vs. PIT - Expense Ratio Comparison

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

ZSB

USCF Sustainable Battery Metals Strategy Fund

PIT

VanEck Commodity Strategy ETF

Return for Risk

ZSB vs. PIT — Risk / Return Rank

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

ZSB

ZSB Risk / Return Rank: 82
ZSB Sharpe Ratio Rank: 89
ZSB Sortino Ratio Rank: 86
ZSB Omega Ratio Rank: 88
ZSB Calmar Ratio Rank: 84
ZSB Martin Ratio Rank: 64

PIT

PIT Risk / Return Rank: 96
PIT Sharpe Ratio Rank: 96
PIT Sortino Ratio Rank: 96
PIT Omega Ratio Rank: 95
PIT Calmar Ratio Rank: 96
PIT Martin Ratio Rank: 96

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.

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.

	ZSB	PIT	Difference
Sharpe ratio Return per unit of total volatility	1.97	2.70	-0.73
Sortino ratio Return per unit of downside risk	2.43	3.31	-0.88
Omega ratio Gain probability vs. loss probability	1.38	1.48	-0.10
Calmar ratio Return relative to maximum drawdown	3.09	5.04	-1.95
Martin ratio Return relative to average drawdown	8.08	18.15	-10.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZSB vs. PIT - Sharpe Ratio Comparison

The current ZSB Sharpe Ratio is 1.97, which is comparable to the PIT Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of ZSB and PIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZSB	PIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.70	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	1.15	-1.22

Correlation

The correlation between ZSB and PIT is 0.32, 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.

Dividends

ZSB vs. PIT - Dividend Comparison

ZSB's dividend yield for the trailing twelve months is around 0.87%, less than PIT's 6.34% yield.

	TTM	2025	2024	2023
ZSB USCF Sustainable Battery Metals Strategy Fund	0.87%	0.92%	2.96%	3.59%
PIT VanEck Commodity Strategy ETF	6.34%	8.92%	3.59%	6.44%

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 -12.27%. 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%	-12.27%	-36.99%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-9.27%	-7.48%
Current Drawdown Current decline from peak	-11.23%	0.00%	-11.23%
Average Drawdown Average peak-to-trough decline	-32.26%	-4.05%	-28.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	3.24%	+3.17%

Volatility

ZSB vs. PIT - Volatility Comparison

USCF Sustainable Battery Metals Strategy Fund (ZSB) has a higher volatility of 11.89% compared to VanEck Commodity Strategy ETF (PIT) at 10.55%. This indicates that ZSB'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.

Volatility by Period

	ZSB	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.89%	10.55%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	22.62%	17.64%	+4.98%
Volatility (1Y) Calculated over the trailing 1-year period	26.76%	21.52%	+5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	17.13%	+2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	17.13%	+2.64%