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PIT

GradeBChicago Board Options Exchange

VanEck Commodity Strategy ETF

Commodities · VanEck · Inception 2022-12-20

$82.80+0.50 (+0.61%)

As of Sep 23, 2026, 2:14 PM EDT

History starts Dec 22, 2022.
Intraday session: up, 43 prints from 82.30 to 82.80. Range 82.43 to 83.06. Use the arrow keys to read each point.$82.40$82.60$83.0010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$445M
1Y return
+66.8%
Yield · Last 12 months
5.72%
Holdings
34
Volume · 30D
0.1M sh
NAV per share
$82.50
52W range
low $52.62high $84.67

The ETF.net PIT Grade

B

56/ 100

Rank 7 of 23 in Broad Commodity Futures⁠

Confidence Medium

Six-pillar profile for PIT. Scores out of 100: Cost 66, Risk 41, Mission not scored, Tradability 57, Holdings not scored, Durability 42. Strongest: Cost (66). Weakest: Risk (41). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 66
    Category rank9/23 · top 39%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 41
    Category rank16/23 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank9/23 · top 39%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 42
    Category rank17/23 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on PIT

ETF.net Research

BMost broad commodity funds hand the wheel to an index. PIT is VanEck's active take: a compact book of commodity futures where a manager picks the exposures, priced below the typical fund in its group.

Stated mandate

The Fund seeks long-term capital appreciation through an actively managed portfolio focused primarily on commodity futures and related commodity instruments.

Why people hold it

  1. 01Active by design: roughly 30 futures and commodity-linked positions picked by VanEck's team instead of a fixed index recipe, with a stated goal of long-term capital appreciation.
  2. 020.55% a year sits below the typical broad commodity futures fund, so the active mandate does not carry an active price tag relative to the group.
  3. 03Exposure runs through exchange-traded commodity futures and commodity-linked instruments rather than bars in a vault, so there is no physical metal or barrel to store.
  4. 04Lands in the upper half of the broad commodity futures basket group on the fundamentals: cost, tradability and structure.

Worth knowing

  1. 01Commodity futures swing on weather, supply shocks and the dollar, and there are no stocks or bonds in here to soften a drawdown.
  2. 02Index-tracking rivals cost less: BCI at 0.26% and CMDY at 0.29% against 0.55% here. Active management is the thing you are paying the gap for.
  3. 03A December 2022 launch with distributions once or twice a year at most: short history, capital-appreciation mandate, not an income stream.

PIT Holdings

As of Sep 20, 2026, 6:07 AM
Asset class
Other
Holdings
34
Top-10 weight
100%
Largest holding
United States Treasury Bill35.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill35.44%161,545,000$160M11
002—United States Treasury Bill29.93%135,913,000$135M21
003—United States Treasury Bill27.28%123,503,000$123M25
004—Other/Cash5.04%0$23M45
005—-USD CASH-2.32%10,467,461$10M59

Showing 1–5 of 5 holdings

PIT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PIT$16,677
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PIT $16,677. SPY $11,723. Use the arrow keys to read each point.$8,925$13,321$17,717Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PIT. Periods over one year show the average yearly return.
PeriodPIT
Year to date+55.8%
1 month+4.2%
3 months+22.4%
1 year+66.8%
3 years+22.6%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PIT
YearReturn barPIT
2026 YTD+55.8%
2025+21.5%
2024+6.8%
2023−4.6%
2022+2.7%

History from Dec 22, 2022

PIT in the news

ETF.net Research hasn’t filed on PIT yet — coverage lands here as it’s written.

PIT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
5.72%Last 12 months
Payout per share
$4.71Last 12 months
Last payment
$4.71 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 18, 2023 $2.96; Dec 23, 2024 $1.70; Dec 22, 2025 $4.71. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$4.71
Dec 23, 2024Dec 24, 2024$1.70
Dec 18, 2023Dec 22, 2023$2.96

PIT Risk

How much the fund’s monthly returns vary, scaled to a year.
17.7%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.95
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−17.2%
45 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.13
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PIT Cost

Expense ratio0.55%
  • The middle half of Broad Commodity Futures funds
  • Median 0.72%

6 of the 21 Broad Commodity Futures funds charge less.

PIT costs $55.00 a year on $10,000. The median Broad Commodity Futures fund costs $72.00.