Skip to content
etf.net

Launched · SEC filings

VanEck Commodity Strategy ETF

PITCboeVanEckC

$81.15−3.22 (−3.82%)

As of Nov 2, 2026, 3:59 PM ET

C53/ 100

Rank 9 of 23 in Broad Commodity Futures

C53/100Rank 9 of 23inBroad Commodity Futures
Intraday session: down, 79 prints from 84.37 to 81.15. Range 81.07 to 82.26. Use the arrow keys to read each point.82.0083.0084.0010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$512M
1Y total return
+64.7%
Yield · Last 12 months
5.58%
Holdings
5
Avg volume · 30D
55.9K sh
52W range
low $52.62high $87.08
Launched
Filings
SEC EDGAR

The ETF.net PIT Grade

Based on 4 of 6 pillars

C

Score 53 out of 100

Category
Broad Commodity Futures⁠
Rank
9 of 23
Six-pillar profile for PIT. Scores out of 100: Cost 61, Risk 44, Mission not scored, Tradability 48, Holdings not scored, Durability 45. Strongest: Cost (61). Weakest: Risk (44). Based on 4 of 6 pillars.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B61 out of 100
    Rank 9 of 23

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 16 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 14 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C45 out of 100
    Rank 16 of 23

Our read on PIT

ETF.net Research

In short

CMost 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

  • Active 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.
  • 0.55% 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.
  • Exposure 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.
  • Lands in the upper half of the broad commodity futures basket group on the fundamentals: cost, tradability and structure.

Worth knowing

  • Commodity futures swing on weather, supply shocks and the dollar, and there are no stocks or bonds in here to soften a drawdown.
  • Index-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.
  • A December 2022 launch with distributions once or twice a year at most: short history, capital-appreciation mandate, not an income stream.

PIT Performance

Launched Dec 20, 2022

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

Not enough history yet.Not enough history yet.
PIT$16,471
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PIT $16,471. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+59.8%
1 month+2.9%
3 months+14.5%
1 year+64.7%
3 yearsper year+25.0%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+59.8%
2025+21.5%
2024+6.8%
2023−4.6%
2022+2.7%

History from Dec 22, 2022

PIT in the news

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 Oct 30, 2026.
5.58%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

$10,000 in PIT 3 years ago paid $1,797 in dividends.

PIT Risk

Risk pillarC44 out of 100Rank 16 of 23 in Broad Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
17.6%
Annualised · 36 months to Oct 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.
1.10
vs 3-month T-bills · to Oct 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%
46 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.

FMP measures it over up to five years of monthly returns.

PIT Cost

Compare PIT and SDMF

Overpaying vs SDMF, cheapest in Broad Commodity Futures

$6,547

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PIT 0.55%

    $10,904

  • SDMF 0.21% Cheapest

    $4,357

$10,000
30 years

Cost over time

  • PIT 0.55%
  • SDMF 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PIT $10,904SDMF $4,357

Year by year

YearPITSDMFOverpaying
10$988$383$605
20$3,790$1,491$2,299
30$10,904$4,357$6,547

Other funds in Broad Commodity Futures

See others