Skip to content
etf.net

Launched · SEC filings

VanEck Commodity Strategy ETF

PITCboeB

$84.86+0.95 (+1.13%)

As of Oct 13, 2026, 3:59 PM

B56/ 100

Rank 8 of 23 in Broad Commodity Futures

B56/100Rank 8 of 23inBroad Commodity Futures
Intraday session: up, 55 prints from 83.91 to 84.86. Range 84.17 to 84.86. Use the arrow keys to read each point.84.2084.4084.6010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$475M
1Y total return
+68.5%
Yield · Last 12 months
5.61%
Holdings
5
Avg volume · 30D
0.1M sh
NAV per share
$84.09
52W range
low $52.62high $84.98
Launched
Filings
SEC EDGAR

The ETF.net PIT Grade

Based on 4 of 6 pillars

B

Score 56 out of 100

Category
Broad Commodity Futures⁠
Rank
8 of 23
Six-pillar profile for PIT. Scores out of 100: Cost 66, Risk 43, Mission not scored, Tradability 55, Holdings not scored, Durability 44. Strongest: Cost (66). Weakest: Risk (43). Based on 4 of 6 pillars.

Score 56 of 100 falls in the B 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.
    B66 out of 100
    Rank 8 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.
    C43 out of 100
    Rank 15 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 12 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.
    C44 out of 100
    Rank 17 of 23

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 Oct 13, 2026
Asset class
Other
Holdings
5
Top-10 weight
100%
Largest holding
United States Treasury Bill38.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill38.81%184,704,000$184M15
002—United States Treasury Bill30.74%145,754,000$145M22
003—United States Treasury Bill26.12%124,764,000$124M21
004—Other/Cash3.19%0$15M41
005—-Usd Cash-1.15%5,428,083$5M69

Showing 1–5 of 5 holdings

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$16,848
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. PIT $16,848. SPY $12,044. Use the arrow keys to read each point.$9,190$13,361$17,531Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+58.9%
1 month+0.9%
3 months+22.7%
1 year+68.5%
3 yearsper year+25.3%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+58.9%
2025+21.5%
2024+6.8%
2023−4.6%
2022+2.7%

History from Dec 22, 2022

PIT in the news

Filtered to PIT · Broad Commodity Futures

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 12, 2026.
5.61%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.
17.8%
Annualised · 36 months to Sep 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.
1.00
vs 3-month T-bills · to Sep 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 0.70%

6 of the 22 Broad Commodity Futures funds charge less.

PIT costs $55.00 a year on $10,000. The median Broad Commodity Futures fund costs $70.50.

Other funds in Broad Commodity Futures

See others