ClearShares Piton Intermediate Fixed Income ETF (PIFI) Performance
PIFI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.6% since Dec 31, 2025
- 1 year
- −0.3% total return
- 5 years
- +1.1% a year
- Since first price
- +0.6% a year since 2020
PIFI trailing returns vs SPY, QQQ, AGG
| Period | PIFI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.0% | +0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.0% | −0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.0% | −2.8% | +7.8% | +8.4% | −1.5% |
| YTD | −0.6% | −3.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.3% | −3.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +13.5%+4.3%/yr | +3.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +5.4%+1.1%/yr | −6.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 2, 2020 | +3.9%+0.6%/yr | −8.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PIFI vs SPY
From Oct 2, 2020: PIFI grew to $10,394, SPY to $24,682.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PIFI returns by calendar year
3 of 5 full years positive. Best 2025 (+6.3%), worst 2022 (−7.2%). 2026 is year to date.
PIFI annual returns table
| Year | PIFI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.6% | −3.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.3% | −1.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.5% | −2.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +4.6% | −3.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.2% | −9.1% | −18.2% | −32.6% | −13.0% |
| 2021 | −1.3% | −1.8% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PIFI largest drawdowns
Now 1.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 31, 2020 | −10.6% | Oct 20, 2022 | Sep 10, 2024 | 1.8 years | 3.7 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PIFI risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +3.7% | +0.7% | +0.5% |
| Volatility (annualized) | 3.4% | 4.0% | 3.7% |
| Sharpe ratio | -0.19 | -0.73 | -0.68 |
| Sortino ratio | -0.26 | -0.88 | -0.82 |
| Best month | +2.5% | +2.5% | +2.5% |
| Worst month | −1.8% | −2.7% | −2.7% |
| Best 12 months | +8.8% | +8.8% | +8.8% |
| Worst 12 months | −0.8% | −8.7% | −8.7% |
| Positive months | 67% | 53% | 54% |
| Beta vs S&P 500 | 0.11 | 0.14 | — |
| Correlation with S&P 500 | 0.38 | 0.54 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PIFI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 61 | −8.7% | +2.1% | +8.8% | 64% |
| 3-year (a year) | 37 | −2.8% | +2.4% | +4.9% | 65% |
| 5-year (a year) | 13 | +0.7% | +0.9% | +1.4% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
PIFI performance overview
ClearShares Piton Intermediate Fixed Income ETF (PIFI) returned −0.3% over the past year and +1.1% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +0.6% a year, turning $10,000 into about $10,394. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −10.6%, from Dec 31, 2020 to Oct 20, 2022, and it took 1.9 years to get back to the old high. PIFI finished 3 of its 5 full calendar years with a gain; the best year was 2025 (+6.3%) and the worst 2022 (−7.2%). Volatility has been 3.7% a year.
Related: PIFI chart, PIFI dividends. See the PIFI overview for the latest quote and fund facts.
PIFI performance FAQ
What is the PIFI return over the past year?
PIFI returned −0.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.7%.
What is the average annual return of PIFI?
PIFI has returned +1.1% a year over 5 years, +0.6% a year since October 2, 2020 (total return, distributions reinvested).
How much would $10,000 invested in PIFI be worth?
$10,000 invested in PIFI at its first recorded close on October 2, 2020 would be worth about $10,394 on October 23, 2026 with distributions reinvested.
What was the worst year for PIFI?
The worst calendar year was 2022, with a total return of −7.2%. The best was 2025 at +6.3%.
What is the biggest drawdown of PIFI?
The largest peak-to-trough decline was −10.6% between December 31, 2020 and October 20, 2022. It recovered to the old high on September 10, 2024, 1.9 years after the bottom.
How volatile is PIFI?
Over the past 3 years PIFI had an annualized volatility of 3.4% and a Sharpe ratio of -0.19 (excess return over 1–3 month T-bills per unit of risk).