Commodities and Bitcoin Strategy ETF (PIT) Performance
PIT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +62.5% since Dec 31, 2025
- 1 year
- +65.9% total return
- 3 years
- +25.0% a year
- Since first price
- +20.9% a year since 2022
PIT trailing returns vs SPY, QQQ, AGG
| Period | PIT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.0% | +3.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +13.6% | +13.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +15.9% | +15.9% | +7.8% | +8.4% | −1.5% |
| YTD | +62.5% | +62.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +65.9% | +52.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +95.4%+25.0%/yr | +62.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionDec 22, 2022 | +106.9%+20.9%/yr | +72.1% | — | — | — |
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: PIT vs SPY
From Dec 22, 2022: PIT grew to $20,692, SPY to $20,928.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PIT returns by calendar year
2 of 3 full years positive. Best 2025 (+21.6%), worst 2023 (−4.5%). 2026 is year to date.
PIT annual returns table
| Year | PIT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +62.5% | −17.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.6% | −11.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.8% | −10.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −4.5% | −12.3% | +26.2% | +54.9% | +5.7% |
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.
PIT largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 12, 2026 | −17.2% | Jun 24, 2026 | Aug 20, 2026 | 43 days | 3 months |
| Sep 14, 2023 | −12.3% | Dec 12, 2023 | Jan 15, 2025 | 3 months | 1.3 years |
| Apr 2, 2025 | −11.7% | Apr 8, 2025 | Jun 13, 2025 | 6 days | 2 months |
| Dec 30, 2022 | −11.4% | May 31, 2023 | Jul 24, 2023 | 5 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PIT risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +23.1% | +19.1% |
| Volatility (annualized) | 17.8% | 17.3% |
| Sharpe ratio | 1.01 | 0.84 |
| Sortino ratio | 2.15 | 1.70 |
| Best month | +18.5% | +18.5% |
| Worst month | −9.1% | −9.1% |
| Best 12 months | +74.6% | +74.6% |
| Worst 12 months | −3.4% | −4.5% |
| Positive months | 64% | 60% |
| Beta vs S&P 500 | -0.25 | — |
| Correlation with S&P 500 | -0.17 | — |
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.
PIT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 35 | −4.5% | +10.9% | +74.6% | 86% |
| 3-year (a year) | 11 | +7.4% | +21.6% | +25.7% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
PIT performance overview
Commodities and Bitcoin Strategy ETF (PIT) returned +65.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +20.9% a year, turning $10,000 into about $20,692. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.2%, from May 12, 2026 to Jun 24, 2026, and it took 57 days to get back to the old high. PIT finished 2 of its 3 full calendar years with a gain; the best year was 2025 (+21.6%) and the worst 2023 (−4.5%). Volatility has been 17.3% a year.
Related: PIT chart, PIT dividends. See the PIT overview for the latest quote and fund facts.
PIT performance FAQ
What is the PIT return over the past year?
PIT returned +65.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 52.1%.
How much would $10,000 invested in PIT be worth?
$10,000 invested in PIT at its first recorded close on December 22, 2022 would be worth about $20,692 on October 23, 2026 with distributions reinvested.
What was the worst year for PIT?
The worst calendar year was 2023, with a total return of −4.5%. The best was 2025 at +21.6%.
What is the biggest drawdown of PIT?
The largest peak-to-trough decline was −17.2% between May 12, 2026 and June 24, 2026. It recovered to the old high on August 20, 2026, 57 days after the bottom.
How volatile is PIT?
Over the past 3 years PIT had an annualized volatility of 17.8% and a Sharpe ratio of 1.01 (excess return over 1–3 month T-bills per unit of risk).