- ISIN
- US38747R1086
- CUSIP
- 38747R108
- Issuer
- GraniteShares
- Inception Date
- May 22, 2017
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $161M
Share Price Chart
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Performance
COMB Performance Chart
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) is up 21.0% since the beginning of the year. COMB is currently trading at $26 per share. Investors who bought $1,000 worth of COMB shares 5 years ago would now be looking at an investment worth $1,617.
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Returns By Period
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has returned 20.99% so far this year and 31.29% over the past 12 months.
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
- 1D
- -1.28%
- 1M
- -4.99%
- YTD
- 20.99%
- 6M
- 21.24%
- 1Y
- 31.29%
- 3Y*
- 14.09%
- 5Y*
- 10.09%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
COMB Monthly Returns History
Based on dividend-adjusted daily data since May 24, 2017, COMB's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 55% of months were positive and 45% were negative. The best month was Mar 2026 with a return of +11.6%, while the worst month was Mar 2020 at -13.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, COMB closed higher 53% of trading days. The best single day was Mar 7, 2022 with a return of +4.0%, while the worst single day was Mar 9, 2022 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.18% | 0.30% | 11.58% | 4.32% | -3.76% | -3.15% | 20.99% | ||||||
| 2025 | 3.91% | 0.89% | 3.75% | -5.15% | -0.33% | 2.32% | -0.58% | 1.97% | 2.44% | 2.61% | 3.22% | -0.54% | 15.12% |
| 2024 | 0.41% | -1.68% | 3.58% | 2.23% | 2.02% | -1.75% | -3.54% | -0.32% | 4.68% | -1.33% | 0.20% | 0.93% | 5.24% |
| 2023 | -0.49% | -4.96% | -0.09% | -0.85% | -5.79% | 4.03% | 6.46% | -0.79% | -1.01% | 0.56% | -2.67% | -1.81% | -7.75% |
| 2022 | 8.50% | 6.72% | 8.05% | 3.83% | 1.98% | -10.89% | 3.70% | -0.13% | -7.91% | 1.52% | 3.41% | -3.09% | 14.56% |
| 2021 | 2.17% | 6.50% | -2.39% | 8.54% | 2.51% | 2.23% | 1.44% | -0.49% | 5.06% | 2.72% | -7.34% | 3.59% | 26.34% |
Benchmark Metrics
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has an annualized alpha of 4.92%, beta of 0.24, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since May 24, 2017.
- This ETF participated in 38.50% of S&P 500 Index downside but only 37.78% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R2 of 0.09 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.09 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.92%
- Beta
- 0.24
- R²
- 0.09
- Upside Capture
- 37.78%
- Downside Capture
- 38.50%
Expense Ratio
COMB has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
COMB ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and compare them to S&P 500 Index.
| COMB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 2.54 | +1.06 |
| Martin ratioReturn relative to average drawdown | 10.16 | 11.58 | -1.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF provided a 7.48% dividend yield over the last twelve months, with an annual payout of $1.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.91 | $1.91 | $0.49 | $1.28 | $6.94 | $4.06 | $0.02 | $0.36 | $0.22 | $0.05 |
Dividend yield | 7.48% | 9.05% | 2.48% | 6.57% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.91 | $1.91 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.28 | $1.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.94 | $6.94 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.06 | $4.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF was 33.50%, occurring on Apr 21, 2020. Recovery took 255 trading sessions.
The current GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF drawdown is 8.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.50%Apr 2020 | 1y 11mo | 1y 5d | 2y 11moMay 2018 - Apr 2021 |
2023 bear market2023 | -26.63%May 2023 | 11mo 27d | 2y 7mo | 3y 7moJun 2022 - Jan 2026 |
Bear market2022 | -10.79%Mar 2022 | 6d | 1mo 4d | 1mo 10dMar 2022 - Apr 2022 |
2021 correction2021 | -10.77%Dec 2021 | 1mo 6d | 1mo 27d | 3mo 3dOct 2021 - Jan 2022 |
2026 pullback2026 | -8.74%Jun 2026 | 27d | — | 28d 18hMay 2026 - now |
Drawdown Indicators
| COMB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -56.78% | +23.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -9.10% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -11.35% | -18.90% | +7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -25.43% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.74% | -2.93% | -5.81% |
Average DrawdownAverage peak-to-trough decline | -12.05% | -10.72% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.99% | +1.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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