COM vs. COMB
COM (Direxion Auspice Broad Commodity Strategy ETF) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both Commodities funds. COM is passively managed, while COMB is actively managed. Over the past 5 years, COM returned 8.18%/yr vs 10.03%/yr for COMB. A 0.67 correlation means they provide meaningful diversification when combined. COM charges 0.70%/yr vs 0.25%/yr for COMB.
Performance
COM vs. COMB - Performance Comparison
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Returns By Period
In the year-to-date period, COM achieves a 12.48% return, which is significantly lower than COMB's 16.61% return.
COM
- 1D
- -0.24%
- 1M
- -3.92%
- YTD
- 12.48%
- 6M
- 12.53%
- 1Y
- 18.69%
- 3Y*
- 6.70%
- 5Y*
- 8.18%
- 10Y*
- —
COMB
- 1D
- -0.50%
- 1M
- -8.62%
- YTD
- 16.61%
- 6M
- 16.39%
- 1Y
- 21.96%
- 3Y*
- 12.10%
- 5Y*
- 10.03%
- 10Y*
- —
COM vs. COMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 12.48% | 7.72% | 5.81% | -2.09% | 9.17% | 28.00% | 6.63% | -0.18% | -0.03% | 0.12% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 16.61% | 15.12% | 5.24% | -7.75% | 14.56% | 26.34% | -2.95% | 7.02% | -11.41% | 4.98% |
Correlation
The correlation between COM and COMB is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.67 |
The correlation between COM and COMB shifts across timeframes, from 0.67 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
COM vs. COMB — Risk / Return Rank
COM
COMB
COM vs. COMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COM | COMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.83 | +0.93 |
| Martin ratioReturn relative to average drawdown | 9.09 | 6.76 | +2.34 |
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Drawdowns
COM vs. COMB - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, smaller than the maximum COMB drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for COM and COMB.
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Drawdown Indicators
| COM | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -33.50% | +17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -12.04% | +5.23% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -12.04% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -26.63% | +12.61% |
Current DrawdownCurrent decline from peak | -6.61% | -12.04% | +5.43% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -12.04% | +5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 3.56% | -1.46% |
Volatility
COM vs. COMB - Volatility Comparison
The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 2.13%, while GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has a volatility of 3.57%. This indicates that COM experiences smaller price fluctuations and is considered to be less risky than COMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COM | COMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 3.57% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 15.19% | -6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 17.31% | -6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 16.68% | -7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.76% | 15.13% | -5.37% |
COM vs. COMB - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is higher than COMB's 0.25% expense ratio.
Dividends
COM vs. COMB - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 2.51%, less than COMB's 7.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 2.51% | 2.99% | 3.88% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 7.76% | 9.05% | 2.48% | 6.57% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% |
Frequently Asked Questions
COM and COMB have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMB has higher volatility (3.57%) compared to COM (2.13%). In terms of maximum drawdown, COM dropped -15.95% vs COMB's -33.50%.
On 5-year performance, COMB leads with 10.03% vs 8.18% for COM. On fees, COMB is cheaper at 0.25% per year. On volatility, COM has been the lower-risk option at 2.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COMB has performed better with a 10.03% return vs 8.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COMB is cheaper with a 0.25% expense ratio, compared with 0.70% for COM.
COMB has the higher dividend yield at 7.76%, compared with 2.51% for COM.
They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.70% for COM and 0.25% for COMB.
COM currently has the higher Sharpe Ratio (1.79 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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