COMB vs. COM
COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) and COM (Direxion Auspice Broad Commodity Strategy ETF) are both Commodities funds. COMB is actively managed, while COM is passively managed. Over the past 5 years, COMB returned 10.03%/yr vs 8.18%/yr for COM. A 0.67 correlation means they provide meaningful diversification when combined. COMB charges 0.25%/yr vs 0.70%/yr for COM.
Performance
COMB vs. COM - Performance Comparison
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Returns By Period
In the year-to-date period, COMB achieves a 16.61% return, which is significantly higher than COM's 12.48% return.
COMB
- 1D
- -0.50%
- 1M
- -8.62%
- YTD
- 16.61%
- 6M
- 16.39%
- 1Y
- 21.96%
- 3Y*
- 12.10%
- 5Y*
- 10.03%
- 10Y*
- —
COM
- 1D
- -0.24%
- 1M
- -3.92%
- YTD
- 12.48%
- 6M
- 12.53%
- 1Y
- 18.69%
- 3Y*
- 6.70%
- 5Y*
- 8.18%
- 10Y*
- —
COMB vs. COM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between COMB and COM 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 COMB and COM 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
COMB vs. COM — Risk / Return Rank
COMB
COM
COMB vs. COM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and Direxion Auspice Broad Commodity Strategy ETF (COM). 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.
| COMB | COM | 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 | 1.24 | 1.33 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.76 | -0.93 |
| Martin ratioReturn relative to average drawdown | 6.76 | 9.09 | -2.34 |
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Drawdowns
COMB vs. COM - Drawdown Comparison
The maximum COMB drawdown since its inception was -33.50%, which is greater than COM's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for COMB and COM.
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Drawdown Indicators
| COMB | COM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -15.95% | -17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | -6.81% | -5.23% |
Max Drawdown (3Y)Largest decline over 3 years | -12.04% | -8.50% | -3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -14.02% | -12.61% |
Current DrawdownCurrent decline from peak | -12.04% | -6.61% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -6.28% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.10% | +1.46% |
Volatility
COMB vs. COM - Volatility Comparison
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has a higher volatility of 3.57% compared to Direxion Auspice Broad Commodity Strategy ETF (COM) at 2.13%. This indicates that COMB's price experiences larger fluctuations and is considered to be riskier than COM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMB | COM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 2.13% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 8.54% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 10.54% | +6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 9.53% | +7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 9.76% | +5.37% |
COMB vs. COM - Expense Ratio Comparison
COMB has a 0.25% expense ratio, which is lower than COM's 0.70% expense ratio.
Dividends
COMB vs. COM - Dividend Comparison
COMB's dividend yield for the trailing twelve months is around 7.76%, more than COM's 2.51% 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
COMB and COM 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, COMB dropped -33.50% vs COM's -15.95%.
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: GraniteShares and Direxion. Their fees differ too: 0.25% for COMB and 0.70% for COM.
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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