COMB vs. COM
Compare and contrast key facts about GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and Direxion Auspice Broad Commodity Strategy ETF (COM).
COMB and COM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COMB is an actively managed fund by GraniteShares. It was launched on May 22, 2017. COM is a passively managed fund by Direxion that tracks the performance of the Auspice Broad Commodity ER Index. It was launched on Mar 30, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COMB or COM.
Key characteristics
| COMB | COM | |
|---|---|---|
| YTD Return | 5.73% | 5.56% |
| 1Y Return | 4.46% | -3.50% |
| 3Y Return (Ann) | 5.70% | 5.90% |
| 5Y Return (Ann) | 7.45% | 9.28% |
| Sharpe Ratio | 0.48 | -0.50 |
| Daily Std Dev | 11.58% | 7.17% |
| Max Drawdown | -33.50% | -15.95% |
| Current Drawdown | -18.92% | -8.06% |
Correlation
The correlation between COMB and COM is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
COMB vs. COM - Performance Comparison
The year-to-date returns for both stocks are quite close, with COMB having a 5.73% return and COM slightly lower at 5.56%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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COMB vs. COM - Expense Ratio Comparison
COMB has a 0.25% expense ratio, which is lower than COM's 0.70% expense ratio.
Risk-Adjusted Performance
COMB vs. COM - Risk-Adjusted Performance 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.
Dividends
COMB vs. COM - Dividend Comparison
COMB's dividend yield for the trailing twelve months is around 5.51%, more than COM's 4.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 5.51% | 5.82% | 30.85% | 15.82% | 0.07% | 1.48% | 0.97% | 0.20% |
COM Direxion Auspice Broad Commodity Strategy ETF | 4.61% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% |
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. For additional features, visit the drawdowns tool.
Volatility
COMB vs. COM - Volatility Comparison
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has a higher volatility of 2.85% compared to Direxion Auspice Broad Commodity Strategy ETF (COM) at 2.52%. 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.