COMB vs. COMT
Compare and contrast key facts about GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and iShares Commodities Select Strategy ETF (COMT).
COMB and COMT 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. COMT is an actively managed fund by iShares. It was launched on Oct 15, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COMB or COMT.
Performance
COMB vs. COMT - Performance Comparison
Returns By Period
In the year-to-date period, COMB achieves a 3.40% return, which is significantly lower than COMT's 3.71% return.
COMB
3.40%
-0.48%
-6.61%
1.28%
6.81%
N/A
COMT
3.71%
0.23%
-5.90%
0.39%
6.35%
0.45%
Key characteristics
| COMB | COMT | |
|---|---|---|
| Sharpe Ratio | 0.13 | 0.13 |
| Sortino Ratio | 0.27 | 0.28 |
| Omega Ratio | 1.03 | 1.03 |
| Calmar Ratio | 0.06 | 0.07 |
| Martin Ratio | 0.30 | 0.42 |
| Ulcer Index | 5.24% | 4.63% |
| Daily Std Dev | 11.93% | 14.89% |
| Max Drawdown | -33.50% | -51.89% |
| Current Drawdown | -20.71% | -22.48% |
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COMB vs. COMT - Expense Ratio Comparison
COMB has a 0.25% expense ratio, which is lower than COMT's 0.48% expense ratio.
Correlation
The correlation between COMB and COMT is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
COMB vs. COMT - 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 iShares Commodities Select Strategy ETF (COMT). 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. COMT - Dividend Comparison
COMB's dividend yield for the trailing twelve months is around 5.63%, more than COMT's 5.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 5.63% | 5.83% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% | 0.00% | 0.00% | 0.00% |
COMT iShares Commodities Select Strategy ETF | 5.01% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% | 0.56% |
Drawdowns
COMB vs. COMT - Drawdown Comparison
The maximum COMB drawdown since its inception was -33.50%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for COMB and COMT. For additional features, visit the drawdowns tool.
Volatility
COMB vs. COMT - Volatility Comparison
The current volatility for GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) is 4.02%, while iShares Commodities Select Strategy ETF (COMT) has a volatility of 5.51%. This indicates that COMB experiences smaller price fluctuations and is considered to be less risky than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.