COMB vs. DCMSX

Last updated Jun 4, 2026

COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) and DCMSX (DFA Commodity Strategy Portfolio) are both Commodities funds. Over the past 5 years, COMB returned 11.27%/yr vs 12.32%/yr for DCMSX. Their correlation of 0.92 suggests significant overlap in exposure. COMB charges 0.25%/yr vs 0.31%/yr for DCMSX.

Performance

COMB vs. DCMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and DFA Commodity Strategy Portfolio (DCMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COMB achieves a 26.81% return, which is significantly lower than DCMSX's 30.71% return.

COMB

• 1D: 0.03%
• 1M: -2.98%
• YTD: 26.81%
• 6M: 25.89%
• 1Y: 38.86%
• 3Y*: 16.31%
• 5Y*: 11.27%
• 10Y*: —

DCMSX

• 1D: 0.33%
• 1M: -2.57%
• YTD: 30.71%
• 6M: 29.48%
• 1Y: 42.92%
• 3Y*: 17.27%
• 5Y*: 12.32%
• 10Y*: 7.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COMB vs. DCMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	26.81%	15.12%	5.24%	-7.75%	14.56%	26.34%	-2.95%	7.02%	-11.41%	4.98%
DCMSX DFA Commodity Strategy Portfolio	30.71%	15.15%	5.90%	-9.14%	11.36%	33.54%	-1.78%	7.96%	-11.22%	4.98%

Correlation

The correlation between COMB and DCMSX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.92

The correlation between COMB and DCMSX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

COMB vs. DCMSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COMB

COMB Risk / Return Rank: 71
COMB Sharpe Ratio Rank: 68
COMB Sortino Ratio Rank: 61
COMB Omega Ratio Rank: 68
COMB Calmar Ratio Rank: 87
COMB Martin Ratio Rank: 71

DCMSX

DCMSX Risk / Return Rank: 81
DCMSX Sharpe Ratio Rank: 84
DCMSX Sortino Ratio Rank: 67
DCMSX Omega Ratio Rank: 73
DCMSX Calmar Ratio Rank: 96
DCMSX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COMB vs. DCMSX - 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 DFA Commodity Strategy Portfolio (DCMSX). 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.

	COMB	DCMSX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.71	-0.42
Sortino ratio: Return per unit of downside risk	2.91	3.42	-0.51
Omega ratio: Gain probability vs. loss probability	1.41	1.48	-0.07
Calmar ratio: Return relative to maximum drawdown	5.08	6.10	-1.02
Martin ratio: Return relative to average drawdown	13.24	16.43	-3.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COMB vs. DCMSX - Sharpe Ratio Comparison

The current COMB Sharpe Ratio is 2.29, which is comparable to the DCMSX Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of COMB and DCMSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COMB	DCMSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.71	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.76	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.11	+0.41

Drawdowns

COMB vs. DCMSX - Drawdown Comparison

The maximum COMB drawdown since its inception was -33.50%, smaller than the maximum DCMSX drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for COMB and DCMSX.

Drawdown Indicators

	COMB	DCMSX	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	-60.94%	+27.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-7.21%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-11.35%	-11.10%	-0.25%
Max Drawdown (5Y) Largest decline over 5 years	-26.63%	-27.93%	+1.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.52%	—
Current Drawdown Current decline from peak	-4.35%	-3.81%	-0.54%
Average Drawdown Average peak-to-trough decline	-12.06%	-31.79%	+19.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.66%	+0.28%

Volatility

COMB vs. DCMSX - Volatility Comparison

The current volatility for GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) is 5.14%, while DFA Commodity Strategy Portfolio (DCMSX) has a volatility of 5.53%. This indicates that COMB experiences smaller price fluctuations and is considered to be less risky than DCMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COMB	DCMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	5.53%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	14.99%	14.09%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	16.32%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.70%	16.31%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	14.48%	+0.65%

COMB vs. DCMSX - Expense Ratio Comparison

COMB has a 0.25% expense ratio, which is lower than DCMSX's 0.31% expense ratio.

Dividends

COMB vs. DCMSX - Dividend Comparison

COMB's dividend yield for the trailing twelve months is around 7.14%, less than DCMSX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	7.14%	9.05%	2.48%	6.57%	30.85%	15.83%	0.07%	1.48%	0.97%	0.20%	0.00%	0.00%
DCMSX DFA Commodity Strategy Portfolio	8.06%	10.75%	2.83%	2.52%	7.46%	49.44%	0.37%	1.51%	1.63%	3.09%	0.47%	0.15%

Frequently Asked Questions

Can I hold both COMB and DCMSX in my portfolio?

With a correlation of 0.90, COMB and DCMSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, COMB or DCMSX?

DCMSX has higher volatility (5.53%) compared to COMB (5.14%). In terms of maximum drawdown, COMB dropped -33.50% vs DCMSX's -60.94%.

Which has better risk-adjusted returns?

DCMSX currently has the higher Sharpe Ratio (2.71 vs 2.29), 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.