COMB vs. FAAR
COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both Commodities funds. Both are actively managed. Over the past 5 years, COMB returned 11.27%/yr vs 8.07%/yr for FAAR. At a 0.42 correlation, their price movements are largely independent. COMB charges 0.25%/yr vs 0.95%/yr for FAAR.
Performance
COMB vs. FAAR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with COMB having a 26.81% return and FAAR slightly lower at 25.73%.
COMB
- 1D
- 0.03%
- 1M
- -2.98%
- YTD
- 26.81%
- 6M
- 25.89%
- 1Y
- 38.86%
- 3Y*
- 16.31%
- 5Y*
- 11.27%
- 10Y*
- —
FAAR
- 1D
- 0.01%
- 1M
- -0.79%
- YTD
- 25.73%
- 6M
- 23.17%
- 1Y
- 40.73%
- 3Y*
- 11.79%
- 5Y*
- 8.07%
- 10Y*
- 5.17%
COMB vs. FAAR - 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% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 25.73% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 8.60% | -1.28% | -9.17% | 2.82% |
Correlation
The correlation between COMB and FAAR is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.42 |
Over the past year, COMB and FAAR have become more correlated (0.68) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
COMB vs. FAAR — Risk / Return Rank
COMB
FAAR
COMB vs. FAAR - 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 First Trust Alternative Absolute Return Strategy ETF (FAAR). 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 | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.52 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 8.44 | -3.36 |
| Martin ratioReturn relative to average drawdown | 13.24 | 23.64 | -10.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COMB | FAAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 3.04 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.62 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.45 | +0.07 |
Drawdowns
COMB vs. FAAR - Drawdown Comparison
The maximum COMB drawdown since its inception was -33.50%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for COMB and FAAR.
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Drawdown Indicators
| COMB | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -18.03% | -15.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | -4.85% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -11.35% | -11.54% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -18.03% | -8.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -4.35% | -1.11% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -7.85% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.73% | +1.21% |
Volatility
COMB vs. FAAR - Volatility Comparison
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has a higher volatility of 5.14% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.44%. This indicates that COMB's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMB | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 2.44% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 9.72% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | 13.48% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 13.02% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 11.51% | +3.62% |
COMB vs. FAAR - Expense Ratio Comparison
COMB has a 0.25% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
COMB vs. FAAR - Dividend Comparison
COMB's dividend yield for the trailing twelve months is around 7.14%, less than FAAR's 9.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.15% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
Frequently Asked Questions
COMB and FAAR have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMB has higher volatility (5.14%) compared to FAAR (2.44%). In terms of maximum drawdown, COMB dropped -33.50% vs FAAR's -18.03%.
On 5-year performance, COMB leads with 11.27% vs 8.07% for FAAR. On fees, COMB is cheaper at 0.25% per year. On volatility, FAAR has been the lower-risk option at 2.44%. 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 11.27% return vs 8.07%. 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 0.95% for FAAR.
FAAR has the higher dividend yield at 9.15%, compared with 7.14% for COMB.
They also come from different issuers: GraniteShares and First Trust. Their fees differ too: 0.25% for COMB and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (3.04 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.
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