COMB vs. KEUA
COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) and KEUA (KraneShares European Carbon Allowance Strategy ETF) are both Commodities funds. COMB is actively managed, while KEUA is passively managed. At a 0.13 correlation, their price movements are largely independent. COMB charges 0.25%/yr vs 0.87%/yr for KEUA.
Performance
COMB vs. KEUA - Performance Comparison
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Returns By Period
COMB
- 1D
- 0.03%
- 1M
- -2.98%
- YTD
- 26.81%
- 6M
- 25.89%
- 1Y
- 38.86%
- 3Y*
- 16.31%
- 5Y*
- 11.27%
- 10Y*
- —
KEUA
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMB vs. KEUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 26.81% | 15.12% | 5.24% | -7.75% | 14.56% | -4.51% |
KEUA KraneShares European Carbon Allowance Strategy ETF | -19.02% | 32.81% | -14.52% | -3.14% | -2.74% | 22.01% |
Correlation
The correlation between COMB and KEUA is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.13 |
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Return for Risk
COMB vs. KEUA — Risk / Return Rank
COMB
KEUA
COMB vs. KEUA - 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 KraneShares European Carbon Allowance Strategy ETF (KEUA). 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 | KEUA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | — | — |
| Martin ratioReturn relative to average drawdown | 13.24 | — | — |
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 | KEUA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | — | — |
Drawdowns
COMB vs. KEUA - Drawdown Comparison
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Drawdown Indicators
| COMB | KEUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | — | — |
Current DrawdownCurrent decline from peak | -4.35% | — | — |
Average DrawdownAverage peak-to-trough decline | -12.06% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | — | — |
Volatility
COMB vs. KEUA - Volatility Comparison
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Volatility by Period
| COMB | KEUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | — | — |
COMB vs. KEUA - Expense Ratio Comparison
COMB has a 0.25% expense ratio, which is lower than KEUA's 0.87% expense ratio.
Dividends
COMB vs. KEUA - Dividend Comparison
COMB's dividend yield for the trailing twelve months is around 7.14%, more than KEUA's 2.83% 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% |
KEUA KraneShares European Carbon Allowance Strategy ETF | 2.83% | 2.29% | 7.71% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COMB and KEUA have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMB is cheaper with a 0.25% expense ratio, compared with 0.87% for KEUA.
COMB has the higher dividend yield at 7.14%, compared with 2.83% for KEUA.
They also come from different issuers: GraniteShares and KraneShares. Their fees differ too: 0.25% for COMB and 0.87% for KEUA.
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