COMB vs. NVDL
COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both exchange-traded funds - COMB is a Commodities fund actively managed by GraniteShares, while NVDL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past 3 years, COMB returned 16.31%/yr vs 109.72%/yr for NVDL. At a 0.09 correlation, their price movements are largely independent. COMB charges 0.25%/yr vs 1.15%/yr for NVDL.
Performance
COMB vs. NVDL - Performance Comparison
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Returns By Period
In the year-to-date period, COMB achieves a 26.81% return, which is significantly higher than NVDL's 19.95% return.
COMB
- 1D
- 0.03%
- 1M
- -2.98%
- YTD
- 26.81%
- 6M
- 25.89%
- 1Y
- 38.86%
- 3Y*
- 16.31%
- 5Y*
- 11.27%
- 10Y*
- —
NVDL
- 1D
- -7.15%
- 1M
- 14.24%
- YTD
- 19.95%
- 6M
- 27.27%
- 1Y
- 84.82%
- 3Y*
- 109.72%
- 5Y*
- —
- 10Y*
- —
COMB vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 26.81% | 15.12% | 5.24% | -7.75% | -1.73% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 19.95% | 32.57% | 344.58% | 432.18% | -28.32% |
Correlation
The correlation between COMB and NVDL is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022 | 0.09 |
The correlation between COMB and NVDL shifts across timeframes, from -0.02 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COMB vs. NVDL — Risk / Return Rank
COMB
NVDL
COMB vs. NVDL - 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 GraniteShares 2x Long NVDA Daily ETF (NVDL). 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 | NVDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 2.02 | +3.06 |
| Martin ratioReturn relative to average drawdown | 13.24 | 4.63 | +8.61 |
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 | NVDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.25 | +1.04 |
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 | 1.77 | -1.25 |
Drawdowns
COMB vs. NVDL - Drawdown Comparison
The maximum COMB drawdown since its inception was -33.50%, smaller than the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for COMB and NVDL.
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Drawdown Indicators
| COMB | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -67.55% | +34.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | -42.23% | +34.54% |
Max Drawdown (3Y)Largest decline over 3 years | -11.35% | -67.55% | +56.20% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | — | — |
Current DrawdownCurrent decline from peak | -4.35% | -18.19% | +13.84% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -16.96% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 18.39% | -15.45% |
Volatility
COMB vs. NVDL - Volatility Comparison
The current volatility for GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) is 5.14%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 24.77%. This indicates that COMB experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMB | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 24.77% | -19.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 50.80% | -35.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | 68.20% | -51.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 90.43% | -73.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 90.43% | -75.30% |
COMB vs. NVDL - Expense Ratio Comparison
COMB has a 0.25% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Dividends
COMB vs. NVDL - Dividend Comparison
COMB's dividend yield for the trailing twelve months is around 7.14%, while NVDL has not paid dividends to shareholders.
| 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% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COMB and NVDL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDL has higher volatility (24.77%) compared to COMB (5.14%). In terms of maximum drawdown, COMB dropped -33.50% vs NVDL's -67.55%.
On 3-year performance, NVDL leads with 109.72% vs 16.31% for COMB. On fees, COMB is cheaper at 0.25% per year. On volatility, COMB has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NVDL has performed better with a 109.72% return vs 16.31%. 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 1.15% for NVDL.
COMB has the higher dividend yield at 7.14%, compared with 0.00% for NVDL.
COMB is categorized as Commodities, while NVDL is Leveraged Equities. Their fees differ too: 0.25% for COMB and 1.15% for NVDL.
COMB currently has the higher Sharpe Ratio (2.29 vs 1.25), 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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