COMB vs. USCI
COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) and USCI (United States Commodity Index Fund) are both Commodities funds. COMB is actively managed, while USCI is passively managed. Over the past 5 years, COMB returned 11.27%/yr vs 19.28%/yr for USCI. Their correlation of 0.82 suggests significant overlap in exposure. COMB charges 0.25%/yr vs 1.03%/yr for USCI.
Performance
COMB vs. USCI - Performance Comparison
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Returns By Period
In the year-to-date period, COMB achieves a 26.81% return, which is significantly lower than USCI's 28.22% return.
COMB
- 1D
- 0.03%
- 1M
- -2.98%
- YTD
- 26.81%
- 6M
- 25.89%
- 1Y
- 38.86%
- 3Y*
- 16.31%
- 5Y*
- 11.27%
- 10Y*
- —
USCI
- 1D
- 0.11%
- 1M
- -1.22%
- YTD
- 28.22%
- 6M
- 26.35%
- 1Y
- 40.33%
- 3Y*
- 23.15%
- 5Y*
- 19.28%
- 10Y*
- 8.86%
COMB vs. USCI - 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% |
USCI United States Commodity Index Fund | 28.22% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 9.56% |
Correlation
The correlation between COMB and USCI is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.82 |
The correlation between COMB and USCI has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
COMB vs. USCI — Risk / Return Rank
COMB
USCI
COMB vs. USCI - 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 United States Commodity Index Fund (USCI). 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 | USCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 4.64 | +0.44 |
| Martin ratioReturn relative to average drawdown | 13.24 | 16.18 | -2.94 |
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 | USCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 2.43 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.05 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.30 | +0.22 |
Drawdowns
COMB vs. USCI - Drawdown Comparison
The maximum COMB drawdown since its inception was -33.50%, smaller than the maximum USCI drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for COMB and USCI.
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Drawdown Indicators
| COMB | USCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.50% | -66.41% | +32.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | -8.73% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.35% | -12.01% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -18.84% | -7.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.82% | — |
Current DrawdownCurrent decline from peak | -4.35% | -3.10% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -29.51% | +17.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.50% | +0.44% |
Volatility
COMB vs. USCI - Volatility Comparison
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has a higher volatility of 5.14% compared to United States Commodity Index Fund (USCI) at 4.51%. This indicates that COMB's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMB | USCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.51% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 13.93% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | 16.70% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 18.44% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 15.85% | -0.72% |
COMB vs. USCI - Expense Ratio Comparison
COMB has a 0.25% expense ratio, which is lower than USCI's 1.03% expense ratio.
Dividends
COMB vs. USCI - Dividend Comparison
COMB's dividend yield for the trailing twelve months is around 7.14%, while USCI 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% |
USCI United States Commodity Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COMB and USCI have a correlation of 0.83, 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 USCI (4.51%). In terms of maximum drawdown, COMB dropped -33.50% vs USCI's -66.41%.
On 5-year performance, USCI leads with 19.28% vs 11.27% for COMB. On fees, COMB is cheaper at 0.25% per year. On volatility, USCI has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USCI has performed better with a 19.28% return vs 11.27%. 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 1.03% for USCI.
COMB has the higher dividend yield at 7.14%, compared with 0.00% for USCI.
They also come from different issuers: GraniteShares and Concierge Technologies. Their fees differ too: 0.25% for COMB and 1.03% for USCI.
USCI currently has the higher Sharpe Ratio (2.43 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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