COMB vs. VCMDX
Compare and contrast key facts about GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and Vanguard Commodity Strategy Fund Admiral Shares (VCMDX).
COMB is an actively managed fund by GraniteShares. It was launched on May 22, 2017. VCMDX is managed by Vanguard. It was launched on Jun 25, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COMB or VCMDX.
Key characteristics
| COMB | VCMDX | |
|---|---|---|
| YTD Return | 5.73% | 6.12% |
| 1Y Return | 4.46% | 3.08% |
| 3Y Return (Ann) | 5.70% | 7.21% |
| Sharpe Ratio | 0.48 | 0.32 |
| Daily Std Dev | 11.58% | 11.66% |
| Max Drawdown | -33.50% | -26.67% |
| Current Drawdown | -18.92% | -18.19% |
Correlation
The correlation between COMB and VCMDX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
COMB vs. VCMDX - Performance Comparison
In the year-to-date period, COMB achieves a 5.73% return, which is significantly lower than VCMDX's 6.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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COMB vs. VCMDX - Expense Ratio Comparison
COMB has a 0.25% expense ratio, which is higher than VCMDX's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
COMB vs. VCMDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and Vanguard Commodity Strategy Fund Admiral Shares (VCMDX). 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.
Dividends
COMB vs. VCMDX - Dividend Comparison
COMB's dividend yield for the trailing twelve months is around 5.51%, more than VCMDX's 2.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 5.51% | 5.82% | 30.85% | 15.82% | 0.07% | 1.48% | 0.97% | 0.20% |
VCMDX Vanguard Commodity Strategy Fund Admiral Shares | 2.35% | 2.50% | 14.21% | 30.56% | 0.50% | 0.60% | 0.00% | 0.00% |
Drawdowns
COMB vs. VCMDX - Drawdown Comparison
The maximum COMB drawdown since its inception was -33.50%, which is greater than VCMDX's maximum drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for COMB and VCMDX. For additional features, visit the drawdowns tool.
Volatility
COMB vs. VCMDX - Volatility Comparison
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) have volatilities of 2.85% and 2.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.