GAVA vs. COMB

Last updated Jun 4, 2026

GAVA (Grayscale Avalanche Staking ETF) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both exchange-traded funds - GAVA is a Cryptocurrency fund actively managed by Grayscale, while COMB is a Commodities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.34, they often move in opposite directions. GAVA charges 0.35%/yr vs 0.25%/yr for COMB.

Performance

GAVA vs. COMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Avalanche Staking ETF (GAVA) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GAVA

• 1D: -3.57%
• 1M: -12.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COMB

• 1D: 0.03%
• 1M: -2.98%
• YTD: 26.81%
• 6M: 25.89%
• 1Y: 38.86%
• 3Y*: 16.31%
• 5Y*: 11.27%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GAVA vs. COMB - Yearly Performance Comparison

	2026 (YTD)
GAVA Grayscale Avalanche Staking ETF	-15.96%
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	2.21%

Correlation

The correlation between GAVA and COMB is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	-0.34

Return for Risk

GAVA vs. COMB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COMB

COMB Risk / Return Rank: 71
COMB Sharpe Ratio Rank: 68
COMB Sortino Ratio Rank: 61
COMB Omega Ratio Rank: 68
COMB Calmar Ratio Rank: 87
COMB Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GAVA vs. COMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GAVA	COMB	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	-1.09	0.52	-1.61

Drawdowns

GAVA vs. COMB - Drawdown Comparison

The maximum GAVA drawdown since its inception was -21.51%, smaller than the maximum COMB drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for GAVA and COMB.

Drawdown Indicators

	GAVA	COMB	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	-33.50%	+11.99%
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 Drawdown Current decline from peak	-21.51%	-4.35%	-17.16%
Average Drawdown Average peak-to-trough decline	-9.03%	-12.06%	+3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.94%	—

Volatility

Volatility by Period

	GAVA	COMB	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	49.61%	17.02%	+32.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.61%	16.70%	+32.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.61%	15.13%	+34.48%

GAVA vs. COMB - Expense Ratio Comparison

GAVA has a 0.35% expense ratio, which is higher than COMB's 0.25% expense ratio.

Dividends

GAVA vs. COMB - Dividend Comparison

GAVA has not paid dividends to shareholders, while COMB's dividend yield for the trailing twelve months is around 7.14%.

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%
GAVA Grayscale Avalanche Staking ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GAVA and COMB in my portfolio?

GAVA and COMB have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GAVA or COMB?

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.

Which ETF is cheaper, GAVA or COMB?

COMB is cheaper with a 0.25% expense ratio, compared with 0.35% for GAVA.

Which ETF pays a higher dividend yield, GAVA or COMB?

COMB has the higher dividend yield at 7.14%, compared with 0.00% for GAVA.

What is the main difference between GAVA and COMB?

GAVA is categorized as Cryptocurrency, while COMB is Commodities. They also come from different issuers: Grayscale and GraniteShares. Their fees differ too: 0.35% for GAVA and 0.25% for COMB.