SMIZ vs. COMB

Last updated Jul 12, 2026

SMIZ (Zacks Small/Mid Cap ETF) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both exchange-traded funds - SMIZ is a Mid Cap Blend Equities fund actively managed by Zacks, while COMB is a Commodities fund actively managed by GraniteShares. Both are actively managed. Over the past year, SMIZ returned 27.79% vs 25.91% for COMB. At a 0.06 correlation, their price movements are largely independent. SMIZ charges 0.56%/yr vs 0.25%/yr for COMB.

Performance

SMIZ vs. COMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks Small/Mid Cap ETF (SMIZ) 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

The year-to-date returns for both investments are quite close, with SMIZ having a 17.36% return and COMB slightly higher at 17.53%.

SMIZ

• 1D: -0.13%
• 1M: 0.34%
• 6M: 12.38%
• YTD: 17.36%
• 1Y: 27.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COMB

• 1D: 0.00%
• 1M: -1.59%
• 6M: 14.82%
• YTD: 17.53%
• 1Y: 25.91%
• 3Y*: 11.95%
• 5Y*: 9.83%
• 10Y*: —

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

SMIZ vs. COMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SMIZ Zacks Small/Mid Cap ETF	17.36%	12.16%	17.92%	16.16%
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	17.53%	15.12%	5.24%	-3.23%

Correlation

The correlation between SMIZ and COMB is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023	0.06

The correlation between SMIZ and COMB shifts across timeframes, from -0.06 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SMIZ vs. COMB — Risk / Return Rank

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

SMIZ

SMIZ Risk / Return Rank: 60
SMIZ Sharpe Ratio Rank: 56
SMIZ Sortino Ratio Rank: 57
SMIZ Omega Ratio Rank: 52
SMIZ Calmar Ratio Rank: 64
SMIZ Martin Ratio Rank: 69

COMB

COMB Risk / Return Rank: 52
COMB Sharpe Ratio Rank: 57
COMB Sortino Ratio Rank: 52
COMB Omega Ratio Rank: 57
COMB Calmar Ratio Rank: 45
COMB Martin Ratio Rank: 47

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.

SMIZ vs. COMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks Small/Mid Cap ETF (SMIZ) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SMIZ	COMB	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.56	-0.04
Sortino ratio: Return per unit of downside risk	2.18	2.09	+0.09
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.02
Calmar ratio: Return relative to maximum drawdown	2.55	1.82	+0.73
Martin ratio: Return relative to average drawdown	9.95	6.14	+3.81

SMIZ vs. COMB - Sharpe Ratio Comparison

The current SMIZ Sharpe Ratio is 1.51, which is comparable to the COMB Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of SMIZ and COMB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SMIZ vs. COMB - Drawdown Comparison

The maximum SMIZ drawdown since its inception was -25.04%, smaller than the maximum COMB drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for SMIZ and COMB.

Drawdown Indicators

	SMIZ	COMB	Difference
Max Drawdown Largest peak-to-trough decline	-25.04%	-33.50%	+8.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-14.84%	+4.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.63%	—
Current Drawdown Current decline from peak	-2.71%	-11.35%	+8.64%
Average Drawdown Average peak-to-trough decline	-3.88%	-12.05%	+8.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	4.40%	-1.71%

Volatility

SMIZ vs. COMB - Volatility Comparison

Zacks Small/Mid Cap ETF (SMIZ) has a higher volatility of 6.39% compared to GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) at 4.24%. This indicates that SMIZ's price experiences larger fluctuations and is considered to be riskier than COMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMIZ	COMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	4.24%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	15.09%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	17.38%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	16.69%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	15.15%	+3.84%

SMIZ vs. COMB - Expense Ratio Comparison

SMIZ has a 0.56% expense ratio, which is higher than COMB's 0.25% expense ratio.

Dividends

SMIZ vs. COMB - Dividend Comparison

SMIZ's dividend yield for the trailing twelve months is around 0.53%, less than COMB's 7.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	7.70%	9.05%	2.48%	6.57%	30.85%	15.83%	0.07%	1.48%	0.97%	0.20%
SMIZ Zacks Small/Mid Cap ETF	0.53%	0.62%	1.57%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMIZ and COMB in my portfolio?

SMIZ and COMB have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMIZ or COMB?

SMIZ has higher volatility (6.39%) compared to COMB (4.24%). In terms of maximum drawdown, SMIZ dropped -25.04% vs COMB's -33.50%.

Which ETF is better, SMIZ or COMB?

On 1-year performance, SMIZ leads with 27.79% vs 25.91% for COMB. On fees, COMB is cheaper at 0.25% per year. On volatility, COMB has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMIZ or COMB?

Over the 1-year period, SMIZ has performed better with a 27.79% return vs 25.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMIZ or COMB?

COMB is cheaper with a 0.25% expense ratio, compared with 0.56% for SMIZ.

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

COMB has the higher dividend yield at 7.70%, compared with 0.53% for SMIZ.

What is the main difference between SMIZ and COMB?

SMIZ is categorized as Mid Cap Blend Equities, while COMB is Commodities. They also come from different issuers: Zacks and GraniteShares. Their fees differ too: 0.56% for SMIZ and 0.25% for COMB.

Which has better risk-adjusted returns?

COMB currently has the higher Sharpe Ratio (1.56 vs 1.51), 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.