TAXM vs. COMB
TAXM (BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both exchange-traded funds - TAXM is a Municipal Bonds fund actively managed by BondBloxx, while COMB is a Commodities fund actively managed by GraniteShares. Both are actively managed. Over the past year, TAXM returned 4.10% vs 35.68% for COMB. Their -0.20 correlation means they have often moved in opposite directions in the past. TAXM charges 0.35%/yr vs 0.25%/yr for COMB.
Performance
TAXM vs. COMB - Performance Comparison
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Returns By Period
In the year-to-date period, TAXM achieves a 0.14% return, which is significantly lower than COMB's 22.64% return.
TAXM
- 1D
- -0.13%
- 1M
- -1.61%
- 6M
- -0.49%
- YTD
- 0.14%
- 1Y
- 4.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.91%
COMB
- 1D
- 0.00%
- 1M
- 7.61%
- 6M
- 10.31%
- YTD
- 22.64%
- 1Y
- 35.68%
- 3Y*
- 12.14%
- 5Y*
- 10.11%
- 10Y*
- —
- ALL TIME*
- 7.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.15M | $1.37M | $1.67M | |
| $158.92K | $254.95K | $177.53K |
TAXM vs. COMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 0.14% | 3.90% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 22.64% | 8.21% |
Correlation
The correlation between TAXM and COMB is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | -0.20 |
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Return for Risk
TAXM vs. COMB — Risk / Return Rank
TAXM
COMB
TAXM vs. COMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) 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.
| TAXM | COMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.37 | -0.66 |
| Martin ratioReturn relative to average drawdown | 5.40 | 7.56 | -2.16 |
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Drawdowns
TAXM vs. COMB - Drawdown Comparison
The maximum TAXM drawdown since its inception was -3.10%, smaller than the maximum COMB drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for TAXM and COMB.
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Drawdown Indicators
| TAXM | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.10% | -33.50% | +30.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -14.84% | +12.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -1.82% | -7.49% | +5.67% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -12.02% | +11.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 4.64% | -3.79% |
Volatility
TAXM vs. COMB - Volatility Comparison
The current volatility for BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) is 0.99%, while GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has a volatility of 5.09%. This indicates that TAXM experiences smaller price fluctuations and is considered to be less risky than COMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAXM | COMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 5.09% | -4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 15.26% | -12.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 17.71% | -14.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.49% | 16.72% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.49% | 15.17% | -11.68% |
TAXM vs. COMB - Expense Ratio Comparison
TAXM has a 0.35% expense ratio, which is higher than COMB's 0.25% expense ratio.
Dividends
TAXM vs. COMB - Dividend Comparison
TAXM's dividend yield for the trailing twelve months is around 3.31%, less than COMB's 7.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 7.38% | 9.05% | 2.48% | 6.57% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% |
TAXM BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 3.01% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TAXM and COMB have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMB has higher volatility (5.09%) compared to TAXM (0.99%). In terms of maximum drawdown, TAXM dropped -3.10% vs COMB's -33.50%.
On 1-year performance, COMB leads with 35.68% vs 4.10% for TAXM. On fees, COMB is cheaper at 0.25% per year. On volatility, TAXM has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COMB has performed better with a 35.68% return vs 4.10%. 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 0.35% for TAXM.
COMB has the higher dividend yield at 7.38%, compared with 3.01% for TAXM.
TAXM is categorized as Municipal Bonds, while COMB is Commodities. They also come from different issuers: BondBloxx and GraniteShares. Their fees differ too: 0.35% for TAXM and 0.25% for COMB.
COMB currently has the higher Sharpe Ratio (1.99 vs 1.66), 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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