USCI vs. COMB
USCI (United States Commodity Index Fund) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both Commodities funds. USCI is passively managed, while COMB is actively managed. Over the past 5 years, USCI returned 19.28%/yr vs 11.27%/yr for COMB. Their correlation of 0.82 suggests significant overlap in exposure. USCI charges 1.03%/yr vs 0.25%/yr for COMB.
Performance
USCI vs. COMB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with USCI having a 28.22% return and COMB slightly lower at 26.81%.
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
- 1D
- 0.03%
- 1M
- -2.98%
- YTD
- 26.81%
- 6M
- 25.89%
- 1Y
- 38.86%
- 3Y*
- 16.31%
- 5Y*
- 11.27%
- 10Y*
- —
USCI vs. COMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between USCI and COMB 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 USCI and COMB has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
USCI vs. COMB — Risk / Return Rank
USCI
COMB
USCI vs. COMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) 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.
| USCI | COMB | 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 | 4.64 | 5.08 | -0.44 |
| Martin ratioReturn relative to average drawdown | 16.18 | 13.24 | +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
| USCI | COMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.29 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.68 | +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 | 0.30 | 0.52 | -0.22 |
Drawdowns
USCI vs. COMB - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than COMB's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for USCI and COMB.
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Drawdown Indicators
| USCI | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -33.50% | -32.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -7.69% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.01% | -11.35% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -26.63% | +7.79% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | — | — |
Current DrawdownCurrent decline from peak | -3.10% | -4.35% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -29.51% | -12.06% | -17.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.94% | -0.44% |
Volatility
USCI vs. COMB - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 4.51%, while GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) has a volatility of 5.14%. This indicates that USCI 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
| USCI | COMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 5.14% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 14.99% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 17.02% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 16.70% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 15.13% | +0.72% |
USCI vs. COMB - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than COMB's 0.25% expense ratio.
Dividends
USCI vs. COMB - Dividend Comparison
USCI 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% |
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
USCI and COMB 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, USCI dropped -66.41% vs COMB's -33.50%.
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: Concierge Technologies and GraniteShares. Their fees differ too: 1.03% for USCI and 0.25% for COMB.
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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