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ZSB vs. COMB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

ZSB vs. COMB - Performance Comparison

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

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Returns By Period

In the year-to-date period, ZSB achieves a 7.61% return, which is significantly lower than COMB's 14.97% return.


ZSB

1D
-0.29%
1M
-5.01%
YTD
7.61%
6M
11.86%
1Y
69.71%
3Y*
2.94%
5Y*
10Y*

COMB

1D
-1.41%
1M
-9.91%
YTD
14.97%
6M
13.14%
1Y
22.62%
3Y*
11.57%
5Y*
9.61%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZSB vs. COMB - Yearly Performance Comparison


2026 (YTD)202520242023
ZSB
USCF Sustainable Battery Metals Strategy Fund
7.61%64.34%-19.70%-31.38%
COMB
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
14.97%15.12%5.24%-4.26%

Correlation

The correlation between ZSB and COMB is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2023

0.38

The correlation between ZSB and COMB shifts across timeframes, from 0.27 (1 year) to 0.39 (3 years), reflecting how their relationship changes across market environments.

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Return for Risk

ZSB vs. COMB — Risk / Return Rank

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

ZSB
ZSB Risk / Return Rank: 7777
Overall Rank
ZSB Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ZSB Sortino Ratio Rank: 7171
Sortino Ratio Rank
ZSB Omega Ratio Rank: 8484
Omega Ratio Rank
ZSB Calmar Ratio Rank: 8282
Calmar Ratio Rank
ZSB Martin Ratio Rank: 6464
Martin Ratio Rank

COMB
COMB Risk / Return Rank: 3838
Overall Rank
COMB Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
COMB Sortino Ratio Rank: 3636
Sortino Ratio Rank
COMB Omega Ratio Rank: 3838
Omega Ratio Rank
COMB Calmar Ratio Rank: 3636
Calmar Ratio Rank
COMB Martin Ratio Rank: 4444
Martin Ratio Rank
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.

ZSB vs. COMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Sustainable Battery Metals Strategy Fund (ZSB) 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.


ZSBCOMBDifference
Sharpe ratioReturn per unit of total volatility

+1.33

Sortino ratioReturn per unit of downside risk

+1.28

Omega ratioGain probability vs. loss probability

1.48

1.24

+0.24

Calmar ratioReturn relative to maximum drawdown

4.18

1.71

+2.47

Martin ratioReturn relative to average drawdown

11.24

6.79

+4.45

ZSB vs. COMB - Sharpe Ratio Comparison

The current ZSB Sharpe Ratio is 2.65, which is higher than the COMB Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of ZSB 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.


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Drawdowns

ZSB vs. COMB - Drawdown Comparison

The maximum ZSB drawdown since its inception was -49.26%, which is greater than COMB's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for ZSB and COMB.


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Drawdown Indicators


ZSBCOMBDifference

Max Drawdown

Largest peak-to-trough decline

-49.26%

-33.50%

-15.76%

Max Drawdown (1Y)

Largest decline over 1 year

-16.75%

-13.28%

-3.47%

Max Drawdown (3Y)

Largest decline over 3 years

-43.22%

-13.28%

-29.94%

Max Drawdown (5Y)

Largest decline over 5 years

-26.63%

Current Drawdown

Current decline from peak

-9.27%

-13.28%

+4.01%

Average Drawdown

Average peak-to-trough decline

-30.61%

-12.04%

-18.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.22%

3.36%

+2.86%

Volatility

ZSB vs. COMB - Volatility Comparison

USCF Sustainable Battery Metals Strategy Fund (ZSB) has a higher volatility of 5.09% compared to GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) at 3.69%. This indicates that ZSB'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.


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Volatility by Period


ZSBCOMBDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.09%

3.69%

+1.40%

Volatility (6M)

Calculated over the trailing 6-month period

22.24%

15.24%

+7.00%

Volatility (1Y)

Calculated over the trailing 1-year period

26.53%

17.34%

+9.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.56%

16.69%

+2.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.56%

15.14%

+4.42%

ZSB vs. COMB - Expense Ratio Comparison

ZSB has a 0.59% expense ratio, which is higher than COMB's 0.25% expense ratio.


Dividends

ZSB vs. COMB - Dividend Comparison

ZSB's dividend yield for the trailing twelve months is around 0.85%, less than COMB's 7.87% yield.


PositionTTM202520242023202220212020201920182017
COMB
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
7.87%9.05%2.48%6.57%30.85%15.83%0.07%1.48%0.97%0.20%
ZSB
USCF Sustainable Battery Metals Strategy Fund
0.85%0.92%2.96%3.59%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


ZSB 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.

ZSB has higher volatility (5.09%) compared to COMB (3.69%). In terms of maximum drawdown, ZSB dropped -49.26% vs COMB's -33.50%.

On 3-year performance, COMB leads with 11.57% vs 2.94% for ZSB. On fees, COMB is cheaper at 0.25% per year. On volatility, COMB has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, COMB has performed better with a 11.57% return vs 2.94%. 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 0.59% for ZSB.

COMB has the higher dividend yield at 7.87%, compared with 0.85% for ZSB.

ZSB is categorized as Lithium & Battery Metals, while COMB is Commodities. They also come from different issuers: USCF and GraniteShares. Their fees differ too: 0.59% for ZSB and 0.25% for COMB.

ZSB currently has the higher Sharpe Ratio (2.65 vs 1.32), 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.

Portfolio Optimizer

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