ZSB vs. COMB

Last updated Apr 3, 2026

Compare and contrast key facts about USCF Sustainable Battery Metals Strategy Fund (ZSB) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB).

ZSB and COMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZSB is a passively managed fund by USCF that tracks the performance of the S&P GSCI Electric Vehicle Meals Index. It was launched on Jan 10, 2023. COMB is an actively managed fund by GraniteShares. It was launched on May 22, 2017.

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.

ZSB vs. COMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ZSB USCF Sustainable Battery Metals Strategy Fund	5.29%	64.34%	-19.70%	-31.38%
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	26.39%	15.12%	5.24%	-5.05%

Returns By Period

In the year-to-date period, ZSB achieves a 5.29% return, which is significantly lower than COMB's 26.39% return.

ZSB

• 1D: -1.81%
• 1M: 1.20%
• YTD: 5.29%
• 6M: 33.68%
• 1Y: 52.55%
• 3Y*: 0.85%
• 5Y*: —
• 10Y*: —

COMB

• 1D: 2.62%
• 1M: 10.97%
• YTD: 26.39%
• 6M: 33.02%
• 1Y: 33.33%
• 3Y*: 13.95%
• 5Y*: 13.85%
• 10Y*: —

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

ZSB vs. COMB - Expense Ratio Comparison

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

ZSB

USCF Sustainable Battery Metals Strategy Fund

COMB

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

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: 82
ZSB Sharpe Ratio Rank: 89
ZSB Sortino Ratio Rank: 86
ZSB Omega Ratio Rank: 88
ZSB Calmar Ratio Rank: 84
ZSB Martin Ratio Rank: 64

COMB

COMB Risk / Return Rank: 86
COMB Sharpe Ratio Rank: 88
COMB Sortino Ratio Rank: 88
COMB Omega Ratio Rank: 85
COMB Calmar Ratio Rank: 91
COMB Martin Ratio Rank: 80

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.

	ZSB	COMB	Difference
Sharpe ratio Return per unit of total volatility	1.97	1.93	+0.05
Sortino ratio Return per unit of downside risk	2.43	2.54	-0.11
Omega ratio Gain probability vs. loss probability	1.38	1.36	+0.03
Calmar ratio Return relative to maximum drawdown	3.09	3.68	-0.58
Martin ratio Return relative to average drawdown	8.08	10.11	-2.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZSB vs. COMB - Sharpe Ratio Comparison

The current ZSB Sharpe Ratio is 1.97, which is comparable to the COMB Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of ZSB and COMB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZSB	COMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	1.93	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.53	-0.61

Correlation

The correlation between ZSB and COMB is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ZSB vs. COMB - Dividend Comparison

ZSB's dividend yield for the trailing twelve months is around 0.87%, less than COMB's 7.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZSB USCF Sustainable Battery Metals Strategy Fund	0.87%	0.92%	2.96%	3.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	7.16%	9.05%	2.48%	6.57%	30.85%	15.83%	0.07%	1.48%	0.97%	0.20%

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.

Drawdown Indicators

	ZSB	COMB	Difference
Max Drawdown Largest peak-to-trough decline	-49.26%	-33.50%	-15.76%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-7.69%	-9.06%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.63%	—
Current Drawdown Current decline from peak	-11.23%	0.00%	-11.23%
Average Drawdown Average peak-to-trough decline	-32.26%	-12.24%	-20.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	3.34%	+3.07%

Volatility

ZSB vs. COMB - Volatility Comparison

USCF Sustainable Battery Metals Strategy Fund (ZSB) has a higher volatility of 11.89% compared to GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) at 7.94%. 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.

Volatility by Period

	ZSB	COMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.89%	7.94%	+3.95%
Volatility (6M) Calculated over the trailing 6-month period	22.62%	14.06%	+8.56%
Volatility (1Y) Calculated over the trailing 1-year period	26.76%	17.38%	+9.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	16.57%	+3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	15.07%	+4.70%