ZSB vs. COMB
ZSB (USCF Sustainable Battery Metals Strategy Fund) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both exchange-traded funds - ZSB is a Lithium & Battery Metals fund tracking the S&P GSCI Electric Vehicle Meals Index, while COMB is a Commodities fund actively managed by GraniteShares. ZSB is passively managed, while COMB is actively managed. Over the past 3 years, ZSB returned 2.94%/yr vs 11.57%/yr for COMB. At a 0.38 correlation, their price movements are largely independent. ZSB charges 0.59%/yr vs 0.25%/yr for COMB.
Performance
ZSB vs. COMB - Performance Comparison
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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*
- —
ZSB vs. COMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
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
ZSB
COMB
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.
| ZSB | COMB | Difference | |
|---|---|---|---|
| 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 |
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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
| ZSB | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -9.27% | -13.28% | +4.01% |
Average DrawdownAverage peak-to-trough decline | -30.61% | -12.04% | -18.57% |
Ulcer IndexDepth 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
| ZSB | COMB | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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.
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