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Launched · SEC filings

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBNYSE ArcaGraniteSharesA

$27.19−0.58 (−2.09%)

At close: Nov 2, 2026, 4:00 PM ET

A68/ 100

Rank 4 of 23 in Broad Commodity Futures

A68/100Rank 4 of 23inBroad Commodity Futures
Intraday session: down, 79 prints from 27.77 to 27.19. Range 27.14 to 27.48. Use the arrow keys to read each point.27.3027.4027.5027.6027.7010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$159M
1Y total return
+35.3%
Yield · Last 12 months
6.88%
Holdings
28
Avg volume · 30D
39.2K sh
52W range
low $20.23high $28.99
Launched
Filings
SEC EDGAR

The ETF.net COMB Grade

Based on 4 of 6 pillars

A

Score 68 out of 100

Category
Broad Commodity Futures⁠
Rank
4 of 23
Six-pillar profile for COMB. Scores out of 100: Cost 93, Risk 52, Mission not scored, Tradability 48, Holdings not scored, Durability 30. Strongest: Cost (93). Weakest: Durability (30). Based on 4 of 6 pillars.

Score 68 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays A for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A93 out of 100
    Rank 2 of 23

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 12 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 14 of 23

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D30 out of 100
    Rank 20 of 23

Our read on COMB

ETF.net Research

In short

AThe cheapest ticket in the K-1-free commodity aisle: 0.25% for a broad basket of energy, metals, grain and livestock futures, wrapped so your tax packet is a Form 1099 instead of a Schedule K-1.

Stated mandate

The fund seeks long-term capital appreciation mainly through exposure to commodity futures markets.

Why people hold it

  • At 0.25%, the lowest fee among the category's top-scoring broad commodity funds (BCI 0.26%, CERY 0.28%, CMDY 0.29%, BCD 0.30%) and below the category median.
  • Gains its futures exposure through a wholly owned Cayman subsidiary, so the fund is designed to be taxed like a conventional fund and issue a 1099, not a K-1.sec.gov
  • Benchmarked to the Bloomberg Commodity Index: about 30 positions across energy, metals, agriculture and livestock, with index rules capping any commodity group at 33%.bbhub.io
  • Live since 2017, long enough to have run through a full commodity boom and bust, and it sits in the top quartile of its peer group.

Worth knowing

  • Thinly traded next to the category's household names, so spreads can widen. Matters most on bigger orders.
  • Returns ride the futures curve, not spot prices. Rolling contracts forward can add to or subtract from the move in a commodity's headline price.graniteshares.com
  • Actively managed rather than a strict index clone, with Treasury bills as collateral and cash paid out annually or semiannually, not monthly.graniteshares.com

COMB Performance

Launched May 22, 2017

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
COMB$13,529
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. COMB $13,529. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for COMB. Periods over one year show the average yearly return.
PeriodCOMB
Year to date+31.5%
1 month−0.3%
3 months+7.3%
1 year+35.3%
3 yearsper year+14.8%
5 yearsper year+10.0%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for COMB
YearReturn barCOMB
2026 YTD+31.5%
2025+15.3%
2024+5.2%
2023−8.5%
2022+14.8%
2021+26.5%
2020−2.9%

COMB in the news

COMB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
6.88%Last 12 months
Payout per share
$1.91Last 12 months
Last payment
$1.91 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.05; Dec 28, 2018 $0.22; Dec 30, 2019 $0.36; Dec 30, 2020 $0.02; Dec 30, 2021 $4.06; Dec 28, 2022 $6.94; Dec 13, 2023 $1.13; Dec 27, 2024 $0.49; Dec 29, 2025 $1.91. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$1.91
Dec 27, 2024Dec 31, 2024$0.49
Dec 13, 2023Dec 15, 2023$1.13
Dec 28, 2022Dec 30, 2022$6.94
Dec 30, 2021Jan 3, 2022$4.06
Dec 30, 2020Jan 4, 2021$0.02
Dec 30, 2019Jan 2, 2020$0.36
Dec 28, 2018Jan 2, 2019$0.22
Dec 26, 2017Dec 29, 2017$0.05

$10,000 in COMB 5 years ago paid $4,722 in dividends.

COMB Risk

Risk pillarC52 out of 100Rank 12 of 23 in Broad Commodity Futures
How much the fund’s monthly returns vary, scaled to a year.
14.2%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.73
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−26.5%
Trough May 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

COMB Cost

Compare COMB and SDMF

Overpaying vs SDMF, cheapest in Broad Commodity Futures

$802

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • COMB 0.25%

    $5,159

  • SDMF 0.21% Cheapest

    $4,357

$10,000
30 years

Cost over time

  • COMB 0.25%
  • SDMF 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530COMB $5,159SDMF $4,357

Year by year

YearCOMBSDMFOverpaying
10$455$383$72
20$1,769$1,491$278
30$5,159$4,357$802

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