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Launched · SEC filings

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBNYSE ArcaD

$28.57+0.10 (+0.35%)

At close: Oct 13, 2026, 4:00 PM

D26/ 100

Rank 22 of 23 in Broad Commodity Futures

D26/100Rank 22 of 23inBroad Commodity Futures
Intraday session: up, 75 prints from 28.47 to 28.57. Range 28.50 to 28.61. Use the arrow keys to read each point.28.5028.5228.5528.6010 AM12 PM2 PM4 PM
Expense ratio
1.15%
Fund size
$162M
1Y total return
+43.0%
Yield · Last 12 months
6.71%
Holdings
40
Avg volume · 30D
0.1M sh
NAV per share
$28.48
52W range
low $20.23high $28.99
Launched
Filings
SEC EDGAR

The ETF.net COMB Grade

Based on 4 of 6 pillars

D

Score 26 out of 100

Category
Broad Commodity Futures⁠
Rank
22 of 23
Six-pillar profile for COMB. Scores out of 100: Cost 0, Risk 53, Mission not scored, Tradability 48, Holdings not scored, Durability 34. Strongest: Risk (53). Weakest: Cost (0). Based on 4 of 6 pillars.

Score 26 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 23 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.
    C53 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.
    D34 out of 100
    Rank 20 of 23

Our read on COMB

ETF.net Research

DA straight shot at the Bloomberg Commodity Index (energy, metals, grains, livestock) that skips the Schedule K-1 at tax time. Trading since 2017, no roll-schedule cleverness. The 1.15% fee is the trade-off.

Stated mandate

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

Why people hold it

  1. 01One index, the whole shelf: the Bloomberg Commodity Index spans energy, metals, grains and livestock, so no single barrel or bushel runs the show.graniteshares.com
  2. 02No Schedule K-1. The fund is structured to send shareholders a standard 1099, keeping broad futures exposure out of partnership tax paperwork.graniteshares.com
  3. 03Plain vanilla on purpose: it follows the flagship Bloomberg commodity benchmark rather than an enhanced-roll variant, and it has been running through commodity cycles since 2017.

Worth knowing

  1. 01At 1.15%, the fee sits well above K-1-free rivals tracking the same Bloomberg family (BCI at 0.26%, CMDY at 0.29%). That gap gets paid every year, whatever commodities do.
  2. 02Commodity futures are a bumpy ride, and the stated goal is long-term capital appreciation, not income; cash distributions land at most once or twice a year.
  3. 03Moderately traded rather than a category heavyweight, which can show up as wider bid-ask spreads than the largest commodity funds.

COMB Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
40
Top-10 weight
75%
Largest holding
US TBill 02/18/202724.3%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US TBill 02/18/202724.30%80,000,000$79M1
002—US TBill 10/15/202616.95%55,000,000$55M1
003—US Dollars8.78%28,493,956$28M85
004—Brent Crude Oil Jan275.76%181$19M1
005—Gold Dec265.55%43$18M1
006—WTI Crude Oil Jan273.51%124$11M1
007—Natural Gas Jan273.12%257$10M1
008—Copper Dec262.91%56$9M1
009—Corn Dec262.40%322$8M1
010—Soybeans Jan272.09%104$7M1
011—Gasoil Jan272.06%50$7M1
012—Sugar Mar271.65%229$5M1
013—Heating Oil Jan271.52%26$5M1
014—Live Cattle Dec261.48%53$5M1
015—Wheat - Chicago Dec261.42%137$5M1

Showing 1–15 of 40 holdings

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$14,298
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. COMB $14,298. SPY $12,044. Use the arrow keys to read each point.$9,384$12,147$14,910Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+34.9%
1 month−0.4%
3 months+14.8%
1 year+43.0%
3 yearsper year+16.4%
5 yearsper year+10.7%
10 yearsFund is under 10 years oldper year—

As of the close, 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+34.9%
2025+15.3%
2024+5.2%
2023−8.5%
2022+14.8%
2021+26.5%
2020−2.9%

COMB in the news

Filtered to COMB · Broad Commodity Futures

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 12, 2026.
6.71%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

COMB Risk

How much the fund’s monthly returns vary, scaled to a year.
14.2%
Annualised · 36 months to Sep 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.
0.75
vs 3-month T-bills · to Sep 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.

COMB Cost

Expense ratio1.15%
  • The middle half of Broad Commodity Futures funds
  • Median 0.70%

Every other Broad Commodity Futures fund charges less.

COMB costs $115.00 a year on $10,000. The median Broad Commodity Futures fund costs $70.50.

Other funds in Broad Commodity Futures

See others