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COMB

GradeDNew York Stock Exchange Arca

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

Commodities · GraniteShares · Inception 2017-05-22 · SEC filings

$28.43+0.04 (+0.14%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: up, 59 prints from 28.39 to 28.43. Range 28.35 to 28.47. Use the arrow keys to read each point.$28.35$28.40$28.4510 AM12 PM2 PM4 PM
Expense ratio
1.15%
Fund size
$163M
1Y return
+44.6%
Yield · Last 12 months
6.73%
Holdings
33
Volume · 30D
0.1M sh
NAV per share
$28.41
52W range
low $20.23high $28.99

The ETF.net COMB Grade

D

26/ 100

Rank 22 of 23 in Broad Commodity Futures⁠

Confidence Medium

Six-pillar profile for COMB. Scores out of 100: Cost 0, Risk 58, Mission not scored, Tradability 47, Holdings not scored, Durability 33. Strongest: Risk (58). Weakest: Cost (0). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 26 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 0
    Category rank23/23 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 58
    Category rank12/23 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank15/23 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 33
    Category rank20/23 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

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 Sep 21, 2026, 4:06 AM
Asset class
Other
Holdings
33
Top-10 weight
77%
Largest holding
US TBill 02/18/202723.8%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US TBill 02/18/202723.85%80,000,000$79M1
002—US TBill 10/15/202616.63%55,000,000$55M1
003—US Dollars9.55%31,501,765$32M85
004—Gold Dec265.87%44$19M1
005—Brent Crude Oil Jan275.34%183$18M1
006—WTI Crude Oil Nov264.60%156$15M1
007—Natural Gas Nov263.00%325$10M1
008—Copper Dec262.88%57$9M1
009—Gasoil Nov262.75%64$9M1
010—Soybeans Nov262.64%132$9M1
011—Corn Dec262.61%325$9M1
012—Heating Oil Nov262.06%33$7M1
013—Aluminum Nov261.71%68$6M1
014—Gasoline RBOB Nov261.61%39$5M1
015—Soybean Oil Dec261.57%125$5M1

Showing 1–15 of 28 holdings

COMB Performance

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

COMB$14,462
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. COMB $14,462. SPY $11,723. Use the arrow keys to read each point.$9,114$12,135$15,156Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+34.5%
1 month+3.1%
3 months+15.3%
1 year+44.6%
3 years+15.4%per year
5 years+12.0%per year
10 yearsFund is under 10 years old—per 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+34.5%
2025+15.3%
2024+5.2%
2023−8.5%
2022+14.8%
2021+26.5%
2020−2.9%

COMB in the news

ETF.net Research hasn’t filed on COMB yet — coverage lands here as it’s written.

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 Sep 22, 2026.
6.73%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.
14.3%
Annualised · 36 months to Aug 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.
0.71
vs 3-month T-bills · to Aug 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 0.72%

Every other Broad Commodity Futures fund charges less.

COMB costs $115.00 a year on $10,000. The median Broad Commodity Futures fund costs $72.00.