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BCD vs COMB

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

BCDBNYSE Arca

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBANYSE Arca

Overlap

Expense ratio

COMB −0.05pt a year

BCD0.30%COMB0.25%

Avg volume · 30D

BCD 1.2×the volume

BCD47.5KCOMB39.2K

5Y return · a year

BCD +0.4pt

BCD+10.4%COMB+10.0%

BCD vs COMB Performance

Oct 29, 2021 – Oct 30, 2026

+63.8%BCD+61.1%COMB

Oct 29, 2021 to Oct 30, 2026. BCD +63.8%. COMB +61.1%. Use the arrow keys to read each point.0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
BCD 0.30%
COMB 0.25%, better
Fund size
BCD $441M
COMB $159M
1Y total return
BCD +27.0%
COMB +35.3%, better
Yield (12M)
BCD 13.93%, better
COMB 6.88%
Holdings
BCD 32
COMB 28
Avg volume (30D)
BCD 47.5K sh, better
COMB 39.2K sh
NAV per share
BCD $38.37
COMB $27.90
52W range

ETF.net Grade

BCD: Cost 77, Risk 67, Mission not scored, Tradability 54, Holdings 36, Durability 54. COMB: Cost 93, Risk 52, Mission not scored, Tradability 48, Holdings not scored, Durability 30.
Pillar letters and Scores for BCD, COMB, with each pillar’s weight
PillarBCDCOMB
Cost30% weightA77A93Higher
Mission25% weightNot scoredNot scored
Risk15% weightB67HigherC52
Tradability15% weightC54HigherC48
Holdings10% weightD36Not scored
Durability5% weightC54HigherD30

Rank among Broad Commodity Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BCD and COMB are both graded against the same 21 Broad Commodity Futures funds, so their Grades compare head to head.

Broad Commodity Futures⁠

Category · 21 funds
See all 21 ›

COMB ranks 3rd and BCD 5th of 21 funds in the Broad Commodity Futures Category.

  1. Rank 1ACERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETFScore 77
  2. Rank 2ACMDYiShares Bloomberg Roll Select Commodity Strategy ETFScore 69
  3. Rank 3ACOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 68
  4. Rank 4BSDMFSimplify DBi CTA Managed Futures Index ETFScore 67
  5. Rank 5BBCDabrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETFScore 63
  6. Rank 6BCOMTiShares GSCI Commodity Dynamic Roll Strategy ETFScore 62

Our read on each fund

ETF.net Research

BCDBabrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

COMBAGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

In short

BCD The patient cousin in the commodity aisle: the same broad Bloomberg basket, but bought three months further out the futures curve instead of at the front. Diversified commodity exposure, no Schedule K-1 in the mail.

COMB The 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

BCD The Fund seeks to closely track, before fees and expenses, the Bloomberg Commodity Index 3 Month Forward Total Return Index.

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

Why people hold it

  • BCD Tracks the Bloomberg Commodity Index 3 Month Forward, so it sits further out the curve rather than rolling front-month contracts, a different answer to the roll-cost problem.
  • 0.30% a year, well under the median fee in the broad commodity futures group, and one of the stronger implementations in that peer set.
  • K-1 free by design: shareholders get a 1099 instead of the partnership paperwork that follows many futures funds into April.
  • Roughly 30 futures positions spanning the all-commodity basket, so no single barrel or bushel steers the whole fund. Trading since 2017.
  • COMB 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

  • BCD It is structured as a commodity pool, not a standard stock-and-bond fund, so the rules and tax mechanics differ from an equity ETF.
  • Sibling fund BCI holds the front-of-curve version of the same basket for a slightly lower fee. The longer-dated tilt here behaves differently as the curve shifts.
  • Cash comes out annually or semiannually, not monthly, and the fund is moderately traded rather than one of the giants of the category.
  • COMB 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

Full BCD profile⁠

Full COMB profile⁠

BCD vs COMB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BCD vs COMB Cost

Overpaying BCD vs COMB

$990

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

  • BCD 0.30%

    $6,149

  • COMB 0.25%

    $5,159

$10,000
30 years

Cost over time

  • BCD 0.30%
  • COMB 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530BCD $6,149COMB $5,159

Year by year

YearBCDCOMBOverpaying
10$545$455$90
20$2,113$1,769$344
30$6,149$5,159$990

Expense ratio

  • 0.30%BCD
  • 0.25%COMB, cheaper
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

COMB 2nd cheapest of 21 funds

BCD 5th cheapest of 21 funds

BCD vs COMB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BCD 13.93%, better
COMB 6.88%
Payout (12M)
BCD $5.33
COMB $1.91
Last payment
BCD $5.33
COMB $1.91
Ex-dividend
BCD Dec 30, 2025
COMB Dec 29, 2025
Paid on
BCD Dec 31, 2025
COMB Dec 31, 2025
Frequency
BCD Annual
COMB Annual

Distribution history

Per share, 2017 to 2026, same scale for both

BCDAnnual · 9 paymentsAll BCD payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.02; Dec 20, 2018 $0.37; Dec 19, 2019 $0.38; Dec 21, 2020 $0.33; Dec 21, 2021 $2.55; Dec 16, 2022 $1.80; Dec 15, 2023 $1.38; Dec 19, 2024 $1.13; Dec 30, 2025 $5.33. Use the arrow keys to read each point.$0$52017202020232026YTD
COMBAnnual · 9 paymentsAll COMB payments⁠
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.$0$52017202020232026YTD

BCD vs COMB Risk

Fall from peak · 5 years

  • BCD
  • COMB
Oct 29, 2021 to Oct 30, 2026. Worst fall: COMB −26.5% · May 2023. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
BCD 11.3%, betterCOMB 14.2%
Return per unit of riskSharpe ratio, 3 years
BCD 0.77, betterCOMB 0.73
Worst fallMax drawdown, 5 years
BCD −23.0%, betterCOMB −26.5%
Market sensitivityBeta, 5 years
BCD 0.76COMB 1.00

BCD and COMB in the news

All news⁠

Popular comparisons

  • BCDBvsCERYA

    abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.30% · 0.28%
    Category
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  • COMBAvsCERYA

    GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.25% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BCDBvsCMDYA

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    Expense ratio
    0.30% · 0.29%
    Category
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  • COMBAvsCMDYA

    GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.25% · 0.29%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BCDBvsSDMFB

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    Expense ratio
    0.30% · 0.21%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • COMBAvsSDMFB

    GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF · Simplify DBi CTA Managed Futures Index ETF

    Expense ratio
    0.25% · 0.21%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.