BCI vs COMB

BCIAabrdn Bloomberg All Commodity Strategy K-1 Free ETF

COMBAGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

In short

BCI Broad commodity exposure (energy, metals, grains, livestock) wrapped so your broker sends a 1099, not a K-1. It tracks the Bloomberg Commodity Index and charges one of the lowest fees in the broad-basket commodity aisle.

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

BCI The Fund seeks to track, before fees and expenses, the performance of the Bloomberg Commodity Index Total Return SM.

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

Why people hold it

• BCI Charges 0.26% a year, against a peer-group median well north of 0.60%. In an aisle where commodity wrappers get expensive, that gap is the pitch.
• Futures sit inside a wholly owned Cayman subsidiary, which keeps the fund a 1940 Act fund and means a 1099 at tax time instead of a partnership K-1.sec.gov
• Its index caps any sector at 33% and any single commodity at 15%, reweighted annually, so crude can't quietly swallow the portfolio the way it can in production-weighted benchmarks.bbhub.io
• Trading since 2017 and now a multi-billion-dollar, actively traded fund, it sits among the strongest implementations in the broad commodity basket group.

• 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

• BCI Returns come from rolling futures contracts, not warehoused metal or barrels, so the ride can diverge from the spot prices you see in headlines.sec.gov
• Cash payouts land once or twice a year at most. Commodities show up here as a diversifier, not an income stream.
• Sibling fund BCD runs the same commodity family with longer-dated contracts for 0.30%, a different answer to the roll question.

• 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 BCI profile⁠

Full COMB profile⁠