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COMB vs DBC

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBANYSE Arca

Invesco DB Commodity Index Tracking Fund

DBCCNYSE Arca

Overlap

Expense ratio

COMB −0.64pt a year

COMB0.25%DBC0.89%

Avg volume · 30D

DBC 22.1×the volume

COMB39.2KDBC867K

5Y return · a year

DBC +2.6pt

COMB+10.0%DBC+12.6%

COMB vs DBC Performance

Oct 29, 2021 – Oct 30, 2026

+61.1%COMB+80.8%DBC

Oct 29, 2021 to Oct 30, 2026. COMB +61.1%. DBC +80.8%. Use the arrow keys to read each point.0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
COMB 0.25%, better
DBC 0.89%
Fund size
COMB $159M
DBC $1.94B
1Y total return
COMB +35.3%
DBC +51.8%, better
Yield (12M)
COMB 6.88%, better
DBC 2.21%
Holdings
COMB 28
DBC 28
Avg volume (30D)
COMB 39.2K sh
DBC 867K sh, better
NAV per share
COMB $27.90
DBC $33.77
52W range

ETF.net Grade

COMB: Cost 93, Risk 52, Mission not scored, Tradability 48, Holdings not scored, Durability 30. DBC: Cost 18, Risk 44, Mission not scored, Tradability 72, Holdings 55, Durability 81.
Pillar letters and Scores for COMB, DBC, with each pillar’s weight
PillarCOMBDBC
Cost30% weightA93HigherF18
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherC44
Tradability15% weightC48A72Higher
Holdings10% weightNot scoredB55
Durability5% weightD30A81Higher

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. COMB and DBC 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 DBC 16th 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 15CISTMiShares Strategic Metals ETFScore 45
  6. Rank 16CDBCInvesco DB Commodity Index Tracking FundScore 43
  7. Rank 17CGSGiShares S&P GSCI Commodity-Indexed TrustScore 41

Our read on each fund

ETF.net Research

COMBAGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

DBCCInvesco DB Commodity Index Tracking Fund

In short

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.

DBC One of the original broad commodity ETFs, running since 2006: roughly 30 futures positions and an index built to pick contracts by roll yield, not by default. Big, actively traded, and still a K-1 partnership.

Stated mandate

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

DBC The Fund seeks to track positive or negative changes in the DBIQ Optimum Yield Diversified Commodity Index Excess Return.

Why people hold it

  • 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.
  • DBC Live since 2006, making it one of the longest-running broad commodity funds around, and it still sits in the multi-billion-dollar, actively traded tier of its category.
  • "Optimum Yield" is in the index name for a reason: the rules choose which contract along each commodity's futures curve to hold instead of defaulting to the nearest month.invesco.com
  • One ticker for a diversified basket of about 30 commodity futures positions, with no futures account, margin calls, or roll dates to manage yourself.invesco.com

Worth knowing

  • 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
  • DBC The 0.89% expense ratio is the trade-off: K-1-free peers such as BCI (0.26%) and CMDY (0.29%) cover similar ground for a fraction of the fee.
  • It is a commodity partnership, so tax season brings a Schedule K-1 rather than a 1099. Several newer competitors were built specifically to avoid that form.invesco.com
  • The fund follows its index's futures prices and roll choices, not spot prices, so it can move differently from the oil or copper headlines you see quoted.

Full COMB profile⁠

Full DBC profile⁠

COMB vs DBC 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.

COMB vs DBC Cost

Overpaying DBC vs COMB

$11,713

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

  • COMB 0.25%

    $5,159

  • DBC 0.89%

    $16,872

$10,000
30 years

Cost over time

  • COMB 0.25%
  • DBC 0.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DBC $16,872COMB $5,159

Year by year

YearCOMBDBCOverpaying
10$455$1,576$1,121
20$1,769$5,953$4,184
30$5,159$16,872$11,713

Expense ratio

  • 0.25%COMB, cheaper
  • 0.89%DBC
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

COMB 2nd cheapest of 21 funds

DBC 17th cheapest of 21 funds

COMB vs DBC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
COMB 6.88%, better
DBC 2.21%
Payout (12M)
COMB $1.91
DBC $0.74
Last payment
COMB $1.91
DBC $0.74
Ex-dividend
COMB Dec 29, 2025
DBC Dec 22, 2025
Paid on
COMB Dec 31, 2025
DBC Dec 26, 2025
Frequency
COMB Annual
DBC Annual

Distribution history

Per share, 2017 to 2026, same scale for both

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
DBCAnnual · 6 paymentsAll DBC payments⁠
One bar per payment. 6 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.19; Dec 23, 2019 $0.25; Dec 19, 2022 $0.15; Dec 18, 2023 $1.09; Dec 23, 2024 $1.12; Dec 22, 2025 $0.74. Use the arrow keys to read each point.$0$52017202020232026YTD

COMB vs DBC Risk

Fall from peak · 5 years

  • COMB
  • DBC
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
COMB 14.2%, betterDBC 16.6%
Return per unit of riskSharpe ratio, 3 years
COMB 0.73, betterDBC 0.71
Worst fallMax drawdown, 5 years
COMB −26.5%, betterDBC −27.4%
Market sensitivityBeta, 5 years
COMB 1.00DBC 1.05

COMB and DBC in the news

All news⁠

Popular comparisons

  • 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.

  • DBCCvsCERYA

    Invesco DB Commodity Index Tracking Fund · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.89% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • 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.

  • DBCCvsCMDYA

    Invesco DB Commodity Index Tracking Fund · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.89% · 0.29%
    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.

  • DBCCvsSDMFB

    Invesco DB Commodity Index Tracking Fund · Simplify DBi CTA Managed Futures Index ETF

    Expense ratio
    0.89% · 0.21%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.