Skip to content
etf.net

COMB vs DBP

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBANYSE Arca

Invesco DB Precious Metals Fund

DBPDNYSE Arca

Overlap

Expense ratio

COMB −0.51pt a year

COMB0.25%DBP0.76%

Avg volume · 30D

COMB 2.6×the volume

COMB39.2KDBP15.1K

5Y return · a year

DBP +5.9pt

COMB+9.5%DBP+15.4%

COMB vs DBP Performance

Nov 2, 2021 – Nov 2, 2026

+57.2%COMB+104.2%DBP

Nov 2, 2021 to Nov 2, 2026. COMB +57.2%. DBP +104.2%. Use the arrow keys to read each point.0%150%200%Nov 2021May 2024Nov 2026
Expense ratio
COMB 0.25%, better
DBP 0.76%
Fund size
COMB $159M
DBP $204M
1Y total return
COMB +32.5%, better
DBP −1.9%
Yield (12M)
COMB 7.03%, better
DBP 2.84%
Holdings
COMB 28
DBP 8
Avg volume (30D)
COMB 39.2K sh, better
DBP 15.1K sh
NAV per share
COMB $27.89
DBP $86.62
52W range

ETF.net Grade

COMB: Cost 93, Risk 52, Mission not scored, Tradability 48, Holdings not scored, Durability 30. DBP: Cost 32, Risk 11, Mission not scored, Tradability 26, Holdings 45, Durability 60.
Pillar letters and Scores for COMB, DBP, with each pillar’s weight
PillarCOMBDBP
Cost30% weightA93HigherD32
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherF11
Tradability15% weightC48HigherD26
Holdings10% weightNot scoredC45
Durability5% weightD30B60Higher

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 DBP 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 DBP 20th of 21 funds in the Broad Commodity Futures Category.

  1. Rank 1ACERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETFScore 76
  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 19DUSCIUnited States Commodity Index FundScore 32
  6. Rank 20DDBPInvesco DB Precious Metals FundScore 30
  7. Rank 21FKRBNKraneShares Global Carbon Strategy ETFScore 13

Our read on each fund

ETF.net Research

COMBAGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

DBPDInvesco DB Precious Metals 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.

DBP Gold and silver in one futures wrapper, running since 2007. Rather than rolling into the front-month contract on a calendar, its Deutsche Bank index shops the curve for the best implied roll yield. A commodity pool, not a 1940 Act fund.

Stated mandate

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

DBP The Fund seeks to track the DBIQ Optimum Yield Precious Metals Index, primarily through commodity futures exposure to gold and silver.

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.
  • DBP Two metals, one ticker: a rules-based basket of gold and silver futures, rebalanced and reconstituted every November.invesco.com
  • The "Optimum Yield" rule selects the contract with the best implied roll yield, out to 13 months ahead, instead of rolling on a fixed schedule.sec.govsec.gov 2
  • Live since 2007. Futures are collateralized with Treasuries, money market funds and T-Bill ETFs, so that cash earns interest alongside the index.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
  • DBP Charges 0.76% a year, pricier than broad-basket commodity peers such as BCI (0.26%) and CMDY (0.29%).
  • It is a commodity pool, not a fund registered under the 1940 Act, and it issues a Schedule K-1 at tax time rather than a 1099.invesco.com
  • Thinly traded, so spreads can widen. And it holds futures on the metals, not bars in a vault, so curve shape shows up in returns.sec.gov

Full COMB profile⁠

Full DBP profile⁠

COMB vs DBP 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 DBP Cost

Overpaying DBP vs COMB

$9,497

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

  • COMB 0.25%

    $5,159

  • DBP 0.76%

    $14,656

$10,000
30 years

Cost over time

  • COMB 0.25%
  • DBP 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DBP $14,656COMB $5,159

Year by year

YearCOMBDBPOverpaying
10$455$1,353$898
20$1,769$5,142$3,373
30$5,159$14,656$9,497

Expense ratio

  • 0.25%COMB, cheaper
  • 0.76%DBP
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

COMB 2nd cheapest of 21 funds

DBP 14th cheapest of 21 funds

COMB vs DBP Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
COMB 7.03%, better
DBP 2.84%
Payout (12M)
COMB $1.91
DBP $2.50
Last payment
COMB $1.91
DBP $2.50
Ex-dividend
COMB Dec 29, 2025
DBP Dec 22, 2025
Paid on
COMB Dec 31, 2025
DBP Dec 26, 2025
Frequency
COMB Annual
DBP 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
DBPAnnual · 7 paymentsAll DBP payments⁠
One bar per payment. 7 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.05; Dec 24, 2018 $0.45; Dec 23, 2019 $0.53; Dec 19, 2022 $0.22; Dec 18, 2023 $2.23; Dec 23, 2024 $2.56; Dec 22, 2025 $2.50. Use the arrow keys to read each point.$0$52017202020232026YTD

COMB vs DBP Risk

Fall from peak · 5 years

  • COMB
  • DBP
Nov 2, 2021 to Nov 2, 2026. Worst fall: DBP −36.6% · Oct 2026. Use the arrow keys to read each point.−40%−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
COMB 14.2%, betterDBP 21.7%
Return per unit of riskSharpe ratio, 3 years
COMB 0.73DBP 0.90, better
Worst fallMax drawdown, 5 years
COMB −26.5%, betterDBP −36.6%
Market sensitivityBeta, 5 years
COMB 1.00DBP 0.37

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.

  • DBPDvsCERYA

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

    Expense ratio
    0.76% · 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.

  • DBPDvsCMDYA

    Invesco DB Precious Metals Fund · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.76% · 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.

  • DBPDvsSDMFB

    Invesco DB Precious Metals Fund · Simplify DBi CTA Managed Futures Index ETF

    Expense ratio
    0.76% · 0.21%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.