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COMB vs FAAR

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBANYSE Arca

First Trust Alternative Absolute Return Strategy ETF

FAARDNasdaq

Overlap

Expense ratio

COMB −0.73pt a year

COMB0.25%FAAR0.98%

Avg volume · 30D

FAAR 1.3×the volume

COMB39.2KFAAR51.7K

5Y return · a year

COMB +2.8pt

COMB+10.0%FAAR+7.2%

COMB vs FAAR Performance

Oct 29, 2021 – Oct 30, 2026

+61.1%COMB+41.3%FAAR

Oct 29, 2021 to Oct 30, 2026. COMB +61.1%. FAAR +41.3%. Use the arrow keys to read each point.0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
COMB 0.25%, better
FAAR 0.98%
Fund size
COMB $159M
FAAR $252M
1Y total return
COMB +35.3%, better
FAAR +20.0%
Yield (12M)
COMB 6.88%
FAAR 9.34%, better
Holdings
COMB 28
FAAR 16
Avg volume (30D)
COMB 39.2K sh
FAAR 51.7K sh, better
NAV per share
COMB $27.90
FAAR $32.57
52W range

ETF.net Grade

COMB: Cost 93, Risk 52, Mission not scored, Tradability 48, Holdings not scored, Durability 30. FAAR: Cost 7, Risk 69, Mission not scored, Tradability 62, Holdings 49, Durability 67.
Pillar letters and Scores for COMB, FAAR, with each pillar’s weight
PillarCOMBFAAR
Cost30% weightA93HigherF7
Mission25% weightNot scoredNot scored
Risk15% weightC52B69Higher
Tradability15% weightC48B62Higher
Holdings10% weightNot scoredC49
Durability5% weightD30B67Higher

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 FAAR 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 FAAR 18th 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 17CGSGiShares S&P GSCI Commodity-Indexed TrustScore 41
  6. Rank 18DFAARFirst Trust Alternative Absolute Return Strategy ETFScore 39
  7. Rank 19DUSCIUnited States Commodity Index FundScore 32

Our read on each fund

ETF.net Research

COMBAGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

FAARDFirst Trust Alternative Absolute Return Strategy ETF

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.

FAAR Most commodity funds only bet one way: up. FAAR is actively managed and can run short positions alongside long ones across the futures complex, aiming at absolute return rather than tracking a commodity index.

Stated mandate

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

FAAR The Fund seeks long-term total return through active management of long and short exchange-traded commodity futures positions, accessed through a wholly owned Cayman Islands subsidiary.

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.
  • FAAR Goes both ways. The managers can hold long and short exchange-traded commodity futures, so the fund is not structurally locked into commodity prices rising.ftportfolios.com
  • Active by design. A few dozen futures positions sized by the manager, not by a fixed index weighting, in a cohort where most rivals simply track a broad commodity benchmark.
  • Runs as a registered 1940 Act fund, with the futures book held in a wholly owned Cayman subsidiary. Distributions are paid quarterly.
  • Trading since 2016, giving the long/short approach a live record across very different commodity markets rather than a backtest.

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
  • FAAR Active costs money: 0.98% a year against a cohort median near 0.68%, and several times what index-based peers like BCI (0.26%) or CMDY (0.29%) charge.
  • No index to hug. Short positions can offset a broad commodity rally, so results track the manager's calls rather than the commodity complex itself.
  • Mid-sized and moderately traded, so spreads can run wider than the largest commodity futures ETFs.

Full COMB profile⁠

Full FAAR profile⁠

COMB vs FAAR 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 FAAR Cost

Overpaying FAAR vs COMB

$13,203

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

  • COMB 0.25%

    $5,159

  • FAAR 0.98%

    $18,362

$10,000
30 years

Cost over time

  • COMB 0.25%
  • FAAR 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FAAR $18,362COMB $5,159

Year by year

YearCOMBFAAROverpaying
10$455$1,729$1,274
20$1,769$6,504$4,735
30$5,159$18,362$13,203

Expense ratio

  • 0.25%COMB, cheaper
  • 0.98%FAAR
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

COMB 2nd cheapest of 21 funds

FAAR 19th cheapest of 21 funds

COMB vs FAAR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
COMB 6.88%
FAAR 9.34%, better
Payout (12M)
COMB $1.91
FAAR $3.04
Last payment
COMB $1.91
FAAR $0.14
Ex-dividend
COMB Dec 29, 2025
FAAR Sep 24, 2026
Paid on
COMB Dec 31, 2025
FAAR Sep 30, 2026
Frequency
COMB Annual
FAAR Quarterly

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
FAARQuarterly · 25 paymentsAll FAAR payments⁠
One bar per payment. 25 payments from 2017 to 2026 YTD. Dec 21, 2017 $0.83; Mar 22, 2018 $0.01; Dec 18, 2018 $0.14; Dec 13, 2019 $0.26; Jun 25, 2020 $0.0092; Dec 24, 2020 $0.82; Jun 24, 2021 $0.0054; Dec 23, 2021 $1.86; Jun 24, 2022 $0.0028; Dec 15, 2022 $1.74; Mar 24, 2023 $0.16; Jun 27, 2023 $0.23; Sep 22, 2023 $0.23; Dec 15, 2023 $0.26; Mar 21, 2024 $0.20; Jun 27, 2024 $0.24; Sep 26, 2024 $0.20; Dec 17, 2024 $0.33; Mar 27, 2025 $0.15; Jun 26, 2025 $0.18; Sep 25, 2025 $0.18; Dec 16, 2025 $2.65; Mar 26, 2026 $0.11; Jun 25, 2026 $0.14; Sep 24, 2026 $0.14. Use the arrow keys to read each point.$0$52017202020232026YTD

COMB vs FAAR Risk

Fall from peak · 5 years

  • COMB
  • FAAR
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%FAAR 12.0%, better
Return per unit of riskSharpe ratio, 3 years
COMB 0.73, betterFAAR 0.59
Worst fallMax drawdown, 5 years
COMB −26.5%FAAR −18.1%, better
Market sensitivityBeta, 5 years
COMB 1.00FAAR 0.66

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.

  • FAARDvsCERYA

    First Trust Alternative Absolute Return Strategy ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.98% · 0.28%
    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
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  • FAARDvsCMDYA

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    Expense ratio
    0.98% · 0.29%
    Category
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  • COMBAvsSDMFB

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

    Expense ratio
    0.25% · 0.21%
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  • FAARDvsSDMFB

    First Trust Alternative Absolute Return Strategy ETF · Simplify DBi CTA Managed Futures Index ETF

    Expense ratio
    0.98% · 0.21%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.