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COMB vs GSG

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBANYSE Arca

iShares S&P GSCI Commodity-Indexed Trust

GSGCNYSE Arca

Overlap

Expense ratio

COMB −0.50pt a year

COMB0.25%GSG0.75%

Avg volume · 30D

GSG 30.2×the volume

COMB39.2KGSG1.18M

5Y return · a year

GSG +5.7pt

COMB+10.0%GSG+15.7%

COMB vs GSG Performance

Oct 29, 2021 – Oct 30, 2026

+61.1%COMB+107.4%GSG

Oct 29, 2021 to Oct 30, 2026. COMB +61.1%. GSG +107.4%. Use the arrow keys to read each point.0%25%75%Oct 2021Apr 2024Oct 2026
Expense ratio
COMB 0.25%, better
GSG 0.75%
Fund size
COMB $159M
GSG $1.06B
1Y total return
COMB +35.3%
GSG +59.5%, better
Yield (12M)
COMB 6.88%
GSG No data
Holdings
COMB 28
GSG 25
Avg volume (30D)
COMB 39.2K sh
GSG 1.18M sh, better
NAV per share
COMB $27.90
GSG $37.24
52W range

ETF.net Grade

COMB: Cost 93, Risk 52, Mission not scored, Tradability 48, Holdings not scored, Durability 30. GSG: Cost 32, Risk 30, Mission not scored, Tradability 58, Holdings 46, Durability 83.
Pillar letters and Scores for COMB, GSG, with each pillar’s weight
PillarCOMBGSG
Cost30% weightA93HigherD32
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherD30
Tradability15% weightC48B58Higher
Holdings10% weightNot scoredC46
Durability5% weightD30A83Higher

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 GSG 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 GSG 17th 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 16CDBCInvesco DB Commodity Index Tracking FundScore 43
  6. Rank 17CGSGiShares S&P GSCI Commodity-Indexed TrustScore 41
  7. Rank 18DFAARFirst Trust Alternative Absolute Return Strategy ETFScore 39

Our read on each fund

ETF.net Research

COMBAGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

GSGCiShares S&P GSCI Commodity-Indexed Trust

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.

GSG The old-guard commodity trade. Since 2006, GSG has tracked the S&P GSCI, a fully collateralized basket of commodity futures, while most of the newer competition is built on Bloomberg indexes and roll-tweaking overlays.

Stated mandate

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

GSG The fund seeks to track a fully collateralized index representing a diversified group of commodity futures.

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.
  • GSG Tracks the S&P GSCI Total Return Index: a diversified, fully collateralized futures basket, with collateral interest built into the index rather than paid out.ishares.com
  • Live since 2006, so its record spans more than one commodity boom and bust.
  • A different engine from the pack: peers like BCI, BCD and CMDY run Bloomberg commodity indexes, while GSG stays with the S&P GSCI.
  • Actively traded, so getting in and out is generally straightforward.

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
  • GSG The 0.75% fee sits above the broad-commodity norm: BCI charges 0.26% and CMDY 0.29% for a similar all-in-one basket.
  • Commodity futures swing hard, and this one sits among the more volatile choices even inside its own category.
  • No distributions: collateral interest shows up inside the total-return index instead of arriving as income.

Full COMB profile⁠

Full GSG profile⁠

COMB vs GSG 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 GSG Cost

Overpaying GSG vs COMB

$9,323

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

  • COMB 0.25%

    $5,159

  • GSG 0.75%

    $14,482

$10,000
30 years

Cost over time

  • COMB 0.25%
  • GSG 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GSG $14,482COMB $5,159

Year by year

YearCOMBGSGOverpaying
10$455$1,336$881
20$1,769$5,078$3,309
30$5,159$14,482$9,323

Expense ratio

  • 0.25%COMB, cheaper
  • 0.75%GSG
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

COMB 2nd cheapest of 21 funds

GSG 13th cheapest of 21 funds

COMB vs GSG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
COMB 6.88%
GSG No data
Payout (12M)
COMB $1.91
GSG None
Last payment
COMB $1.91
GSG No data
Ex-dividend
COMB Dec 29, 2025
GSG No data
Paid on
COMB Dec 31, 2025
GSG No data
Frequency
COMB Annual
GSG No data

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
GSGAll GSG payments⁠

No distribution history available.

COMB vs GSG Risk

Fall from peak · 5 years

  • COMB
  • GSG
Oct 29, 2021 to Oct 30, 2026. Worst fall: GSG −29.1% · 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%, betterGSG 20.7%
Return per unit of riskSharpe ratio, 3 years
COMB 0.73GSG 0.75, better
Worst fallMax drawdown, 5 years
COMB −26.5%, betterGSG −29.1%
Market sensitivityBeta, 5 years
COMB 1.00GSG 1.27

COMB and GSG 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.

  • GSGCvsCERYA

    iShares S&P GSCI Commodity-Indexed Trust · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    0.75% · 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.

  • GSGCvsCMDYA

    iShares S&P GSCI Commodity-Indexed Trust · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    0.75% · 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.

  • GSGCvsSDMFB

    iShares S&P GSCI Commodity-Indexed Trust · Simplify DBi CTA Managed Futures Index ETF

    Expense ratio
    0.75% · 0.21%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.