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COMB vs ISTM

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBBNYSE Arca

iShares Strategic Metals ETF

ISTMCNasdaq

Overlap

Expense ratio

COMB −0.22pt a year

COMB0.25%ISTM0.47%

Avg volume · 30D

COMB 4.5×the volume

COMB38.9KISTM8.71K

COMB vs ISTM Performance

Aug 7, 2026 – Nov 9, 2026

+3.0%COMB−7.6%ISTM

Aug 7, 2026 to Nov 9, 2026. COMB +3.0%. ISTM −7.6%. Use the arrow keys to read each point.−5%0%10%Aug 2026Sep 2026Nov 2026
Expense ratio
COMB 0.25%, better
ISTM 0.47%
Fund size
COMB $152M
ISTM $28M
1Y total return
COMB +28.9%
ISTM No data
Yield (12M)
COMB 7.22%
ISTM 14.87%, better
Holdings
COMB 40
ISTM 74
Avg volume (30D)
COMB 38.9K sh, better
ISTM 8.71K sh
NAV per share
COMB $26.65
ISTM $27.71
52W range

ETF.net Grade

COMB: Cost 93, Risk 52, Mission not scored, Tradability 55, Holdings not scored, Durability 31. ISTM: Cost 73, Risk 9, Mission not scored, Tradability 4, Holdings 69, Durability 35.
Pillar letters and Scores for COMB, ISTM, with each pillar’s weight
PillarCOMBISTM
Cost30% weightA93HigherA73
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherF9
Tradability15% weightB55HigherF4
Holdings10% weightNot scoredB69
Durability5% weightD31D35Higher

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 ISTM are both graded against the same 22 Broad Commodity Futures funds, so their Grades compare head to head.

Broad Commodity Futures⁠

Category · 22 funds
See all 22 ›

COMB ranks 3rd and ISTM 15th of 22 funds in the Broad Commodity Futures Category.

  1. Rank 1ACERYState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETFScore 78
  2. Rank 2ABCIabrdn Bloomberg All Commodity Strategy K-1 Free ETFScore 73
  3. Rank 3BCMDYiShares Bloomberg Roll Select Commodity Strategy ETFScore 69
  4. Rank 3BCOMBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETFScore 69
  5. Rank 5BSDMFSimplify DBi CTA Managed Futures Index ETFScore 67
  6. Rank 15CDCMTDoubleLine Commodity Strategy ETFScore 43
  7. Rank 15CISTMiShares Strategic Metals ETFScore 43
  8. Rank 18CGSGiShares S&P GSCI Commodity-Indexed TrustScore 42

Our read on each fund

ETF.net Research

COMBBGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

ISTMCiShares Strategic Metals 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.

ISTM Born in 2023 as a clean-energy metals fund, re-badged in 2026 around re-industrialization: one long-only basket of metal futures, now aimed at AI buildouts, grids and defense. 0.47% net of a waiver through February 29, 2028.

Stated mandate

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

ISTM The Fund seeks to track a commodities futures index providing strategic exposure to metals used in structural themes including AI infrastructure, manufacturing, energy production and distribution, and national security.

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.
  • ISTM Fee lands below the category median: 0.47% net of a waiver through February 29, 2028, against a 0.49% gross rate.
  • Category rivals buy the whole commodity shelf (energy, grains, livestock). This one holds a long-only basket of exchange-traded metal futures and nothing else.sec.gov
  • Metals exposure runs through futures in a wholly owned Cayman subsidiary, capped at 25% of fund assets to stay inside Subchapter M's rules for fund-level tax treatment.ishares.comsec.gov

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
  • ISTM Cheaper broad-basket options sit in the same category: BCI at 0.26% and COMB at 0.25%, neither waiver-dependent, for diversified commodity exposure instead of metals only.
  • Small and lightly traded, so bid-ask spreads can run wider than in the category's biggest funds.
  • It owns futures, not metal, and the index behind it changed in 2026, so the record since the 2023 launch reflects a different basket for much of that stretch.sec.gov

Full COMB profile⁠

Full ISTM profile⁠

COMB vs ISTM 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 ISTM Cost

Overpaying ISTM vs COMB

$4,259

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

  • COMB 0.25%

    $5,159

  • ISTM 0.47%

    $9,418

$10,000
30 years

Cost over time

  • COMB 0.25%
  • ISTM 0.47%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530ISTM $9,418COMB $5,159

Year by year

YearCOMBISTMOverpaying
10$455$847$392
20$1,769$3,261$1,492
30$5,159$9,418$4,259

Expense ratio

  • 0.25%COMB, cheaper
  • 0.47%ISTM
  • Middle half of Broad Commodity Futures funds
  • Median 0.67%

COMB 2nd cheapest of 22 funds

ISTM 7th cheapest of 22 funds

COMB vs ISTM Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
COMB 7.22%
ISTM 14.87%, better
Payout (12M)
COMB $1.91
ISTM $4.20
Last payment
COMB $1.91
ISTM $4.20
Ex-dividend
COMB Dec 29, 2025
ISTM Dec 16, 2025
Paid on
COMB Dec 31, 2025
ISTM Dec 19, 2025
Frequency
COMB Annual
ISTM 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
ISTMAnnual · 3 paymentsAll ISTM payments⁠
One bar per payment. 3 payments from 2017 to 2026 YTD. Dec 20, 2023 $0.26; Dec 17, 2024 $6.34; Dec 16, 2025 $4.20. Use the arrow keys to read each point.$0$52017202020232026YTD

COMB vs ISTM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
COMB 14.2%ISTM No data
Return per unit of riskSharpe ratio, 3 years
COMB 0.73ISTM No data
Worst fallMax drawdown, 5 years
COMB −26.5%ISTM No data
Market sensitivityBeta, 5 years
COMB 1.00ISTM 0.52

Popular comparisons

  • COMBBvsCERYA

    GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
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    Category
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  • ISTMCvsCERYA

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  • ISTMCvsCMDYB

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    Expense ratio
    0.47% · 0.29%
    Category
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