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COMB vs USCI

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

COMBANYSE Arca

United States Commodity Index Fund

USCIDNYSE Arca

Overlap

Expense ratio

COMB −0.80pt a year

COMB0.25%USCI1.05%

Avg volume · 30D

COMB 3.0×the volume

COMB39.2KUSCI13.2K

5Y return · a year

USCI +9.9pt

COMB+9.5%USCI+19.4%

COMB vs USCI Performance

Nov 2, 2021 – Nov 2, 2026

+57.2%COMB+142.5%USCI

Nov 2, 2021 to Nov 2, 2026. COMB +57.2%. USCI +142.5%. Use the arrow keys to read each point.0%25%100%Nov 2021May 2024Nov 2026
Expense ratio
COMB 0.25%, better
USCI 1.05%
Fund size
COMB $159M
USCI $418M
1Y total return
COMB +32.5%
USCI +36.5%, better
Yield (12M)
COMB 7.03%
USCI No data
Holdings
COMB 28
USCI 29
Avg volume (30D)
COMB 39.2K sh, better
USCI 13.2K sh
NAV per share
COMB $27.89
USCI $107.24
52W range

ETF.net Grade

COMB: Cost 93, Risk 52, Mission not scored, Tradability 48, Holdings not scored, Durability 30. USCI: Cost 0, Risk 74, Mission not scored, Tradability 49, Holdings not scored, Durability 56.
Pillar letters and Scores for COMB, USCI, with each pillar’s weight
PillarCOMBUSCI
Cost30% weightA93HigherF0
Mission25% weightNot scoredNot scored
Risk15% weightC52A74Higher
Tradability15% weightC48C49Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD30B56Higher

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 USCI 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 USCI 19th 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 18DFAARFirst Trust Alternative Absolute Return Strategy ETFScore 39
  6. Rank 19DUSCIUnited States Commodity Index FundScore 32
  7. Rank 20DDBPInvesco DB Precious Metals FundScore 30

Our read on each fund

ETF.net Research

COMBAGraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

USCIDUnited States Commodity Index 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.

USCI A 2010-vintage commodity fund that tracks the SummerHaven Dynamic Commodity Index Total Return, a broad basket of futures, through an old-school commodity pool wrapper and a premium price tag.

Stated mandate

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

USCI USCI seeks to track the daily percentage performance of the SummerHaven Dynamic Commodity Index Total Return, before expenses. The index represents a diversified group of commodities.

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.
  • USCI Broad by design: the index spreads exposure across a diversified group of commodities instead of riding one barrel of oil or one bar of gold.
  • Rules run it, not hunches. USCI follows a published index, so the rulebook behind the basket is knowable rather than a manager's judgment call.
  • Trading since 2010, it carries a real-world record through a full commodity cycle, not 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
  • USCI 1.05% a year is a premium in this aisle: BCI charges 0.26%, CMDY 0.29%. That fee gap is the clearest trade-off here.
  • It is a commodity pool, not a standard fund wrapper, which is why several rivals market themselves as K-1 free. Tax paperwork differs.
  • Trades thinly next to the category's biggest names, which can mean wider spreads. It also runs without a regular distribution schedule.

Full COMB profile⁠

Full USCI profile⁠

COMB vs USCI 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 USCI Cost

Overpaying USCI vs COMB

$14,336

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

  • COMB 0.25%

    $5,159

  • USCI 1.05%

    $19,495

$10,000
30 years

Cost over time

  • COMB 0.25%
  • USCI 1.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530USCI $19,495COMB $5,159

Year by year

YearCOMBUSCIOverpaying
10$455$1,847$1,392
20$1,769$6,927$5,158
30$5,159$19,495$14,336

Expense ratio

  • 0.25%COMB, cheaper
  • 1.05%USCI
  • Middle half of Broad Commodity Futures funds
  • Median 0.68%

COMB 2nd cheapest of 21 funds

USCI 21st cheapest of 21 funds

COMB vs USCI Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
COMB 7.03%
USCI No data
Payout (12M)
COMB $1.91
USCI None
Last payment
COMB $1.91
USCI No data
Ex-dividend
COMB Dec 29, 2025
USCI No data
Paid on
COMB Dec 31, 2025
USCI No data
Frequency
COMB Annual
USCI 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
USCIAll USCI payments⁠

No distribution history available.

COMB vs USCI Risk

Fall from peak · 5 years

  • COMB
  • USCI
Nov 2, 2021 to Nov 2, 2026. Worst fall: COMB −26.5% · May 2023. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
COMB 14.2%USCI 12.9%, better
Return per unit of riskSharpe ratio, 3 years
COMB 0.73USCI 1.31, better
Worst fallMax drawdown, 5 years
COMB −26.5%USCI −18.8%, better
Market sensitivityBeta, 5 years
COMB 1.00USCI 0.85

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.

  • USCIDvsCERYA

    United States Commodity Index Fund · State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

    Expense ratio
    1.05% · 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.

  • USCIDvsCMDYA

    United States Commodity Index Fund · iShares Bloomberg Roll Select Commodity Strategy ETF

    Expense ratio
    1.05% · 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.

  • USCIDvsSDMFB

    United States Commodity Index Fund · Simplify DBi CTA Managed Futures Index ETF

    Expense ratio
    1.05% · 0.21%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.