What Is the COMB ETF? Returns, Expense Ratio, Holdings and Alternative ETFs Explained
The GraniteShares Bloomberg Commodity ETF, trading under the ticker COMB, benchmarks the Bloomberg Commodity Index and spreads investments broadly across energy, metals, agricultural and livestock futures. It draws attention as an inflation-hedge commodity ETF and offers a simple tax structure.
SubscribeWhat Is the GraniteShares Bloomberg Commodity ETF?
This commodity ETF gains diversified exposure to a range of commodity futures, using the Bloomberg Commodity Index as its benchmark. It holds futures contracts across several economic sectors, including energy, metals, agriculture and livestock.
It suits investors who want to add commodity diversification and an inflation-hedging element to their portfolios.
The ETF is managed by GraniteShares using an active management approach.
How Does the GraniteShares Bloomberg Commodity ETF Invest?
| Item | Details |
|---|---|
| Tracked index | Benchmarked to the Bloomberg Commodity Index |
| Management style | Active (enhanced strategy based on an index benchmark) |
| Rebalancing frequency | Regular rebalancing |
| Distribution frequency | Irregular distributions |
| Total expense ratio | 0.25% |
The fund gains exposure to the various commodity futures markets included in the Bloomberg Commodity Index. Going beyond simple index tracking, it also runs a cash management strategy that uses high-quality bonds such as short-term Treasuries as collateral, seeking to generate excess returns. It issues a standard 1099 tax form, which makes tax handling simpler than with a K-1 form.
- Simple tax handling through a 1099 form, with no K-1 form
- Futures diversification across multiple sectors, including energy, metals, agriculture and livestock
GraniteShares Bloomberg Commodity ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $161.8M, and the total expense ratio is 0.25% per year.
Compared with PDBC, BCI, CMDT, SDCI and NBCM, which belong to the same broad commodity diversification category, it differs in fees, distribution rates and other aspects, and the cash management strategies also vary by issuer.
GraniteShares Bloomberg Commodity ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeCommodity prices have repeatedly risen and fallen with supply chain conditions, geopolitical variables and the strength of the dollar, while the asset class has maintained its characteristic low correlation with stocks and bonds.
Inflows driven by demand for inflation hedges and portfolio diversification continue to influence fund flows across commodity ETFs as a whole, and interest tends to rise and fall whenever geopolitical issues come to the fore.
GraniteShares Bloomberg Commodity ETF Pros and Cons
Multi-sector commodity diversification and simple tax handling are its strengths, but the high volatility inherent in commodities and futures rollover costs deserve attention.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products to the GraniteShares Bloomberg Commodity ETF
PDBC, BCI, CMDT, SDCI and NBCM, shown in the table, are all ETFs in the same category, offering diversified exposure to broad commodity futures, and they differ in cash management strategy, fee level and distribution policy by issuer. Investors who want to focus on a specific sector rather than commodities as a whole may also compare thematic commodity ETFs such as USO for the energy sector, GLD for physically backed gold, and DBB, which has a large weighting in precious and industrial metals.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $19.83 | -0.1% | $7.9B | 0.59% | 2.57% | +50.1% |
 BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | $26.26 | -0.3% | $3.5B | 0.26% | 12.26% | +20.7% |
 CMDT | PIMCO Commodity Strategy Active ETF | $32.15 | -0.4% | $839.9M | 0.65% | 11.91% | +17.2% |
 SDCI | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | $31.34 | -0.5% | $820.3M | 0.60% | 2.59% | +38.0% |
 NBCM | Neuberger Commodity Strategy ETF | $31.58 | -0.3% | $572.1M | 0.65% | 6.06% | +32.3% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 USLM | United States Lime & Minerals Inc | 0.81% | $107.04 | +2.1% | $3.1B | 22.9 | 0.22% |
 BNO | United States Brent Oil Fund LP | 0.75% | $64.86 | -0.3% | $0.0M | - | - |
 NYT | New York Times Co | 0.35% | $68.94 | +2.7% | $11.1B | 28.8 | 1.3% |
GraniteShares Bloomberg Commodity ETF Investor Checkpoints
Here are the points to review before investing in COMB. Although it offers commodity diversification benefits, you need to understand its volatility and futures structure in advance, and it is also worth examining its correlation with other asset classes.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the effect of cumulative costs over a long holding period | Annual fee applies |
| 🌾 Sector diversification | Check the weighting across energy, metals and agriculture | Multi-sector diversification maintained |
| 📉 Volatility | Assess the potential for sharp swings in commodity prices | Periods of high volatility exist |
| 🔄 Rollover structure | Check whether costs arise from futures expiration rollovers | Regular rollovers in progress |
Commodity prices react sensitively to geopolitical issues and supply chain variables, so short-term volatility is large, and the costs incurred during futures rollovers can also affect long-term returns.
It is a suitable choice for investors seeking commodity exposure for portfolio diversification and inflation hedging, and it is recommended to compare its fees, tax structure and distribution policy with those of similar ETFs before choosing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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