GraniteShares Bloomberg Commodity Broad… (COMB) Performance
COMB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +34.3% since Dec 31, 2025
- 1 year
- +37.6% total return
- 5 years
- +10.3% a year
- Since first price
- +8.2% a year since 2017
COMB trailing returns vs SPY, QQQ, AGG
| Period | COMB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.6% | +6.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.8% | +6.8% | +7.8% | +8.4% | −1.5% |
| YTD | +34.3% | +34.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +37.6% | +26.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +54.4%+15.6%/yr | +30.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +63.2%+10.3%/yr | +19.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 25, 2017 | +109.9%+8.2%/yr | +49.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: COMB vs SPY
From May 25, 2017: COMB grew to $20,986, SPY to $36,435.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
COMB returns by calendar year
5 of 8 full years positive. Best 2021 (+26.3%), worst 2018 (−11.4%). 2026 is year to date.
COMB annual returns table
| Year | COMB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +34.3% | −14.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.1% | −9.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.2% | −11.4% | +24.9% | +25.6% | +1.3% |
| 2023 | −8.5% | −11.9% | +26.2% | +54.9% | +5.7% |
| 2022 | +14.6% | −19.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.3% | −10.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −2.9% | −27.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +7.0% | −7.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −11.4% | −15.2% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
COMB largest drawdowns
Now 2.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 23, 2018 | −33.5% | Apr 21, 2020 | Apr 26, 2021 | 1.9 years | 2.9 years |
| Jun 7, 2022 | −26.6% | May 31, 2023 | Jan 23, 2026 | 12 months | 3.6 years |
| May 12, 2026 | −14.8% | Jun 24, 2026 | Sep 1, 2026 | 43 days | 4 months |
| Mar 8, 2022 | −10.8% | Mar 15, 2022 | Apr 18, 2022 | 7 days | 41 days |
| Oct 25, 2021 | −10.8% | Dec 1, 2021 | Jan 27, 2022 | 37 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
COMB risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +15.1% | +10.6% | +8.2% |
| Volatility (annualized) | 14.2% | 15.7% | 14.6% |
| Sharpe ratio | 0.75 | 0.49 | 0.45 |
| Sortino ratio | 1.40 | 0.77 | 0.67 |
| Best month | +11.6% | +11.6% | +11.6% |
| Worst month | −8.7% | −10.9% | −13.4% |
| Best 12 months | +44.8% | +44.8% | +48.8% |
| Worst 12 months | −1.3% | −23.7% | −23.7% |
| Positive months | 64% | 58% | 57% |
| Beta vs S&P 500 | -0.18 | 0.18 | — |
| Correlation with S&P 500 | -0.16 | 0.18 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
COMB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 102 | −23.7% | +4.2% | +48.8% | 57% |
| 3-year (a year) | 78 | −7.3% | +6.4% | +20.4% | 77% |
| 5-year (a year) | 54 | +2.6% | +7.4% | +14.0% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
COMB performance overview
GraniteShares Bloomberg Commodity Broad… (COMB) returned +37.6% over the past year and +10.3% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +8.2% a year, turning $10,000 into about $20,986. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.5%, from May 23, 2018 to Apr 21, 2020, and it took 1.0 years to get back to the old high. COMB finished 5 of its 8 full calendar years with a gain; the best year was 2021 (+26.3%) and the worst 2018 (−11.4%). Volatility has been 14.6% a year.
Related: COMB chart, COMB dividends. See the COMB overview for the latest quote and fund facts.
COMB performance FAQ
What is the COMB return over the past year?
COMB returned +37.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 26.4%.
What is the average annual return of COMB?
COMB has returned +10.3% a year over 5 years, +8.2% a year since May 25, 2017 (total return, distributions reinvested).
How much would $10,000 invested in COMB be worth?
$10,000 invested in COMB at its first recorded close on May 25, 2017 would be worth about $20,986 on October 23, 2026 with distributions reinvested.
What was the worst year for COMB?
The worst calendar year was 2018, with a total return of −11.4%. The best was 2021 at +26.3%.
What is the biggest drawdown of COMB?
The largest peak-to-trough decline was −33.5% between May 23, 2018 and April 21, 2020. It recovered to the old high on April 26, 2021, 1.0 years after the bottom.
How volatile is COMB?
Over the past 3 years COMB had an annualized volatility of 14.2% and a Sharpe ratio of 0.75 (excess return over 1–3 month T-bills per unit of risk).