COMB vs MFEM

Comparison between GRANITESHARES BLOOMBERG COMMODITY BROAD STRATEGY NO K-1 ETF (COMB, ETF) and PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGING MARKETS EQUITY ETF (MFEM, ETF).

5-Year PerformanceCOMB has outperformed MFEM, delivering a return of +10.3% compared to +7.6%

COMB vs MFEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	COMB(ETF)	MFEM(ETF)
Net Assets	$159M	$159M
Expense Ratio	0.25%	0.49%
Max Drawdown	46.53%	48.84%
Sharpe Ratio	1.56	1.70
5Y Beta	0.16	0.70
5Y Dividends CAGR	39.70%	10.02%

Net Assets

Winner

COMB

$159M

MFEM

$159M

Expense Ratio

Winner

COMB

0.25%

MFEM

0.49%

Max Drawdown

Winner

COMB

46.53%

MFEM

48.84%

Sharpe Ratio

COMB

1.56

Winner

MFEM

1.70

5Y Beta

Winner

COMB

0.16

MFEM

0.70

5Y Dividends CAGR

Winner

COMB

39.70%

MFEM

10.02%

COMB vs MFEM - Historical Returns

Returns include dividend reinvestment.

Period	COMB	MFEM
1 month	-4.99%	-3.19%
3 months	+1.79%	+10.95%
6 months	+21.46%	+24.74%
1 year	+31.52%	+40.86%
5 years(CAGR)	+10.29%	+7.60%
10 years(CAGR)	+7.34%	+7.59%
Max(CAGR)	+7.34%	+7.59%

COMB

-4.99%

Winner

MFEM

-3.19%

COMB

+1.79%

Winner

MFEM

+10.95%

COMB

+21.46%

Winner

MFEM

+24.74%

COMB

+31.52%

Winner

MFEM

+40.86%

5Y(CAGR)

Winner

COMB

+10.29%

MFEM

+7.60%

10Y(CAGR)

COMB

+7.34%

Winner

MFEM

+7.59%

Max(CAGR)

COMB

+7.34%

Winner

MFEM

+7.59%

COMB vs MFEM - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	COMB	MFEM
2026	+20.77%	+20.68%
2025	+14.51%	+25.82%
2024	+5.89%	+6.16%
2023	-6.04%	+14.55%
2022	+14.58%	-20.63%
2021	+26.25%	+10.12%
2020	-2.87%	+9.82%
2019	+6.97%	+14.99%
2018	-11.88%	-15.89%
2017	+4.97%	+4.82%

COMB vs MFEM Drawdown Comparison

The maximum drawdown for COMB was -33.50%, occurring on Apr 21, 2020. Recovery took 735 trading sessions.

The maximum drawdown for MFEM was -43.32%, occurring on Mar 23, 2020. Recovery took 735 trading sessions.

The current COMB drawdown is -8.74%. The current MFEM drawdown is -7.79%.

Rank	COMB	MFEM
#1	-33.50% May 23, 2018 - Apr 26, 2021	-43.32% Jan 26, 2018 - Dec 28, 2020
#2	-26.48% Jun 7, 2022 - Jan 22, 2026	-31.39% Jun 4, 2021 - Sep 26, 2024
#3	-10.79% Mar 8, 2022 - Apr 18, 2022	-19.22% Oct 7, 2024 - Jun 24, 2025
#4	-10.77% Oct 25, 2021 - Jan 26, 2022	-12.86% Feb 25, 2026 - Apr 30, 2026
#5	-8.74% May 12, 2026 - Jun 9, 2026	-8.31% Jun 2, 2026 - Jun 5, 2026
#6	-8.24% Apr 18, 2022 - Jun 6, 2022	-7.46% Feb 12, 2021 - Apr 27, 2021
#7	-7.69% Jan 29, 2026 - Mar 4, 2026	-6.04% Jan 21, 2021 - Feb 9, 2021
#8	-6.50% Jul 29, 2021 - Sep 13, 2021	-6.02% May 11, 2026 - May 26, 2026
#9	-5.81% Jan 26, 2018 - May 21, 2018	-4.76% May 7, 2021 - May 28, 2021
#10	-5.75% May 24, 2017 - Jul 28, 2017	-4.46% Sep 17, 2025 - Oct 20, 2025
#11	-5.49% Jun 10, 2021 - Jul 2, 2021	-4.16% Nov 12, 2025 - Dec 26, 2025
#12	-5.26% Nov 6, 2017 - Jan 2, 2018	-3.96% Sep 11, 2017 - Oct 16, 2017
#13	-5.06% Mar 18, 2026 - Mar 31, 2026	-3.68% Nov 24, 2017 - Dec 22, 2017
#14	-4.38% Apr 6, 2026 - Apr 28, 2026	-3.64% Jul 23, 2025 - Aug 12, 2025
#15	-3.76% May 11, 2021 - Jun 1, 2021	-3.51% Jan 29, 2026 - Feb 9, 2026