COMB vs MHF

Comparison between GRANITESHARES BLOOMBERG COMMODITY BROAD STRATEGY NO K-1 ETF (COMB, ETF) and Western Asset Municipal High Income Fund Inc (MHF, ETF).

5-Year PerformanceCOMB has outperformed MHF, delivering a return of +10.5% compared to +1.3%

COMB vs MHF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	COMB(ETF)	MHF(ETF)
Net Assets	$153M	$153M
Expense Ratio	0.25%	N/A
Max Drawdown	46.53%	35.92%
Sharpe Ratio	1.58	0.15
5Y Beta	0.16	0.20
5Y Dividends CAGR	39.70%	10.43%

Net Assets

COMB

$153M

Winner

MHF

$153M

Expense Ratio

COMB

0.25%

MHF

N/A

Max Drawdown

COMB

46.53%

Winner

MHF

35.92%

Sharpe Ratio

Winner

COMB

1.58

MHF

0.15

5Y Beta

Winner

COMB

0.16

MHF

0.20

5Y Dividends CAGR

Winner

COMB

39.70%

MHF

10.43%

COMB vs MHF - Historical Returns

Returns include dividend reinvestment.

Period	COMB	MHF
1 month	-5.95%	-0.81%
3 months	+5.54%	-0.17%
6 months	+20.26%	+0.66%
1 year	+33.40%	+5.15%
5 years(CAGR)	+10.55%	+1.31%
10 years(CAGR)	+7.48%	+2.56%
Max(CAGR)	+7.48%	+4.91%

COMB

-5.95%

Winner

MHF

-0.81%

Winner

COMB

+5.54%

MHF

-0.17%

Winner

COMB

+20.26%

MHF

+0.66%

Winner

COMB

+33.40%

MHF

+5.15%

5Y(CAGR)

Winner

COMB

+10.55%

MHF

+1.31%

10Y(CAGR)

Winner

COMB

+7.48%

MHF

+2.56%

Max(CAGR)

Winner

COMB

+7.48%

MHF

+4.91%

COMB vs MHF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	COMB	MHF
2026	+22.07%	+2.36%
2025	+14.51%	+5.62%
2024	+5.89%	+11.13%
2023	-6.04%	+3.08%
2022	+14.58%	-17.27%
2021	+26.25%	+10.73%
2020	-2.87%	+2.74%
2019	+6.97%	+11.83%
2018	-11.88%	-2.40%
2017	+4.97%	+7.69%
2016	N/A	-4.81%
2015	N/A	+6.80%
2014	N/A	+20.30%
2013	N/A	-12.41%
2012	N/A	+6.95%
2011	N/A	+16.94%
2010	N/A	+3.58%
2009	N/A	+18.79%
2008	N/A	-6.14%
2007	N/A	-3.49%
2006	N/A	+15.59%
2005	N/A	+6.05%
2004	N/A	-0.82%
2003	N/A	+9.44%
2002	N/A	-2.15%
2001	N/A	+2.25%
2000	N/A	+21.56%
1999	N/A	-5.06%

COMB vs MHF Drawdown Comparison

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

The maximum drawdown for MHF was -29.95%, occurring on Oct 6, 2008. Recovery took 412 trading sessions.

The current COMB drawdown is -7.76%. The current MHF drawdown is -6.19%.

Rank	COMB	MHF
#1	-33.50% May 23, 2018 - Apr 26, 2021	-29.95% Jul 9, 2008 - Feb 26, 2010
#2	-26.48% Jun 7, 2022 - Jan 22, 2026	-26.72% Oct 25, 2021 - Feb 19, 2025
#3	-10.79% Mar 8, 2022 - Apr 18, 2022	-24.97% Feb 25, 2020 - Jan 26, 2021
#4	-10.77% Oct 25, 2021 - Jan 26, 2022	-24.71% Sep 26, 2012 - Dec 2, 2015
#5	-8.24% Apr 18, 2022 - Jun 6, 2022	-14.28% May 12, 2016 - Sep 19, 2017
#6	-7.76% May 12, 2026 - Jun 5, 2026	-14.13% Sep 28, 2010 - Sep 9, 2011
#7	-7.69% Jan 29, 2026 - Mar 4, 2026	-13.32% Mar 25, 2025 - Sep 19, 2025
#8	-6.50% Jul 29, 2021 - Sep 13, 2021	-13.25% Nov 12, 1999 - Jul 5, 2000
#9	-5.81% Jan 26, 2018 - May 21, 2018	-12.46% May 10, 2007 - May 30, 2008
#10	-5.75% May 24, 2017 - Jul 28, 2017	-11.92% Aug 24, 2001 - Jun 13, 2003
#11	-5.49% Jun 10, 2021 - Jul 2, 2021	-10.85% Mar 23, 2004 - May 26, 2005
#12	-5.26% Nov 6, 2017 - Jan 2, 2018	-9.99% Sep 19, 2017 - May 23, 2019
#13	-5.06% Mar 18, 2026 - Mar 31, 2026	-9.96% Sep 19, 2025 - Mar 27, 2026
#14	-4.38% Apr 6, 2026 - Apr 28, 2026	-9.23% Feb 27, 2012 - May 1, 2012
#15	-3.76% May 11, 2021 - Jun 1, 2021	-8.80% Jul 1, 2021 - Oct 25, 2021

Correlation

Correlation between COMB and MHF is 0.58 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.58

-101

Dividend Comparison (1999 - 2026)

COMB vs MHF dividend yield comparison.

Year	COMB	MHF
2026	0.00%	2.48%
2025	9.05%	5.93%
2024	2.48%	5.65%
2023	6.57%	3.78%
2022	30.85%	3.72%
2021	15.83%	3.23%
2020	0.07%	3.75%
2019	1.48%	4.02%
2018	0.97%	4.42%
2017	0.20%	4.14%
2016	0.00%	4.53%
2015	0.00%	4.45%
2014	0.00%	4.73%
2013	0.00%	5.59%
2012	0.00%	5.13%
2011	0.00%	5.57%
2010	0.00%	6.14%
2009	0.00%	5.98%
2008	0.00%	6.66%
2007	0.00%	5.66%
2006	0.00%	4.92%
2005	0.00%	6.10%
2004	0.00%	7.38%
2003	0.00%	7.22%
2002	0.00%	7.46%
2001	0.00%	7.17%
2000	0.00%	7.16%
1999	0.00%	1.34%