Weekly Channel Summary
The Commodity ETF Channel currently holds $346.29B in Total AUM distributed across 71 distinct ETFs managed by 28 issuers. Over the past 5 days, the channel recorded aggregate net flows of -$1,359M, shifting the Year-To-Date flow profile into negative territory at -$962M.
This Week’s Performance Leaders and Laggards
Carbon Credits led category performance for the week, returning 4.13% WTD. Precious Metals and Industrial Metals posted fractional gains of 0.53% and 0.18%, respectively. Conversely, Shipping Freight was the primary category laggard, declining -5.24% WTD, followed by Energy at -3.61%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Carbon Credits | 4.13% | 8.04% | 11.64% | -0.82% | -5.13% | 16.50% |
| Precious Metals | 0.53% | -1.14% | -14.92% | 13.38% | 2.84% | 57.60% |
| Industrial Metals | 0.18% | 4.54% | 6.73% | 22.11% | 12.90% | 40.37% |
| Agriculture | -2.18% | -2.05% | 3.70% | 4.87% | 7.49% | 2.01% |
| Multi-Sector | -2.43% | -3.08% | 11.97% | 25.28% | 24.78% | 40.24% |
| Energy | -3.61% | -5.65% | 31.09% | 42.18% | 46.65% | 48.33% |
| Shipping Freight | -5.24% | 4.94% | 91.30% | 320.58% | 386.48% | 769.99% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing individual product was UNG, gaining 8.97% on the week. The two weakest funds over the last 5 days were BWET (-12.20%) and USO (-9.51%).
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| UNG | United States Natural Gas Fund LP | 8.97% |
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust ETF of Beneficial Interest | 5.51% |
| UNL | United States 12 Month Natural Gas Fund LP | 5.27% |
| KRBN | KraneShares Global Carbon Strategy ETF | 4.66% |
| KCCA | KraneShares California Carbon Allowance Strategy ETF | 2.21% |
| Bottom Performers | ||
| BWET | Breakwave Tanker Shipping ETF | -12.20% |
| USO | United States Oil Fund LP | -9.51% |
| UGA | United States Gasoline Fund LP | -9.40% |
| BNO | United States Brent Oil Fund LP | -9.02% |
| DBE | Invesco DB Energy Fund | -7.51% |
Analyzing the Weekly Flows
The channel registered broad outflows overall (-$1,359M). The Energy category defied this trend, leading with $11M in net inflows. In contrast, Precious Metals suffered severe redemptions, bleeding -$1,184M over the past 5 days.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Energy | 11 | $3.89B | $11M | -$74M | $352M | $315M | $650M |
| Industrial Metals | 4 | $1.23B | $5M | $68M | -$6M | $458M | $748M |
| Carbon Credits | 3 | $0.26B | $0M | $2M | -$6M | -$21M | -$24M |
| Shipping Freight | 2 | $0.07B | -$22M | -$10M | -$33M | -$25M | -$84M |
| Agriculture | 8 | $2.71B | -$63M | $475M | $1,546M | $1,590M | $1,511M |
| Multi-Sector | 27 | $25.24B | -$107M | $854M | $1,971M | $3,584M | $5,569M |
| Precious Metals | 16 | $312.89B | -$1,184M | -$1,507M | -$16,534M | -$6,863M | $32,413M |
Top & Bottom 5 ETFs by 5-Day Flow
Focusing on individual products, USO captured the top spot for inflows, taking in $47M. Conversely, the top two ETFs for outflows were Precious Metals giants: GLD saw -$812M in redemptions, and SLV recorded -$228M in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| USO | United States Oil Fund LP | $47M |
| CMDY | iShares Bloomberg Roll Select Commodity Strategy ETF | $27M |
| HARD | Simplify Commodities Strategy No K-1 ETF | $12M |
| PIT | VanEck Commodity Strategy ETF | $11M |
| TILL | Teucrium Agricultural Strategy No K-1 ETF | $10M |
| Outflows | ||
| GLD | SPDR Gold Shares | -$812M |
| SLV | iShares Silver Trust | -$228M |
| HGER | Harbor Commodity All-Weather Strategy ETF | -$96M |
| GLDM | SPDR Gold Minishares Trust of beneficial interest | -$70M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | -$45M |
Issuer League Table Update
SPDR and iShares remain the top two dominant issuers by total category market share at 51.18% and 32.70%, respectively. Despite trailing the top four in total size, US Commodity Funds gathered the most weekly inflows across all issuers, adding $16M to their ETF lineup.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $177.24B | 51.18% |
| iShares | 7 | $113.23B | 32.70% |
| aberdeen | 7 | $21.36B | 6.17% |
| Invesco | 9 | $10.94B | 3.16% |
| US Commodity Funds | 8 | $4.40B | 1.27% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| US Commodity Funds | $16M |
| Simplify | $12M |
| VanEck | $11M |
| Outflows | |
| SPDR | -$879M |
| iShares | -$226M |
| Harbor | -$96M |
For a deeper dive into these trends, access our FREE, in-depth Commodity ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
