Weekly Channel Summary
The Commodities channel, encompassing 75 ETFs from 30 issuers, holds a total of $321.58 billion in assets under management. This week, the channel attracted significant investor interest, pulling in over $2.0 billion in net inflows. This recent positive sentiment contrasts with the year-to-date trend, which shows net outflows of $3.81 billion, though the channel has accumulated a substantial $27.7 billion over the past year.
This Week’s Performance Leaders and Laggards
Focused – Precious Metals led performance this week, gaining 7.55% as the category attempts to recover from a challenging quarter, though it remains down 0.94% year-to-date. On the other end of the spectrum, Focused – Energy funds fell sharply by 7.01%, trimming their strong year-to-date return to 54.09%. Meanwhile, the Specialty – Shipping Freight category continued its remarkable run, adding another 5.07% this week to bring its year-to-date performance to an incredible 819.95%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Focused – Precious Metals | 7.55% | 5.58% | -9.18% | -13.19% | -0.94% | 31.97% |
| Specialty – Shipping Freight | 5.07% | 38.66% | 43.36% | 363.57% | 819.95% | 1372.41% |
| Specialty – Carbon Credits | 1.86% | 1.43% | 12.01% | 9.73% | -0.34% | 14.62% |
| Focused – Industrial Metals | 0.94% | 6.22% | 4.65% | 8.65% | 12.78% | 41.33% |
| Focused – Agriculture | 0.65% | 0.87% | -0.04% | 8.21% | 9.40% | 8.71% |
| Multi-Sector – Broad Market | -0.58% | 5.33% | -2.92% | 18.74% | 27.64% | 37.54% |
| Focused – Energy | -7.01% | 4.86% | -10.74% | 38.51% | 54.09% | 45.74% |
Top & Bottom 5 ETFs by Weekly Performance
Individual fund performance was led by the Teucrium Sugar Fund (CANE), which surged 10.71% for the week. The rally in precious metals was evident among the top performers, with abrdn Physical Silver Shares ETF (SIVR) and iShares Silver Trust (SLV) both gaining over 9.8%. Conversely, energy-focused funds dominated the bottom performers list, with the Invesco DB Oil Fund (DBO) dropping 9.01%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CANE | Teucrium Sugar Fund | 10.71% |
| SIVR | abrdn Physical Silver Shares ETF | 9.83% |
| SLV | iShares Silver Trust | 9.82% |
| YSAG | Texas Precious Metals Trust Y'all Street Physical Silver ETF | 9.46% |
| GLTR | abrdn Physical Precious Metals Basket Shares ETF | 7.96% |
| Bottom Performers | ||
| DBO | Invesco DB Oil Fund | -9.01% |
| USO | United States Oil Fund LP | -8.66% |
| BNO | United States Brent Oil Fund LP | -6.85% |
| DBE | Invesco DB Energy Fund | -5.79% |
| UGA | United States Gasoline Fund LP | -5.34% |
Analyzing the Weekly Flows
Investor sentiment was decidedly positive for commodities this week, resulting in over $2.0 billion in net inflows across the channel. The vast majority of these new assets were directed towards Focused – Precious Metals funds, which collected nearly $1.7 billion. Multi-Sector – Broad Market funds also saw healthy demand, adding $439 million. In contrast, Focused – Energy products experienced the largest withdrawals, shedding $73 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Focused – Precious Metals | 18 | $288.49B | $1,685M | $2,722M | -$4,481M | -$10,786M | $19,313M |
| Multi-Sector – Broad Market | 28 | $26.04B | $439M | $1,835M | $2,168M | $5,311M | $6,433M |
| Focused – Industrial Metals | 4 | $1.17B | $6M | -$15M | $4M | $378M | $593M |
| Specialty – Shipping Freight | 2 | $72M | $3M | $5M | -$31M | -$34M | -$55M |
| Specialty – Carbon Credits | 3 | $247M | -$11M | -$12M | -$26M | -$45M | -$57M |
| Focused – Agriculture | 8 | $2.14B | -$13M | -$66M | -$435M | $1,053M | $1,058M |
| Focused – Energy | 12 | $3.41B | -$73M | -$480M | -$189M | $313M | $417M |
Top & Bottom 5 ETFs by 5-Day Flow
The SPDR Gold Shares (GLD) was the standout asset gatherer, single-handedly attracting an impressive $1.44 billion in new capital. Interestingly, while investors flocked to GLD, its primary competitor, the iShares Gold Trust (IAU), led redemptions with $478 million in outflows. The United States Oil Fund LP (USO) also saw significant withdrawals, shedding $150 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLD | SPDR Gold Shares | $1,440M |
| IAUM | iShares Gold Trust Micro ETF of Benef Interest | $294M |
| GLDM | SPDR Gold Minishares Trust of beneficial interest | $278M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $156M |
| HGER | Harbor Commodity All-Weather Strategy ETF | $118M |
| Outflows | ||
| IAU | iShares Gold Trust | -$478M |
| USO | United States Oil Fund LP | -$150M |
| SIVR | abrdn Physical Silver Shares ETF | -$29M |
| KRBN | KraneShares Global Carbon Strategy ETF | -$10M |
| CANE | Teucrium Sugar Fund | -$7M |
Issuer League Table Update
The issuer landscape remains dominated by SPDR and iShares, which command 51.92% and 31.53% of the channel’s assets, respectively. SPDR also led the week in asset gathering, bringing in over $1.7 billion in net new money, largely driven by its flagship gold fund. On the other side of the ledger, US Commodity Funds experienced the largest net redemptions among issuers, with outflows totaling $102 million for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $166.97B | 51.92% |
| iShares | 7 | $101.41B | 31.53% |
| aberdeen | 7 | $19.79B | 6.15% |
| Invesco | 9 | $10.48B | 3.26% |
| US Commodity Funds | 8 | $3.99B | 1.24% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $1,724M |
| Invesco | $202M |
| aberdeen | $122M |
| Outflows | |
| US Commodity Funds | -$102M |
| iShares | -$84M |
| Teucrium | -$12M |
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.
