Weekly Channel Summary
The Commodities channel, comprising 76 ETFs from 31 issuers, holds a total of $347.7B in assets under management. This week, the channel attracted significant net inflows of $2.4B, contributing to a year-to-date total of $6.2B. Over the past year, investors have allocated nearly $32.0B in new capital to commodity-focused funds.
This Week’s Performance Leaders and Laggards
Specialty – Shipping Freight was the standout performer this week, surging 15.40% and bringing its remarkable year-to-date gain to over 1885%. Focused – Energy also had a strong week, rising 7.51% on the back of higher oil prices. In contrast, Focused – Agriculture was the weakest category with a weekly decline of 1.43%, while Precious Metals posted a modest loss of 0.49%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Specialty – Shipping Freight | 15.40% | 78.58% | 111.84% | 492.45% | 1885.69% | 2716.84% |
| Focused – Energy | 7.51% | 19.71% | 2.90% | 40.15% | 80.57% | 69.08% |
| Multi-Sector – Broad Market | 2.38% | 11.49% | 7.45% | 19.95% | 39.32% | 46.50% |
| Focused – Industrial Metals | 0.83% | 0.41% | -0.34% | 9.13% | 13.46% | 39.55% |
| Specialty – Carbon Credits | 0.01% | 1.65% | 4.53% | 16.39% | 0.26% | 11.48% |
| Focused – Precious Metals | -0.49% | 8.96% | -2.22% | -14.57% | 1.37% | 29.07% |
| Focused – Agriculture | -1.43% | 6.44% | 10.60% | 12.88% | 16.46% | 12.96% |
Top & Bottom 5 ETFs by Weekly Performance
The Breakwave Tanker Shipping ETF (BWET) led all individual funds with an impressive 18.48% weekly gain. Following closely were several energy products, including the United States Oil Fund LP (USO), which climbed 9.45%. On the downside, the Teucrium Wheat Fund (WEAT) was the worst performer, falling 5.39% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 18.48% |
| USO | United States Oil Fund LP | 9.45% |
| BNO | United States Brent Oil Fund LP | 8.99% |
| DBO | Invesco DB Oil Fund | 8.09% |
| DBE | Invesco DB Energy Fund | 7.29% |
| Bottom Performers | ||
| WEAT | Teucrium Wheat Fund | -5.39% |
| MWHS | Skylar Electricity Futures ETF | -3.49% |
| UX | Roundhill Uranium ETF | -1.95% |
| PALL | abrdn Physical Palladium Shares ETF | -1.86% |
| YSAU | Texas Precious Metals Trust Y'all Street Physical Gold ETF | -1.34% |
Analyzing the Weekly Flows
Investors poured a net $2.4B into the Commodities channel this week, with flows heavily concentrated in one area. The Focused – Precious Metals category was the primary beneficiary, attracting over $2.1B in new assets. Multi-Sector – Broad Market funds also saw healthy demand, pulling in $476M. Conversely, the Focused – Energy category saw the largest redemptions of the week, with investors withdrawing $270M despite the category’s strong performance.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Focused – Precious Metals | 18 | $309.73B | $2,101M | $10,109M | $6,026M | -$1,872M | $22,676M |
| Multi-Sector – Broad Market | 29 | $30.22B | $476M | $1,613M | $2,912M | $6,563M | $7,680M |
| Focused – Agriculture | 8 | $2.49B | $136M | $182M | -$296M | $1,238M | $1,222M |
| Specialty – Carbon Credits | 3 | $258M | $0M | $6M | -$18M | -$39M | -$64M |
| Focused – Industrial Metals | 4 | $1.13B | -$19M | -$24M | -$121M | $351M | $583M |
| Specialty – Shipping Freight | 2 | $139M | -$30M | $23M | $15M | -$8M | -$35M |
| Focused – Energy | 12 | $3.68B | -$270M | -$429M | -$564M | -$66M | -$105M |
Top & Bottom 5 ETFs by 5-Day Flow
The SPDR Gold Shares (GLD) dominated inflows, collecting a massive $1.4B in new capital. Its counterpart, the SPDR Gold Minishares Trust (GLDM), also saw significant interest, adding $590M. Meanwhile, the United States Oil Fund LP (USO) experienced the largest outflow at $280M. Despite its leading performance, the Breakwave Tanker Shipping ETF (BWET) saw outflows of $32M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLD | SPDR Gold Shares | $1,378M |
| GLDM | SPDR Gold Minishares Trust of beneficial interest | $590M |
| DBA | Invesco DB Agriculture Fund | $142M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $114M |
| HGER | Harbor Commodity All-Weather Strategy ETF | $114M |
| Outflows | ||
| USO | United States Oil Fund LP | -$280M |
| BWET | Breakwave Tanker Shipping ETF | -$32M |
| SLV | iShares Silver Trust | -$29M |
| WEAT | Teucrium Wheat Fund | -$26M |
| CORN | Teucrium Corn Fund | -$15M |
Issuer League Table Update
SPDR and iShares remain the dominant forces in the Commodities space, controlling a combined market share of over 82%. SPDR led the week in asset gathering, pulling in nearly $2.0B, driven by its popular gold ETFs. Invesco also had a strong week, securing $287M in net inflows. On the other hand, US Commodity Funds faced the largest redemptions among issuers, with net outflows totaling $267M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $181.32B | 52.16% |
| iShares | 7 | $107.20B | 30.83% |
| aberdeen | 7 | $21.30B | 6.13% |
| Invesco | 9 | $12.12B | 3.48% |
| Harbor | 2 | $4.50B | 1.30% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $1,973M |
| Invesco | $287M |
| Harbor | $114M |
| Outflows | |
| US Commodity Funds | -$267M |
| Teucrium | -$35M |
| Amplify | -$30M |
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.
