Weekly Channel Summary
The Commodities channel, encompassing 75 ETFs from 30 issuers, closed the week with total assets under management of $358.43 billion. Investors added a net $890 million to the channel over the past five days. This brings year-to-date net inflows to $3.77 billion and one-year inflows to a substantial $33.14 billion.
This Week’s Performance Leaders and Laggards
Focused Agriculture funds led performance this week, gaining 4.22% and extending their year-to-date return to 18.59%. On the other end of the spectrum, Specialty Shipping Freight was the worst-performing category, dropping 6.21% for the week. Other notable decliners included Precious Metals (-3.50%) and Energy (-2.50%), though the Energy category remains the top performer year-to-date with a 68.47% gain.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Focused – Agriculture | 4.22% | 7.04% | 8.44% | 14.31% | 18.59% | 13.89% |
| Specialty – Carbon Credits | 1.00% | 3.59% | 5.45% | 16.50% | 0.26% | 12.51% |
| Focused – Industrial Metals | -0.66% | 3.64% | 0.19% | 6.49% | 12.54% | 39.39% |
| Multi-Sector – Broad Market | -0.74% | 7.91% | 4.88% | 21.18% | 36.01% | 43.90% |
| Focused – Energy | -2.50% | 7.62% | -1.50% | 44.37% | 68.47% | 56.43% |
| Focused – Precious Metals | -3.50% | 11.40% | -2.33% | -17.21% | 1.83% | 34.71% |
| Specialty – Shipping Freight | -6.21% | 68.20% | 130.06% | 524.26% | 1716.76% | 2654.75% |
Top & Bottom 5 ETFs by Weekly Performance
The Skylar Electricity Futures ETF (MWHS) was the week’s top individual performer, surging 10.20%, closely followed by the Teucrium Wheat Fund (WEAT) which rose 10.19%. Conversely, the Breakwave Tanker Shipping ETF (BWET) posted the largest loss, falling 8.97%. Several silver funds also struggled, with the iShares Silver Trust (SLV) declining by 4.30%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| MWHS | Skylar Electricity Futures ETF | 10.20% |
| WEAT | Teucrium Wheat Fund | 10.19% |
| PALL | abrdn Physical Palladium Shares ETF | 5.48% |
| BDRY | Breakwave Dry Bulk Shipping ETF | 5.22% |
| CORN | Teucrium Corn Fund | 4.94% |
| Bottom Performers | ||
| BWET | Breakwave Tanker Shipping ETF | -8.97% |
| YSAG | Texas Precious Metals Trust Y'all Street Physical Silver ETF | -4.43% |
| BNO | United States Brent Oil Fund LP | -4.31% |
| SLV | iShares Silver Trust | -4.30% |
| SIVR | abrdn Physical Silver Shares ETF | -4.20% |
Analyzing the Weekly Flows
The Commodities channel attracted $890 million in net inflows, driven almost entirely by the Focused Precious Metals category. Despite poor weekly performance, Precious Metals funds pulled in $977 million, continuing a strong 30-day trend. The largest outflows came from the Focused Energy category, which saw investors withdraw $298 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Focused – Precious Metals | 18 | $321.85B | $977M | $8,476M | $2,181M | -$3,973M | $24,272M |
| Multi-Sector – Broad Market | 28 | $28.94B | $198M | $1,062M | $2,383M | $6,087M | $7,135M |
| Focused – Agriculture | 8 | $2.32B | $43M | $15M | -$507M | $1,101M | $1,087M |
| Specialty – Carbon Credits | 3 | $257M | $5M | -$5M | -$18M | -$39M | -$69M |
| Focused – Industrial Metals | 4 | $1.15B | $2M | -$23M | -$89M | $370M | $604M |
| Specialty – Shipping Freight | 2 | $170M | -$37M | $59M | $43M | $23M | $8M |
| Focused – Energy | 12 | $3.75B | -$298M | -$439M | -$216M | $205M | $105M |
Top & Bottom 5 ETFs by 5-Day Flow
A significant rotation occurred within gold ETFs, defining the week’s fund-level flows. The SPDR Gold Minishares Trust (GLDM) was the top asset gatherer, attracting $860 million. On the other side of the ledger, the SPDR Gold Shares (GLD) experienced the largest redemption, shedding $717 million. The United States Oil Fund LP (USO) also saw significant outflows of $229 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLDM | SPDR Gold Minishares Trust of beneficial interest | $860M |
| IAU | iShares Gold Trust | $325M |
| IAUM | iShares Gold Trust Micro ETF of Benef Interest | $205M |
| SLV | iShares Silver Trust | $145M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $101M |
| Outflows | ||
| GLD | SPDR Gold Shares | -$717M |
| USO | United States Oil Fund LP | -$229M |
| BNO | United States Brent Oil Fund LP | -$81M |
| DBC | Invesco DB Commodity Index Tracking Fund | -$57M |
| BWET | Breakwave Tanker Shipping ETF | -$37M |
Issuer League Table Update
The issuer landscape remains concentrated, with SPDR and iShares controlling a combined 83.5% of the channel’s assets. iShares led all issuers in asset gathering this week, securing $681 million in net inflows. In contrast, US Commodity Funds experienced the largest net redemptions, with outflows totaling $281 million for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $186.78B | 52.11% |
| iShares | 7 | $112.57B | 31.41% |
| aberdeen | 7 | $22.00B | 6.14% |
| Invesco | 9 | $11.53B | 3.22% |
| Harbor | 2 | $4.31B | 1.20% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $681M |
| SPDR | $154M |
| aberdeen | $127M |
| Outflows | |
| US Commodity Funds | -$281M |
| Amplify | -$37M |
| Simplify | -$20M |
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.
