Weekly Channel Summary
The Commodities channel, comprising 75 ETFs from 29 issuers, holds $311.37 billion in total assets. This week, the channel attracted significant net inflows of $2.81 billion, a positive shift that contrasts with its year-to-date outflows of $5.39 billion. Over the past year, however, commodities have gathered a substantial $27.15 billion in new assets from investors.
This Week’s Performance Leaders and Laggards
Focused – Energy was the standout performer this week, surging 8.03% and bringing its year-to-date return to an impressive 79.59%. Multi-Sector Broad Market funds also posted solid gains of 2.83%, while Precious Metals funds saw a more modest weekly gain of 1.25%. Despite the weekly uptick, the Precious Metals category remains down 7.76% for the year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Focused – Energy | 8.03% | 23.38% | 3.26% | 67.08% | 79.59% | 64.43% |
| Multi-Sector – Broad Market | 2.83% | 12.09% | 0.73% | 20.58% | 30.77% | 37.32% |
| Specialty – Shipping Freight | 2.61% | 26.55% | 45.40% | 372.40% | 630.25% | 1160.57% |
| Focused – Agriculture | 1.36% | 7.63% | 3.83% | 11.01% | 12.19% | 10.56% |
| Focused – Precious Metals | 1.25% | 1.64% | -15.33% | -21.97% | -7.76% | 23.22% |
| Focused – Industrial Metals | 0.98% | 4.95% | 1.55% | 3.38% | 8.80% | 13.91% |
| Specialty – Carbon Credits | 0.00% | -0.11% | 10.09% | 0.53% | -2.75% | 12.86% |
Top & Bottom 5 ETFs by Weekly Performance
Energy-focused funds dominated the top performers list, led by the Invesco DB Oil Fund (DBO) which climbed 10.45%. The United States Oil Fund LP (USO) was a close second with a 10.27% gain for the week. At the other end of the spectrum, the KraneShares California Carbon Allowance Strategy ETF (KCCA) was the worst performer, declining by 2.86%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DBO | Invesco DB Oil Fund | 10.45% |
| USO | United States Oil Fund LP | 10.27% |
| USE | USCF Energy Commodity Strategy Absolute Return Fund | 8.22% |
| BNO | United States Brent Oil Fund LP | 7.97% |
| DBE | Invesco DB Energy Fund | 6.30% |
| Bottom Performers | ||
| KCCA | KraneShares California Carbon Allowance Strategy ETF | -2.86% |
| MWHS | Skylar Electricity Futures ETF | -1.46% |
| BDRY | Breakwave Dry Bulk Shipping ETF | -0.71% |
| PALL | abrdn Physical Palladium Shares ETF | -0.62% |
| PPLT | abrdn Physical Platinum Shares ETF | -0.48% |
Analyzing the Weekly Flows
Commodity ETFs saw a strong influx of $2.81 billion this week, reversing recent negative trends. The inflows were heavily concentrated in Focused – Precious Metals, which attracted over $1.5 billion, and Multi-Sector – Broad Market funds, which brought in nearly $1.45 billion. Interestingly, despite being the top-performing category, Focused – Energy funds experienced the largest outflows, shedding $110 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Focused – Precious Metals | 18 | $276.19B | $1,506M | -$1,294M | -$7,744M | -$12,393M | $18,662M |
| Multi-Sector – Broad Market | 28 | $27.06B | $1,449M | $1,169M | $2,279M | $4,962M | $6,184M |
| Specialty – Shipping Freight | 2 | $59M | $1M | -$7M | -$22M | -$36M | -$60M |
| Specialty – Carbon Credits | 3 | $264M | -$1M | -$8M | -$12M | -$34M | -$46M |
| Focused – Agriculture | 8 | $2.27B | -$15M | -$64M | $112M | $1,111M | $1,112M |
| Focused – Industrial Metals | 4 | $1.12B | -$21M | -$56M | $20M | $383M | $640M |
| Focused – Energy | 12 | $4.41B | -$110M | -$9M | $246M | $617M | $655M |
Top & Bottom 5 ETFs by 5-Day Flow
The week’s inflows were spearheaded by the SPDR Gold Shares (GLD), which single-handedly collected a massive $1.33 billion. On the other hand, the United States Oil Fund LP (USO) saw the largest redemption, with investors pulling $118 million. The iShares Silver Trust (SLV) also experienced notable outflows of $30 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLD | SPDR Gold Shares | $1,331M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $695M |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | $477M |
| HGER | Harbor Commodity All-Weather Strategy ETF | $167M |
| IAU | iShares Gold Trust | $114M |
| Outflows | ||
| USO | United States Oil Fund LP | -$118M |
| SLV | iShares Silver Trust | -$30M |
| BAR | GraniteShares Gold Shares | -$24M |
| CPER | United States Copper Index Fund | -$20M |
| DBC | Invesco DB Commodity Index Tracking Fund | -$8M |
Issuer League Table Update
SPDR and iShares continue to dominate the commodities space, commanding 51.30% and 31.34% of the market share, respectively. Driven by its flagship gold fund, SPDR also led the week in asset gathering with $1.39 billion in net inflows. In contrast, US Commodity Funds faced the most significant redemptions, with outflows totaling $124 million for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $159.72B | 51.30% |
| iShares | 7 | $97.58B | 31.34% |
| aberdeen | 7 | $19.08B | 6.13% |
| Invesco | 9 | $10.92B | 3.51% |
| US Commodity Funds | 8 | $4.90B | 1.57% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $1,387M |
| Invesco | $680M |
| aberdeen | $524M |
| Outflows | |
| US Commodity Funds | -$124M |
| Teucrium | -$15M |
| GraniteShares | -$6M |
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.
