Weekly Channel Summary
The Commodities channel, encompassing 76 ETFs from 31 issuers, currently holds $349.5B in total assets. Investors added a net $237M to the space over the past week. This recent activity contributes to a year-to-date net inflow of $6.44B and a one-year total of $31.4B.
This Week’s Performance Leaders and Laggards
Commodities performance was led by a significant surge in the Specialty – Shipping Freight category, which gained 37.14% for the week and is now up over 3,159% year-to-date. Focused – Energy funds also posted strong results, rising 6.80% on average. At the other end of the spectrum, Focused – Precious Metals was the weakest category with a weekly decline of 2.09%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Specialty – Shipping Freight | 37.14% | 100.45% | 244.38% | 773.54% | 3159.53% | 4409.55% |
| Focused – Energy | 6.80% | 17.27% | 16.67% | 32.00% | 98.20% | 88.50% |
| Multi-Sector – Broad Market | 2.74% | 8.67% | 14.49% | 15.64% | 43.29% | 50.17% |
| Focused – Agriculture | 0.03% | 6.46% | 12.18% | 9.71% | 16.32% | 12.27% |
| Specialty – Carbon Credits | -1.15% | -0.28% | 4.95% | 15.69% | -0.96% | 5.17% |
| Focused – Industrial Metals | -1.74% | -2.06% | 0.29% | 6.42% | 11.48% | 33.84% |
| Focused – Precious Metals | -2.09% | -0.55% | 2.31% | -17.39% | -0.78% | 23.48% |
Top & Bottom 5 ETFs by Weekly Performance
The Breakwave Tanker Shipping ETF (BWET) was the standout performer, rocketing up 43.90% for the week. Energy funds dominated the rest of the top performers list, with the United States Brent Oil Fund LP (BNO) and the Invesco DB Oil Fund (DBO) both gaining over 9%. On the downside, the abrdn Physical Palladium Shares ETF (PALL) was the worst performer, falling 6.68%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 43.90% |
| BNO | United States Brent Oil Fund LP | 9.37% |
| DBO | Invesco DB Oil Fund | 9.13% |
| USO | United States Oil Fund LP | 9.12% |
| DBE | Invesco DB Energy Fund | 7.49% |
| Bottom Performers | ||
| PALL | abrdn Physical Palladium Shares ETF | -6.68% |
| UNG | United States Natural Gas Fund LP | -3.69% |
| BDRY | Breakwave Dry Bulk Shipping ETF | -3.32% |
| UX | Roundhill Uranium ETF | -2.95% |
| SLV | iShares Silver Trust | -2.84% |
Analyzing the Weekly Flows
The Commodities channel attracted a net $237M in new assets this week, continuing its positive year-to-date trend. Multi-Sector – Broad Market funds led the way, pulling in $165M, closely followed by Focused – Energy funds which gathered $147M. In contrast, Focused – Precious Metals was the only category to experience net redemptions, with investors withdrawing $182M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Multi-Sector – Broad Market | 29 | $31.50B | $165M | $1,209M | $3,128M | $6,757M | $7,841M |
| Focused – Energy | 12 | $4.24B | $147M | -$568M | -$509M | $81M | $1M |
| Specialty – Shipping Freight | 2 | $270M | $75M | $116M | $108M | $79M | $56M |
| Focused – Agriculture | 8 | $2.51B | $19M | $217M | -$92M | $1,256M | $1,237M |
| Focused – Industrial Metals | 4 | $1.13B | $7M | -$29M | -$90M | $358M | $584M |
| Specialty – Carbon Credits | 3 | $262M | $5M | $11M | -$13M | -$34M | -$60M |
| Focused – Precious Metals | 18 | $309.62B | -$182M | $7,603M | $7,806M | -$2,054M | $21,758M |
Top & Bottom 5 ETFs by 5-Day Flow
Flows at the fund level were dominated by a few key products, with the United States Oil Fund LP (USO) attracting the most new capital at $232M. However, this was more than offset by significant redemptions from the largest fund in the channel, the SPDR Gold Shares (GLD), which saw outflows of $603M. The United States Brent Oil Fund LP (BNO) also experienced notable withdrawals, shedding $97M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| USO | United States Oil Fund LP | $232M |
| GLDM | SPDR Gold Minishares Trust of beneficial interest | $218M |
| IAU | iShares Gold Trust | $108M |
| IAUM | iShares Gold Trust Micro ETF of Benef Interest | $77M |
| BWET | Breakwave Tanker Shipping ETF | $74M |
| Outflows | ||
| GLD | SPDR Gold Shares | -$603M |
| BNO | United States Brent Oil Fund LP | -$97M |
| SLV | iShares Silver Trust | -$48M |
| DBO | Invesco DB Oil Fund | -$11M |
| GSG | iShares S&P GSCI Commodity Indexed Trust | -$7M |
Issuer League Table Update
SPDR and iShares continue to dominate the Commodities channel, commanding 51.53% and 30.96% of the market share, respectively. In terms of weekly flows, US Commodity Funds led all issuers by bringing in $162M in net new assets. Conversely, SPDR experienced the largest net outflows for the week, with investors pulling a total of $375M from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $180.10B | 51.53% |
| iShares | 7 | $108.22B | 30.96% |
| aberdeen | 7 | $21.62B | 6.18% |
| Invesco | 9 | $12.75B | 3.65% |
| US Commodity Funds | 8 | $4.72B | 1.35% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| US Commodity Funds | $162M |
| iShares | $150M |
| Amplify | $75M |
| Outflows | |
| SPDR | -$375M |
| ProShares | -$6M |
| Direxion | -$2M |
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.
