Weekly Channel Summary
As of April 24, 2026, the Commodity ETF channel comprises 71 ETFs across 28 issuers, representing a total of $366.61B in Assets Under Management (AUM). Over the past week, the category experienced net outflows of -$2.88B, bringing the total Year-to-Date (YTD) flows to -$0.27B.
This Week’s Performance Leaders and Laggards
Energy was the standout category this week, posting a 7.30% Week-to-Date (WTD) return, which propelled its YTD performance to 47.39%. Conversely, Precious Metals was the worst-performing segment, dragging down the channel with a -4.32% return for the week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Energy | 7.30% | 2.98% | 37.84% | 40.42% | 47.39% | 46.81% |
| Multi-Sector | 3.67% | 4.50% | 16.17% | 27.15% | 25.33% | 38.14% |
| Agriculture | 2.00% | -1.13% | 6.46% | 6.62% | 6.98% | -0.93% |
| Industrial Metals | -0.21% | 10.33% | 0.94% | 22.47% | 10.05% | 39.70% |
| Carbon Credits | -1.95% | 4.40% | -10.91% | -7.98% | -12.12% | 10.00% |
| Shipping Freight | -3.42% | 26.66% | 183.78% | 374.04% | 326.31% | 608.01% |
| Precious Metals | -4.32% | 6.67% | -12.22% | 21.28% | 6.06% | 62.84% |
Top & Bottom 5 ETFs by Weekly Performance
Driven by the strength in energy, BNO emerged as the single best-performing ETF, returning 15.26% for the week. On the opposite end of the spectrum, Palladium and Platinum funds experienced steep declines, with PALL and PLTM serving as the bottom two performers, losing -6.91% and -6.87%, respectively.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| BNO | United States Brent Oil Fund LP | 15.26% |
| USO | United States Oil Fund LP | 14.36% |
| UGA | United States Gasoline Fund LP | 13.65% |
| DBE | Invesco DB Energy Fund | 12.13% |
| USE | USCF Energy Commodity Strategy Absolute Return Fund | 9.61% |
| Bottom Performers | ||
| Ticker | Fund Name | WTD Performance |
| PALL | abrdn Physical Palladium Shares ETF | -6.91% |
| PLTM | GraniteShares Platinum Trust | -6.87% |
| PPLT | abrdn Physical Platinum Shares ETF | -6.87% |
| SLV | iShares Silver Trust | -5.68% |
| SIVR | abrdn Physical Silver Shares ETF | -5.67% |
Analyzing the Weekly Flows
The commodity ETF universe sustained a total net outflow of -$2,881M. Broad Market Multi-Sector ETFs absorbed the highest net inflows, accumulating $58M for the week. On the other hand, the Focused – Precious Metals category saw the most significant capital flight, experiencing severe outflows totaling -$2,691M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Multi-Sector – Broad Market | 27 | $24.47B | $58M | $271M | $2,039M | $2,683M | $4,380M |
| Focused – Industrial Metals | 4 | $1.09B | $7M | -$28M | $142M | $363M | $652M |
| Specialty – Carbon Credits | 3 | $0.24B | $0M | -$3M | -$15M | -$21M | -$29M |
| Focused – Agriculture | 8 | $2.09B | -$8M | $190M | $1,009M | $999M | $961M |
| Specialty – Shipping Freight | 2 | $0.07B | -$8M | -$22M | -$13M | -$15M | -$69M |
| Focused – Energy | 11 | $3.97B | -$240M | -$625M | $392M | $370M | $526M |
| Focused – Precious Metals | 16 | $334.68B | -$2,691M | $256M | -$8,618M | -$4,649M | $33,282M |
Top & Bottom 5 ETFs by 5-Day Flow
At the individual product level, HGER secured the most assets, netting $50M in inflows. On the outflow side, GLD and SLV shed the most assets, leaking -$2,151M and -$398M respectively in just five days.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| HGER | Harbor Commodity All-Weather Strategy ETF | $50M |
| GSG | iShares S&P GSCI Commodity Indexed Trust | $23M |
| OUNZ | VanEck Merk Gold ETF | $21M |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | $19M |
| UNG | United States Natural Gas Fund LP | $16M |
| Outflows | ||
| Ticker | Fund Name | 5-Day Flow |
| GLD | SPDR Gold Shares | -$2,151M |
| SLV | iShares Silver Trust | -$398M |
| USO | United States Oil Fund LP | -$207M |
| GLDM | SPDR Gold Minishares Trust of beneficial interest | -$76M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | -$63M |
Issuer League Table Update
SPDR and iShares easily maintained their market dominance, respectively accounting for 52.10% and 32.56% of commodity AUM market share. However, assessing the recent flow momentum paints a different picture, as Harbor led all issuers by capturing $50M in net new inflows this week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $191.02B | 52.10% |
| iShares | 7 | $119.38B | 32.56% |
| aberdeen | 7 | $22.33B | 6.09% |
| Invesco | 9 | $10.47B | 2.86% |
| US Commodity Funds | 8 | $4.41B | 1.20% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| Harbor | $50M |
| VanEck | $24M |
| First Trust | $19M |
| Outflows | |
| Brand | 5-Day Flow |
| SPDR | -$2,214M |
| iShares | -$370M |
| US Commodity Funds | -$225M |
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…
This analysis was developed by the team at ETF Action…
