Weekly Channel Summary
The Commodity ETF channel consists of 71 ETFs managed by 28 issuers, representing a total Assets Under Management (AUM) of $367.49B. The channel experienced positive momentum this week, capturing $843M in 5-day net flows, bringing the Year-to-Date (YTD) net flows to $298M.
This Week’s Performance Leaders and Laggards
Shipping Freight emerged as the top-performing category for the week, surging 9.36%. Conversely, Agriculture was the weakest segment, posting a -1.27% return over the same period.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 9.36% | 35.29% | 321.99% | 438.66% | 302.51% | 589.06% |
| Precious Metals | 3.52% | -15.57% | 1.63% | 24.49% | 3.56% | 63.49% |
| Industrial Metals | 2.19% | -3.34% | 2.39% | 19.61% | 2.79% | 26.77% |
| Multi-Sector | 1.21% | 9.41% | 24.16% | 28.97% | 24.09% | 31.24% |
| Carbon Credits | -0.02% | 0.18% | -17.21% | -11.02% | -15.77% | -0.57% |
| Energy | -0.02% | 25.38% | 47.54% | 40.39% | 47.13% | 30.88% |
| Agriculture | -1.27% | 4.49% | 8.23% | 5.38% | 7.66% | -1.43% |
Top & Bottom 5 ETFs by Weekly Performance
Looking at specific products, the BWET ETF delivered the strongest week-to-date performance across the board at 13.90%. On the other end of the spectrum, Natural Gas funds underperformed significantly, with UNG and UNL trailing as the two worst performers, dropping -7.41% and -6.70% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 13.90% |
| USO | United States Oil Fund LP | 11.28% |
| PALL | abrdn Physical Palladium Shares ETF | 5.47% |
| UX | Roundhill Uranium ETF | 5.43% |
| BDRY | Breakwave Dry Bulk Shipping ETF | 4.82% |
| Bottom Performers | ||
| UNG | United States Natural Gas Fund LP | -7.41% |
| UNL | United States 12 Month Natural Gas Fund LP | -6.70% |
| DBO | Invesco DB Oil Fund | -6.01% |
| CANE | Teucrium Sugar Fund | -4.25% |
| USL | United States 12 Month Oil Fund LP | -2.71% |
Analyzing the Weekly Flows
Over the past five days, the broader commodity channel generated $843M in net inflows. The Multi-Sector category led the charge, attracting an impressive $773M. By contrast, the Energy segment experienced meaningful contraction, shedding -$445M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Multi-Sector | 27 | $24.29B | $773M | $1,459M | $3,149M | $3,168M | $4,469M |
| Agriculture | 8 | $2.21B | $302M | $1,079M | $1,130M | $1,126M | $1,095M |
| Precious Metals | 16 | $335.56B | $226M | -$14,461M | -$4,132M | -$5,037M | $36,787M |
| Shipping Freight | 2 | $0.09B | $13M | $16M | $25M | $25M | -$25M |
| Carbon Credits | 3 | $0.24B | -$3M | -$7M | -$21M | -$21M | -$45M |
| Industrial Metals | 4 | $1.02B | -$23M | -$110M | $366M | $367M | $632M |
| Energy | 11 | $4.07B | -$445M | $661M | $673M | $671M | $1,020M |
Top & Bottom 5 ETFs by 5-Day Flow
Drilling into the individual fund level, IAU amassed the most capital with an impressive $703M in net inflows. At the other extreme, significant redemptions hit USO and SLV, bleeding -$550M and -$303M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IAU | iShares Gold Trust | $703M |
| HGER | Harbor Commodity All-Weather Strategy ETF | $380M |
| COMT | iShares U.S. ETF Trust iShares GSCI Commodity Dynamic Roll Strategy ETF | $164M |
| DBA | Invesco DB Agriculture Fund | $122M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $101M |
| Outflows | ||
| USO | United States Oil Fund LP | -$550M |
| SLV | iShares Silver Trust | -$303M |
| GLD | SPDR Gold Shares | -$230M |
| JAUM | iShares Gold Trust Micro ETF of Benef Interest | -$36M |
| CERY | State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | -$28M |
Issuer League Table Update
SPDR and iShares decisively continue to lead the commodity space, capturing 52.11% and 32.60% of total category AUM, respectively. For the week, iShares was the most successful asset gatherer, pulling in a market-leading $569M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $191.51B | 52.11% |
| iShares | 7 | $119.80B | 32.60% |
| aberdeen | 7 | $22.40B | 6.10% |
| Invesco | 9 | $10.60B | 2.88% |
| US Commodity Funds | 8 | $4.46B | 1.21% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $569M |
| Harbor | $380M |
| Invesco | $272M |
| Outflows | |
| US Commodity Funds | -$491M |
| SPDR | -$159M |
| KraneShares | -$3M |
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.
