Weekly Channel Summary
As of March 27, 2026, the Commodity ETF channel encompasses a total of 71 ETFs managed by 28 distinct issuers, representing a combined Assets Under Management (AUM) of $344.44 billion. The channel experienced net outflows over the past week, with 5-day flows coming in at -$801 million. This recent capital contraction brings the year-to-date (YTD) flow metric further into negative territory, currently sitting at -$730 million.
This Week’s Performance Leaders and Laggards
Performance across the commodity subgroups was highly polarized this week. The Shipping Freight category led the market with a remarkable week-to-date (WTD) return of 15.31%, propelled by persistent momentum that has generated a staggering 257.93% YTD gain. Conversely, Precious Metals significantly lagged the broader complex, declining -2.75% on the week, which erased its 1-month returns and dragged its YTD performance down to a near-flat 0.07%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 15.31% | 41.69% | 238.92% | 345.28% | 257.93% | 499.33% |
| Carbon Credits | 3.30% | -0.94% | -16.05% | -9.19% | -15.73% | -1.05% |
| Industrial Metals | 1.74% | -6.74% | -0.10% | 20.14% | 0.57% | 21.89% |
| Agriculture | 0.78% | 5.36% | 7.51% | 6.50% | 9.03% | 1.61% |
| Multi-Sector | 0.15% | 9.96% | 20.48% | 25.77% | 22.43% | 31.67% |
| Energy | -0.54% | 31.04% | 47.09% | 32.55% | 46.43% | 32.57% |
| Precious Metals | -2.75% | -17.19% | -4.97% | 23.65% | 0.07% | 59.82% |
Top & Bottom 5 ETFs by Weekly Performance
On an individual fund basis, the BWET (Breakwave Tanker Shipping ETF) was the undisputed leader, delivering a staggering 31.71% return in just five days. On the negative side, platinum-focused products suffered the most severe drawdowns; both the PLTM (GraniteShares Platinum Trust) and the PPLT (abrdn Physical Platinum Shares ETF) posted matching declines of -6.53% for the week.
| Top 5 Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| BWET | Breakwave Tanker Shipping ETF | 31.71% |
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust ETF | 5.51% |
| KRBN | KraneShares Global Carbon Strategy ETF | 3.64% |
| UX | Roundhill Uranium ETF | 2.72% |
| CPER | United States Copper Index Fund | 2.24% |
| Bottom 5 Performers | ||
| PLTM | GraniteShares Platinum Trust | -6.53% |
| PPLT | abrdn Physical Platinum Shares ETF | -6.53% |
| SIVR | abrdn Physical Silver Shares ETF | -6.33% |
| SLV | iShares Silver Trust | -6.33% |
| PALL | abrdn Physical Palladium Shares ETF | -3.29% |
Analyzing the Weekly Flows
Overall, the Commodity channel experienced a net reduction of -$801 million over the past five trading days. This was driven almost entirely by the Precious Metals category, which witnessed massive outflows totaling -$1.38 billion. On the positive side of the ledger, the Energy category attracted the most net new capital, taking in $367 million for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Energy | 11 | $4.67B | $367M | $1,370M | $1,239M | $1,334M | $1,607M |
| Agriculture | 8 | $1.93B | $265M | $786M | $831M | $829M | $793M |
| Multi-Sector | 27 | $23.25B | $43M | $809M | $2,488M | $2,419M | $3,908M |
| Shipping Freight | 2 | $0.08B | $7M | $5M | $12M | $13M | -$37M |
| Carbon Credits | 3 | $0.24B | -$3M | -$3M | -$20M | -$18M | -$42M |
| Industrial Metals | 4 | $1.01B | -$99M | -$74M | $440M | $390M | $658M |
| Precious Metals | 16 | $313.26B | -$1,380M | -$15,369M | -$5,540M | -$5,698M | $36,620M |
Top & Bottom 5 ETFs by 5-Day Flow
Drilling down to the individual ETF level, despite precious metals suffering broad outflows, the SLV (iShares Silver Trust) managed to buck the trend, pulling in an impressive $371 million to lead all commodity ETFs. Conversely, the largest outflows were concentrated in gold funds, heavily penalizing the GLD (SPDR Gold Shares) and the IAU (iShares Gold Trust), which shed -$1.08 billion and -$387 million respectively.
| Top 5 Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| SLV | iShares Silver Trust | $371M |
| USO | United States Oil Fund LP | $246M |
| GLDM | SPDR Gold Minishares Trust | $115M |
| BNO | United States Brent Oil Fund LP | $115M |
| DBA | Invesco DB Agriculture Fund | $113M |
| Top 5 Outflows | ||
| GLD | SPDR Gold Shares | -$1,077M |
| IAU | iShares Gold Trust | -$387M |
| SGOL | abrdn Physical Gold Shares ETF | -$87M |
| SIVR | abrdn Physical Silver Shares ETF | -$72M |
| PPLT | abrdn Physical Platinum Shares ETF | -$70M |
Issuer League Table Update
In the commodity space, market share remains highly concentrated among the top two issuers: SPDR commands a staggering 52.22% of the channel’s AUM, followed by iShares with 32.16%. In terms of asset gathering this week, US Commodity Funds led all issuers, collecting $311 million across their suite.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $179.88B | 52.22% |
| iShares | 7 | $110.76B | 32.16% |
| aberdeen | 7 | $20.91B | 6.07% |
| Invesco | 9 | $10.31B | 2.99% |
| US Commodity Funds | 8 | $5.03B | 1.46% |
Top & Bottom 3 Issuers by 5-Day Flow
| Top 3 Inflows | |
| Brand | 5-Day Flow |
|---|---|
| US Commodity Funds | $311M |
| Teucrium | $130M |
| Invesco | $45M |
| Top 3 Outflows | |
| SPDR | -$955M |
| aberdeen | -$313M |
| GraniteShares | -$36M |
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.
