Weekly Channel Summary
The Commodity ETF channel currently encompasses 71 ETFs managed by 28 issuers, representing a total Assets Under Management (AUM) of $356.14B. Over the past week, the channel experienced significant net outflows of -$4.44B, bringing Year-to-Date (YTD) flows down to $71M.
This Week’s Performance Leaders and Laggards
Shipping Freight was the standout performance leader this week, posting a 22.77% return, significantly outpacing the next best category, Energy, which returned 2.60%. Precious Metals was the primary laggard, dropping -9.71% for the week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 22.77% | 32.27% | 142.62% | 260.32% | 186.11% | 374.84% |
| Energy | 2.60% | 32.10% | 48.65% | 38.72% | 47.29% | 34.86% |
| Agriculture | 0.54% | 5.59% | 8.55% | 5.65% | 8.19% | -1.38% |
| Multi-Sector | -0.14% | 12.04% | 23.48% | 28.54% | 22.23% | 31.48% |
| Carbon Credits | -0.71% | -6.74% | -17.43% | -13.40% | -18.33% | -4.88% |
| Industrial Metals | -6.07% | -5.33% | 2.90% | 20.34% | -1.14% | 18.82% |
| Precious Metals | -9.71% | -10.03% | 3.82% | 33.85% | 2.83% | 66.19% |
Top & Bottom 5 ETFs by Weekly Performance
The BWET ETF led all individual products with a massive 50.27% weekly gain. Conversely, Silver ETFs SIVR and SLV were the worst performers, both falling -13.54%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 50.27% |
| CANE | Teucrium Sugar Fund | 8.02% |
| BNO | United States Brent Oil Fund LP | 7.99% |
| UGA | United States Gasoline Fund LP | 7.76% |
| DBE | Invesco DB Energy Fund | 6.54% |
| Bottom Performers | ||
| SIVR | abrdn Physical Silver Shares ETF | -13.54% |
| SLV | iShares Silver Trust | -13.54% |
| PALL | abrdn Physical Palladium Shares ETF | -11.05% |
| GLTR | abrdn Physical Precious Metals Basket Shares ETF | -10.87% |
| OUNZ | VanEck Merk Gold ETF | -10.27% |
Analyzing the Weekly Flows
The channel recorded total net outflows of -$4.44B for the week. The Multi-Sector category defied the broader trend, attracting the most capital with $324M in net inflows. In contrast, the Precious Metals category suffered severe outflows totaling -$4,894M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Multi-Sector | 27 | $23.64B | $324M | $931M | $2,577M | $2,376M | $3,936M |
| Agriculture | 8 | $1.62B | $298M | $556M | $561M | $565M | $516M |
| Carbon Credits | 3 | $0.23B | $0M | $0M | -$73M | -$15M | -$39M |
| Shipping Freight | 2 | $0.06B | -$7M | $2M | $5M | $6M | -$44M |
| Industrial Metals | 4 | $1.12B | -$13M | -$11M | $558M | $490M | $757M |
| Energy | 11 | $4.36B | -$147M | $967M | $880M | $967M | $1,314M |
| Precious Metals | 16 | $325.10B | -$4,894M | -$8,685M | -$1,166M | -$4,317M | $40,587M |
Top & Bottom 5 ETFs by 5-Day Flow
The BNO ETF pulled in the most new capital, recording $197M in inflows. On the other end, GLD and IAU experienced the steepest outflows, shedding -$2,259M and -$1,565M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BNO | United States Brent Oil Fund LP | $197M |
| DBA | Invesco DB Agriculture Fund | $149M |
| HGER | Harbor Commodity All-Weather Strategy ETF | $64M |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | $57M |
| CORN | Teucrium Corn Fund | $48M |
| Outflows | ||
| GLD | SPDR Gold Shares | -$2,259M |
| IAU | iShares Gold Trust | -$1,565M |
| SLV | iShares Silver Trust | -$575M |
| USO | United States Oil Fund LP | -$383M |
| GLDM | SPDR Gold Minishares Trust | -$164M |
Issuer League Table Update
SPDR and iShares remain the dominant issuers, commanding 52.41% and 32.14% of the channel’s AUM market share, respectively. Invesco gathered the most assets this week, taking in $289M in net new inflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $186.66B | 52.41% |
| iShares | 7 | $114.45B | 32.14% |
| aberdeen | 7 | $21.88B | 6.15% |
| Invesco | 9 | $10.47B | 2.94% |
| US Commodity Funds | 8 | $4.78B | 1.34% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $289M |
| Teucrium | $102M |
| Harbor | $64M |
| Outflows | |
| SPDR | -$2,411M |
| iShares | -$2,218M |
| US Commodity Funds | -$229M |
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.
