Weekly Channel Summary
The Commodity ETF channel, comprised of 70 ETFs across 28 issuers, currently manages $328B in assets. The channel attracted significant capital this week, bringing in $1.89B in net inflows, which pushed the year-to-date inflows total to $53.14B.
This Week’s Performance Leaders and Laggards
Industrial Metals and Precious Metals were the standout categories this week, posting returns of 3.14% and 2.46% respectively. On the downside, Shipping Freight lagged significantly with a -6.42% decline, followed by Agriculture which fell -1.24%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Industrial Metals | 3.14% | 8.29% | 17.00% | 20.33% | 31.44% | 31.54% |
| Precious Metals | 2.46% | 12.50% | 29.64% | 41.18% | 83.41% | 83.13% |
| Carbon Credits | 1.16% | 6.85% | 9.38% | – | – | – |
| Multi-Sector | -0.12% | 0.26% | 4.00% | 3.08% | 13.02% | 15.30% |
| Energy | -0.96% | -5.38% | -6.44% | -15.14% | -11.36% | -7.68% |
| Agriculture | -1.24% | -0.39% | -2.62% | -4.25% | -3.04% | -1.77% |
| Shipping Freight | -6.42% | 10.62% | 61.69% | 109.66% | 141.29% | 135.88% |
Top & Bottom 5 ETFs by Weekly Performance
The PPLT (abrdn Physical Platinum Shares ETF) took the top spot this week with a strong return of 10.25%. Conversely, the BWET (Breakwave Tanker Shipping ETF) and the UNG (United States Natural Gas Fund LP) struggled the most, dropping -6.42% and -4.77% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PPLT | abrdn Physical Platinum Shares ETF | 10.25% |
| PLTM | GraniteShares Platinum Trust | 10.25% |
| PALL | abrdn Physical Palladium Shares ETF | 9.56% |
| UX | Roundhill Uranium ETF | 7.07% |
| TMET | iShares Transition-Enabling Metals ETF | 4.88% |
| Bottom Performers | ||
| BWET | Breakwave Tanker Shipping ETF | -6.42% |
| UNG | United States Natural Gas Fund LP | -4.77% |
| UNL | United States 12 Month Natural Gas Fund LP | -3.68% |
| UGA | United States Gasoline Fund LP | -2.39% |
| DBE | Invesco DB Energy Fund | -2.04% |
Analyzing the Weekly Flows
The channel saw a total of $1.89B in net inflows this week. Precious Metals dominated investor interest, gathering $1.62B, while Agriculture was the notable outlier on the negative side, shedding $20M in assets.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Precious Metals | 16 | $307.55B | $1,623M | $6,509M | $17,102M | $50,532M | $51,733M |
| Multi-Sector | 25 | $16.72B | $144M | $309M | $892M | $2,694M | $2,650M |
| Energy | 11 | $2.02B | $116M | $119M | $70M | ($269M) | ($506M) |
| Industrial Metals | 4 | $0.59B | $22M | $66M | $155M | $227M | $216M |
| Carbon Credits | 4 | $0.31B | $2M | $3M | ($21M) | ($39M) | ($44M) |
| Shipping Freight | 2 | $0.04B | $1M | ($4M) | ($14M) | ($23M) | ($22M) |
| Agriculture | 8 | $1.03B | ($20M) | ($30M) | ($34M) | $20M | $26M |
Top & Bottom 5 ETFs by 5-Day Flow
The GLDM (SPDR Gold Minishares Trust) led all funds with \$524M in fresh capital. On the other side, the GLD (SPDR Gold Shares) and the SLV (iShares Silver Trust) experienced the heaviest outflows, losing \$81M and \$72M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLDM | SPDR Gold Minishares Trust | $524M |
| IAU | iShares Gold Trust | $474M |
| SIVR | abrdn Physical Silver Shares ETF | $323M |
| IAUM | iShares Gold Trust Micro ETF | $259M |
| UNG | United States Natural Gas Fund LP | $111M |
| Outflows | ||
| GLD | SPDR Gold Shares | ($81M) |
| SLV | iShares Silver Trust | ($72M) |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | ($61M) |
| SOYB | Teucrium Soybean Fund | ($16M) |
| SDCI | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | ($5M) |
Issuer League Table Update
SPDR and iShares remain the dominant forces in the space, controlling 52.70% and 33.79% of the market share respectively. iShares led all issuers in asset gathering this week, pulling in a net $754M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $172.98B | 52.70% |
| iShares | 7 | $110.93B | 33.79% |
| aberdeen | 7 | $21.10B | 6.43% |
| Invesco | 9 | $7.35B | 2.24% |
| VanEck | 3 | $2.55B | 0.78% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $754M |
| aberdeen | $477M |
| SPDR | $449M |
| Outflows | |
| First Trust | -$61M |
| Teucrium | -$17M |
| USCF Advisers | -$5M |
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. The information contained herein may not be comprehensive and is subject to change without notice. ETF Action does not guarantee the accuracy or completeness of the data presented.
This analysis was developed by the team at ETF Action.
