Weekly Channel Summary
The Commodity ETF channel, comprising 71 ETFs from 28 issuers, currently holds a total of $289 billion in Assets Under Management. Over the past week, the channel saw net inflows of $1.15 billion, bringing the year-to-date total net inflows to $41.18 billion.
This Week’s Performance Leaders and Laggards
Shipping Freight and Precious Metals led category performance this week, buoyed by strong returns in specific metal and futures ETFs. In contrast, Energy and Agriculture categories were the primary laggards, posting negative returns across the board.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 13.28% | 19.77% | 47.32% | 55.38% | 66.64% | 7.51% |
| Precious Metals | 3.43% | 12.71% | 21.60% | 39.11% | 56.16% | 51.22% |
| Carbon Credits | -0.11% | 2.84% | 12.77% | 32.94% | 19.29% | 20.50% |
| Multi-Sector | -0.97% | 0.80% | 3.49% | 10.26% | 10.33% | 9.65% |
| Industrial Metals | -1.26% | 6.48% | 2.37% | 16.91% | 18.05% | 10.14% |
| Agriculture | -1.90% | -2.46% | -2.82% | -5.80% | -6.25% | -8.40% |
| Energy | -3.59% | -4.97% | -5.28% | 3.13% | -8.41% | -8.96% |
Top & Bottom 5 ETFs by Weekly Performance
The best-performing ETF this week was the abrdn Physical Palladium Shares ETF (PALL), which gained an impressive 15.10%. On the other end of the spectrum, the United States Natural Gas Fund LP (UNG) was the worst performer with a loss of 6.51%, followed closely by the Roundhill Uranium ETF (UX) which fell 5.23%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PALL | abrdn Physical Palladium Shares ETF | 15.10% |
| BWET | Breakwave Tanker Shipping ETF | 13.28% |
| SLV | iShares Silver Trust | 6.62% |
| SIVR | abrdn Physical Silver Shares ETF | 6.62% |
| GLTR | abrdn Physical Precious Metals Basket Shares ETF | 4.04% |
| Bottom Performers | ||
| USO | United States Oil Fund LP | -3.24% |
| UNL | United States 12 Month Natural Gas Fund LP | -3.73% |
| USE | USCF Energy Commodity Strategy Absolute Return Fund | -3.75% |
| CPER | United States Copper Index Fund | -3.97% |
| UX | Roundhill Uranium ETF | -5.23% |
| UNG | United States Natural Gas Fund LP | -6.51% |
Analyzing the Weekly Flows
The Commodity channel attracted a total of $1.155 billion in net inflows this week. Precious Metals was the dominant category, gathering $980 million in new assets. The only categories with significant outflows were Energy, which saw $79 million exit, and Carbon Credits with $11 million in outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Precious Metals | 17 | $267.96B | $980M | $9,222M | $18,995M | $39,198M | $40,428M |
| Multi-Sector | 25 | $16.69B | $257M | $446M | $830M | $2,241M | $2,057M |
| Industrial Metals | 4 | $0.45B | $12M | $57M | $78M | $121M | $102M |
| Shipping Freight | 2 | $0.04B | $0M | ($13M) | ($49M) | ($14M) | $4M |
| Agriculture | 8 | $1.08B | ($6M) | $15M | $16M | $51M | $82M |
| Carbon Credits | 4 | $0.31B | ($11M) | ($18M) | ($4M) | ($32M) | ($176M) |
| Energy | 11 | $2.02B | ($79M) | ($105M) | $80M | ($390M) | ($1,108M) |
Top & Bottom 5 ETFs by 5-Day Flow
The top ETF for inflows was the SPDR Gold Minishares Trust (GLDM), which collected $391 million. The most significant outflows came from the SPDR Gold Shares (GLD), which saw $251 million exit, and the First Trust Global Tactical Commodity Strategy Fund (FTGC), which had outflows of $123 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLDM | SPDR Gold Minishares Trust | $391M |
| IAU | iShares Gold Trust | $313M |
| HGER | Harbor All-Weather Inflation Focus ETF | $261M |
| SGOL | abrdn Physical Gold Shares ETF | $122M |
| JAUM | iShares Gold Trust Micro ETF | $108M |
| Outflows | ||
| DBO | Invesco DB Oil Fund | ($12M) |
| UGA | United States Gasoline Fund LP | ($25M) |
| UNG | United States Natural Gas Fund LP | ($39M) |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | ($123M) |
| GLD | SPDR Gold Shares | ($251M) |
Issuer League Table Update
The top two issuers by market share remain SPDR (53.57%) and iShares (32.74%). This week, iShares gathered the most assets, with $531 million in net inflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $154.59B | 53.57% |
| iShares | 7 | $94.49B | 32.74% |
| aberdeen | 8 | $17.17B | 5.95% |
| Invesco | 9 | $7.34B | 2.54% |
| VanEck | 3 | $2.30B | 0.80% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $531M |
| aberdeen | $354M |
| Harbor | $261M |
| Outflows | |
| KraneShares | -$11M |
| US Commodity Funds | -$56M |
| First Trust | -$123M |
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 material has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The securities discussed in this material may not be suitable for all investors. ETF Action, Inc. urges investors to consider the investment objectives, risks, and charges and expenses of an investment carefully before investing. This analysis was developed by the team at ETF Action and is based on data from ETF Action and FactSet. This content is not a solicitation to buy or sell any security or engage in a particular investment strategy. The analysis is based on data as of October 10, 2025.
This analysis was developed by the team at ETF Action. The data is provided by ETF Action and FactSet. The content is not a solicitation to buy or sell any security or engage in a particular investment strategy. The analysis is based on data as of October 10, 2025, and is subject to change.
