Weekly Channel Summary
As of February 6, 2026, the Commodity ETF channel manages a total of $378.19 billion in assets across 71 ETFs and 28 distinct brands. The past week saw significant activity with total net inflows of $2.21 billion, contributing to a substantial Year-to-Date (YTD) flow of $6.38 billion. This growth is heavily concentrated in the Precious Metals space, which accounts for the vast majority of the channel’s total AUM.
This Week’s Performance Leaders and Laggards
Performance was largely negative across the commodity landscape this week. Agriculture was the sole major composite to post a positive return, gaining 0.42%. Conversely, Energy and Precious Metals faced significant headwinds, declining 5.34% and 5.93% respectively, driven largely by sharp drops in Natural Gas and Silver prices.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Agriculture | 0.42% | 0.08% | -0.39% | -0.30% | 0.25% | -10.46% |
| Shipping Freight | -0.05% | 58.06% | 62.69% | 128.19% | 59.75% | 150.34% |
| Multi-Sector | -1.30% | 3.80% | 8.86% | 15.89% | 6.35% | 16.28% |
| Industrial Metals | -1.67% | -3.04% | 17.72% | 31.79% | 3.88% | 34.63% |
| Carbon Credits | -2.38% | -10.58% | -3.42% | 7.80% | -9.05% | 3.82% |
| Energy | -5.34% | 10.16% | 3.50% | 2.82% | 8.20% | -1.86% |
| Precious Metals | -5.93% | 3.79% | 29.34% | 55.89% | 10.93% | 86.67% |
Top & Bottom 5 ETFs by Weekly Performance
The BWET led the channel this week with a 6.66% gain, continuing its extremely strong YTD run. On the laggard side, SLV and SIVR both plummeted over 27% during the five-day period.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 6.66% |
| SOYB | Teucrium Soybean Fund | 3.47% |
| DBP | Invesco DB Precious Metals Fund | 3.37% |
| OUNZ | VanEck Merk Gold ETF | 2.34% |
| HGER | Harbor Commodity All-Weather Strategy ETF | 1.36% |
| Bottom Performers | ||
| SLV | iShares Silver Trust | -27.40% |
| SIVR | abrdn Physical Silver Shares ETF | -27.38% |
| UNG | United States Natural Gas Fund LP | -21.38% |
| UNL | United States 12 Month Natural Gas Fund LP | -14.42% |
| GLTR | abrdn Physical Precious Metals Basket Shares ETF | -11.96% |
Analyzing the Weekly Flows
The channel attracted $2.21 billion in total net flow this week. Precious Metals dominated investor attention with $2.01 billion in weekly inflows. On the other hand, the Multi-Sector Broad Market category experienced the most significant outflows, losing $124 million over the 5-day period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | YTD |
|---|---|---|---|---|---|
| Precious Metals | 16 | $355.01B | $2,009M | $6,612M | $5,225M |
| Energy | 11 | $2.23B | $158M | ($89M) | ($92M) |
| Industrial Metals | 4 | $1.22B | $153M | $512M | $535M |
| Agriculture | 8 | $1.03B | $16M | $5M | $8M |
| Shipping Freight | 2 | $0.05B | $2M | $1M | $1M |
| Carbon Credits | 4 | $0.27B | ($1M) | ($13M) | ($13M) |
| Multi-Sector | 25 | $18.39B | ($124M) | $585M | $715M |
Top & Bottom 5 ETFs by 5-Day Flow
Investors aggressively bought into silver this week, with SLV gathering a staggering $2.44 billion. In contrast, GLD saw the largest liquidation in the channel, losing $1.70 billion, while GSG also experienced significant outflows of $314 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SLV | iShares Silver Trust | $2,437M |
| IAU | iShares Gold Trust | $425M |
| GLDM | SPDR Gold Minishares Trust | $354M |
| SIVR | abrdn Physical Silver Shares ETF | $273M |
| IAUM | iShares Gold Trust Micro ETF | $208M |
| Outflows | ||
| GLD | SPDR Gold Shares | ($1,698M) |
| GSG | iShares S&P GSCI Commodity Indexed Trust | ($314M) |
| PPLT | abrdn Physical Platinum Shares ETF | ($80M) |
| PALL | abrdn Physical Palladium Shares ETF | ($41M) |
| EDGH | 3EDGE Dynamic Hard Assets ETF | ($25M) |
Issuer League Table Update
SPDR and iShares continue to dominate the Commodity channel, collectively controlling over 86% of the market share by AUM. This week, iShares led all issuers with $2.80 billion in net inflows, while SPDR experienced a net outflow of $1.33 billion despite its market-leading position.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $198.95B | 52.59% |
| iShares | 7 | $128.37B | 33.93% |
| aberdeen | 7 | $23.96B | 6.33% |
| Invesco | 9 | $7.96B | 2.10% |
| US Commodity Funds | 8 | $3.08B | 0.81% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $2,801M |
| aberdeen | $296M |
| US Commodity Funds | $291M |
| Outflows | |
| SPDR | ($1,330M) |
| 3Edge | ($25M) |
| Harbor | ($2M) |
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 data presented here is sourced from ETF Action, LLC and reflects market conditions as of the specified date. Past performance is no guarantee of future results.
This analysis was developed by the team at ETF Action, a data analytics, technology, and research platform built for financial professionals.
