Weekly Channel Summary
The Commodity ETF channel currently holds a total of $409.18B in Assets Under Management (AUM) across 72 ETFs, managed by 28 unique issuers. Over the past 5 days, the channel experienced robust positive activity, gathering $5.42B in net flows. This builds on a strong year, bringing the total YTD channel flows to $11.73B.
This Week’s Performance Leaders and Laggards
Performance across the commodity landscape was largely positive this week. The Shipping Freight category led the market with a 9.71% WTD return, trailed by Precious Metals at 5.80%. On the downside, Carbon Credits lagged significantly, dropping -3.22% for the week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 9.71% | 33.79% | 92.65% | 200.48% | 118.93% | 265.59% |
| Precious Metals | 5.80% | 2.21% | 33.43% | 68.20% | 20.82% | 108.90% |
| Industrial Metals | 3.30% | 2.15% | 17.88% | 34.28% | 7.95% | 40.61% |
| Multi-Sector | 2.09% | 2.79% | 11.30% | 17.22% | 10.82% | 23.33% |
| Agriculture | 1.00% | 3.74% | 1.11% | -1.05% | 3.63% | -3.93% |
| Energy | -0.13% | -2.98% | 6.93% | 3.77% | 10.56% | 1.58% |
| Carbon Credits | -3.22% | -9.64% | -12.32% | -4.13% | -15.88% | 2.75% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF for the week was BWET, surging 18.07%. On the opposite end of the spectrum, the worst-performing ETFs were UX and CTWO, returning -5.15% and -4.47% respectively.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| BWET | Breakwave Tanker Shipping ETF | 18.07% |
| SLV | iShares Silver Trust | 11.76% |
| SIVR | abrdn Physical Silver Shares ETF | 11.76% |
| PPLT | abrdn Physical Platinum Shares ETF | 11.54% |
| PLTM | GraniteShares Platinum Trust | 11.54% |
| Bottom Performers | ||
| UX | Roundhill Uranium ETF | -5.15% |
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust ETF | -4.47% |
| KEUA | KraneShares European Carbon Allowance Strategy ETF | -4.43% |
| UNG | United States Natural Gas Fund LP | -4.14% |
| KRBN | KraneShares Global Carbon Strategy ETF | -3.04% |
Analyzing the Weekly Flows
The channel drew an impressive $5.42B in net flows over the past 5 days. Precious Metals completely dominated the inflows landscape, pulling in $5.30B alone. Conversely, the most significant outflows were realized in Energy (-$47M) and Industrial Metals (-$37M).
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Precious Metals | 16 | $384.39B | $5,304M | $5,905M | $18,374M | $9,671M | $58,770M |
| Multi-Sector | 26 | $19.96B | $163M | $828M | $2,063M | $1,606M | $3,291M |
| Agriculture | 8 | $1.07B | $34M | $51M | $17M | $43M | -$54M |
| Shipping Freight | 2 | $0.06B | $4M | $10M | $1M | $8M | -$44M |
| Carbon Credits | 4 | $0.25B | $0M | -$11M | -$15M | -$17M | -$49M |
| Industrial Metals | 4 | $1.18B | -$37M | $130M | $605M | $464M | $757M |
| Energy | 11 | $2.26B | -$47M | -$7M | $48M | -$47M | $210M |
Top & Bottom 5 ETFs by 5-Day Flow
Leading the charge by a wide margin, GLD secured the most inflows with $3,724M collected. The funds suffering the heaviest withdrawals were SIVR and IAU, which saw outflows of -$77M and -$76M, respectively.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| GLD | SPDR Gold Shares | $3,724M |
| SLV | iShares Silver Trust | $1,265M |
| GLDM | SPDR Gold Minishares Trust | $377M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $80M |
| HGER | Harbor Commodity All-Weather Strategy ETF | $47M |
| Outflows | ||
| SIVR | abrdn Physical Silver Shares ETF | -$77M |
| IAU | iShares Gold Trust | -$76M |
| CMDT | PIMCO Commodity Strategy Active Exchange-Traded Fund | -$62M |
| USO | United States Oil Fund LP | -$48M |
| CPER | United States Copper Index Fund | -$37M |
Issuer League Table Update
SPDR and iShares remain the dominant top two issuers in the Commodity ETF space, commanding market shares of 53.12% and 33.60% respectively. The two leaders also proved to be the most effective asset gatherers, capturing the vast majority of weekly inflows for the channel.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $217.35B | 53.12% |
| iShares | 7 | $137.49B | 33.60% |
| aberdeen | 7 | $25.56B | 6.25% |
| Invesco | 9 | $8.57B | 2.09% |
| VanEck | 3 | $3.28B | 0.80% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| SPDR | $4,106M |
| iShares | $1,255M |
| Invesco | $104M |
| Outflows | |
| US Commodity Funds | -$90M |
| PIMCO | -$62M |
| aberdeen | -$27M |
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.
