Weekly Channel Summary
The Commodity ETF channel currently manages $318B in assets across 70 funds and 28 issuers. The channel experienced significant positive momentum this week, gathering $2.16B in net inflows over the trailing 5-day period. This recent activity brings the Year-to-Date flow total to $51.25B.
This Week’s Performance Leaders and Laggards
Precious Metals was the standout category this week, delivering a strong average return of 4.56%. Shipping Freight also performed well, posting a gain of 3.57%. On the downside, Energy funds struggled significantly, dropping -6.07%, while Multi-Sector funds lagged with a -1.59% decline.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Precious Metals | 4.56% | 8.75% | 25.68% | 38.45% | 77.78% | 70.62% |
| Shipping Freight | 3.57% | 13.35% | 36.43% | 104.29% | 101.44% | 103.56% |
| Carbon Credits | 2.43% | 2.60% | 6.45% | 14.75% | 12.44% | 17.10% |
| Agriculture | -0.27% | -0.89% | -2.71% | -4.03% | -5.32% | -5.99% |
| Industrial Metals | -0.70% | 2.84% | 13.03% | 17.15% | 27.35% | 22.61% |
| Multi-Sector | -1.59% | -0.66% | 4.08% | 7.38% | 13.99% | 13.75% |
| Energy | -6.07% | -4.41% | -4.81% | -7.11% | -9.78% | -6.61% |
Top & Bottom 5 ETFs by Weekly Performance
The BWET led individual fund performance this week with a double-digit gain. Conversely, the natural gas segment weighed heavily on the laggards list, with UNG and UNL dropping significantly.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 11.18% |
| SLV | iShares Silver Trust | 11.03% |
| SIVR | abrdn Physical Silver Shares ETF | 11.02% |
| PPLT | abrdn Physical Platinum Shares ETF | 7.83% |
| PLTM | GraniteShares Platinum Trust | 7.83% |
| Bottom Performers | ||
| UNG | United States Natural Gas Fund LP | -22.21% |
| UNL | United States 12 Month Natural Gas Fund LP | -14.93% |
| DBE | Invesco DB Energy Fund | -5.62% |
| UGA | United States Gasoline Fund LP | -4.42% |
| USO | United States Oil Fund LP | -4.29% |
Analyzing the Weekly Flows
The channel attracted $2.16B in total net inflows this week. Precious Metals dominated the action, pulling in nearly $2B alone. Energy and Multi-Sector categories also saw positive flow activity, while Agriculture and Carbon Credits experienced minor net outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Precious Metals | 16 | $296.64B | $1,979M | $5,081M | $19,244M | $48,909M | $48,613M |
| Energy | 11 | $1.98B | $78M | ($20M) | ($57M) | ($386M) | ($833M) |
| Multi-Sector | 25 | $17.35B | $62M | $148M | $775M | $2,550M | $2,523M |
| Industrial Metals | 4 | $0.57B | $45M | $48M | $136M | $205M | $188M |
| Shipping Freight | 2 | $0.04B | ($2M) | ($4M) | ($21M) | ($23M) | ($17M) |
| Carbon Credits | 4 | $0.30B | ($3M) | ($4M) | ($26M) | ($41M) | ($55M) |
| Agriculture | 8 | $1.08B | ($3M) | ($10M) | ($8M) | $40M | $48M |
Top & Bottom 5 ETFs by 5-Day Flow
GLDM took the top spot for inflows this week, followed by other major precious metal funds. FTGC and GLTR saw the most significant outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLDM | SPDR Gold Minishares Trust | $488M |
| GLD | SPDR Gold Shares | $387M |
| IAU | iShares Gold Trust | $366M |
| SLV | iShares Silver Trust | $337M |
| IAUM | iShares Gold Trust Micro ETF | $179M |
| Outflows | ||
| FTGC | First Trust Global Tactical Commodity Strategy Fund | ($24M) |
| GLTR | abrdn Physical Precious Metals Basket Shares ETF | ($9M) |
| KCCA | KraneShares California Carbon Allowance Strategy ETF | ($3M) |
| COM | Direxion Auspice Broad Commodity Strategy ETF | ($3M) |
| NBCM | Neuberger Berman Commodity Strategy ETF | ($2M) |
Issuer League Table Update
SPDR remains the dominant player with nearly 53% of the market share, followed by iShares at 33%. In terms of flows, iShares secured the top spot this week with $888M in net new assets, just ahead of SPDR, which brought in $877M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $168.46B | 52.98% |
| iShares | 7 | $106.39B | 33.46% |
| aberdeen | 7 | $19.57B | 6.16% |
| Invesco | 9 | $7.46B | 2.35% |
| VanEck | 3 | $2.49B | 0.78% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $888M |
| SPDR | $877M |
| aberdeen | $218M |
| Outflows | |
| First Trust | ($24M) |
| KraneShares | ($3M) |
| Direxion | ($3M) |
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, a recommendation, or promotion. Neither ETF Action nor its licensors shall be responsible for investment decisions, damages, or other losses resulting from use of the services. Past performance does not guarantee future performance. Neither ETF Action nor its licensors shall be considered an “expert” under the securities act of 1933. Neither ETF Action nor its licensors warrant that the services comply with the requirements of the NASD or any similar organization or with the securities laws of any jurisdiction. Any information contained in in the services should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
This analysis was developed by the team at ETF Action, a data analytics, technology, and research platform. To learn more, visit www.etfaction.com.
