Weekly Channel Summary
The Commodities channel ended the week with $325.25B in total AUM spread across 76 ETFs from 32 issuers. Net flows were modestly positive at $258M for the five-day period, while longer-term trends remain strongly favorable with $8,822M added year-to-date and $20,448M over the trailing year. These figures reflect a channel still benefiting from sustained investor interest despite week-to-week volatility across individual commodity segments.
This Week’s Performance Leaders and Laggards
Focused – Precious Metals led all categories this week with a 4.76% gain, rebounding from a weak YTD showing of -8.45%, suggesting short-term momentum amid longer-term softness. Specialty – Carbon Credits also posted a modest positive return of 0.47%. On the downside, Specialty – Shipping Freight collapsed -21.57% for the week despite an extraordinary 2665.67% YTD gain, underscoring extreme volatility in that niche segment. Focused – Energy also struggled, falling -9.82% on the week even as its YTD return stands at an outsized 92.28%, while Multi-Sector – Broad Market slipped -5.20% weekly against a strong 34.97% YTD gain.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Focused – Precious Metals | 4.76% | -4.01% | -5.74% | -15.77% | -8.45% | 2.39% |
| Specialty – Carbon Credits | 0.47% | 2.60% | 1.42% | 11.92% | 0.32% | 5.14% |
| Focused – Industrial Metals | -2.49% | -4.82% | -6.40% | -1.06% | 7.23% | 20.45% |
| Focused – Agriculture | -2.76% | -10.26% | -4.45% | -5.99% | 3.68% | 3.78% |
| Multi-Sector – Broad Market | -5.20% | -4.82% | 5.83% | 2.49% | 34.97% | 36.97% |
| Focused – Energy | -9.82% | -0.83% | 21.40% | 9.57% | 92.28% | 85.66% |
| Specialty – Shipping Freight | -21.57% | -23.72% | 117.48% | 207.89% | 2665.67% | 2774.32% |
Top & Bottom 5 ETFs by Weekly Performance
Precious metals names dominated the top of the leaderboard, with BDRY leading all funds at 8.61%, followed by platinum and silver trusts including PPLT (6.53%) and PLTM (6.31%). At the other end, BWET fell -30.18%, the steepest decline in the channel, while energy-linked funds such as BNO (-12.84%) and USO (-12.10%) also posted sharp losses. The dispersion between top and bottom performers highlights a week of sector rotation favoring metals over energy and shipping exposures.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BDRY | Breakwave Dry Bulk Shipping ETF | 8.61% |
| PPLT | abrdn Physical Platinum Shares ETF | 6.53% |
| PLTM | GraniteShares Platinum Trust | 6.31% |
| YSAG | Texas Precious Metals Trust Y'all Street Physical Silver ETF | 5.24% |
| SIVR | abrdn Physical Silver Shares ETF | 5.23% |
| Bottom Performers | ||
| BWET | Breakwave Tanker Shipping ETF | -30.18% |
| CCOM | Simplify Chinese Commodities Strategy No K-1 ETF | -15.09% |
| BNO | United States Brent Oil Fund LP | -12.84% |
| USO | United States Oil Fund LP | -12.10% |
| DBO | Invesco DB Oil Fund | -11.37% |
Analyzing the Weekly Flows
The channel recorded a net inflow of $258M over the five-day period. Focused – Energy led all categories with $429M in inflows, a standout figure relative to its $4.24B AUM base, pointing to concentrated investor interest in energy commodity exposure. Focused – Agriculture saw the largest outflow at -$101M, followed by Specialty – Shipping Freight at -$33M, while Multi-Sector – Broad Market also registered modest redemptions of -$30M despite its strong YTD and one-year inflow totals of $7,742M and $8,340M, respectively.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Focused – Energy | 12 | $4.24B | $429M | $387M | $86M | $385M | $418M |
| Focused – Precious Metals | 18 | $287.55B | $6M | -$1,159M | $11,000M | -$250M | $10,660M |
| Specialty – Carbon Credits | 3 | $263M | -$3M | -$6M | $7M | -$38M | -$44M |
| Focused – Industrial Metals | 4 | $979M | -$11M | -$66M | -$126M | $250M | $385M |
| Multi-Sector – Broad Market | 29 | $30.28B | -$30M | $451M | $2,556M | $7,742M | $8,340M |
| Specialty – Shipping Freight | 2 | $126M | -$33M | -$83M | -$52M | -$86M | -$94M |
| Focused – Agriculture | 8 | $1.81B | -$101M | -$370M | -$234M | $820M | $783M |
Top & Bottom 5 ETFs by 5-Day Flow
USO led all funds in weekly inflows with $387M, followed by GLDM at $148M, reinforcing demand for both energy and gold exposure despite mixed category performance. On the redemption side, IAU saw the largest outflow at -$142M, followed by BNO at -$87M. The contrast between USO’s inflows and BNO’s outflows illustrates divergent investor positioning within the oil complex this week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| USO | United States Oil Fund LP | $387M |
| GLDM | SPDR Gold Minishares Trust of beneficial interest | $148M |
| SLV | iShares Silver Trust | $112M |
| OILK | ProShares K-1 Free Crude Oil ETF of Benef Interest | $78M |
| UNG | United States Natural Gas Fund LP | $51M |
| Outflows | ||
| IAU | iShares Gold Trust | -$142M |
| BNO | United States Brent Oil Fund LP | -$87M |
| DBA | Invesco DB Agriculture Fund | -$51M |
| CERY | State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | -$50M |
| SIVR | abrdn Physical Silver Shares ETF | -$42M |
Issuer League Table Update
SPDR remains the dominant issuer by assets with a 52.31% market share and $170.13B in AUM, followed by iShares at 30.42% share and $98.95B. US Commodity Funds led all issuers in weekly inflows with $352M, well ahead of ProShares at $78M and SPDR at $66M. On the outflow side, aberdeen posted the largest weekly redemption at -$82M, followed by Invesco at -$61M, indicating some rotation away from these providers despite their continued scale within the channel.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $170.13B | 52.31% |
| iShares | 7 | $98.95B | 30.42% |
| aberdeen | 7 | $19.10B | 5.87% |
| Invesco | 9 | $11.65B | 3.58% |
| Harbor | 2 | $4.74B | 1.46% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| US Commodity Funds | $352M |
| ProShares | $78M |
| SPDR | $66M |
| Outflows | |
| aberdeen | -$82M |
| Invesco | -$61M |
| Amplify | -$33M |
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.
