Weekly Channel Summary
The Commodity ETF channel currently holds $359.34B in total Assets Under Management (AUM) across 71 distinct ETFs offered by 28 issuers. For the week ending May 1, 2026, the channel experienced net outflows of -$1,051M. Year-to-date, total flows for the space stand at -$1,321M.
This Week’s Performance Leaders and Laggards
Shipping Freight led all Commodity categories this week with an impressive 14.57% gain. Conversely, Precious Metals was the worst-performing segment, declining by -1.27%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 14.57% | 26.84% | 191.52% | 439.61% | 410.56% | 734.85% |
| Energy | 5.19% | 9.41% | 37.62% | 47.71% | 55.85% | 59.33% |
| Agriculture | 3.45% | 2.42% | 10.78% | 9.28% | 10.64% | 4.71% |
| Multi-Sector | 2.50% | 5.10% | 18.05% | 30.37% | 27.95% | 44.81% |
| Carbon Credits | 0.16% | 1.74% | -5.09% | -7.46% | -11.97% | 9.88% |
| Industrial Metals | -1.13% | 4.47% | 3.00% | 21.21% | 8.82% | 43.14% |
| Precious Metals | -1.27% | -1.43% | -11.31% | 21.13% | 4.66% | 65.34% |
Top & Bottom 5 ETFs by Weekly Performance
The best-performing individual fund was BWET (Breakwave Tanker Shipping ETF), posting a 21.93% weekly return. At the other end of the spectrum, the bottom two performers were SIVR (abrdn Physical Silver Shares ETF) and SLV (iShares Silver Trust), each experiencing a drop of -2.26%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 21.93% |
| BNO | United States Brent Oil Fund LP | 9.17% |
| UGA | United States Gasoline Fund LP | 8.08% |
| USO | United States Oil Fund LP | 8.04% |
| BDRY | Breakwave Dry Bulk Shipping ETF | 7.21% |
| Bottom Performers | ||
| SIVR | abrdn Physical Silver Shares ETF | -2.26% |
| SLV | iShares Silver Trust | -2.26% |
| OUNZ | VanEck Merk Gold ETF | -2.24% |
| CPER | United States Copper Index Fund | -1.64% |
| DBP | Invesco DB Precious Metals Fund | -1.63% |
Analyzing the Weekly Flows
The channel registered total net flows of -$1,051M. Agriculture was the leader for the week, gathering $187M in net new money. Conversely, Precious Metals and Energy experienced significant pressure, suffering outflows of -$1,088M and -$294M respectively.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Agriculture | 8 | $2.33B | $187M | $73M | $1,194M | $1,186M | $1,129M |
| Multi-Sector | 27 | $25.34B | $119M | -$264M | $1,936M | $2,802M | $4,512M |
| Industrial Metals | 4 | $1.09B | $20M | -$4M | $1M | $383M | $680M |
| Shipping Freight | 2 | $0.08B | $7M | -$42M | -$7M | -$7M | -$61M |
| Carbon Credits | 3 | $0.24B | -$2M | -$5M | -$12M | -$23M | -$29M |
| Energy | 11 | $4.00B | -$294M | -$1,343M | $326M | $76M | $158M |
| Precious Metals | 16 | $326.26B | -$1,088M | -$292M | -$8,954M | -$5,737M | $32,159M |
Top & Bottom 5 ETFs by 5-Day Flow
GLDM was the clear winner in attracting new assets, pulling in $526M. Meanwhile, GLD and USO faced the most severe withdrawals, losing -$1,613M and -$294M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLDM | SPDR Gold Minishares Trust | $526M |
| IAU | iShares Gold Trust | $251M |
| DBA | Invesco DB Agriculture Fund | $95M |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | $54M |
| HGER | Harbor Commodity All-Weather Strategy ETF | $52M |
| Outflows | ||
| GLD | SPDR Gold Shares | -$1,613M |
| USO | United States Oil Fund LP | -$294M |
| SLV | iShares Silver Trust | -$265M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | -$97M |
| BNO | United States Brent Oil Fund LP | -$49M |
Issuer League Table Update
SPDR and iShares remain the dominant top two issuers by market share, capturing 51.65% and 32.63% of total AUM respectively. For the week, Invesco gathered the most net new assets.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $185.61B | 51.65% |
| iShares | 7 | $117.25B | 32.63% |
| aberdeen | 7 | $22.04B | 6.13% |
| Invesco | 9 | $10.90B | 3.03% |
| US Commodity Funds | 8 | $4.39B | 1.22% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $73M |
| iShares | $71M |
| Teucrium | $59M |
| Outflows | |
| SPDR | -$1,074M |
| US Commodity Funds | -$293M |
| GraniteShares | -$26M |
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.
