Weekly Channel Summary
The Commodity ETF channel, which encompasses 72 ETFs across 28 issuers with a total AUM of $388 billion, experienced a net outflow of -$804 million over the past week. Despite the recent weekly drawdowns, the channel maintains a strong positive trajectory for the year, gathering $6.31 billion in total year-to-date inflows.
This Week’s Performance Leaders and Laggards
Shipping Freight led the commodity sectors this week, posting an impressive 15.20% Week-to-Date (WTD) gain, while Industrial Metals lagged the broader group, though still managing a positive return of 1.23%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 15.20% | 39.56% | 71.42% | 174.30% | 95.14% | 216.09% |
| Energy | 3.50% | 5.63% | 6.97% | 7.12% | 10.58% | -2.61% |
| Carbon Credits | 2.62% | -10.41% | -8.36% | 1.45% | -13.12% | 5.37% |
| Multi-Sector | 2.28% | 3.29% | 11.01% | 17.85% | 8.67% | 15.56% |
| Precious Metals | 2.05% | -0.46% | 30.64% | 62.40% | 14.32% | 88.66% |
| Agriculture | 1.69% | 3.47% | 1.75% | -0.61% | 2.58% | -10.15% |
| Industrial Metals | 1.23% | -1.18% | 18.32% | 32.60% | 4.47% | 31.89% |
Top & Bottom 5 ETFs by Weekly Performance
The BWET ETF topped the charts this week with a stellar 27.12% return. On the other end of the spectrum, natural gas strategies struggled the most, with UNG and UNL declining by -4.19% and -2.05% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 27.12% |
| BNO | United States Brent Oil Fund LP | 6.13% |
| USO | United States Oil Fund LP | 6.00% |
| DBO | Invesco DB Oil Fund | 5.98% |
| DBE | Invesco DB Energy Fund | 5.42% |
| Bottom Performers | ||
| UNG | United States Natural Gas Fund LP | -4.19% |
| UNL | United States 12 Month Natural Gas Fund LP | -2.05% |
| CORN | Teucrium Corn Fund | -0.28% |
| CCOM | Simplify Chinese Commodities Strategy No K-1 ETF | -0.04% |
| SOYB | Teucrium Soybean Fund | 0.34% |
Analyzing the Weekly Flows
Overall, commodity ETFs shed -$804 million this week. Multi-Sector Broad Market funds provided a bright spot, gathering the most inflows at $141 million, while Precious Metals experienced significant profit-taking, leading the outflows with -$894 million exiting the space.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Multi-Sector | 26 | $19.38B | $141M | $935M | $1,956M | $1,442M | $3,184M |
| Shipping Freight | 2 | $0.05B | $2M | $4M | -$3M | $4M | -$45M |
| Agriculture | 8 | $1.03B | $1M | $16M | -$26M | $9M | -$89M |
| Carbon Credits | 4 | $0.25B | -$4M | -$15M | -$15M | -$17M | -$49M |
| Energy | 11 | $2.34B | -$6M | -$568M | $33M | $0M | -$32M |
| Industrial Metals | 4 | $1.18B | -$43M | $308M | $640M | $500M | $793M |
| Precious Metals | 16 | $363.36B | -$894M | $1,682M | $14,586M | $4,367M | $56,539M |
Top & Bottom 5 ETFs by 5-Day Flow
GLD led all individual funds in capital gathering with $276 million in new assets. Conversely, silver-focused funds saw the heaviest redemptions, with SLV and SIVR losing -$1,282 million and -$115 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLD | SPDR Gold Shares | $276M |
| GLDM | SPDR Gold Minishares Trust of beneficial interest | $168M |
| JAUM | iShares Gold Trust Micro ETF of Benef Interest | $75M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $50M |
| UNG | United States Natural Gas Fund LP | $47M |
| Outflows | ||
| SLV | iShares Silver Trust | -$1,282M |
| SIVR | abrdn Physical Silver Shares ETF | -$115M |
| USO | United States Oil Fund LP | -$102M |
| IAU | iShares Gold Trust | -$66M |
| CPER | United States Copper Index Fund | -$38M |
Issuer League Table Update
SPDR and iShares continue to dominate the Commodity ETF landscape, commanding 53.28% and 33.28% of the total market share respectively. SPDR was also the undisputed leader in weekly asset gathering, pulling in $452 million in net flows over the past five days.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $206.52B | 53.28% |
| iShares | 7 | $128.98B | 33.28% |
| aberdeen | 7 | $24.11B | 6.22% |
| Invesco | 9 | $8.27B | 2.13% |
| VanEck | 3 | $3.14B | 0.81% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $452M |
| Invesco | $48M |
| PIMCO | $30M |
| Outflows | |
| iShares | -$1,268M |
| aberdeen | -$82M |
| US Commodity Funds | -$47M |
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…
This analysis was developed by the team at ETF Action…
