Weekly Channel Summary
The Commodity ETF channel presently holds a Total AUM of $403.44B distributed across 72 ETFs and managed by 29 distinct issuers. Over the past 5 days, the channel recorded net flows of ($1.61B), which brings the Year-To-Date (YTD) net flows to $4.51B.
This Week’s Performance Leaders and Laggards
Energy was the top-performing category this week with a return of 7.61%, followed by Multi-Sector at 2.90%. Conversely, Carbon Credits and Precious Metals lagged the group, posting weekly returns of -2.23% and -1.19% respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Energy | 7.61% | 33.21% | 42.59% | 35.11% | 42.80% | 34.37% |
| Multi-Sector | 2.90% | 14.71% | 23.38% | 27.94% | 22.26% | 33.31% |
| Agriculture | 1.10% | 6.80% | 6.55% | 3.72% | 7.74% | -0.88% |
| Shipping Freight | 0.66% | 21.90% | 75.63% | 156.72% | 112.53% | 252.25% |
| Industrial Metals | -1.06% | 2.02% | 13.02% | 27.80% | 5.27% | 27.15% |
| Precious Metals | -1.19% | 1.71% | 17.62% | 48.27% | 13.96% | 86.90% |
| Carbon Credits | -2.23% | -4.00% | -15.78% | -12.14% | -17.77% | -1.89% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was DBO, advancing 12.97%. The worst performers were CTWO and OUNZ, which declined by -3.37% and -2.61% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DBO | Invesco DB Oil Fund | 12.97% |
| BNO | United States Brent Oil Fund LP | 11.33% |
| USL | United States 12 Month Oil Fund LP | 11.13% |
| DBE | Invesco DB Energy Fund | 10.89% |
| UGA | United States Gasoline Fund LP | 10.79% |
| Bottom Performers | ||
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust ETF | -3.37% |
| OUNZ | VanEck Merk Gold ETF | -2.61% |
| DBP | Invesco DB Precious Metals Fund | -2.26% |
| KRBN | KraneShares Global Carbon Strategy ETF | -2.20% |
| UNL | United States 12 Month Natural Gas Fund LP | -2.13% |
Analyzing the Weekly Flows
The commodity channel saw total net flows of ($1,610M) this week. Energy led category inflows, attracting $737M. Significant outflows were concentrated in Precious Metals, which shed ($2,910M).
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Energy | 11 | $4.45B | $737M | $1,107M | $1,143M | $1,114M | $1,511M |
| Multi-Sector | 27 | $23.22B | $332M | $748M | $2,397M | $2,052M | $3,676M |
| Agriculture | 8 | $1.34B | $209M | $259M | $243M | $267M | $219M |
| Industrial Metals | 4 | $1.20B | $24M | ($41M) | $593M | $503M | $784M |
| Shipping Freight | 2 | $0.06B | ($1M) | $11M | $11M | $13M | ($39M) |
| Carbon Credits | 3 | $0.24B | ($1M) | ($5M) | ($15M) | ($15M) | ($39M) |
| Precious Metals | 16 | $372.92B | ($2,910M) | ($4,685M) | $5,351M | $577M | $47,224M |
Top & Bottom 5 ETFs by 5-Day Flow
The top ETF for weekly inflows was USO, bringing in $700M. The heaviest outflows were seen in IAU and SLV, losing ($1,168M) and ($835M) respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| USO | United States Oil Fund LP | $700M |
| BNO | United States Brent Oil Fund LP | $92M |
| HGER | Harbor Commodity All-Weather Strategy ETF | $85M |
| CORN | Teucrium Corn Fund | $68M |
| COMT | iShares U.S. ETF Trust iShares GSCI Commodity Dynamic Roll | $60M |
| Outflows | ||
| IAU | iShares Gold Trust | ($1,168M) |
| SLV | iShares Silver Trust | ($835M) |
| GLDM | SPDR Gold Minishares Trust | ($284M) |
| SIVR | abrdn Physical Silver Shares ETF | ($248M) |
| GLD | SPDR Gold Shares | ($232M) |
Issuer League Table Update
SPDR and iShares remain the dominant issuers by market share, holding 52.21% and 33.26% respectively. US Commodity Funds gathered the most weekly inflows across all issuers.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $210.64B | 52.21% |
| iShares | 7 | $134.18B | 33.26% |
| aberdeen | 7 | $25.11B | 6.22% |
| Invesco | 9 | $10.04B | 2.49% |
| US Commodity Funds | 8 | $5.00B | 1.24% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| US Commodity Funds | $768M |
| Invesco | $147M |
| Teucrium | $141M |
| Outflows | |
| iShares | ($1,856M) |
| SPDR | ($515M) |
| aberdeen | ($429M) |
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.
