Weekly Channel Summary
The Commodity ETF channel finished the week with $311 billion in total assets under management across 70 funds and 28 issuers. The channel experienced strong demand, gathering approximately $1.87 billion in net inflows for the week, pushing the year-to-date total to over $49 billion.
This Week’s Performance Leaders and Laggards
Energy was the standout category this week, posting a 2.91% gain, followed by Industrial Metals which rose 2.41%. On the downside, Agriculture was the only significant laggard, finishing the week down -1.05%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Energy | 2.91% | 2.63% | 2.30% | 2.44% | -3.34% | 3.83% |
| Industrial Metals | 2.41% | 5.98% | 16.56% | 17.40% | 28.21% | 23.56% |
| Precious Metals | 1.88% | 8.63% | 22.62% | 35.02% | 69.67% | 65.01% |
| Multi-Sector | 1.06% | 2.57% | 6.96% | 10.04% | 15.49% | 16.99% |
| Shipping Freight | -0.27% | 17.62% | 36.20% | 97.87% | 91.54% | 74.77% |
| Carbon Credits | -0.44% | 0.71% | 6.81% | 15.31% | 9.89% | 14.43% |
| Agriculture | -1.05% | -0.68% | -1.05% | -4.94% | -5.02% | -4.86% |
Top & Bottom 5 ETFs by Weekly Performance
The UNG led all funds this week with a strong 9.09% return, driven by natural gas performance. Conversely, the USE and SOYB struggled, declining -2.83% and -2.41% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| UNG | United States Natural Gas Fund LP | 9.09% |
| UNL | United States 12 Month Natural Gas Fund LP | 8.10% |
| SLV | iShares Silver Trust | 7.77% |
| SIVR | abrdn Physical Silver Shares ETF | 7.77% |
| CPER | United States Copper Index Fund | 3.72% |
| Bottom Performers | ||
| USE | USCF Energy Commodity Strategy Absolute Return Fund | -2.83% |
| SOYB | Teucrium Soybean Fund | -2.41% |
| CANE | Teucrium Sugar Fund | -2.04% |
| TAGS | Teucrium Agricultural Fund | -1.48% |
| TILL | Teucrium Agricultural Strategy No K-1 ETF | -1.43% |
Analyzing the Weekly Flows
The channel attracted $1.87 billion in net inflows this week, driven almost entirely by the Precious Metals category, which pulled in $1.83 billion. Meanwhile, Energy and Agriculture saw modest outflows of $14 million and $3 million, respectively.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Precious Metals | 16 | $290.09B | $1,834M | $4,280M | $17,500M | $46,930M | $46,417M |
| Multi-Sector | 25 | $17.31B | $33M | $253M | $724M | $2,487M | $2,325M |
| Industrial Metals | 4 | $0.52B | $16M | $0M | $95M | $160M | $139M |
| Carbon Credits | 4 | $0.30B | $5M | ($3M) | ($22M) | ($37M) | ($150M) |
| Shipping Freight | 2 | $0.04B | ($2M) | ($5M) | ($21M) | ($21M) | ($14M) |
| Agriculture | 8 | $1.07B | ($3M) | ($4M) | $11M | $43M | $52M |
| Energy | 11 | $2.05B | ($14M) | ($142M) | ($137M) | ($464M) | ($982M) |
Top & Bottom 5 ETFs by 5-Day Flow
The GLD secured the top spot for inflows, gathering $692 million. In contrast, the CMDT and USO saw the largest exits, shedding $38 million and $21 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLD | SPDR Gold Shares | $692M |
| SLV | iShares Silver Trust | $572M |
| IAU | iShares Gold Trust | $247M |
| GLDM | SPDR Gold Minishares Trust | $141M |
| SIVR | abrdn Physical Silver Shares ETF | $69M |
| Outflows | ||
| CMDT | PIMCO Commodity Strategy Active ETF | ($38M) |
| USO | United States Oil Fund LP | ($21M) |
| GSG | iShares S&P GSCI Commodity Indexed Trust | ($9M) |
| OILK | ProShares K-1 Free Crude Oil ETF | ($6M) |
| DBC | Invesco DB Commodity Index Tracking Fund | ($3M) |
Issuer League Table Update
SPDR and iShares continue to dominate the landscape, collectively holding over 86% of the channel’s assets. SPDR led all issuers in weekly flows, gathering $834 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $166.41B | 53.44% |
| iShares | 7 | $102.67B | 32.97% |
| aberdeen | 7 | $18.86B | 6.06% |
| Invesco | 9 | $7.38B | 2.37% |
| VanEck | 3 | $2.47B | 0.79% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $834M |
| iShares | $809M |
| aberdeen | $182M |
| Outflows | |
| PIMCO | -$38M |
| ProShares | -$6M |
| Amplify | -$2M |
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. The information contained herein is based on internal research and data from ETF Action. Past performance is not indicative of future results. All investments involve risk, including the loss of principal.
This analysis was developed by the team at ETF Action.
