Weekly Channel Summary
The Commodity ETF channel, consisting of 70 ETFs across 28 issuers, closed the week ending January 2, 2026, with total assets under management of $332.34 billion. The channel experienced net outflows of $710 million for the week, bringing the year-to-date total to $891 million in net outflows.
This Week’s Performance Leaders and Laggards
Carbon Credits was the best-performing category this week, posting a return of 0.98%. On the other end of the spectrum, Shipping Freight was the laggard, declining by 7.20%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Carbon Credits | 0.98% | 7.18% | 8.73% | 18.43% | 1.55% | 14.63% |
| Energy | -0.14% | -3.87% | -5.42% | -8.34% | -0.32% | -12.45% |
| Industrial Metals | -0.33% | 9.58% | 16.76% | 20.83% | 0.39% | 37.74% |
| Multi-Sector | -1.66% | 0.44% | 3.95% | 7.51% | -0.06% | 13.73% |
| Agriculture | -1.91% | -2.53% | -2.62% | -4.38% | -0.53% | -7.16% |
| Precious Metals | -3.30% | 11.26% | 23.26% | 45.60% | 2.01% | 86.33% |
| Shipping Freight | -7.20% | -12.67% | 20.65% | 63.34% | -3.70% | 65.06% |
Top & Bottom 5 ETFs by Weekly Performance
The USE was the best-performing ETF for the week, delivering a 3.86% return. Conversely, the BWET and PALL were the bottom performers, declining by 10.77% and 10.09% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| USE | USCF Energy Commodity Strategy Absolute Return Fund | 3.86% |
| KCCA | KraneShares California Carbon Allowance Strategy ETF | 3.30% |
| EVMT | Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF | 3.09% |
| SLV | iShares Silver Trust | 2.81% |
| SIVR | abrdn Physical Silver Shares ETF | 2.81% |
| Bottom Performers | ||
| BWET | Breakwave Tanker Shipping ETF | -10.77% |
| PALL | abrdn Physical Palladium Shares ETF | -10.09% |
| PLTM | GraniteShares Platinum Trust | -7.12% |
| PPLT | abrdn Physical Platinum Shares ETF | -7.11% |
| UNG | United States Natural Gas Fund LP | -6.64% |
Analyzing the Weekly Flows
The channel saw total net outflows of $710 million over the past week. Multi-Sector – Broad Market gathered the most assets with $89 million in inflows, while Precious Metals experienced the most significant outflows, losing $748 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Commodity: Multi-Sector – Broad Market | 25 | $16.57B | $89M | $465M | $930M | $19M | $2,920M |
| Commodity: Focused – Industrial Metals | 4 | $0.68B | $50M | $146M | $187M | $1M | $296M |
| Commodity: Specialty Shipping Freight | 2 | $0.04B | ($1M) | ($6M) | ($11M) | $0M | ($25M) |
| Commodity: Focused – Agriculture | 8 | $1.01B | ($2M) | ($33M) | ($44M) | ($4M) | $12M |
| Commodity: Specialty – Carbon Credits | 4 | $0.31B | ($2M) | ($3M) | ($19M) | $0M | ($40M) |
| Commodity: Focused – Energy | 11 | $1.97B | ($96M) | $90M | ($47M) | ($1M) | ($403M) |
| Commodity: Focused – Precious Metals | 16 | $311.77B | ($748M) | $6,581M | $14,563M | ($906M) | $52,708M |
Top & Bottom 5 ETFs by 5-Day Flow
The IAU led inflows with $163 million. The GLD and SIVR experienced the largest outflows, shedding $830 million and $374 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IAU | iShares Gold Trust | $163M |
| SLV | iShares Silver Trust | $135M |
| IAUM | iShares Gold Trust Micro ETF of Benef Interest | $91M |
| PPLT | abrdn Physical Platinum Shares ETF | $59M |
| PALL | abrdn Physical Palladium Shares ETF | $52M |
| Outflows | ||
| GLD | SPDR Gold Shares | ($830M) |
| SIVR | abrdn Physical Silver Shares ETF | ($374M) |
| GLDM | SPDR Gold Minishares Trust of beneficial interest | ($115M) |
| UNG | United States Natural Gas Fund LP | ($51M) |
| USO | United States Oil Fund LP | ($43M) |
Issuer League Table Update
SPDR and iShares remain the top two issuers by market share, while iShares gathered the most weekly inflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $173.34B | 52.16% |
| iShares | 7 | $114.47B | 34.44% |
| aberdeen | 7 | $21.16B | 6.37% |
| Invesco | 9 | $7.27B | 2.19% |
| VanEck | 3 | $2.54B | 0.77% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $400M |
| GraniteShares | $35M |
| Invesco | $32M |
| Outflows | |
| SPDR | ($942M) |
| aberdeen | ($262M) |
| US Commodity Funds | ($58M) |
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…
