Weekly Channel Summary
The Commodity ETF channel currently manages approximately $394.02 billion in total assets across 72 ETFs and 29 distinct issuer brands. For the week ending February 13, 2026, the channel saw net inflows of $631 million, contributing to a substantial year-to-date (YTD) flow total of $7.11 billion. This week also marked the expansion of the channel with the launch of the COMD (Global X Commodity Strategy ETF) on February 10, which has already gathered $2.4 million in AUM.
This Week’s Performance Leaders and Laggards
Commodity categories showed a wide range of performance this week. Shipping Freight led the channel with a robust 4.66% week-to-date (WTD) return, followed by Precious Metals at 1.03%. Conversely, Carbon Credits experienced significant pressure, declining 6.86% for the week, while Energy also lagged with a 1.36% loss.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 4.66% | 34.17% | 51.37% | 137.21% | 65.95% | 168.98% |
| Precious Metals | 1.03% | 1.12% | 23.71% | 57.31% | 12.08% | 85.55% |
| Agriculture | 0.59% | 1.73% | -1.31% | -2.09% | 0.87% | -10.43% |
| Multi-Sector | -0.25% | 1.61% | 6.52% | 15.49% | 6.14% | 14.41% |
| Industrial Metals | -0.67% | -3.95% | 14.03% | 29.22% | 3.19% | 30.91% |
| Energy | -1.36% | 3.35% | 1.80% | 3.94% | 6.73% | -4.20% |
| Carbon Credits | -6.86% | -17.62% | -11.07% | -0.92% | -15.29% | -0.71% |
Top & Bottom 5 ETFs by Weekly Performance
The BDRY (Breakwave Dry Bulk Shipping ETF) was the channel’s top individual performer this week with an 8.01% return. On the downside, carbon allowance funds saw deep corrections, led by KEUA (-9.88%) and CTWO (-9.62%).
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BDRY | Breakwave Dry Bulk Shipping ETF | 8.01% |
| SLV | iShares Silver Trust | 3.21% |
| SIVR | abrdn Physical Silver Shares ETF | 3.21% |
| UX | Roundhill Uranium ETF | 1.90% |
| SOYB | Teucrium Soybean Fund | 1.83% |
| Bottom Performers | ||
| KEUA | KraneShares European Carbon Allowance Strategy ETF | -9.88% |
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust ETF | -9.62% |
| KRBN | KraneShares Global Carbon Strategy ETF | -7.41% |
| UNG | United States Natural Gas Fund LP | -5.59% |
| UNL | United States 12 Month Natural Gas Fund LP | -3.15% |
Analyzing the Weekly Flows
The commodity channel attracted $631 million in net new capital over the past five trading days. The Multi-Sector – Broad Market category was the primary driver of these inflows, gathering $487 million. Energy followed with $99 million in net inflows, while the Specialty categories (Carbon Credits and Shipping Freight) saw flat net activity for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Multi-Sector – Broad Market | 25 | $18.86B | $487M | $910M | $1,592M | $1,201M | $2,987M |
| Focused – Energy | 11 | $2.27B | $99M | ($172M) | ($5M) | $6M | ($234M) |
| Focused – Precious Metals | 16 | $370.31B | $36M | $4,440M | $14,523M | $5,262M | $59,827M |
| Focused – Industrial Metals | 4 | $1.23B | $9M | $456M | $682M | $543M | $834M |
| Focused – Agriculture | 8 | $1.04B | $0M | $6M | ($26M) | $8M | ($81M) |
| Specialty – Carbon Credits | 4 | $0.26B | $0M | ($9M) | ($13M) | ($13M) | ($43M) |
Top & Bottom 5 ETFs by 5-Day Flow
The GLDM (SPDR Gold Minishares Trust) led all commodity ETFs with $354 million in weekly inflows. On the outflow side, the SLV (iShares Silver Trust) saw the most significant redemption, losing $410 million, followed by SIVR which saw $76 million in net outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLDM | SPDR Gold Minishares Trust | $354M |
| GLD | SPDR Gold Shares | $168M |
| CERY | SPDR Bloomberg Enhanced Roll Yield Commodity Strategy ETF | $138M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy ETF | $111M |
| USO | United States Oil Fund LP | $85M |
| Outflows | ||
| SLV | iShares Silver Trust | ($410M) |
| SIVR | abrdn Physical Silver Shares ETF | ($76M) |
| IAU | iShares Gold Trust | ($53M) |
| PALL | abrdn Physical Palladium Shares ETF | ($46M) |
| UNG | United States Natural Gas Fund LP | ($13M) |
Issuer League Table Update
SPDR remains the dominant force in the commodity channel, holding 52.68% of market share, followed by iShares at 33.97%. SPDR also had the strongest week for capital collection, securing $660 million in net inflows, while iShares faced $442 million in net redemptions over the same period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $207.64B | 52.68% |
| iShares | 7 | $133.88B | 33.97% |
| aberdeen | 7 | $24.83B | 6.30% |
| Invesco | 9 | $8.12B | 2.06% |
| VanEck | 3 | $3.20B | 0.81% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $660M |
| Invesco | $157M |
| US Commodity Funds | $91M |
| Outflows | |
| iShares | ($442M) |
| aberdeen | ($94M) |
| KraneShares | $0M |
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. ETF Action, Inc. is not a registered investment adviser. The data provided in this report is sourced from FactSet Research Systems and is believed to be accurate at the time of publication, but no guarantees are made regarding its completeness or accuracy.
This analysis was developed by the team at ETF Action, a data analytics, technology, and research platform made by financial professionals for financial professionals. For more information, visit www.etfaction.com.
