Weekly Channel Summary
The Commodity ETF channel, as of October 31, 2025, holds $289.23 billion in total AUM across 71 ETFs from 28 issuers. The channel experienced net outflows of $1.54 billion over the past week, though it remains strongly positive with $45.24 billion in year-to-date inflows.
This Week’s Performance Leaders and Laggards
Performance was mixed, with Shipping Freight (4.09%) and Energy (0.93%) leading weekly gains. Precious Metals (-1.23%) and Carbon Credits (-0.45%) were the primary laggards for the week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 4.09% | 16.10% | 35.78% | 50.80% | 60.16% | 26.50% |
| Energy | 0.93% | -1.04% | -3.45% | 7.89% | -5.22% | 2.45% |
| Agriculture | 0.91% | -0.37% | -0.45% | -4.40% | -5.17% | -5.30% |
| Industrial Metals | -0.11% | 5.76% | 15.42% | 17.96% | 22.59% | 16.54% |
| Multi-Sector | -0.32% | 1.87% | 6.01% | 10.86% | 12.68% | 14.12% |
| Carbon Credits | -0.45% | 2.89% | 11.10% | 20.79% | 8.70% | 6.96% |
| Precious Metals | -1.23% | 5.56% | 23.10% | 32.33% | 55.81% | 44.49% |
Top & Bottom 5 ETFs by Weekly Performance
The week’s top-performing ETF was the Roundhill Uranium ETF (UX), which gained 8.22%. The worst-performing ETFs were the USCF Energy Commodity Strategy Absolute Return Fund (USE) at -3.21% and the Invesco DB Precious Metals Fund (DBP) at -2.87%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| UX | Roundhill Uranium ETF | 8.22% |
| BWET | Breakwave Tanker Shipping ETF | 5.65% |
| SOYB | Teucrium Soybean Fund | 4.05% |
| WEAT | Teucrium Wheat Fund | 3.41% |
| UNG | United States Natural Gas Fund LP | 3.29% |
| Bottom Performers | ||
| USE | USCF Energy Commodity Strategy Absolute Return Fund | -3.21% |
| DBP | Invesco DB Precious Metals Fund | -2.87% |
| OUNZ | VanEck Merk Gold ETF | -2.55% |
| CANE | Teucrium Sugar Fund | -2.41% |
| IAU | iShares Gold Trust | -2.28% |
Analyzing the Weekly Flows
The channel saw total net outflows of $1.544 billion. Multi-Sector funds led inflows, gathering $69 million. Significant outflows were seen in Precious Metals, which lost $1.643 billion.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Multi-Sector | 25 | $16.66B | $69M | $290M | $499M | $2,191M | $1,865M |
| Agriculture | 8 | $1.07B | $16M | ($12M) | $32M | $47M | $58M |
| Industrial Metals | 4 | $0.49B | $8M | $61M | $119M | $154M | $128M |
| Energy | 11 | $2.07B | $7M | ($13M) | $207M | ($325M) | ($1,125M) |
| Carbon Credits | 4 | $0.31B | $0M | ($15M) | ($6M) | ($34M) | ($168M) |
| Shipping Freight | 2 | $0.04B | $0M | ($5M) | ($15M) | ($17M) | $0M |
| Precious Metals | 17 | $268.58B | ($1,643M) | $5,444M | $20,862M | $43,223M | $42,227M |
Top & Bottom 5 ETFs by 5-Day Flow
The abrdn Physical Platinum Shares ETF (PPLT) brought in the most new assets, with $37 million in 5-day inflows. The largest outflows came from SPDR Gold Shares (GLD), which saw $1.015 billion exit, followed by the iShares Silver Trust (SLV) with $352 million in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| PPLT | abrdn Physical Platinum Shares ETF | $37M |
| SIVR | abrdn Physical Silver Shares ETF | $35M |
| USO | United States Oil Fund LP | $30M |
| HGER | Harbor All-Weather Inflation Focus ETF | $22M |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $16M |
| Outflows | ||
| GLD | SPDR Gold Shares | ($1,015M) |
| SLV | iShares Silver Trust | ($352M) |
| IAU | iShares Gold Trust | ($161M) |
| GLDM | SPDR Gold Minishares Trust of beneficial interest | ($157M) |
| IAUM | iShares Gold Trust Micro ETF of Benef Interest | ($32M) |
Issuer League Table Update
The Commodity channel remains highly concentrated, with SPDR (54.21%) and iShares (32.11%) controlling the vast majority of market share. Despite this, aberdeen gathered the most assets this past week, with $85 million in net inflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $156.79B | 54.21% |
| iShares | 7 | $92.87B | 32.11% |
| aberdeen | 8 | $17.02B | 5.89% |
| Invesco | 9 | $7.23B | 2.50% |
| US Commodity Funds | 8 | $2.35B | 0.81% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| aberdeen | $85M |
| Harbor | $22M |
| Teucrium | $16M |
| Outflows | |
| SPDR | ($1,170M) |
| iShares | ($563M) |
| Direxion | ($1M) |
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…
