Weekly Channel Summary
The Commodity ETF channel currently consists of 70 ETFs managed by 28 issuers, representing a total of $368 billion in assets under management. During the past week, the channel experienced significant activity with total net inflows of $3.87 billion, bringing the year-to-date (YTD) total flows to $3.32 billion. Asset concentration remains high, with the top two issuers controlling over 86% of the market share, led by the Precious Metals segment which continues to dominate the landscape in both total assets and recent investor interest.
This Week’s Performance Leaders and Laggards
Performance across commodity categories was broadly positive this week, led by a substantial surge in Shipping Freight, which posted a 16.08% return. Precious Metals followed with a strong 3.96% gain. Conversely, Agriculture was the only major segment to finish the week in the red, declining 0.99%, while Carbon Credits and Multi-Sector broad market funds saw more modest gains of 1.13% and 1.11%, respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 16.08% | 20.05% | 56.80% | 106.70% | 39.16% | 118.61% |
| Precious Metals | 3.96% | 15.19% | 21.49% | 57.59% | 11.12% | 98.31% |
| Carbon Credits | 1.13% | 2.63% | 6.32% | 20.75% | 1.82% | 16.91% |
| Multi-Sector | 1.11% | 5.93% | 6.16% | 11.07% | 3.57% | 13.61% |
| Energy | 0.85% | 4.03% | 1.42% | -5.66% | 1.19% | -17.17% |
| Industrial Metals | 0.37% | 13.19% | 19.50% | 26.17% | 5.53% | 37.31% |
| Agriculture | -0.99% | 0.09% | -0.68% | -3.53% | -0.23% | -6.13% |
Top & Bottom 5 ETFs by Weekly Performance
The BWET (Breakwave Tanker Shipping ETF) was the single best-performing ETF this week with a 19.77% return, driven by volatility in maritime rates. On the downside, the PALL (abrdn Physical Palladium Shares ETF) and CORN (Teucrium Corn Fund) were the worst performers, declining 4.27% and 4.24%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 19.77% |
| SIVR | abrdn Physical Silver Shares ETF | 16.20% |
| SLV | iShares Silver Trust | 16.19% |
| BDRY | Breakwave Dry Bulk Shipping ETF | 12.39% |
| GLTR | abrdn Physical Precious Metals Basket Shares ETF | 7.07% |
| Bottom Performers | ||
| PALL | abrdn Physical Palladium Shares ETF | -4.27% |
| CORN | Teucrium Corn Fund | -4.24% |
| UNG | United States Natural Gas Fund LP | -1.64% |
| KCCA | KraneShares California Carbon Allowance Strategy ETF | -1.51% |
| HARD | Simplify Commodities Strategy No K-1 ETF | -1.27% |
Analyzing the Weekly Flows
The channel attracted $3.87 billion in net flows this week, primarily directed toward Precious Metals, which saw $3.42 billion in new capital. Energy and Industrial Metals also saw healthy interest with $242 million and $78 million in net inflows, respectively. Agriculture was the outlier on the downside, recording $9 million in net outflows as investors rotated away from soft commodities.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Precious Metals | 16 | $346.13B | $3,417M | $6,777M | $12,651M | $2,444M | $56,159M |
| Energy | 11 | $2.26B | $242M | $196M | $294M | $333M | $48M |
| Multi-Sector | 25 | $17.62B | $139M | $631M | $1,185M | $398M | $2,773M |
| Industrial Metals | 4 | $0.87B | $78M | $230M | $316M | $153M | $452M |
| Carbon Credits | 4 | $0.31B | $1M | ($2M) | ($10M) | ($2M) | ($43M) |
| Shipping Freight | 2 | $0.04B | $0M | ($3M) | ($10M) | ($1M) | ($31M) |
| Agriculture | 8 | $1.00B | ($9M) | ($25M) | ($30M) | ($9M) | ($21M) |
Top & Bottom 5 ETFs by 5-Day Flow
The GLD (SPDR Gold Shares) dominated inflows this week with $3.15 billion in new assets. Conversely, the SLV (iShares Silver Trust) saw the most significant outflows at $686 million, followed by GSG (iShares S&P GSCI Commodity Indexed Trust) with $8 million in redemptions.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLD | SPDR Gold Shares | $3,155M |
| GLDM | SPDR Gold Minishares Trust | $491M |
| UNG | United States Natural Gas Fund LP | $205M |
| IAU | iShares Gold Trust | $123M |
| IAUM | iShares Gold Trust Micro ETF | $115M |
| Outflows | ||
| SLV | iShares Silver Trust | ($686M) |
| GSG | iShares S&P GSCI Commodity Indexed Trust | ($8M) |
| DBA | Invesco DB Agriculture Fund | ($5M) |
| USCI | United States Commodity Index Fund | ($4M) |
| EDGH | 3EDGE Dynamic Hard Assets ETF | ($2M) |
Issuer League Table Update
The commodity issuer landscape remains dominated by SPDR and iShares, which together hold over 86% of the channel’s total AUM. SPDR maintained its leadership position, capturing $3.66 billion in weekly inflows, largely driven by its gold products. US Commodity Funds also saw significant relative growth, gathering $291 million in weekly net new money.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $189.51B | 51.47% |
| iShares | 7 | $128.94B | 35.02% |
| aberdeen | 7 | $24.65B | 6.69% |
| Invesco | 9 | $7.56B | 2.05% |
| US Commodity Funds | 8 | $2.83B | 0.77% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $3,655M |
| US Commodity Funds | $291M |
| aberdeen | $237M |
| Outflows | |
| iShares | ($452M) |
| Teucrium | ($4M) |
| 3Edge | ($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 obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. ETF Action, Inc. and its affiliates do not provide investment, tax, or legal advice. Past performance is not indicative of future results.
This analysis was developed by the team at ETF Action, utilizing the ETF Action proprietary classification system and data analytics platform. Copyright © 2026 ETF Action, Inc. All rights reserved.
