Weekly Channel Summary
The Commodity ETF channel, comprising 71 ETFs from 28 issuers, closed the week with $305.92 billion in total assets under management. The channel experienced net inflows of $1.21 billion over the past week, contributing to a year-to-date net inflow of $46.27 billion.
This Week’s Performance Leaders and Laggards
It was a mixed week for Commodity categories, with Shipping Freight posting an exceptional 20.10% return, driven by Wet Futures. Carbon Credits also saw strong performance, returning 2.23%. On the other end, Precious Metals sub-categories like Platinum (-1.43%) and Palladium (-0.80%) ended the week in negative territory.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 20.10% | 42.52% | 96.26% | 91.03% | 129.51% | 80.38% |
| Carbon Credits | 2.23% | 5.42% | 14.07% | |||
| Precious Metals | 1.98% | -1.63% | 22.11% | 35.55% | 57.64% | 57.64% |
| Energy | 1.37% | 5.25% | 2.82% | 1.44% | -3.51% | 4.31% |
| Industrial Metals | 1.32% | 2.44% | 12.31% | 13.96% | 22.23% | 21.41% |
| Multi-Sector | 0.96% | 2.27% | 7.70% | 8.68% | 13.18% | 16.69% |
| Agriculture | 0.53% | -0.64% | -1.22% | -4.32% | -2.48% | 1.87% |
Top & Bottom 5 ETFs by Weekly Performance
The week’s best-performing ETF was the BWET (Breakwave Tanker Shipping ETF), which gained 20.10%. The worst performers were concentrated in multi-sector and energy strategies, with the ZSC (USCF Sustainable Commodity Strategy Fund) falling -3.07% and the USE (USCF Energy Commodity Strategy Absolute Return Fund) dropping -1.98%.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| BWET | Breakwave Tanker Shipping ETF | 20.10% |
| SLV | iShares Silver Trust | 6.81% |
| SIVR | abrdn Physical Silver Shares ETF | 6.80% |
| UNG | United States Natural Gas Fund LP | 5.93% |
| UGA | United States Gasoline Fund LP | 3.73% |
| Bottom Performers | ||
| Ticker | Fund Name | WTD Performance |
| ZSC | USCF Sustainable Commodity Strategy Fund | -3.07% |
| USE | USCF Energy Commodity Strategy Absolute Return Fund | -1.98% |
| PPLT | abrdn Physical Platinum Shares ETF | -1.43% |
| PLTM | GraniteShares Platinum Trust | -1.42% |
| PALL | abrdn Physical Palladium Shares ETF | -0.80% |
Analyzing the Weekly Flows
Investors added a total of $1.21 billion to the Commodity channel over the past week. Precious Metals was the clear winner, attracting $1.05 billion in new assets. Multi-Sector ($132 million) and Energy ($38 million) also saw net inflows. Small outflows were seen from Carbon Credits (-$4 million), Industrial Metals (-$3 million), and Agriculture (-$1 million).
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Precious Metals | 17 | $284.69B | $1,046M | $2,710M | $19,478M | $44,031M | $44,670M |
| Multi-Sector | 25 | $17.22B | $132M | $334M | $640M | $2,469M | $2,150M |
| Energy | 11 | $2.09B | $38M | ($71M) | ($58M) | ($378M) | ($1,001M) |
| Shipping Freight | 2 | $0.04B | $0M | ($4M) | ($15M) | ($19M) | ($3M) |
| Agriculture | 8 | $1.08B | ($1M) | ($2M) | $36M | $50M | $52M |
| Industrial Metals | 4 | $0.50B | ($3M) | $21M | $76M | $157M | $135M |
| Carbon Credits | 4 | $0.30B | ($4M) | ($7M) | ($21M) | ($40M) | ($162M) |
Top & Bottom 5 ETFs by 5-Day Flow
Flows were dominated by precious metals ETFs, with the IAU (iShares Gold Trust) leading all funds with $319 million in new assets. Conversely, the UNG (United States Natural Gas Fund LP) saw the largest outflow at -$44 million, followed by the PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) which shed -$13 million.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| IAU | iShares Gold Trust | $319M |
| GLD | SPDR Gold Shares | $289M |
| SLV | iShares Silver Trust | $218M |
| SIVR | abrdn Physical Silver Shares ETF | $106M |
| USO | United States Oil Fund LP | $71M |
| Outflows | ||
| Ticker | Fund Name | 5-Day Flow |
| UNG | United States Natural Gas Fund LP | ($44M) |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | ($13M) |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | ($9M) |
| KRBN | KraneShares Global Carbon Strategy ETF | ($3M) |
| CPER | United States Copper Index Fund | ($3M) |
Issuer League Table Update
The Commodity ETF market remains highly concentrated, with SPDR (53.96% market share) and iShares (32.46% market share) controlling the vast majority of assets. This past week, iShares led all issuers, attracting $611 million in net inflows, while SPDR followed with $289 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $165.06B | 53.96% |
| iShares | 7 | $99.32B | 32.46% |
| aberdeen | 8 | $18.23B | 5.96% |
| Invesco | 9 | $7.30B | 2.39% |
| VanEck | 3 | $2.46B | 0.80% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| iShares | $611M |
| SPDR | $289M |
| aberdeen | $210M |
| Outflows | |
| Brand | 5-Day Flow |
| First Trust | -$9M |
| Invesco | -$5M |
| KraneShares | -$4M |
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, a recommendation, or a solicitation to buy or sell any securities. ETF Action, Inc. does not provide investment advice, and does not take into account the investment objectives or financial situation of any particular person. Investors should consult with a qualified financial advisor before making any investment decisions.
This analysis was developed by the team at ETF Action, based on data from publicly available sources as of 11/14/2025. While we believe the information to be reliable, ETF Action makes no representations or warranties as to its accuracy or completeness. Past performance is not indicative of future results.
