Weekly Channel Summary
The Commodity ETF channel, consisting of 70 ETFs from 28 issuers, manages a total of $342.65 Billion in assets. For the past week, the channel saw net inflows of $339 Million, bringing the Year-to-Date total to a net outflow of -$552 Million.
This Week’s Performance Leaders and Laggards
Shipping Freight was the standout category this week, delivering a substantial return of 24.16%. Precious Metals and Industrial Metals also posted strong gains. Conversely, Carbon Credits was the only category to finish in negative territory, down -0.87%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Shipping Freight | 24.16% | 5.43% | 43.61% | 87.83% | 19.29% | 115.29% |
| Precious Metals | 4.78% | 16.22% | 22.93% | 54.11% | 6.92% | 92.90% |
| Industrial Metals | 4.72% | 13.56% | 18.77% | 26.12% | 5.13% | 41.60% |
| Multi-Sector | 2.48% | 3.33% | 5.23% | 10.34% | 2.43% | 16.81% |
| Agriculture | 1.31% | -0.22% | -0.35% | -2.14% | 0.77% | -4.48% |
| Energy | 0.57% | -1.96% | -4.32% | -6.74% | 0.29% | -11.93% |
| Carbon Credits | -0.87% | 4.54% | 6.43% | 18.97% | 0.66% | 18.24% |
Top & Bottom 5 ETFs by Weekly Performance
The BWET (Breakwave Tanker Shipping ETF) surged 45.14%, leading all funds this week. At the other end of the spectrum, UNG and UNL, both Natural Gas funds, saw the steepest declines, dropping -12.37% and -9.22% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BWET | Breakwave Tanker Shipping ETF | 45.14% |
| PALL | abrdn Physical Palladium Shares ETF | 11.69% |
| PLTM | GraniteShares Platinum Trust | 7.03% |
| PPLT | abrdn Physical Platinum Shares ETF | 7.02% |
| TMET | iShares Transition-Enabling Metals ETF | 6.51% |
| Bottom Performers | ||
| UNG | United States Natural Gas Fund LP | -12.37% |
| UNL | United States 12 Month Natural Gas Fund LP | -9.22% |
| KCCA | KraneShares California Carbon Allowance Strategy ETF | -4.07% |
| KRBN | KraneShares Global Carbon Strategy ETF | -1.00% |
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust | 0.57% |
Analyzing the Weekly Flows
The channel attracted $339 Million in net new assets this week. The Multi-Sector – Broad Market category led the way with $240 Million in inflows. Conversely, the Precious Metals category experienced the largest outflows, shedding -$67 Million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Commodity: Multi-Sector – Broad Market | 25 | $17.02B | $240M | $588M | $912M | $259M | $3,003M |
| Commodity: Focused – Energy | 11 | $2.02B | $92M | $204M | $125M | $91M | ($244M) |
| Commodity: Focused – Industrial Metals | 4 | $0.77B | $74M | $188M | $249M | $75M | $372M |
| Commodity: Focused – Agriculture | 8 | $1.03B | $4M | ($30M) | ($35M) | $0M | $4M |
| Commodity: Specialty – Shipping Freight | 2 | $0.04B | ($1M) | ($5M) | ($12M) | ($1M) | ($29M) |
| Commodity: Specialty – Carbon Credits | 4 | $0.31B | ($4M) | ($6M) | ($12M) | ($4M) | ($44M) |
| Commodity: Focused – Precious Metals | 16 | $321.46B | ($67M) | $5,753M | $13,518M | ($973M) | $52,763M |
Top & Bottom 5 ETFs by 5-Day Flow
GLDM led individual ETF inflows, gathering $388 Million for the week. In contrast, SLV and IAU saw the heaviest selling, with outflows of -$298 Million and -$214 Million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLDM | SPDR Gold Minishares Trust | $388M |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | $121M |
| UNG | United States Natural Gas Fund LP | $73M |
| SIVR | abrdn Physical Silver Shares ETF | $68M |
| CPER | United States Copper Index Fund | $57M |
| Outflows | ||
| SLV | iShares Silver Trust | ($298M) |
| IAU | iShares Gold Trust | ($214M) |
| PPLT | abrdn Physical Platinum Shares ETF | ($83M) |
| GLD | SPDR Gold Shares | ($80M) |
| DBC | Invesco DB Commodity Index Tracking Fund | ($21M) |
Issuer League Table Update
SPDR remains the dominant issuer with 52.10% market share and also led in gathering new assets this week. iShares holds the second spot in market share but saw the largest net outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $178.53B | 52.10% |
| iShares | 7 | $117.79B | 34.38% |
| aberdeen | 7 | $22.28B | 6.50% |
| Invesco | 9 | $7.34B | 2.14% |
| VanEck | 3 | $2.64B | 0.77% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $324M |
| aberdeen | $178M |
| US Commodity Funds | $149M |
| Outflows | |
| iShares | ($446M) |
| Invesco | ($13M) |
| Direxion | ($5M) |
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 not a recommendation to buy or sell any securities. All investments involve risk, including the loss of principal. Past performance is not a guarantee of future results.
This analysis was developed by the team at ETF Action using their proprietary platform. Data is sourced from ETF Action, Inc. and FactSet Research Systems. All data is as of the date of the report. ETF Action, Inc. makes no guarantees regarding the accuracy or completeness of the information provided.
