Weekly Channel Summary
The Commodity ETF channel, comprising 71 ETFs from 28 issuers, holds a total of $264.31 billion in assets under management. Over the past week, the channel saw net inflows of $2.49 billion, contributing to a year-to-date total inflow of $37.49 billion. The vast majority of assets are concentrated in Precious Metals, which also captured the lion’s share of the weekly flows.
This Week’s Performance Leaders and Laggards
Precious Metals were the standout performers this week, posting an average gain of 4.80%, driven by strong returns in Platinum and Palladium. On the other end of the spectrum, Carbon Credits was the worst-performing category with a -1.74% return for the week. Energy and Industrial Metals also showed strength, with weekly gains of 3.81% and 1.89% respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Precious Metals | 4.80% | 12.74% | 13.91% | 28.62% | 45.77% | 38.10% |
| Energy | 3.81% | 5.21% | 2.76% | -0.66% | -0.87% | 6.09% |
| Multi-Sector | 2.35% | 4.15% | 5.72% | 4.93% | 11.59% | 12.34% |
| Industrial Metals | 1.89% | 4.77% | 1.73% | 0.06% | 14.33% | 4.82% |
| Shipping Freight | 0.60% | 7.55% | 42.23% | 33.13% | 43.98% | -9.75% |
| Agriculture | -0.02% | -1.57% | -0.84% | -4.82% | -4.19% | -7.46% |
| Carbon Credits | -1.74% | 5.77% | 9.45% | 10.67% | 5.66% | 4.17% |
Top & Bottom 5 ETFs by Weekly Performance
The week’s best performer was the GraniteShares Platinum Trust (PLTM), which surged by 11.41%. At the other end, carbon allowance ETFs struggled, with the COtwo Advisors Physical European Carbon Allowance Trust ETF (CTWO) falling -2.50% and the KraneShares European Carbon Allowance Strategy ETF (KEUA) dropping -2.38%, making them the two worst performers.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| PLTM | GraniteShares Platinum Trust | 11.41% |
| PPLT | abrdn Physical Platinum Shares ETF | 11.40% |
| PALL | abrdn Physical Palladium Shares ETF | 10.76% |
| SLV | iShares Silver Trust | 6.55% |
| SIVR | abrdn Physical Silver Shares ETF | 6.54% |
| Bottom Performers | ||
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust ETF | -2.50% |
| KEUA | KraneShares European Carbon Allowance Strategy ETF | -2.38% |
| KRBN | KraneShares Global Carbon Strategy ETF | -1.48% |
| BDRY | Breakwave Dry Bulk Shipping ETF | -1.45% |
| SOYB | Teucrium Soybean Fund | -0.87% |
Analyzing the Weekly Flows
The Commodity channel experienced total net inflows of nearly $2.49 billion this week. The Precious Metals category was the primary driver, attracting over $2.35 billion in new assets. In contrast, the Energy category saw the largest outflows, shedding $13 million. Carbon Credits and Shipping Freight also saw minor outflows of $2 million and $3 million, respectively.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Precious Metals | 17 | $244.11B | $2,353M | $11,490M | $15,396M | $35,788M | $37,515M |
| Multi-Sector – Broad Market | 25 | $16.26B | $150M | $102M | $904M | $1,952M | $2,013M |
| Agriculture | 8 | $1.10B | $6M | $29M | ($3M) | $60M | $88M |
| Industrial Metals | 4 | $0.38B | ($2M) | $8M | $40M | $69M | $58M |
| Carbon Credits | 4 | $0.32B | ($2M) | ($9M) | $12M | ($19M) | ($160M) |
| Shipping Freight | 2 | $0.05B | ($3M) | ($2M) | ($47M) | ($11M) | $6M |
| Energy | 11 | $2.10B | ($13M) | ($91M) | ($89M) | ($353M) | ($1,050M) |
Top & Bottom 5 ETFs by 5-Day Flow
The SPDR Gold Shares (GLD) was the clear leader in asset gathering this week, pulling in $1.32 billion. On the flip side, the SPDR Gold Minishares Trust (GLDM) experienced the largest outflow at $105 million, followed by the United States Oil Fund LP (USO), which saw withdrawals of $14 million.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| GLD | SPDR Gold Shares | $1,320M |
| IAU | iShares Gold Trust | $537M |
| SLV | iShares Silver Trust | $211M |
| GLDM | iShares Gold Trust Micro ETF of Benef Interest | $101M |
| SGOL | abrdn Physical Gold Shares ETF | $71M |
| Outflows | ||
| GLDM | SPDR Gold Minishares Trust of beneficial interest | ($105M) |
| USO | United States Oil Fund LP | ($14M) |
| OILK | ProShares K-1 Free Crude Oil ETF of Benef Interest | ($8M) |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | ($8M) |
| BNO | United States Brent Oil Fund LP | ($4M) |
Issuer League Table Update
The issuer landscape remains dominated by SPDR and iShares, which command 53.52% and 32.56% of the market share, respectively. This week, SPDR also led in asset gathering, attracting over $1.2 billion in new flows, followed closely by iShares with $849 million in inflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $141.46B | 53.52% |
| iShares | 7 | $86.06B | 32.56% |
| aberdeen | 8 | $15.35B | 5.81% |
| Invesco | 9 | $7.32B | 2.77% |
| US Commodity Funds | 8 | $2.26B | 0.85% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| SPDR | $1,217M |
| iShares | $849M |
| aberdeen | $257M |
| Outflows | |
| ProShares | -$8M |
| US Commodity Funds | -$5M |
| Amplify | -$3M |
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 material has been prepared without regard to any specific person’s investment objectives, financial situation, or particular needs, and does not constitute a recommendation to purchase or sell any security. All investments contain risk and may lose value. The information contained herein has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The information may be based on assumptions or market conditions and may change without notice.
This analysis was developed by the team at ETF Action. ETF Action is an independent technology and research firm focused on the global ETF marketplace. ETF Action does not issue, sponsor, or endorse any ETFs. For more information, please visit www.etfaction.com.
