Weekly Channel Summary
As of September 19, 2025, the Commodity ETF channel holds nearly $255 billion in Assets Under Management (AUM) across 71 ETFs from 28 distinct issuers. The channel saw significant inflows of $3.78 billion over the past week, bringing the year-to-date total to nearly $35 billion.
This Week’s Performance Leaders and Laggards
The past week saw mixed performance across commodity categories. Carbon Credits (1.21%) and Energy (0.69%) were the only categories to post positive weekly returns. Shipping Freight (-1.87%) and Agriculture (-1.46%) were the weakest performers for the week. Year-to-date, Shipping Freight and Precious Metals remain the top performing categories.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Carbon Credits | 1.21% | 9.28% | 9.77% | 9.79% | 7.35% | 8.89% |
| Energy | 0.69% | 3.27% | -9.21% | -3.14% | -4.56% | 0.06% |
| Precious Metals | -0.19% | 8.52% | 8.33% | 21.78% | 38.98% | 35.78% |
| Industrial Metals | -0.33% | 4.59% | 2.91% | -1.66% | 12.15% | 7.48% |
| Multi-Sector | -0.51% | 3.68% | -0.81% | 2.22% | 8.96% | 11.33% |
| Agriculture | -1.46% | -0.37% | -4.49% | -6.48% | -4.16% | -4.85% |
| Shipping Freight | -1.87% | 14.23% | 37.81% | 31.09% | 42.99% | -13.02% |
Top & Bottom 5 ETFs by Weekly Performance
At the individual ETF level, the Roundhill Uranium ETF (UX) was the top performer with a 9.57% gain. The bottom performers for the week were the abrdn Physical Palladium Shares ETF (PALL) with a -5.51% return and the Breakwave Tanker Shipping ETF (BWET) with a -3.02% return.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| UX | Roundhill Uranium ETF | 9.57% |
| CTWO | COtwo Advisors Physical European Carbon Allowance Trust | 2.69% |
| KEUA | KraneShares European Carbon Allowance Strategy ETF | 2.52% |
| OUNZ | VanEck Merk Gold ETF | 1.09% |
| KRBN | KraneShares Global Carbon Strategy ETF | 0.88% |
| Bottom Performers | ||
| PALL | abrdn Physical Palladium Shares ETF | -5.51% |
| BWET | Breakwave Tanker Shipping ETF | -3.02% |
| CANE | Teucrium Sugar Fund | -2.27% |
| DBA | Invesco DB Agriculture Fund | -1.92% |
| PDBA | Invesco Agriculture Commodity Strategy No K-1 ETF | -1.92% |
Analyzing the Weekly Flows
The Commodity channel recorded over $3.78 billion in net inflows this week. Precious Metals ETFs were the primary recipient, attracting over $3.76 billion. This category holds the largest AUM in the channel at nearly $235 billion. Multi-Sector ($26M) and Agriculture ($5M) funds also saw net inflows. Year-to-date, Energy and Carbon Credits are the only categories with net outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Precious Metals | 17 | $234.83B | $3,768M | $8,744M | $14,814M | $33,435M | $35,915M |
| Multi-Sector | 25 | $15.93B | $26M | ($46M) | $780M | $1,802M | $1,886M |
| Agriculture | 8 | $1.11B | $5M | $34M | ($27M) | $53M | $95M |
| Industrial Metals | 4 | $0.37B | $3M | ($4M) | $44M | $71M | $60M |
| Carbon Credits | 4 | $0.32B | ($2M) | $2M | $14M | ($18M) | ($159M) |
| Shipping Freight | 2 | $0.05B | ($6M) | ($1M) | ($44M) | ($8M) | $9M |
| Energy | 11 | $2.09B | ($11M) | ($7M) | $228M | ($339M) | ($1,137M) |
Top & Bottom 5 ETFs by 5-Day Flow
On an individual fund level, flows were concentrated in Precious Metals. The SPDR Gold Shares (GLD) led all ETFs, pulling in over $2.3 billion. The iShares Gold Trust (IAU) saw the second-largest inflow at over $1.1 billion. The largest outflows came from the SPDR Gold Minishares Trust (GLDM) which saw $194 million in redemptions.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GLD | SPDR Gold Shares | $2,309M |
| IAU | iShares Gold Trust | $1,147M |
| SLV | iShares Silver Trust | $197M |
| IAUM | iShares Gold Trust Micro ETF | $132M |
| FGDL | Franklin Responsibly Sourced Gold ETF | $76M |
| Outflows | ||
| GLDM | SPDR Gold Minishares Trust | ($194M) |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | ($28M) |
| COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | ($19M) |
| PPLT | abrdn Physical Platinum Shares ETF | ($19M) |
| UNG | United States Natural Gas Fund LP | ($9M) |
Issuer League Table Update
The issuer landscape remains led by SPDR and iShares, who together control over 86% of the market AUM. For the week, SPDR gathered the most assets with $2.1 billion in net inflows. iShares recorded the second-highest inflows among all issuers at over $1.4 billion.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $136.97B | 53.78% |
| iShares | 7 | $82.24B | 32.29% |
| aberdeen | 8 | $14.49B | 5.69% |
| Invesco | 9 | $7.23B | 2.84% |
| First Trust | 1 | $2.23B | 0.88% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $2,118M |
| iShares | $1,471M |
| aberdeen | $83M |
| Outflows | |
| Invesco | ($25M) |
| Amplify | ($6M) |
| PIMCO | ($3M) |
This recap provides a high-level overview of the past week’s activity in the Commodity ETF channel. For a deeper dive into the data, including detailed fund-level analytics and historical trends, be sure to access our comprehensive, FREE reports available in the right side panel.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
