Weekly Channel Summary
The Commodity ETF channel currently consists of 72 ETFs managed by 28 different brands, with total assets under management (AUM) reaching approximately $400 billion as of March 6, 2026. For the most recent five-day period, the channel experienced significant net outflows totaling -$5.63 billion. Despite this weekly contraction, the channel maintains a positive year-to-date (YTD) flow of $6.12 billion.
This Week’s Performance Leaders and Laggards
Energy was the standout category this week, posting a robust return of 18.91%. Conversely, Shipping Freight was the primary laggard, declining -6.23% over the same period. Industrial and Precious metals also faced headwinds, ending the week in negative territory.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Energy | 18.91% | 21.42% | 23.80% | 25.36% | 31.53% | 23.30% |
| Multi-Sector | 6.83% | 11.37% | 18.10% | 26.40% | 18.91% | 31.34% |
| Agriculture | 2.84% | 6.27% | 5.10% | 4.06% | 6.60% | -0.45% |
| Carbon Credits | -0.95% | -8.37% | -12.80% | -6.90% | -16.67% | 1.86% |
| Industrial Metals | -1.40% | 2.43% | 13.48% | 32.32% | 6.40% | 31.14% |
| Precious Metals | -4.57% | 4.00% | 24.50% | 53.10% | 15.34% | 92.09% |
| Shipping Freight | -6.23% | 25.68% | 84.75% | 167.94% | 110.99% | 275.33% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF for the week was USO, which gained 33.40%. At the other end of the spectrum, BDRY declined -13.34% and PLTM fell -10.87%, marking the worst performances in the channel.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| USO | United States Oil Fund LP | 33.40% |
| BNO | United States Brent Oil Fund LP | 27.25% |
| DBO | Invesco DB Oil Fund | 27.08% |
| DBE | Invesco DB Energy Fund | 25.80% |
| USE | USCF Energy Commodity Strategy Absolute Return Fund | 21.42% |
| Bottom Performers | ||
| BDRY | Breakwave Dry Bulk Shipping ETF | -13.34% |
| PLTM | GraniteShares Platinum Trust | -10.87% |
| PPLT | abrdn Physical Platinum Shares ETF | -10.87% |
| PALL | abrdn Physical Palladium Shares ETF | -9.32% |
| SLV | iShares Silver Trust | -8.50% |
Analyzing the Weekly Flows
The channel recorded -$5.63 billion in net flows this week. Energy led inflows with $413 million, while Precious Metals saw the most substantial outflows, losing -$6.18 billion.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Energy | 11 | $3.12B | $413M | $469M | $377M | $704M |
| Multi-Sector | 27 | $21.32B | $110M | $905M | $1,720M | $3,463M |
| Agriculture | 8 | $1.11B | $15M | $50M | $58M | -$15M |
| Industrial Metals | 4 | $1.16B | $14M | -$57M | $478M | $772M |
| Shipping Freight | 2 | $0.07B | $6M | $12M | $14M | -$37M |
| Carbon Credits | 4 | $0.25B | $1M | -$3M | -$16M | -$48M |
| Precious Metals | 16 | $372.56B | -$6,184M | -$1,738M | $3,487M | $51,468M |
Top & Bottom 5 ETFs by 5-Day Flow
The top individual gainer for inflows by dollar amount was USO, bringing in $201 million. On the outflow side, GLD saw a massive withdrawal of -$4.58 billion, followed by IAU with -$824 million in weekly outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| USO | United States Oil Fund LP | $201M |
| BNO | United States Brent Oil Fund LP | $68M |
| DBO | Invesco DB Oil Fund | $58M |
| OILK | ProShares K-1 Free Crude Oil ETF | $41M |
| UNG | United States Natural Gas Fund LP | $40M |
| Outflows | ||
| GLD | SPDR Gold Shares | -$4,578M |
| IAU | iShares Gold Trust | -$824M |
| SLV | iShares Silver Trust | -$607M |
| GLDM | SPDR Gold Minishares Trust | -$83M |
| PPLT | abrdn Physical Platinum Shares ETF | -$48M |
Issuer League Table Update
SPDR and iShares continue to dominate the Commodity ETF landscape by AUM, holding 52.57% and 33.52% market shares respectively. However, both saw heavy outflows this week. US Commodity Funds stood out as the leader for weekly net inflows, gathering $324 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 3 | $210.05B | 52.57% |
| iShares | 7 | $133.94B | 33.52% |
| aberdeen | 7 | $25.07B | 6.27% |
| Invesco | 9 | $9.20B | 2.30% |
| US Commodity Funds | 8 | $3.72B | 0.93% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| US Commodity Funds | $324M |
| Invesco | $47M |
| ProShares | $41M |
| Outflows | |
| SPDR | -$4,646M |
| iShares | -$1,405M |
| aberdeen | -$58M |
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. 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.
