Commodities ETFs cross-section and key drivers

Commodities ETFs cross-section and key drivers
  • Pininvest Analysis

By no means exhaustive, our weighted selection (to be reviewed monthly) signals commodity trends in all major segments

  • Industrial Metals with attention to Copper [asset ticker="JJC" mnemonic="NYSEARCA"], Steel [asset ticker="SLX" mnemonic="NYSEARCA"] and Aluminium [asset ticker="JJU" mnemonic="NYSEARCA"] ,
  • Energy with Oil [asset ticker="DBO" mnemonic="NYSEARCA"] and [asset ticker="USO" mnemonic="NYSEARCA"] and Natural Gas [asset ticker="UNG" mnemonic="NYSEARCA"] funds,
  • Gold [asset ticker="GLD" mnemonic="NYSEARCA"]
  • Agriculture commodities with the Soybean Futures market [asset ticker="SOYB" mnemonic="NYSEARCA"], Corn Fund [asset ticker="CORN" mnemonic="NYSEARCA"] and Grains ETN [asset ticker="JJGB" mnemonic="NYSEARCA"]

Metals have delivered an average return of 30% in 2017 – the outlook remains positive but the positions are initiated underweight at 22% of total portfolio

Energy was shrouded with uncertainty after a disappointing 2017 (6% for Oil and largely negative Natural Gas at -28%) and on à powerful upswing since the late '17; potential pick-up of natural gas will be discussed in our dedicated theme

We do not receive any commission or other form of compensation from the providers included in our 'Funds' presentation

Read our note

Commodities ETFs cross-section and key drivers • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Weight Perf. Momentum Vol. Risk Contrib. MDD
 
FlexShares Morningstar Global Upstream Natural Resources Index Fund GUNR NYSEARCA Developed Markets (incl.US) Natural Resources USD 38.25 4.4 B 13.6% 40.4% Neutral 20%   14% -12%
Invesco DB Agriculture Fund DBA NYSEARCA Commodities (Agriculture) Futures USD 17.68 317 M 7.7% 31.1% Neutral 13%   4% -9%
Invesco DB Base Metals Fund DBB NYSEARCA Basic Materials Basic Materials USD 19.50 101 M 8.4% 44.9% Neutral 19%   7% -8%
Invesco DB Oil Fund DBO NYSEARCA Commodities (Oil) Futures USD 12.43 245 M 7.9% 78.6% Weak Up 30%   12% -18%
iPath Bloomberg Copper Subindex Total Return ETN JJC NYSEARCA Industrial Metals Copper USD 20.97 14 M 8.1% 56.0% Neutral 25%   8% -13%
iPath Bloomberg Aluminum Subindex Total Return ETN JJU NYSEARCA Industrial Metals Aluminium USD 49.61 3.9 M 4.1% 40.8% Neutral 20%   2% -8%
SPDR® Gold Shares GLD NYSEARCA Commodities (Gold) Gold (Physical) USD 165.85 50 B 7.0% 2.2% Neutral 17%   2% -19%
Teucrium Corn Fund CORN NYSEARCA Commodities (Agriculture) Corn USD 19.65 67 M 7.5% 60.1% Neutral 26%   5% -16%
Teucrium Soybean Fund SOYB NYSEARCA Commodities (Agriculture) Soybeans USD 21.38 25 M 5.4% 52.7% Neutral 19%   3% -14%
United States Natural Gas Fund® LP UNG NYSEARCA Commodities (Natural Gas) Natural Gas USD 11.42 429 M 4.7% 12.7% Strong Up 51%   3% -41%
United States Oil Fund® LP USO NYSEARCA Commodities (Oil) Crude Oil USD 48.04 1.4 B 16.5% 72.2% Weak Up 32%   26% -18%
VanEck Vectors® Steel ETF SLX NYSEARCA Industrial Metals Steel USD 59.39 51 M 9.1% 114.3% Neutral 32%   14% -12%