ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Beyond Basic Beta Channel
  2. Commodities, Shipping Among Last Week’s Top Performers
Beyond Basic Beta Channel
Share

Commodities, Shipping Among Last Week's Top Performers

Nick Peters-GoldenMar 06, 2023
2023-03-06

The COVID-19 virus may still be with us, but the economic impacts of the pandemic that raged around the world have continued to recede – most recently in terms of shipping costs. Despite ongoing inflation, shipping rates are expected to dip back below even the levels they reached before the pandemic, with the Breakwave Dry Bulk Shipping ETF (BDRY ) one of the top performers last week among ETFs.

Top Performing Unleveraged ETFs Last Week

These were last week’s top performing ETFs. We’ve excluded funds which use leverage or make inverse bets on their underlying assets.

TickerName1 Week Return
(BDRY )Breakwave Dry Bulk Shipping ETF18.11%
(UNG B-)United States Natural Gas Fund LP16.37%
(GAZ C)iPath Series B Bloomberg Natural Gas Subindex Total Return ETN15.59%
(UNL A)United States 12 Month Natural Gas Fund LP10.97%
(COPX B+)Global X Copper Miners ETF9.94%
(XME A-)SPDR S&P Metals & Mining ETF9.83%
(COPJ )Sprott Junior Copper Miners ETF9.67%
(KWEB B)KraneShares CSI China Internet ETF9.48%
(SILJ C+)ETFMG Prime Junior Silver Miners ETFMG Prime Junior Silver Miners Fund9.33%
(SLX B+)VanEck Steel ETF9.13%


Content continues below advertisement

BDRY returned 18.1% over the last week, the top return based on Factset data available to VettaFi. BDRY charges 285 basis points to track an index of long-only exposure to the nearest calendar quarter of dry bulk freight futures contracts on specified futures. Dry bulk shipping is a key part of the global commodities market, which by no coincidence was the focus of most of the rest of the top ten performing ETFs of the week in areas like mining and energy.

That commodities spike may be attributable in part to China’s reopening, reigniting once again one of the biggest markets for global commodities. Among the beneficiaries over the last week were ETFs like the United States Natural Gas Fund LP (UNG B-) and its sibling, the United States 12 Month Natural Gas Fund LP (UNL A) returned 16.4% and 11% respectively in that time.

Meanwhile, mining strategies like the Global X Copper Miners ETF (COPX B+), the SPDR S&P Metals & Mining ETF (XME A-), the Sprott Junior Copper Miners ETF (COPJ ), and the VanEck Steel ETF (SLX B+) took many of the spots in the top ten returning 10%, 9.8%, 9.7%, and 9.1% respectively. While copper itself may be more tied to tech areas given its use in computer hardware and semiconductors, the performance particularly of the steel ETF SLX suggests a strong floor for metals demand overall.

Whether the trend in commodities demand can continue will depend on broader economic conditions, but for those investors intrigued by the prospect of continued hunger for metals and fuel, it may be worth looking at the top performers last week for a list of options.

For more news, information, and analysis, visit the Beyond Basic Beta Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X