In this article, we discuss 5 best commodity ETFs. If you want to read our discussion on the commodities industry, head over to 10 Best Commodity ETFs.
5. abrdn Physical Precious Metals Basket Shares ETF (NYSE:GLTR)
5-year Share Price Performance as of March 14: 44.54%
abrdn Physical Precious Metals Basket Shares ETF (NYSE:GLTR), launched on October 21, 2010, aims to mirror the performance of physical gold, silver, platinum, and palladium prices, after deducting expenses. As of March 14, 2024, the fund has an expense ratio of 0.6% and assets under management totaling $940.70 million. abrdn Physical Precious Metals Basket Shares ETF (NYSE:GLTR) ranks 5th on our list of the best commodity ETFs.
4. iShares Silver Trust (NYSE:SLV)
5-year Share Price Performance as of March 14: 58.48%
iShares Silver Trust (NYSE:SLV), established on April 21, 2006, aims to generally reflect the performance of the price of silver, offering exposure to the day-to-day movement of silver bullion prices. Its reference benchmark is the LBMA Silver Price. As of March 14, 2024, the fund has net assets totaling $10.4 billion and charges a sponsor fee of 0.50%.
3. SPDR Gold Shares (NYSE:GLD)
5-year Share Price Performance as of March 14: 62.84%
SPDR Gold Shares (NYSE:GLD) provides investors with a secure and cost-efficient means to access the gold market. Originally listed on the New York Stock Exchange in November 2004 and traded on NYSE Arca since December 13, 2007, SPDR Gold Shares (NYSE:GLD) is the world’s largest physically backed gold ETF. As of March 14, 2024, the fund’s expense ratio stands at 0.40%. SPDR Gold Shares (NYSE:GLD) holds approximately 816.86 tonnes of gold, valued at around $56.7 billion as of March 14, 2024. SPDR Gold Shares (NYSE:GLD) is one of the best commodity ETFs to buy.
2. iShares Gold Trust (NYSE:IAU)
5-year Share Price Performance as of March 14: 64.17%
iShares Gold Trust (NYSE:IAU), launched on January 21, 2005, aims to generally mirror the performance of the price of gold, using the LBMA Gold Price as its reference benchmark. It offers investors exposure to the day-to-day movement of gold bullion prices, providing convenient and cost-effective access to physical gold. As of March 14, 2024, iShares Gold Trust (NYSE:IAU) has net assets totaling nearly $27 billion, featuring a sponsor fee of 0.25%. iShares Gold Trust (NYSE:IAU) is one of the best commodity ETFs to invest in.
1. Global X Uranium ETF (NYSE:URA)
5-year Share Price Performance as of March 14: 117.21%
Global X Uranium ETF (NYSE:URA) offers efficient exposure to uranium mining and nuclear component production, reflecting a targeted approach to this sector. With the advantage of zero direct emissions during operation, nuclear power serves as a potential bridge while renewable capacity expands. Established on November 4, 2010, Global X Uranium ETF (NYSE:URA) provides convenient access to a basket of relevant companies in a single trade. As of March 14, 2024, the fund’s net assets came in at $2.72 billion, with a net expense ratio of 0.69% and a portfolio of 48 stocks. Global X Uranium ETF (NYSE:URA) is one of the best commodity ETFs to monitor.
Uranium Energy Corp. (NYSE:UEC) is one of the top holdings of Global X Uranium ETF (NYSE:URA). Uranium Energy Corp. (NYSE:UEC) is involved in the exploration, pre-extraction, extraction, and processing of uranium and titanium concentrates across the United States, Canada, and Paraguay.
According to Insider Monkey’s fourth quarter database, 21 hedge funds were long Uranium Energy Corp. (NYSE:UEC), compared to 18 funds in the last quarter. Richard Driehaus’ Driehaus Capital is the largest stakeholder of the company, with approximately 9 million shares worth $57.5 million.
Follow Uranium Energy Corp (NYSEMKT:UEC)
Follow Uranium Energy Corp (NYSEMKT:UEC)
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