##  [# The Best-Performing Commodity ETFs of the Year](/sections/news/best-performing-commodity-etfs-year-0) 

 

# The Best-Performing Commodity ETFs of the Year

 

 

The top-performing funds have delivered strong gains.



 

 

 

 

 [![sumit](/sites/default/files/styles/author_image_icon/public/2023-03/Sumit_0.png?itok=SO-7S5SH "sumit")](/authors/sumit-roy) 

[By Sumit Roy ](/authors/sumit-roy)

 Dec 12, 2024

 Edited by: Kiran Aditham

 

 

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In a banner year for financial assets, performance for commodity ETFs has been just “okay.” The [**WisdomTree Enhanced Commodity Strategy Fund (GCC)**](/GCC), the best performing broad commodity ETF of the year, rose 17.5% in the year-to-date period through Dec. 11.  
  
Meanwhile, the largest ETF in the broad commodities category, the $4.3 billion [**Invesco Optimum Yield Diversified Commodity ETF (PDBC)**](/PDBC), rose a mere 2% in that period.  
  
Weakness in major commodities like crude oil, natural gas, wheat, and soybeans has weighed on the group as a whole.  
  
On the other hand, robust performance for precious metals like gold has acted as a tailwind for the group, offsetting the losses in other commodities.

## Gold Overperforms in Commodities Trading

Such varying performance in typical in commodities markets. Outside of periods of big economic shifts, individual commodities tend to do their own thing.  
  
This year, tepid demand growth has weighed on oil prices, while strong demand for gold from central banks has boosted prices of the yellow metal.  
  
Indeed, many of the top performing commodity ETFs this year are gold ETFs. Most gold funds, including the [**SPDR Gold Trust (GLD)**](/GLD), were up between 31% and 32% in the year-to-date period through Dec. 11.  
  
The only group of commodity ETFs to perform better (excluding leveraged and inverse ETFs) is silver funds.  
  
The [**iShares Silver Trust (SLV)**](/SLV) is up just over 33% so far this year.  
  
However, unlike gold, which is at record highs, at $31/oz, silver is still far off its all-time highs of around $50.  
  
Outside of precious metals, ETFs tied to base metals have also done decently. The [**Invesco DB Base Metals Fund (DBB)**](/DBB) is up 11.5% this year, while the [**United States Copper Index Fund (CPER)**](/CPER) is up by 10.2%.  
  
Interestingly, the [**United States Oil Fund (USO)**](/USO) and the [**United States Brent Oil Fund (BNO)**](/BNO) are up 10% and 8%, respectively, even though the price of oil is down this year.  
  
Futures contracts for both oil benchmarks have been in backwardation this year, boosting returns for ETFs that roll their positions from one contact to the next.

 
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 [ Sumit Roy Senior ETF Analyst ](/authors/sumit-roy) 

 

 

  Sumit Roy is the senior ETF analyst for etf.com and author of (Don't) Invest Like a Pro. He creates a variety of content for the platform, including…   [View Bio](/authors/sumit-roy)

 



 

 


 Related Topics  [Commodities](http://www.etf.com/topics/commodities) 

 [Gold](http://www.etf.com/topics/gold) 

 [Silver](http://www.etf.com/topics/silver) 

 [Oil](http://www.etf.com/topics/oil)