Commodities had a rather mixed month in April. The crash in oil prices meant that the United States Oil Fund LP (USO) was down a staggering 43.23%, the Aberdeen Standard Physical Palladium Shares ETF (PALL) fell by 16.88% and the iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) decreased by 10.31%. At the other end of the spectrum, the United States Gasoline Fund LP (UGA) was up 22.83%, followed by the iPath Series B Bloomberg Cotton Subindex Total Return ETN (BAL) and the Aberdeen Standard Physical Platinum Shares ETF (PPLT), up 14.33% and 9.01%, respectively. Flows were led by the SPDR Gold Trust (GLD), which pulled in $4.8 billion, while USO—despite its plunge—gained $3.8 billion and the iShares Silver Trust (SLV) gained $264.1 million. In terms of outflows, the First Trust Global Tactical Commodity Strategy Fund (FTGC) lost a modest $20.1 million, while the iShares S&P GSCI Commodity Indexed Trust (GSG) dropped $13.2 million and the iPath Bloomberg Commodity Index Total Return ETN (DJP) lost $9.5 million. Sources: Bloomberg and FactSet. Data from 4/30/2019 to 4/30/2020. ETFs chosen to represent each sector based on the most liquid ETF in each segment of the ETF.com ETF Classification System.