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    Commodity ETFs and Funds

    GNG Research tracks 16 commodity ETFs and funds, ranked here by net assets, expense ratio and yield. The largest by net assets are SPDR Gold Shares ETF (GLD), iShares Gold Trust (IAU) and iShares Silver Trust (SLV).

    Prices and yields use the latest available records.

    Largest Commodity Funds

    Funds ranked by reported net assets.

    1. GLDSPDR Gold Shares ETF
      $140.80B
    2. IAUiShares Gold Trust
      $79.70B
    3. SLViShares Silver Trust
      $35.70B
    4. GLDMSPDR Gold MiniShares Trust
      $25.30B
    5. IAUMiShares Gold Trust Micro
      $7.60B
    6. SIVRabrdn Physical Silver Shares ETF
      $6.60B
    7. PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
      $5.00B
    8. PPLTabrdn Physical Platinum Shares ETF
      $3.40B
    9. BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF
      $2.30B
    10. USOUnited States Oil Fund
      $1.10B

    Lowest-Cost Commodity Funds

    Funds with at least $100M in net assets, ranked by net expense ratio.

    1. IAUMiShares Gold Trust Micro
      0.09%
    2. GLDMSPDR Gold MiniShares Trust
      0.10%
    3. IAUiShares Gold Trust
      0.25%
    4. BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF
      0.26%
    5. SIVRabrdn Physical Silver Shares ETF
      0.30%
    6. GLDSPDR Gold Shares ETF
      0.40%
    7. SLViShares Silver Trust
      0.50%
    8. PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
      0.59%
    9. PPLTabrdn Physical Platinum Shares ETF
      0.60%
    10. SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund
      0.60%

    Highest-Yield Commodity Funds

    Funds with at least $100M in net assets and a forward yield up to 25%.

    1. IAUINEOS Gold High Income ETF
      12.39%
    2. DBAInvesco DB Agriculture Fund
      3.22%
    3. DBPInvesco DB Precious Metals Fund
      2.65%
    4. PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
      2.56%

    Commodity Funds List

    All 16 commodity ETFs and funds GNG Research tracks, largest first by net assets.

    GLD SPDR Gold Shares ETFSPDR Gold Shares ETF$140.80BN/A
    IAU iShares Gold TrustiShares Gold Trust$79.70BN/A
    SLV iShares Silver TrustiShares Silver Trust$35.70BN/A
    GLDM SPDR Gold MiniShares TrustSPDR Gold MiniShares Trust$25.30BN/A
    IAUM iShares Gold Trust MicroiShares Gold Trust Micro$7.60BN/A
    SIVR abrdn Physical Silver Shares ETFabrdn Physical Silver Shares ETF$6.60BN/A
    PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETFInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF$5.00B2.56%
    PPLT abrdn Physical Platinum Shares ETFabrdn Physical Platinum Shares ETF$3.40BN/A
    BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETFabrdn Bloomberg All Commodity Strategy K-1 Free ETF$2.30BN/A
    USO United States Oil FundUnited States Oil Fund$1.10BN/A
    DBA Invesco DB Agriculture FundInvesco DB Agriculture Fund$746.20M3.22%
    SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 FundUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund$519.20MN/A
    IAUI NEOS Gold High Income ETFNEOS Gold High Income ETF$276.40M12.39%
    DBP Invesco DB Precious Metals FundInvesco DB Precious Metals Fund$240.80M2.65%
    KSLV Kurv Silver Enhanced Income ETFKurv Silver Enhanced Income ETF$89.80M32.30%
    PHYS Sprott Physical Gold TrustSprott Physical Gold TrustN/AN/A

    Showing 16 of 16 funds

    About Commodity Funds

    Commodity funds hold physical gold, silver and platinum, or futures on oil and baskets of commodities.

    Their prices follow the underlying commodities rather than company earnings.

    Research Commodity Funds

    Other Fund Categories

    Fund counts and median yields for every fund category: forward yields for ETF categories, trailing 12-month distribution yields for money market funds.

    CategoryFundsMedian yield
    Sector Equity ETFs and Funds1411.60%
    Diversified Equity ETFs and Funds1051.60%
    Fixed Income ETFs and Funds764.60%
    International Equity ETFs and Funds382.36%
    Cryptocurrency ETFs and Funds262.16%
    Alternative ETFs and Funds212.78%
    Commodity ETFs and Funds163.22%
    Money Market Fund Yields113.46%

    Frequently Asked Questions

    What are commodity ETFs?

    Commodity funds hold physical gold, silver and platinum, or futures on oil and baskets of commodities. GNG Research tracks 16 of them.

    What are the largest commodity ETFs?

    SPDR Gold Shares ETF (GLD), iShares Gold Trust (IAU) and iShares Silver Trust (SLV) are the largest commodity ETFs and funds GNG Research tracks, with $140.80B, $79.70B and $35.70B in net assets.

    Which commodity ETFs have the lowest expense ratios?

    Among commodity funds with at least $100 million in net assets, iShares Gold Trust Micro (IAUM), SPDR Gold MiniShares Trust (GLDM) and iShares Gold Trust (IAU) have the lowest expense ratios, at 0.09%, 0.10% and 0.25%.

    Which commodity ETFs pay the highest yields?

    Among commodity funds with at least $100 million in net assets and forward yields up to 25%, NEOS Gold High Income ETF (IAUI), Invesco DB Agriculture Fund (DBA) and Invesco DB Precious Metals Fund (DBP) have the highest forward yields, at 12.39%, 3.22% and 2.65%.

    All Commodities funds covered by GNG

    GLD SPDR Gold Shares ETFIAU iShares Gold TrustSLV iShares Silver TrustGLDM SPDR Gold MiniShares TrustIAUM iShares Gold Trust MicroSIVR abrdn Physical Silver Shares ETFPDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETFPPLT abrdn Physical Platinum Shares ETFBCI abrdn Bloomberg All Commodity Strategy K-1 Free ETFUSO United States Oil FundDBA Invesco DB Agriculture FundSDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 FundIAUI NEOS Gold High Income ETFDBP Invesco DB Precious Metals FundKSLV Kurv Silver Enhanced Income ETFPHYS Sprott Physical Gold Trust

    Market data is provided for informational purposes only and is not investment advice. GNG Research's proprietary safety, quality, and valuation scores are available to members on each stock page.

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