All 30 US · Commodities funds in the SeeFund pool, ranked by annualised return over the window shown. Dividends reinvested, fund fees already deducted. Data as of 2026-09-22 — every figure on this page is history, not a forecast.
| # | Fund | Return a year | Total return | Sharpe | Worst drop | Fee | Years |
|---|---|---|---|---|---|---|---|
| 1 | IAUM iShares Gold Trust Micro | +18.9% | +146.8% | 1.14 | -26.3% | — | 5.2 |
| 2 | UGA United States Gasoline Fund LP | +18.6% | +450.2% | 0.48 | -75.9% | — | 10.0 |
| 3 | AAAU Goldman Sachs Physical Gold ETF | +17.4% | +266.4% | 1.09 | -26.3% | — | 8.1 |
| 4 | GLDM SPDR Gold MiniShares Trust | +16.1% | +242.9% | 1.02 | -26.3% | — | 8.2 |
| 5 | BNO United States Brent Crude Oil Fund | +15.3% | +313.9% | 0.40 | -75.2% | — | 10.0 |
| 6 | IGLD FT Vest Gold Strategy Target Income ETF | +12.7% | +94.3% | 0.95 | -23.8% | — | 5.6 |
| 7 | SIVR abrdn Physical Silver Shares ETF | +12.6% | +228.1% | 0.42 | -52.3% | — | 10.0 |
| 8 | SDCI Uscf Summerhaven Dynamic Commodity Strategy NO K-1… | +12.4% | +166.7% | 0.75 | -45.8% | — | 8.4 |
| 9 | SLV iShares Silver Trust | +12.4% | +221.3% | 0.41 | -52.3% | — | 10.0 |
| 10 | SGOL abrdn Physical Gold Shares ETF | +12.3% | +219.4% | 0.81 | -26.3% | — | 10.0 |
| 11 | IAU iShares Gold Trust | +12.3% | +218.2% | 0.81 | -26.4% | — | 10.0 |
| 12 | CEF Sprott Physical Gold and Silver Trust | +12.2% | +217.0% | 0.60 | -34.1% | — | 10.0 |
| 13 | OUNZ VanEck Merk Gold Trust | +12.2% | +216.4% | 0.80 | -26.3% | — | 10.0 |
| 14 | GLD SPDR Gold Shares ETF | +12.1% | +213.6% | 0.79 | -26.4% | — | 10.0 |
| 15 | PHYS Sprott Physical Gold Trust | +11.5% | +197.5% | 0.72 | -26.8% | — | 10.0 |
| 16 | GLTR abrdn Physical Precious Metals Basket Shares ETF | +11.4% | +194.1% | 0.63 | -37.9% | — | 10.0 |
| 17 | PSLV Sprott Physical Silver Trust | +11.1% | +186.3% | 0.37 | -50.8% | — | 10.0 |
| 18 | DBP Invesco DB Precious Metals Fund | +10.9% | +182.4% | 0.64 | -33.3% | — | 10.0 |
| 19 | USCI United States Commodity Index Fund | +10.1% | +160.6% | 0.66 | -45.8% | — | 10.0 |
| 20 | DBC Invesco DB Commodity Index Tracking Fund | +10.0% | +160.2% | 0.59 | -41.7% | — | 10.0 |
| 21 | COMT iShares Gsci Commodity Dynamic Roll Strategy ETF | +9.8% | +154.6% | 0.56 | -39.2% | 0.48% | 10.0 |
| 22 | PDBC Invesco Optimum Yield Diversified Commodity… | +9.7% | +152.8% | 0.57 | -40.7% | — | 10.0 |
| 23 | BCD abrdn Bloomberg ALL Commodity Longer Dated Strategy… | +9.5% | +136.4% | 0.73 | -29.8% | — | 9.5 |
| 24 | GSG iShares S&P Gsci Commodity-Indexed Trust | +9.4% | +144.7% | 0.43 | -57.6% | — | 10.0 |
| 25 | RAAX VanEck Real Assets ETF | +9.2% | +109.7% | 0.63 | -33.9% | — | 8.4 |
| 26 | FTGC First Trust Global Tactical Commodity Strategy Fund | +8.8% | +132.9% | 0.65 | -35.9% | 0.98% | 10.0 |
| 27 | CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | +8.6% | +101.0% | 0.62 | -31.2% | 0.28% | 8.5 |
| 28 | BCI abrdn Bloomberg ALL Commodity Strategy K-1 Free ETF | +7.9% | +105.6% | 0.55 | -32.7% | — | 9.5 |
| 29 | USO United States Oil Fund | +5.5% | +71.0% | 0.13 | -86.8% | — | 10.0 |
| 30 | DBA Invesco DB Agriculture Fund | +4.9% | +61.5% | 0.44 | -35.3% | — | 10.0 |
IAUM (: +18.9% a year) sits at the top of this table and DBA (+4.9% a year) at the bottom. The order is arithmetic over past data — it is not a judgement about which fund is better, and past performance does not predict future results.
| Fund | Deepest drop | Peak → trough |
|---|---|---|
| USO | -86.8% | 2018-10-03 → 2020-04-28 |
| UGA | -75.9% | 2018-10-01 → 2020-03-24 |
| BNO | -75.2% | 2018-10-03 → 2020-04-28 |
| GSG | -57.6% | 2018-10-03 → 2020-04-28 |
| SLV | -52.3% | 2026-01-28 → 2026-07-16 |
The deepest fall in this group was USO, down -86.8% from 2018-10-03 to 2020-04-28. It sits at position 29 in the return table — a reminder that the two questions "what did it return" and "how bad did it get" have different answers.
Expense ratios in this group run from 0.28% to 0.98% a year (median 0.48%). Fees are already deducted from every return above — a fund does not have to be expensive to be interesting, and a cheap one is not automatically better.
It is not investment advice, not a suggestion of what to buy, and not a forecast. A fund appears here because it is in our pool, and the ordering is arithmetic. Past performance is not a reliable indicator of future results.
Related: all rankings · IAUM fund page · compare funds