The Best-Performing Commodity ETFs of 2026: Oil and Broad Baskets Lead the Pack

The year 2026 has been marked by strong performance of commodity ETFs, with oil and broad baskets leading the pack. Crude oil has driven the year's biggest gains, and futures baskets that lean on energy have followed suit. Precious metals, on the other hand, have been digesting an enormous prior-year run, with gold close to flat and silver giving back ground since the spring.

Uranium equities have also cooled down. USO (United States Oil Fund) has returned roughly 103.9% year to date and about 88.4% over the trailing year, making it the strongest performing major commodity fund. PDBC (Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF) and DBC (Invesco DB Commodity Index Tracking Fund) have also performed well, with returns of 43.8% and 42.8% year to date respectively.

URA (Global X Uranium ETF) has only gained 2.8% year to date and fallen 13% over the past three months. Gold's big move occurred earlier in the year, with GLD (SPDR Gold Shares) essentially flat in 2026 but still showing a 24.7% trailing-year gain. Silver, on the other hand, has had a volatile year, with SLV (iShares Silver Trust) down about 10.1% year to date and PSLV (abrdn Physical Silver Shares ETF) a lower-cost alternative at 0.30%.