What is a commodity ETF?

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In short
  • As of Nov 4, 2026, ETFIQ covers 68 commodity ETFs, and 46 get their exposure through futures while 11 own the metal itself.

In plain words

A commodity ETF gives exposure to things like gold, oil or wheat. A physical fund owns the metal in a vault. A futures fund owns contracts for later delivery and rolls them forward before they expire.

Of the funds read, 46 use futures and 11 own metal. A physical fund follows spot less fees; a futures fund also gains or loses on the cost of rolling. The median fee across 68 funds is 0.65%. ETFIQ shows each against the benchmark it names.

Questions

What is rolling?

Swapping an expiring futures contract for a later one. The cost of doing so can raise or lower the fund’s result.

Does a gold ETF own gold?

Many do, in a vault. ETFIQ reads the ounces and the fair value from the trust’s filing.

Are commodity ETFs diversifiers?

Their moves differ from stocks, but not always. ETFIQ shows the correlation for alternatives funds.

Cite this pageCitation, APA and Markdown

ETFIQ, What is a commodity ETF?, data as of Nov 4, 2026. https://etfiq.com/learn/what-is-a-commodity-etf

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Free to use with attribution for ETFIQ’s data. Not investment advice.

Not investment advice. ETFIQ is independent and makes no recommendations.