Trading · ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among commodity ETFs

Cheapest commodity ETFs to trade

As of Oct 22, 2026, FXY’s 30-day median bid-ask spread is 0.02%, so a $10,000 order costs $1.00 one way. See 25 funds ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among commodity ETFs. Updated Oct 22, 2026.

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Cheapest commodity ETFs to trade
#	Ticker	Fund	Score	Tier	Cost to trade ↑	At $10,000	Full cost to own · 1 yr	Fee	Flags	Net assets
1	FXY	Invesco CurrencyShares Japanese Yen Trust	Not scored	No tier	0.010%	$1.00	Not measured	0.40%	None	$435m
2	FXE	Invesco CurrencyShares Euro Currency Trust	Not scored	No tier	0.010%	$1.00	Not measured	0.40%	None	$331m
3	HGER	Harbor Commodity All-Weather Strategy ETF	Not scored	No tier	0.015%	$1.50	Not measured	0.68%	None	$5.0bn
4	FTGC	First Trust Global Tactical Commodity Strategy Fund	Not scored	No tier	0.015%	$1.50	Not measured	0.98%	None	$3.4bn
5	DBC	Invesco DB Commodity Index Tracking Fund	Not scored	No tier	0.015%	$1.50	Not measured	0.83%	None	$2.0bn
6	UUP	Invesco DB USD Index Bullish Fund ETF	Not scored	No tier	0.015%	$1.50	Not measured	0.69%	None	$494m
7	FXF	Invesco CurrencyShares Swiss Franc Trust	Not scored	No tier	0.015%	$1.50	Not measured	0.40%	None	$369m
8	BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	Not scored	No tier	0.020%	$2.00	Not measured	0.26%	None	$3.5bn
9	DBA	Invesco DB Agriculture Fund	Not scored	No tier	0.020%	$2.00	Not measured	0.83%	None	$1.3bn
10	DBB	Invesco DB Base Metals Fund	Not scored	No tier	0.020%	$2.00	Not measured	0.70%	None	$321m
11	DBO	Invesco DB Oil Fund	Not scored	No tier	0.020%	$2.00	Not measured	0.73%	None	$283m
12	FXA	Invesco CurrencyShares Australian Dollar Trust	Not scored	No tier	0.020%	$2.00	Not measured	0.40%	None	$94m
13	FXC	Invesco CurrencyShares Canadian Dollar Trust	Not scored	No tier	0.020%	$2.00	Not measured	0.40%	None	$66m
14	PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	Not scored	No tier	0.025%	$2.50	Not measured	0.59%	None	$7.9bn
15	UDN	Invesco DB USD Index Bearish ETF	Not scored	No tier	0.030%	$3.00	Not measured	0.68%	None	$98m
16	OILK	ProShares K-1 Free Crude Oil ETF	68	Liquid with care	0.050%	$5.00	1.04%	0.70%	None	$247m
17	FXB	Invesco CurrencyShares British Pound Sterling Trust	Not scored	No tier	0.050%	$5.00	Not measured	0.40%	None	$103m
18	BCD	abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF	Not scored	No tier	0.090%	$9.00	Not measured	0.30%	None	$443m
19	FAAR	First Trust Alternative Absolute Return Strategy ETF	Not scored	No tier	0.10%	$11	Not measured	0.98%	None	$248m
20	ACOM	Harbor Active Commodity ETF	Not scored	No tier	0.12%	$12	Not measured	0.93%	None	$7m
21	DBP	Invesco DB Precious Metals Fund	Not scored	No tier	0.14%	$14	Not measured	0.71%	None	$210m
22	DBE	Invesco DB Energy Fund	Not scored	No tier	0.14%	$14	Not measured	0.76%	None	$147m
23	KCCA	KraneShares California Carbon Allowance Strategy ETF	Not scored	No tier	0.24%	$25	Not measured	0.95%	None	$121m
24	BDRY	Breakwave Dry Bulk Shipping ETF	Not scored	No tier	0.34%	$35	Not measured	4.12%	None	$27m
25	BWET	Breakwave Tanker Shipping ETF	Not scored	No tier	0.46%	$46	Not measured	4.68%	None	$172m

Cheapest commodity ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among commodity ETFs, as of Oct 22, 2026. Scores and tiers as of Oct 22, 2026. Cost to trade is one way for a $10,000 order, half the issuer’s median spread over the 30 days to Oct 22, 2026. Full cost to own is for $10,000 held a year, with the median premium over 12 months to Oct 22, 2026. Source: ETFIQ.

Method

Every ETF ETFIQ places among commodity ETFs whose issuer states a 30-day median bid-ask spread, by the cost to trade a $10,000 order one way: half that spread. A tie is broken by net assets. 25 of the 4,708 ETFs that may be listed qualify tonight.

The rest of the method

The IQ Liquidity Score measures trading conditions, not the fund, and no list here is a recommendation. The list sorts one published figure, with no scoring or weighting. Too new and closing funds are left out, as are funds no longer listed.

How these figures are computed →Standards and sources →

Where to next

ETF trading costs and liquidity→How the IQ Liquidity Score is built→Most liquid ETFs100 →Most liquid small ETFs53 →Low-volume ETFs with deep liquidity6 →ETFs whose full cost to own is far above the fee8 →Widest ETF premiums and discounts, last 30 days100 →ETFs with the most days more than 1% from NAV100 →ETFs with one active authorized participant100 →ETFs with the most authorized participants100 →The trading score file→

Where these figures came from

Rule 6c-11, what every ETF must publish daily: its spread, premium and holdings ↗SEC EDGAR, full-text search of fund filings ↗SEC Form N-PORT, what a fund filed it holds ↗Rule 19a-1, what a distribution notice must say ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A ranking is not a recommendation or an opinion.

Questions people ask

What does an ETF’s bid-ask spread cost?

Half the spread each way, on average, when you trade at the quote. A limit order at the midpoint plus half the spread caps it.

Which ETF tops this list as of Oct 22, 2026?

FXY, at 0.010% one way, $1.00 on $10,000, from a 30-day median spread of 0.02% to Oct 22, 2026.

Cite this pageCitation, APA and Markdown

ETFIQ, Cheapest commodity ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among commodity ETFs, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-cheapest-commodity-etfs-to-trade

Open data →

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.