# Cheapest Commodity ETFs to Trade: Bid-Ask Spreads

> FXY leads cheapest commodity ETFs to trade at 0.010% (cost to trade), as of Oct 22, 2026. 25 funds from ETFIQ’s own published figures.

Data as of Oct 22, 2026. Rebuilt every trading night.

As of Oct 22, 2026 . Rebuilt every trading night.

## 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.

| # | 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 |

### 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 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.

### 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.

### Where to next

### Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

---

Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: 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
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/rankings/trading-cheapest-commodity-etfs-to-trade