A month is a long time in politics and investing – even in that shortest of months, February. Let’s look at three of the best performing commodity ETFs over the last four weeks.
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The Invesco DB Oil Fund (DBO), the Teucrium Soybean Fund (SOYB) and the SPDR Gold Shares ETF (GLD).
DBO
The Invesco DB Oil Fund is a unique exchange-traded fund that provides investors with focused exposure to the crude oil market. The fund seeks to track changes in the level of the DBIQ Optimum Yield Crude Oil Index Excess Return, plus the interest income from the fund’s holdings of primarily US Treasury securities and money market income, minus expenses. This approach aims to mitigate the adverse effects of contango and enhance returns.
It has $236.15 million in Assets under Management. Over the last month, it is up 9.63%.
SOYB
The Teucrium Soybean Fund offers investors the chance to gain targeted exposure to the agricultural sector, specifically focusing on the soybean market. Soybeans are a crucial component in everything from animal feed to biodiesel production.
SOYB strategically invests in soybean futures contracts and is aimed at those looking to hedge against inflation, bet on agricultural commodity trends, or simply participate in the growth potential of a market that is influenced by a multitude of global factors, including weather patterns, trade policies, and technological advancements in agriculture.
It has $40.52 million in Assets under Management. Over the last month, it is up 6.98%.
GLD
This ETF is uniquely positioned within the Physically Held niche, meaning that it is backed by actual gold bullion stored in secure vaults. It tracks the LBMA Gold Price PM ($/ozt) index.
Over the last month it is up 2.13%.