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SPDR Gold Shares (GLD) and iShares Silver Trust (SLV) both provide direct physical exposure to precious metals through grantor trust structures rather than equity or futures-based strategies. GLD tracks the price of gold bullion with a 0.40% expense ratio, while SLV tracks silver bullion at a 0.50% expense ratio, resulting in a modest cost advantage for GLD.
BWET has surged roughly 84% over the past 30 days and more than 340% over the trailing three months. The fund provides unlevered exposure to crude oil tanker freight futures—not tanker company stocks and not the price of crude itself.
United States Oil Fund (USO) climbed roughly +24% over the last 30 days, reflecting a sharp rally in crude oil prices. Over the trailing quarter, the fund gained approximately +29% , extending a broader multi-month uptrend in energy markets.
Both SIVR and SLV are physically backed grantor trusts that provide direct exposure to the price of silver bullion by tracking the LBMA Silver Price. SIVR offers a lower expense ratio of 0.30% compared with SLV ’s 0.50%, resulting in lower ongoing costs for long-term holders.
Both GLD and SGOL are grantor trusts that provide direct exposure to physical gold bullion, tracking the LBMA Gold Price PM index minus expenses, with 100% allocation to allocated gold bars and no equity or sector holdings. GLD maintains significantly higher assets under management and trading volume, offering superior liquidity for large institutional trades, while SGOL emphasizes responsibly sourced post-2012 gold stored in London vaults.
SLV is down -4.64% in early regular-session trading, falling to $55.44 from a prior close of $58.14. The sell-off tracks a sharp slide in silver, with spot prices tumbling roughly -5% as traders dumped non-yielding precious metals.
GLD is trading down -3.38% to $380.11 during Monday's regular session, versus Friday's close of $393.41, as gold fell to its lowest level in more than seven weeks. The primary catalyst was oil-driven inflation fears: Brent crude jumped after President Trump rejected Iran's Strait of Hormuz reopening proposal, boosting bets on further Federal Reserve rate hikes.
UGA gained roughly 16.5% over the trailing 30 days, extending a stronger advance of about 45% over the prior quarter. The fund tracks front-month NYMEX RBOB gasoline futures, giving investors direct exposure to wholesale gasoline prices rather than broad energy equities.
SPDR Gold Shares (GLD) is a physically backed exchange-traded fund (ETF) that tracks the spot price of gold bullion rather than an index of equities. Over the past quarter, GLD has advanced roughly 6.5%, while the most recent 30 days brought a pullback of about 6.6% from its late-summer highs.
BWET fell -9.40% during regular trading, sliding to roughly $620 from a $684.29 prior-session close. The drop reflects a pullback in tanker freight futures as the market continues to price in de-escalation around the Strait of Hormuz.
BWET has surged roughly +96% over the last 30 days , rising from approximately $398 to around $780, as crude oil tanker freight futures hit historic highs. The move extends a multi-month uptrend : over the trailing three months, the fund is up roughly +272% from about $210.
The United States Gasoline Fund (UGA) gained roughly 16% over the trailing 30 days, tracking a sharp rally in near-month gasoline futures. The move extends a broader uptrend, with the fund up approximately 31% over the trailing quarter and more than 90% year to date.
BWET has roughly doubled over the trailing 30 days, advancing from about $379 to about $765 as crude-oil tanker freight futures repriced sharply higher. The fund tracks freight futures — not oil prices or shipping stocks — with roughly 90% of exposure in TD3C very large crude carrier (VLCC) contracts on the Middle East Gulf–to–China route.
Invesco DB Commodity Index Tracking Fund (DBC) and iShares S&P GSCI Commodity-Indexed Trust (GSG) both provide futures-based exposure to a diversified basket of commodities but differ in index methodology and energy weighting. DBC tracks the DBIQ Optimum Yield Diversified Commodity Index with an optimized roll strategy across 14 commodities, while GSG follows the production-weighted S&P GSCI Total Return Index with heavier energy concentration.
USO climbed roughly 15% over the trailing 30 days, from about $122 to a latest close near $141, as front-month WTI crude futures repriced a renewed Middle East supply-risk premium. The advance came off a depressed early-August base, when a brief de-escalation headline and an OPEC+ output increase triggered a sharp selloff in oil-linked assets.
GSG climbed roughly 12% over the trailing 30 days, carrying the fund about 21% higher over the past three months. The fund tracks the S&P GSCI Total Return Index, a production-weighted basket of 24 commodity futures contracts dominated by energy.
BWET gained roughly 76% over the trailing 30 days, extending a rally that has made it one of the strongest-performing U.S.-listed exchange-traded funds (ETFs) of the period. The fund tracks crude-oil tanker freight futures — approximately 90% VLCC and 10% Suezmax contracts — rather than oil prices or shipping equities.
The Breakwave Tanker Shipping ETF (BWET) has climbed roughly 65% over the last 30 days, extending a powerful multi-month rally in crude oil tanker freight futures. Over the trailing quarter, the fund has more than doubled, rising from about $159 in late May to a recent close near $425.
USO is a passively managed commodity pool that seeks to track the daily percentage changes of West Texas Intermediate (WTI) light, sweet crude oil through near-month NYMEX futures contracts, less fund expenses. The portfolio is concentrated in front-month crude oil futures and cash collateral held in money-market funds and U.S. Treasury bills, rather than in oil and gas company equities.
The iShares Silver Trust (SLV) advanced roughly 16% over the trailing 30 days, rebounding from a mid-July low near $50 to approximately $62.72. The rally was driven by a weaker U.S. dollar, a more dovish repricing of Federal Reserve rate expectations, and renewed safe-haven demand for precious metals.