Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary
Research > ETFs > ETF / ETP Commentary > 

Commodities Trade Still Has Gas in Its Tank

BY | ETF Database
8:07 am ET 08/05/26 | 9 VIEWS
With gold and silver slumping and oil surging, it’s been an interesting, if not turbulent seven months for commodities. Those are the breaks, when getting involved with futures and spot markets.For many investors, the most practical way of accessing commodities is via equities. That task is made easier thanks to ETFs such as the actively managed ALPS CoreCommodity Natural Resources ETF (CCNR ). CCNR gained 3.67% last month, extending its 2026 gain to north of 16%. That doesn’t mean this ETF’s run is over. In fact, this ETF has the wind at its back entering the final five months of 2026. “Renewed tensions in the Middle East strengthen the case for broad commodity exposure as both a source of return and an inflation hedge,” according to UBS. “Energy can help buffer portfolios if shipping or production disruptions persist, industrial metals should stay supported by investment in AI and electrification. Agricultural commodities have upside potential given El Niño-related risks, while gold remains a useful strategic diversifier.”CCNR Can Continue DeliveringCCNR allocates about 76% of its portfolio to energy and materials stocks. Regarding the former, the near-term issue is what becomes of the war in Iran. Should a lasting peace deal finally be reached, oil prices would likely decline, weighing on energy stocks in the process. Looking further out, that could actually be beneficial because high prices are demand-destructive. Another potential catalyst for CCNR, namely the ETF’s materials sleeve, would be renewed enthusiasm for the artificial intelligence (AI) trade. “AI infrastructure and electrification underpin the long-term outlook of industrial metals such as copper,” added UBS. Indeed, the factors mentioned above highlight some level of headline risk, but that underscores the benefits of the broad, active approach employed by CCNR. At a minimum, this ETF may be a better commodities bet for most investors than selecting individual commodities or stocks at a time when commodity markets can turn on a dime. “Commodities will continue to play a prominent role in portfolios, in our view, offering diversification amid supply-demand imbalances, geopolitical risks, and the global energy transition. We like broad commodity exposure, with an active approach amid still elevated volatility,” noted UBS. Another point in favor of CCNR is that the fund is geographically diverse. It allocates more than 69% of its weight to ex-US stocks — a trait to consider for investors that are heavily exposed to domestic growth equities. For more news, information, and analysis, visit the ETF Building Blocks Content Hub.

More Commentary

Non-U.S. Tech Growth Outpaces U.S., Thornburg Says
BY | ETF Database
9:37 am ET 08/05/26 | 3 VIEWS
Cloud & E-Commerce Gains Lift OGIG in July
BY | ETF Database
9:54 am ET 08/05/26 | 2 VIEWS
If China Stocks Are Back in Style, CWEB Can Surge
BY | ETF Database
8:39 am ET 08/05/26 | 12 VIEWS
View more Commentary

Search Commentary

Enter Keyword(s)
Filter Results

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.