With the inflation we’ve all been seeing, May was a great month to be a commodities ETF. Many ETFs saw gains this past month and many were boosted +10% or more. The three commodity ETFs that saw the biggest increase in May are: the iShares MSCI Chile ETF (ECH) +19.7%, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) +17.3%, and the Energy Select Sector SPDR ETF (XLE) +16%.
May Was A Good Month For Commodity ETFs
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These rapid increases can be attributed to the commodities these ETFs hold becoming more desirable such as materials, oil, and gasoline which have all increased due to inflation and the conflict in Ukraine causing supply chain issues.