The choices you have when it comes to investing in commodities are exploding. We’ve laid out the differences between the various types of commodity exchange traded funds (ETFs) – futures, physically-backed, equities – but let’s talk about the pros and cons of getting commodity exposure in ETFs and mutual funds.

Two of the most promising options for investors seeking exposure to the world of commodity producers are the Market Vectors-RVE Hard Assets Producer ETF (NYSEArca: HAP) and the Fidelity Global Commodities Stock Fund (NYSE: FFGCX). So which fund is more likely to come out ahead? [4 Commodity ETF Types.]

Don Dion for The Street breaks it down. Both funds are relatively new to the markets. HAP is the older of the two, making its first appearance in late August 2008. FFGCX made it to market in March 2009.

FFGCX boasts $392 million assets under management while HAP has $100 million.