As April transitioned to May, market volatility has experienced a spike. Nevertheless, equities-based exchange traded funds (ETFs) are still attracting heavy investment while precious metals were the biggest losers.

In the period between April 27 and May 4, iShares Silver Trust (NYSEArca: SLV) experienced $1.1 billion in net redemptions and SPDR Gold Shares (NYSEArca: GLD) lost $480 million. [Silver ETF Saw Nearly 100% Turnover on Thursday.]

Investors threw $5.0 billion into U.S. equities and un-leveraged long fixed-income ETFs gained $1.3 billion in additional investments while commodity ETFs saw net outflows of $1.7 billion, with precious metals experiencing $1.4 billion in outflows for that period.

Nicholas Colas, ConvergEx Group chief market strategist, remarks that despite the uptick in volatility, investors have stayed within the markets. ETF inflows were up around $6.8 billion in the period, with inverse ETF products gaining around $300 million of the total inflows.

For more information on commodities, visit our commodity ETFs category.

Max Chen contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.