With the drubbing the commodities complex has taken this year, finding a multiple commodities exchange traded products with which to build a “best of” list would appear to be a daunting task.
The major physically backed gold and silver ETFs are down 27.4% and 35%, respectively, and two gold funds are among the 10 worst in terms of 2013 outflows. On Thursday, gold tested its second-quarter lows and despite an improving global economy, the industrial demand thesis has not worked in silver’s favor this year. [Trying to Find a Bottom for Gold]
Despite the pounding endured by the precious metals, this year has not been a disaster for all commodities ETFs. Some of have delivered pleasant upside surprises and, yes, some have even generated double-digit returns.
What follows is the list of 2013’s commodity ETFs and ETNs. Please be advised that none of these products are equity-based.