A Strong Start for Commodities in 2026
- Through the first 57 trading days of the year, the Bloomberg Commodity Index had a total return of 18.76%. This was the highest level of returns in this period since 2022, when the index had a return of 30.32%.
Year-to-Date Returns for Commodities
- Of the 30 Bloomberg commodity subindexes charted below, 21 had positive YTD total returns.
- Each of the top-five subindexes with the largest YTD total returns were oil-related. Heating oil had the largest YTD total returns, at 85.04%.
Breaking Down Returns by Period
- 23 of the commodity indexes had negative total returns over the past 5 trading days, with the largest drawdown in WTI Crude Oil, at -7.29%.
Risk-Adjusted Returns
- The precious metals class, which includes gold, platinum, and silver, had a 1-year rolling Sharpe Ratio of 1.40. This was the highest of six commodity included in the chart below.
