Global X Commodity Strategy ETF

COMD

Market cap $3.04M

Gold — the commodity most investors associate with the category — doesn't currently appear at all in one broad commodities fund's portfolio. Refined fuel contracts top the lineup instead.

Commodities delivered a volatile but strong start to 2026, with the Bloomberg Commodity Total Return Index rising +24.4% in the first quarter. COMD returned +9.37% (NAV return) since inception on February 10, 2026, versus a +15.44% gain in the benchmark Bloomberg Commodity Total Return Index, resulting in -6.06% of relative underperformance. We remain constructive on commodities, with the asset class once again demonstrating its role as both a potential portfolio diversifier and an effective hedge against inflation in the first quarter.