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March 2, 2021, 12:10 p.m. EST

Commodities ETFs outperform as stocks retreat

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    United States Copper Index Fund (CPER)
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    Invesco Actively Managed Exchange-Traded Commodity Fund Trust (PDBC)
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    United States Commodity Index Fund (USCI)

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By Andrea Riquier

Commodities exchange-traded funds rallied Tuesday as stocks slumped after their best one-day performance since June. The United States Copper Index Fund /zigman2/quotes/209911430/composite CPER +1.89% and the Invesco Optimum Yield Diversified Commodity Strategy No K1 Fund /zigman2/quotes/207481984/composite PDBC +2.50% both gained 1.3% midday, while the United States Commodity Index Fund /zigman2/quotes/208934437/composite USCI +2.14% was up 1.2%. Continued investor interest in commodities signals a belief that the economic recovery is still underway, even if stocks are taking a breather. In the year to date, the copper ETF noted here is up 18.4%, and the Invesco diversified commodity fund has gained 14.4%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.41% is up 3.5%.

/zigman2/quotes/209911430/composite
US : U.S.: NYSE Arca
$ 25.38
+0.47 +1.89%
Volume: 235,340
April 14, 2021 3:59p
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/zigman2/quotes/207481984/composite
US : U.S.: Nasdaq
$ 18.04
+0.44 +2.50%
Volume: 4.97M
April 14, 2021 4:00p
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/zigman2/quotes/208934437/composite
US : U.S.: NYSE Arca
$ 36.82
+0.77 +2.14%
Volume: 17,297
April 14, 2021 4:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,124.66
-16.93 -0.41%
Volume: 2.09B
April 14, 2021 5:15p
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