Tag Archives: commodities
Measuring Liquid Commodities through Changing Markets
How does a commodity index track liquid futures while seeking to address inflation and volatility in global markets? Look inside the DJCI 3 Month Forward – Quarterly Reweight, a rules-based index that emphasizes diversification and liquidity through a methodology with four distinct elements.
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A New Take on Commodities: Inside the Dow Jones Commodity Index 3 Month Forward – Quarterly Reweight
In this blog, we introduce the Dow Jones Commodity Index 3 Month Forward – Quarterly Reweight (DJCI 3MQT). Launched in August 2025, the DJCI 3MQT is a variant of the Dow Jones Commodity Index (DJCI). The DJCI 3MQT has historically outperformed the S&P GSCI and the Bloomberg Commodity Index (BCOM): over the 10-year period ending…
- Categories Commodities
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Beyond the Bullion: Market Trends in Global Gold Production
Gold Producers in a Shifting Macro Landscape Gold’s break above USD 3,000 per ounce in Q1 2025—a roughly 40% increase since year-end 2023—is a reflection of the revived interest in mining companies amid economic uncertainty and geopolitical risks.1 The S&P Commodity Producers Gold Index has responded with a 64% total return over the past 12…
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Essential Metal Awakening
In a world reminiscent of “Blade Runner,” where the quest for new innovative energy technologies mirrors the search for synthetic life, essential metals have become a crucial aspect of the energy transition conversation. The S&P Global Essential Metals Producers Index can play a pivotal role in understanding this transition, as it measures the performance of…
- Categories Commodities, Thematics
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From Cocoa to Gold: The S&P GSCI’s Top Performers in 2024 and Seasonal Trends in 2025
Following the close of 2024, the S&P GSCI continued its strong performance into the new year, ending January 2025 up 3.3%. As we move deeper into Q1, we dig into the reasons behind the S&P GSCI’s leaders and laggards in 2024 and the seasonality inherent to commodity futures performance. In 2024, the top three performers…
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- Commodities
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Introducing the S&P Commodity Risk Premia Diversifier TCA Index
The author would like to thank Arlene Habib for her contributions to this blog. Diversification is a foundational principle within asset allocation, as it seeks to reduce risk and mitigate drawdowns by combining exposure across different asset classes—like equities, fixed income and commodities—that generally do not move in tandem. Commodities, like energy and precious metals,…
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The King of the 21st Century Wears a Golden Crown
Once again, gold has taken the crown as the best-performing asset in the 21st century. From the turn of the century to year-end 2024, the S&P 500® recorded an annualized return of 7.7%, while the S&P GSCI Gold recorded 8.5% annually. While besting stocks for a quarter century, gold is still considered a safe-haven asset,…
- Categories Commodities
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A Grain of Wisdom: S&P DJI Launches S&P GSCI Minneapolis Wheat and S&P GSCI Composite Wheat
With Oktoberfest just around the corner, S&P DJI has announced the launch of the S&P GSCI Minneapolis Wheat and S&P GSCI Composite Wheat. S&P DJI recently acquired the rights to futures data from Minneapolis Grain Exchange (MGEX), on which Minneapolis Wheat futures contracts are traded. Minneapolis Wheat is one of the three most actively traded…
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Drill Baby Drill: Commodity Performance in U.S. Election Years
Following one of the more politically volatile months of this election year, commodity performance has delivered mixed results. The S&P GSCI Gold rallied 4.3%, while the S&P GSCI Crude Oil fell by the same amount. However, both gold and oil remained firmly up on the year, registering gains of 17.3% and 16.5%, respectively. Overall, they…
- Categories Commodities
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Commodities Deliver Double-Digit Returns in the Face of Stubborn Inflation
Commodity markets remain on top of the asset class leader board with inflation drawing the ire of the Fed and other asset classes. The upside surprise in U.S. inflation spotlights the potential benefits of commodities as a diversification tool. The S&P GSCI, the leading indicator of broad commodity performance, has produced double-digit returns in 2024,…
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