The Commodity Exposure Scoreboard Mid Year by Attain Capital
Here’s our monthly look at the various commodity ETFs and how they track a simple strategy of buying December futures and rolling them annually. Plus, a comparison to Ag Traders and an overall commodity index.
Last week we covered the grains major sell off over the past three months, and if this continues, we just might be seeing the Ag CTA Index capitalize off of such trends. All the while, these grain markets might drag down the average performance for futures and ETFs.
(Disclaimer: Performance as of 6/30/2014)
Commodity ETF Over/Under Performance 2014
|
Commodity
|
Futures
|
ETF
|
Difference
|
|---|---|---|---|
| Crude Oil | $CL_F 10.20% |
$USO 10.08% |
-0.12% |
| Brent Oil | $NBZ_F 4.21% |
$BNO 3.54% |
-0.68% |
| Natural Gas | $NG_F 5.10% |
$UNG 18.90% |
13.80% |
| Cocoa | $CC_F 15.23% |
$NIB 14.44% |
-0.79% |
| Coffee | $KC_F 48.88% |
$JO 54.84% |
5.96% |
| Corn | $ZC_F -5.56% |
$CORN -3.76% |
1.80% |
| Cotton | $CT_F -6.27% |
$BAL -6.80% |
-0.53% |
| Live Cattle | $LE_F 16.61% |
$CATL 11.81% |
-4.81% |
| Lean Hogs | $LH_F 24.03% |
$HOGS 24.49% |
0.46% |
| Sugar | $SB_F 5.63% |
$CANE 6.86% |
1.23% |
| Soybeans | $ZS_F 1.96% |
$SOYB 4.81% |
2.86% |
| Wheat | $ZW_F -6.60% |
$WEAT -6.68% |
-0.07% |
| Average | 9.45% | 11.04% | 1.59% |
| Commodity Index $DBC | 3.63% | ||
| Long/Short Ag Trader CTAs | 1.13% |
(Disclaimer: past performance is not necessarily indicative of future results).
(Disclaimer: Sugar uses the October contract, Soybeans the November contract.)
Long/Short Ag Trader CTA = Barclayhedge Ag Traders Index
“The Managed Futures Blog is a compilation of thoughts, research, attempts at humor, and more from the team at Attain Capital Management (“Attain”). Attain pairs high net worth individuals, RIA’s, and institutional investors with alternative investments in commodities, managed futures, and global macro strategies through privately offered funds and managed accounts. Click here to sign up for their insight and analysis.”
