Commodities — from the cocoa in your Halloween candy bars to the cotton in your jeans — are building blocks of usable goods and services. Commodity prices are generally driven by supply and demand factors, and understanding these can help you stay informed about the prices consumers see. Our blog explains:
Commodities have almost doubled YTD... running away with the lead on the annual returns quilt... actually the biggest margin between No. 1 and 2 since at least 2007... BofA
Commodities continue to be a successful diversifier, providing competitive returns and a negative correlation. They are in a sweet spot on the efficient frontier (which below is from the April 2025 “launching point”).
Commodities are making another move.
If you’re wondering why they keep coming back:
You can't undo decades of chronic underinvestment and neglect in just two years of solid performance.
This still feels like the opening act of a major commodities supercycle.