Three diversified commodity ETFs rise over 32 percent as WTI crude climbs to triple digits and inflation measures reach 91st percentile of 12-month range

Harbor Commodity All-Weather Strategy ETF (HGER), Invesco DB Commodity Index Tracking Fund (DBC), and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) are each up well over 32% on a one-year basis. HGER is up 44% over the past year and 29% year to date with nearly $2.8 billion in assets. DBC and PDBC are each up 37% year to date and 48% over the past year.

HGER actively tilts toward inflation-sensitive commodities with gold at 34% as the single largest holding and refined energy products (gasoil, RBOB gasoline, heating oil) plus Brent crude collectively making up 39% of net assets. DBC and PDBC track the same 14-commodity basket using optimum yield methodology to minimize contango costs, but PDBC delivers a 1099 tax form instead of the K-1 that DBC provides.

WTI crude has moved from a December 2025 low near $55 to triple digits, while Core PCE sits at the 91st percentile of its 12-month range and has climbed every month since May 2025. JPMorgan's 2026 outlook flags tariff-driven inflation persistence through the first half of 2026, which the article characterizes as structural pressure that favors physical commodity futures over paper assets.