Commodity ETF Options

This page lists commodity, mining, and energy ETFs with highest options volume. The list is split in two by the ETF exposure (direct commodity price or futures vs. mining or energy stocks).

Commodity Price ETFs by Options Volume

These ETFs invest in the commodities directly or via futures, and therefore provide a more direct exposure. That said, the ETF price may still not track the underlying commodity price perfectly, especially in the long run. Futures roll yield is often a strong factor, such as in USO and UNG.

ETF options volume in 2026
rank symbol avg_daily_volume etf_name
  4. SLV    =   217,475  =  iShares Silver Trust
  7. GLD    =   123,519  =  SPDR Gold Shares ETF
  9. USO    =    60,718  =  United States Oil Fund
 42. UNG    =    10,379  =  United States Natural Gas Fund
 53. BNO    =     5,880  =  United States Brent Crude Oil Fund
 60. BOIL   =     4,479  =  ProShares Ultra Bloomberg Natural Gas 2x Shares
 63. SCO    =     4,093  =  ProShares UltraShort Bloomberg Crude Oil -2x Shares
 70. AGQ    =     3,259  =  ProShares Ultra Silver 2x Shares
 72. ZSL    =     3,211  =  ProShares UltraShort Silver -2x Shares
 79. IAU    =     2,807  =  iShares Gold Trust
 83. KOLD   =     2,533  =  ProShares UltraShort Bloomberg Natural Gas -2x Shares
 85. UCO    =     2,508  =  ProShares Ultra Bloomberg Crude Oil 2x Shares
 99. WEAT   =     1,796  =  Teucrium Wheat Fund

Commodity Sector ETFs by Options Volume

These ETFs invest in energy and mining stocks, rather than the commodities or futures directly. Their prices are still highly correlated to commodity prices, but the exposure is less direct and may be greatly affected by stock market sentiment.

ETF options volume in 2026
rank symbol avg_daily_volume etf_name
 14. GDX    =    54,498  =  VANECK GOLD MINERS ETF 
 17. XLE    =    41,237  =  STATE STREET(R) ENERGY SELECT SECTOR SPDR(R) ETF 
 37. SILJ   =    12,212  =  Amplify Junior Silver Miners ETF
 51. AMLP   =     6,518  =  ALERIAN MLP ETF 
 65. XOP    =     3,661  =  STATE STREET(R) SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF 
 66. COPX   =     3,648  =  GLOBAL X COPPER MINERS ETF
 68. URA    =     3,336  =  GLOBAL X URANIUM ETF
 92. GDXJ   =     2,116  =  VANECK JUNIOR GOLD MINERS ETF