Oil and maybe gold are the two commodities most think of when it comes to striking it rich. But ETF investors looking beyond the S&P 500 found an even hotter commodity: sugar.
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The Teucrium Sugar ETF (CANE) is up an astounding 58.3% this year — topping all other actively traded commodity and currency funds in that time, says an Investor’s Business Daily analysis of data from Morningstar Direct. That easily tops the 10.7% gain of the top-performing oil ETF this year: Invesco DB Oil (DBO) and the S&P 500 up 14.97%. It’s also beating gold’s 2% gain.
Such sweet gains come at a perfect time. The S&P 500 has struggled since late July. Investors worry inflation might hurt corporate profits. And higher rates on “risk free” Treasuries woo some investors from riskier S&P 500 stocks. Sugar is turning into an S&P 500-beating asset in the short and long term.
“Commodities can serve as…
