Investing Assets & Markets Exchange-Traded Funds Metals ETFs: Investing in Base and Industrial Metals By Mark Kennedy Mark Kennedy Mark Kennedy is an expert in investment and exchange-traded funds. He was an ETF options trader on the Philadelphia Stock Exchange floor and Vice President of Derivatives Trading for Goldman Sachs. Kennedy's trading positions were not limited to the oil ETF but included other ETFs such as the Qs. learn about our editorial policies Updated on April 26, 2022 Reviewed by JeFreda R. Brown Reviewed by JeFreda R. Brown Facebook Instagram Twitter JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of Xaris Financial Enterprises and a course facilitator for Cornell University. learn about our financial review board Fact checked by Katie Turner Fact checked by Katie Turner Katie Turner is an editor, fact checker, and proofreader. Katie gained experience at McKinsey by fact-checking content about business, finance, and economic trends. At Dotdash, she began as a fact checker for Investopedia, eventually joining both Investopedia and The Balance as a fact checker, ensuring the accuracy of information across a variety of financial topics. learn about our editorial policies In This Article View All In This Article Breaking Down Industrial Metals ETFs List of Metals ETFs and ETNs Frequently Asked Questions (FAQs) Photo: Buena Vista Images/ Stone/ Getty Images There's no doubt that gold and precious metals get most of the attention when it comes to metals. That's true for the average person walking down the street, and it's true for the average investor, as well. Investors flock to gold exchange-traded funds (ETFs) and precious metals ETFs as relatively safe investments when market volatility spikes. However, that doesn't mean investors should forget about the "other" metals ETFs. Base metals and industrial metals are important commodities in sectors such as construction and technology, so they shouldn't be ignored. Whether you are looking to diversify your portfolio or seize a perceived opportunity with metal commodities, you should consider metals ETFs for your investing strategy. Key Takeaways You have a wide variety of metals ETFs to choose from if you're interested in metals investing.Metals ETFs can track metals commodities, exploration, or distribution of metals.Metals ETFs can help you diversify your portfolio or find new investing opportunities. Breaking Down Industrial Metals ETFs There are quite a few different metals ETFs to consider for your portfolio. They can vary by region, utilize different investment strategies, or specialize in a specific type of metal. Like any type of ETF, these products allow investors to enter specific sectors or invest in certain markets without loading up on equities or battling index basket pricing. Instead, you can get instant exposure to your desired market with one easy transaction. Some metals funds target metals as commodities, using futures to track the underlying target assets—other ETFs target company stocks involved in the mining, exploration, or distributing of metals. There are also inverse and leveraged metals ETFs, which use advanced strategies to either short or outperform the underlying index in the near term. International metals ETFs allow investors to add exposure from different countries. Metals exchange-traded notes (ETNs) offer a similar investment product as ETFs but with some key differences. List of Base and Industrial Metals ETFs and ETNs As with any investment—a company stock, mutual fund, ETF, or otherwise—please make sure you thoroughly research these products before placing any trades on them (either long or short). Conduct your due diligence and watch how these funds react to different market conditions. Additionally, look under the ETF's hood and see what is in the funds. Furthermore, ETFs and ETNs are constantly in flux. The name, ticker symbol, investment goals, or holdings in these products could change. ETFs have many advantages, but they have disadvantages, as well (as does any investment). It is important to understand the investment vehicle before you trade it. If you have any questions or concerns, make sure you consult a stockbroker, a financial advisor, or another financial industry professional. With those disclaimers out of the way, here's a list of industrial metals ETFs and ETNs to kickstart your research: CPER: United States Copper Index Fund DBB: Invesco DB Base Metals Fund JJMTF: iPath Bloomberg Industrial Metals Subindex Total Return ETN JJCTF: iPath Bloomberg Copper Subindex Total Return ETN PICK: iShares MSCI Global Metals & Mining Producers ETF REMX: VanEck Vectors Rare Earth/Strategic Metals ETF RJZ: ELEMENTS Rogers International Commodity Index Metals Total Return ETN SLX: VanEck Vectors Steel ETF UCIB: ETRACS CMCI Total Return ETN Series B XME: SPDR S&P Metals & Mining ETF Frequently Asked Questions (FAQs) Does Vanguard have a gold ETF? Vanguard doesn't have a gold or precious metals ETF, but the Vanguard Materials ETF (VAW) holds a wide range of stocks of companies in the materials sector. Is there a precious metals ETF? There are several precious metals ETFs you can choose from, such as SPDR Gold Shares. iShares and Aberdeen also have metals ETFs. What metals are in the PICK ETF? iShares MSCI Global Metals & Mining Producers ETF (PICK) doesn't hold physical metals; it holds stocks of companies listed on the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. PICK lists 217 companies involved in the extraction and production of metals and precious metals, excluding gold and silver. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. Direxion. "Direxion Launches New Daily 2X Leveraged Metals and Mining ETF (MNM)." Vanguard. "Vanguard Materials ETF (VAW)." iShares. "iShares Gold Trust." Aberdeen. "ABDRN Physical Precious Metals Basket Shares ETF." Cboe. "iShares MSCI Global Metals & Mining Producers ETF Fact Sheet," Page 1. Cboe. "iShares MSCI Global Metals & Mining Producers ETF."