逆流而上！盈利突出 最高大賺33%！這類基金賺翻了
總結：今年由於受全球疫情，通貨膨脹，俄烏戰爭的影響，全球股市和債劵一直表現不夠理想，但是同時也導致了大宗商品的價格飆升。
標普高盛商品指數(S&P GSCI) 一直是全球最受推崇的可投資大宗商品指數，今年受大宗商品漲價影響，短短3個月時間大漲33%。對比之下，美國最著名的標普500指數就較爲尷尬，從去年年底最高的4818點一路震盪下跌，最終調整至3月中旬最低4114點，只有近期纔出現強勢反彈。彭博巴克萊綜合債券指數（Bloomberg Barclays Aggregate Bond Index）的表現就更不如人意了，截止至今下跌6.5%。
通常，商品期貨溢價的滾轉成本會侵蝕收益，導致投資表現偏離現貨指數的表現，但是今年的標普高盛商品指數(S&P GSCI)的表現出乎意料。大衆對供應的擔憂已導致許多商品期貨曲線轉向現貨溢價，暫時消除了對滾動成本的擔憂。iShares S&P GSCI大宗商品指數信託(GSG)今年迄今上漲了34.2%，其回報率甚至略高於現貨價格。
衆所周知，由於俄羅斯和烏克蘭戰爭引發的原油供應擔憂，導致今年能源價格大幅上漲。
Global X FTSE哥倫比亞20指數基金（GXG）今年出色的表現很大程度上是因爲其持有19%的石油和天然氣等能源大宗商品的投資。同樣，當我們看今年迄今爲止表現最好的大宗商品ETF時，許多表現最好的都是能源ETF。包括美國布倫特石油基金(BNO)，上漲58.5%;美國天然氣基金(United States Natural Gas Fund)上漲56%;美國汽油基金(UGA)增長47.6%。
這場衝突的影響不僅體現在能源市場上，還體現在大宗商品市場上。
大量商品從俄羅斯或烏克蘭出口，包括小麥、玉米、鎳、鈀等。這讓iPath Series B Bloomberg Nickel Subindex Total Return ETN (JJN)和Teucrium Wheat Fund (WEAT)今年分別上漲了72.8%和43.6%。
除了大宗商品相關的ETF，另外幾家規模更大的大宗商品ETP也躋身大宗商品業績前20名。
比如追蹤能源大宗商品的Elements Rogers國際商品指數-能源TR ETN (RJN)今年迄今上漲了60.2%，還有追蹤生產加權全球大宗商品的iPath標準普爾GSCI總回報指數(GSP)上漲了50.6%。
隨着俄烏戰爭產生的地緣政治有所緩和，大宗商品市場價格可能會趨近穩定，迴歸基本面主導行情，但是也沒人能肯定大宗商品價格能否在年底前回歸正常表現。
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