20 Best-Performing Commodity Stocks for July 2026

Commodity stocks can help increase your diversification and hedge against inflation, but they don’t provide as much diversification as a commodity ETF.

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Updated Jul 1, 2026 · 2 min read Written by Editor & Content Strategist + more + more Edited by Managing Editor Commodities are, for the most part, necessities. And in tough economic times, they can serve as a hedge against inflation in a well-diversified portfolio.

What are commodity stocks?

Commodities are basic goods, such as oil, wheat or cattle. Commodity stocks are shares of companies that operate in those spaces, such as oil refineries, wheat producers or meat-processing companies. Commodity stocks represent goods and services people need, such as food and energy. This can potentially make them strong additions to an investment portfolio. » Ready to invest? Check out the best online brokers for stock trading » Ready to invest?

20 best-performing commodity stocks

Here are 20 best-performing commodity stocks from Fidelity's Global Commodity Stock Fund (FFGCX). This fund offers a good representation of several commodities-based industries, including the energy, metals and agricultural industries. This fund may include international as well as domestic stock. The best-performing global commodity stock by one-year return is Sigma Lithium Corp (SGML), which is up 186.67%. Ticker Company Performance (Year) SGML Sigma Lithium Corp 186.67% ALB Albemarle Corp 114.75% CVE Cenovus Energy Inc 78.59% BHP BHP Group Limited ADR 67.47% VAL Valaris Ltd 65.38% AA Alcoa Corp 60.44% TRGP Targa Resources Corp 55.75% TECK Teck Resources Ltd 45.38% DAR Darling Ingredients Inc 44.41% NE Noble Corp Plc 34.87% PBR Petroleo Brasileiro SA Petrobras ADR 33.80% BG Bunge Global SA 31.62% AEM Agnico Eagle Mines Ltd 31.47% FNV Franco-Nevada Corp 28.02% WPM Wheaton Precious Metals Corp 26.21% XOM Exxon Mobil Corp 25.47% CNQ Canadian Natural Resources Ltd 24.86% TTE TotalEnergies SE 22.63% CF CF Industries Holdings Inc 17.52% RS Reliance Inc 15.45% Source: Finviz. Data is current as of July 1, 2026, and is intended for informational purposes only.

Types of commodity stocks

There are several types of commodities. Here are a few examples: Gold. Oil. Meat. Silver. Wheat. Soybeans. Copper. Oats. Cotton. Rice. Make sense of the markets with The Nerdy Investor A weekly wrap on what's moving markets, plus two monthly deep-dives on how to improve your investing, straight to your inbox. Subscribe for free

Commodity stock benefits

The three main benefits of commodity stocks are hedging against inflation, diversifying your investment portfolio and potentially paying dividends. Since commodity stock prices increase when the price of commodities increases, commodity stocks may work well to combat the effects of inflation. That’s particularly true if you’re getting close to retirement, already have other retirement-worthy investments such as bonds, Treasurys or money market funds and want to protect your investment portfolio's value. If you have a well-diversified portfolio to begin with, and you’re investing over a long period of time, you may benefit just as well (if not more) by focusing on stocks that have long-term growth potential. » Check out the best-performing growth stocks » Check out the Commodity stocks may increase your portfolio’s diversification because commodities are found in so many sectors. And since commodities are often necessities, it is less likely that consumers will cut back spending in the commodities sectors when times are tough. This is in contrast to other areas that may be considered discretionary, such as travel or restaurants. Some commodity stocks pay dividends, but not all do. The best dividend stocks don’t necessarily pay the highest dividends, but commodity companies with a history of paying reliable dividends and strong financial fundamentals may be worth investigating if you’re looking for commodities exposure.

Commodity stock risks

One of the biggest cons of commodity stocks is that they are fairly reliant on political and climate events, and can be volatile as a result. For example, extreme weather creates risks for crops and livestock, and international affairs can have a significant impact on oil prices. The other risk of commodity stocks is exactly that: They’re individual stocks. Individual stocks harbor all the risks of the singular company they represent. Commodity exchange-traded funds, or ETFs, however, allow you to invest in lots of different commodity stocks at the same time. This can reduce your risk and increase your portfolio’s diversification. About the author Alana Benson Alana Benson is an investing writer who covers socially responsible and ESG investing, financial advice and beginner investing topics. Her work has appeared in The New York Times, The Washington Post, MSN, Yahoo Finance, MarketWatch and others. See full bio. Helpful resources Index Funds vs. Mutual Funds: The Differences That Matter Best Mutual Funds for July and How to Invest The Best ETFs and How to Start Investing 14 Best-Performing and Affordable ESG ETFs for 2026 More like this Best Financial Advisors By Tina Orem, Alana Benson Find a Financial Advisor Near You | NerdWallet By Diego Gil (C) How to Choose a Financial Advisor in 5 Steps By Taryn Phaneuf