New World Investment Research

In 2025, commodities significantly outperformed US equities. Markets signal macroeconomic uncertainty and diversification into hard assets.

Copper: + 32% YTD
Gold: + 64% YTD
S&P 500: + 16% YTD

Source: BBG
GC1:COM – Gold continuous futures, COMEX
CPER:US – United States Copper Index Fund, ETF
SPX:IND – S&P 500 Index