ProductsIndicesBloomberg Commodity Indices
Diversified exposure
Bloomberg’s commodity indices are a family of financial benchmarks designed to provide liquid and diversified exposure to physical commodities via futures contracts. Flagship products include the Bloomberg Commodity Indices (BCOM), Bloomberg Enhanced Roll Yield Indices (BERY), Bloomberg Energy & Metal Equal-Weighted Indices, and Bloomberg Single Commodity & Agriculture Representative Indices.
Explore our index families.
Bloomberg Commodity Outlook Newsletter
The Bloomberg Commodity Outlook is a monthly publication that brings you our latest fundamental analysis, data, and insight on energy, metals and agriculture.
Subscribe to the Commodity Outlook here.
BCOM
BCOM provides broad-based exposure to commodities, and no single commodity or commodity sector dominates the index. Rather than being driven by micro-economic events affecting one commodity market or sector, the diversified commodity exposure of BCOM potentially reduces volatility in comparison with non-diversified commodity investments.
Bloomberg Enhanced Roll Yield Indices
A key concern for commodity investors is negative yield from the shape of futures’ curves, which contributes to return degradation over extended periods. Bloomberg addresses this concern with BERY, a broad-based, long-only commodity benchmark that extends the BCOM family, while incorporating aspects of risk-premia strategies. BERY diminishes the traditional trade-off between liquidity and performance by redefining the index weighting scheme and diversifying contract selection. Ultimately, BERY seeks to provide high capacity, mitigate the impact of negative carry and reduce roll congestion.
Bloomberg Energy & Metal Equal-Weighted Indices
The Bloomberg Energy & Metals Equal-Weighted Index family aims to track the performance of an equal-weighted basket of 12 energy and metal commodity futures contracts, including base and precious metals. The energy exposure is comprised of WTI crude oil, brent crude oil, low sulphur gas oil and natural gas, while the metal components are gold, silver, platinum, palladium, copper, zinc, nickel and aluminum.
Bloomberg Single Commodity & Agriculture Representative Indices
The Bloomberg Single Commodity & Agriculture Representative Indices are a family of financial benchmarks designed to track the performance of single commodity futures contracts, while embedding a novel protective feature: a zero floor on index levels.
Bloomberg Composite Gold Index
The Composite Gold Index is made up of liquid exchange-traded futures on gold, and iShares Gold Trust, reflecting the return of underlying price movements.
Bloomberg Carbon-Tilted Index
The BCOM Carbon-Tilted Index is designed to take into account carbon emissions associated with the production of the physical commodities comprising the flagship BCOM benchmark. Using Life Cycle Analysis, carbon emissions are measured and the weight of commodities with a lower carbon footprint is increased.
Resources
Access ourresources pageto view index methodology documents, fact sheets and additional publications regarding the Bloomberg Commodity Indices.
Bloomberg’s indexing capabilities
Cross-Asset Coverage
Bloomberg’s index team has a proven track record in creating strategic indices across asset classes, including fixed income, equity, commodity, multi-asset, currency, digital asset and reference rates. Explore our cross-asset coverage areas here.
Index Resources for Financial Advisors
Bloomberg’s indices are rules-based and transparent to help measure a wide array of market exposures. Advisors can use the indices for traditional benchmarking activities, including measuring portfolio performance and risk exposures, or look to our partners for opportunities to invest in licensed index products.
Customization
We offer a broad and evolving suite of unbiased index products, including custom datasets, factors and styles, from which investors can select or customize the most appropriate benchmark for their portfolio needs. In addition to our flagship indices, Bloomberg publishes thousands of bespoke benchmarks and actively works with index users in a consultative manner on benchmark design, methodology, back-testing, selection, and documentation of their custom indices.
Systematic Strategies
Indices have expanded beyond traditional benchmarks. Investors now use indices to efficiently measure, isolate, and gain access to risk premia factors, thematic exposure, enhanced beta and alpha through rigorous and transparent rules-based index products. Bloomberg brings these innovative capabilities to market based on our years of experience in systematic strategies research.
Thematics
Bloomberg’s thematic indices capture structural, macro trends disrupting the global economy. Our data-driven approach incorporates proprietary research delivered by expert analyst teams to form baskets which serve as the basis for index selection.
Index Research
The Bloomberg Portfolio & Index Research team addresses topics that are relevant to today’s financial market participants, within four main areas: risk premia strategies, ESG investing, portfolio and risk analytics and optimization. Access selections of their work here.
Index News & Announcements
Access the latest news from Bloomberg’s index team, including new product launches and more.
Data & Licensing
Index subscribers may choose to receive index data in various file formats. Accessing index data off-Terminal requires an additional license, and a separate product license is required for financial product creation and passive index replication.
Terminal Integration
Bloomberg Terminal users gain even more value from the Bloomberg Indices by using the integrated analytics, research and index publications available on the Terminal.
Regulation & Governance
For information regarding the scope of Bloomberg Index Services Limited’s (BISL) authorization and other BMR resources, please see our benchmark regulation resources page.
