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contango

Contango Explained: Why Commodity ETFs Lose to Spot Prices

September 12, 2026June 3, 2026 by Bruno

Contango is the upward-sloping futures curve that quietly drains commodity ETF returns. Here is the math, the cause, and how to spot it.

Categories Market Education Tags backwardation, commodity etfs, contango, futures curve, investing basics, roll yield
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