- ISIN
- US46138E5454
- CUSIP
- 46138E545
- Issuer
- Invesco
- Inception Date
- Nov 9, 2007
- Region
- Developed Markets (Broad)
- Category
- Materials
- Leveraged
- 1x (No leverage)
- Index Tracked
- Beacon Global Timber Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $31M
Share Price Chart
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Performance
CUT Performance Chart
Invesco MSCI Global Timber ETF (CUT) is down 4.4% since the beginning of the year. CUT is currently trading at $28 per share. Investors who bought $1,000 worth of CUT shares 5 years ago would now be looking at an investment worth $846.
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Returns By Period
Invesco MSCI Global Timber ETF (CUT) has returned -4.36% so far this year and -4.86% over the past 12 months. Over the last ten years, CUT has returned 4.69% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco MSCI Global Timber ETF
- 1D
- -0.62%
- 1M
- 3.03%
- YTD
- -4.36%
- 6M
- -3.02%
- 1Y
- -4.86%
- 3Y*
- 1.55%
- 5Y*
- -3.30%
- 10Y*
- 4.69%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CUT Monthly Returns History
Based on dividend-adjusted daily data since Nov 9, 2007, CUT's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2009 with a return of +31.8%, while the worst month was Oct 2008 at -29.3%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CUT closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +14.0%, while the worst single day was Mar 16, 2020 at -11.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.19% | 6.60% | -9.49% | -3.09% | -0.61% | 0.72% | -4.36% | ||||||
| 2025 | 3.91% | -2.12% | -4.53% | -3.76% | 2.85% | -1.18% | -2.26% | 5.79% | -4.95% | -4.97% | 3.10% | 2.89% | -5.92% |
| 2024 | -4.80% | 3.96% | 6.91% | -5.83% | 7.02% | -4.45% | 4.36% | 1.44% | 3.43% | -3.67% | 0.83% | -6.04% | 1.82% |
| 2023 | 7.61% | -6.31% | -2.11% | -0.88% | -4.28% | 4.13% | 7.31% | -2.63% | -2.15% | -3.74% | 8.21% | 4.62% | 8.65% |
| 2022 | -1.52% | -3.59% | 0.30% | -0.28% | 0.52% | -12.48% | 6.29% | -3.73% | -13.13% | 6.93% | 9.58% | -3.90% | -16.38% |
| 2021 | -1.65% | 5.13% | 3.47% | 6.36% | 0.84% | -2.66% | 0.65% | 3.82% | -7.82% | 0.05% | -1.59% | 6.01% | 12.29% |
Benchmark Metrics
Invesco MSCI Global Timber ETF has an annualized alpha of -4.60%, beta of 0.95, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since November 09, 2007.
- This ETF participated in 122.85% of S&P 500 Index downside but only 96.99% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -4.60% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.95 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -4.60%
- Beta
- 0.95
- R²
- 0.64
- Upside Capture
- 96.99%
- Downside Capture
- 122.85%
Expense Ratio
CUT has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CUT ranks 6 for risk / return — in the bottom 6% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco MSCI Global Timber ETF (CUT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CUT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.37 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.78 | -3.03 |
| Martin ratioReturn relative to average drawdown | -0.51 | 12.44 | -12.95 |
Dividends
Dividend History
Invesco MSCI Global Timber ETF provided a 2.57% dividend yield over the last twelve months, with an annual payout of $0.72 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.72 | $0.72 | $0.97 | $0.78 | $0.78 | $0.58 | $0.55 | $0.77 | $0.82 | $0.50 | $0.52 | $0.36 |
Dividend yield | 2.57% | 2.46% | 3.05% | 2.44% | 2.58% | 1.57% | 1.65% | 2.67% | 3.43% | 1.57% | 2.08% | 1.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco MSCI Global Timber ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco MSCI Global Timber ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco MSCI Global Timber ETF was 70.03%, occurring on Mar 9, 2009. Recovery took 1011 trading sessions.
The current Invesco MSCI Global Timber ETF drawdown is 22.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -70.03%Mar 2009 | 1y 2mo | 4y 6d | 5y 3moDec 2007 - Mar 2013 |
COVID crash2020 | -45.76%Mar 2020 | 1y 9mo | 8mo 20d | 2y 6moJun 2018 - Dec 2020 |
Bear market2022 | -31.21%Sep 2022 | 1y 4mo | — | 5y 1moMay 2021 - now |
2016 bear market2016 | -27.15%Feb 2016 | 8mo 26d | 11mo 18d | 1y 8moMay 2015 - Jan 2017 |
2014 correction2014 | -15.78%Oct 2014 | 7mo 13d | 3mo 29d | 11mo 12dMar 2014 - Feb 2015 |
Drawdown Indicators
| CUT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.03% | -56.78% | -13.25% |
Max Drawdown (1Y)Largest decline over 1 year | -19.62% | -9.10% | -10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -22.23% | -18.90% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -30.40% | -25.43% | -4.97% |
Max Drawdown (10Y)Largest decline over 10 years | -45.76% | -33.92% | -11.84% |
Current DrawdownCurrent decline from peak | -22.00% | -1.80% | -20.20% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -10.71% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.50% | 2.03% | +7.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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