CUT vs. IBIC
CUT (Invesco MSCI Global Timber ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - CUT is a Materials fund tracking the Beacon Global Timber Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, CUT returned -6.01% vs 4.42% for IBIC. At a 0.01 correlation, their price movements are largely independent. CUT charges 0.55%/yr vs 0.10%/yr for IBIC.
Performance
CUT vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, CUT achieves a -5.45% return, which is significantly lower than IBIC's 2.43% return.
CUT
- 1D
- -1.14%
- 1M
- 1.85%
- YTD
- -5.45%
- 6M
- -4.37%
- 1Y
- -6.01%
- 3Y*
- 1.17%
- 5Y*
- -3.62%
- 10Y*
- 4.57%
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CUT vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CUT Invesco MSCI Global Timber ETF | -5.45% | -5.92% | 1.82% | 7.92% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between CUT and IBIC is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.01 |
The correlation between CUT and IBIC shifts across timeframes, from -0.20 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CUT vs. IBIC — Risk / Return Rank
CUT
IBIC
CUT vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Timber ETF (CUT) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.31 | ||
| Sortino ratioReturn per unit of downside risk | -9.31 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 2.22 | -1.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 16.56 | -16.87 |
| Martin ratioReturn relative to average drawdown | -0.63 | 58.67 | -59.30 |
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Drawdowns
CUT vs. IBIC - Drawdown Comparison
The maximum CUT drawdown since its inception was -70.03%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for CUT and IBIC.
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Drawdown Indicators
| CUT | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.03% | -0.90% | -69.13% |
Max Drawdown (1Y)Largest decline over 1 year | -19.62% | -0.27% | -19.35% |
Max Drawdown (3Y)Largest decline over 3 years | -22.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.76% | — | — |
Current DrawdownCurrent decline from peak | -22.89% | -0.08% | -22.81% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -0.10% | -15.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.55% | 0.08% | +9.47% |
Volatility
CUT vs. IBIC - Volatility Comparison
Invesco MSCI Global Timber ETF (CUT) has a higher volatility of 5.08% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that CUT's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CUT | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 0.17% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 14.26% | 0.67% | +13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 0.89% | +17.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 1.56% | +16.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 1.56% | +18.56% |
CUT vs. IBIC - Expense Ratio Comparison
CUT has a 0.55% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
CUT vs. IBIC - Dividend Comparison
CUT's dividend yield for the trailing twelve months is around 2.60%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUT Invesco MSCI Global Timber ETF | 2.60% | 2.46% | 3.05% | 2.44% | 2.58% | 1.57% | 1.65% | 2.67% | 3.43% | 1.57% | 2.08% | 1.52% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CUT and IBIC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CUT has higher volatility (5.08%) compared to IBIC (0.17%). In terms of maximum drawdown, CUT dropped -70.03% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -6.01% for CUT. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.42% return vs -6.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.55% for CUT.
IBIC has the higher dividend yield at 3.58%, compared with 2.60% for CUT.
CUT is categorized as Materials, while IBIC is Inflation-Protected Bonds. CUT tracks Beacon Global Timber Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.55% for CUT and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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