Correlation
The correlation between CUT and SPY is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
CUT vs. SPY
Compare and contrast key facts about Invesco MSCI Global Timber ETF (CUT) and SPDR S&P 500 ETF (SPY).
CUT and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CUT is a passively managed fund by Invesco that tracks the performance of the Beacon Global Timber Index. It was launched on Nov 9, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both CUT and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CUT or SPY.
Performance
CUT vs. SPY - Performance Comparison
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Key characteristics
CUT:
-0.47
SPY:
0.61
CUT:
-0.56
SPY:
1.05
CUT:
0.93
SPY:
1.15
CUT:
-0.31
SPY:
0.70
CUT:
-1.04
SPY:
2.68
CUT:
7.46%
SPY:
4.92%
CUT:
16.98%
SPY:
20.44%
CUT:
-70.03%
SPY:
-55.19%
CUT:
-16.53%
SPY:
-3.82%
Returns By Period
In the year-to-date period, CUT achieves a -3.72% return, which is significantly lower than SPY's 0.58% return. Over the past 10 years, CUT has underperformed SPY with an annualized return of 3.81%, while SPY has yielded a comparatively higher 12.71% annualized return.
CUT
-3.72%
1.59%
-8.92%
-7.96%
-2.51%
7.20%
3.81%
SPY
0.58%
6.70%
-1.23%
12.34%
13.93%
15.74%
12.71%
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CUT vs. SPY - Expense Ratio Comparison
CUT has a 0.55% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CUT vs. SPY — Risk-Adjusted Performance Rank
CUT
SPY
CUT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Timber ETF (CUT) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
CUT vs. SPY - Dividend Comparison
CUT's dividend yield for the trailing twelve months is around 3.17%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUT Invesco MSCI Global Timber ETF | 3.17% | 3.05% | 2.44% | 2.58% | 1.57% | 1.65% | 2.67% | 3.43% | 1.57% | 2.08% | 1.52% | 2.83% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CUT vs. SPY - Drawdown Comparison
The maximum CUT drawdown since its inception was -70.03%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CUT and SPY.
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Volatility
CUT vs. SPY - Volatility Comparison
Invesco MSCI Global Timber ETF (CUT) has a higher volatility of 5.28% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that CUT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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