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CUT vs. WOOD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


CUTWOOD
YTD Return9.11%4.92%
1Y Return18.74%15.23%
3Y Return (Ann)1.14%1.50%
5Y Return (Ann)8.10%8.86%
10Y Return (Ann)6.89%7.76%
Sharpe Ratio1.410.99
Sortino Ratio2.071.52
Omega Ratio1.251.18
Calmar Ratio0.750.66
Martin Ratio6.193.90
Ulcer Index3.28%4.23%
Daily Std Dev14.46%16.58%
Max Drawdown-70.03%-63.23%
Current Drawdown-7.11%-7.88%

Correlation

-0.50.00.51.00.9

The correlation between CUT and WOOD is 0.91, 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.

Performance

CUT vs. WOOD - Performance Comparison

In the year-to-date period, CUT achieves a 9.11% return, which is significantly higher than WOOD's 4.92% return. Over the past 10 years, CUT has underperformed WOOD with an annualized return of 6.89%, while WOOD has yielded a comparatively higher 7.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%MayJuneJulyAugustSeptemberOctober
4.67%
2.43%
CUT
WOOD

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CUT vs. WOOD - Expense Ratio Comparison

CUT has a 0.55% expense ratio, which is higher than WOOD's 0.46% expense ratio.


CUT
Invesco MSCI Global Timber ETF
Expense ratio chart for CUT: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for WOOD: current value at 0.46% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.46%

Risk-Adjusted Performance

CUT vs. WOOD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Timber ETF (CUT) and iShares Global Timber & Forestry ETF (WOOD). 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.


CUT
Sharpe ratio
The chart of Sharpe ratio for CUT, currently valued at 1.41, compared to the broader market0.002.004.001.41
Sortino ratio
The chart of Sortino ratio for CUT, currently valued at 2.07, compared to the broader market-2.000.002.004.006.008.0010.0012.002.07
Omega ratio
The chart of Omega ratio for CUT, currently valued at 1.25, compared to the broader market1.001.502.002.503.001.25
Calmar ratio
The chart of Calmar ratio for CUT, currently valued at 0.75, compared to the broader market0.005.0010.0015.000.75
Martin ratio
The chart of Martin ratio for CUT, currently valued at 6.19, compared to the broader market0.0020.0040.0060.0080.00100.006.19
WOOD
Sharpe ratio
The chart of Sharpe ratio for WOOD, currently valued at 0.99, compared to the broader market0.002.004.000.99
Sortino ratio
The chart of Sortino ratio for WOOD, currently valued at 1.51, compared to the broader market-2.000.002.004.006.008.0010.0012.001.52
Omega ratio
The chart of Omega ratio for WOOD, currently valued at 1.18, compared to the broader market1.001.502.002.503.001.18
Calmar ratio
The chart of Calmar ratio for WOOD, currently valued at 0.66, compared to the broader market0.005.0010.0015.000.66
Martin ratio
The chart of Martin ratio for WOOD, currently valued at 3.90, compared to the broader market0.0020.0040.0060.0080.00100.003.90

CUT vs. WOOD - Sharpe Ratio Comparison

The current CUT Sharpe Ratio is 1.41, which is higher than the WOOD Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of CUT and WOOD, offering insights into how both instruments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50MayJuneJulyAugustSeptemberOctober
1.41
0.99
CUT
WOOD

Dividends

CUT vs. WOOD - Dividend Comparison

CUT's dividend yield for the trailing twelve months is around 2.24%, more than WOOD's 1.50% yield.


TTM20232022202120202019201820172016201520142013
CUT
Invesco MSCI Global Timber ETF
2.24%2.44%2.58%1.57%1.65%2.67%3.43%1.57%2.08%1.52%2.83%1.39%
WOOD
iShares Global Timber & Forestry ETF
1.50%1.64%2.26%1.24%0.98%1.85%2.82%1.19%1.65%2.04%1.71%1.55%

Drawdowns

CUT vs. WOOD - Drawdown Comparison

The maximum CUT drawdown since its inception was -70.03%, which is greater than WOOD's maximum drawdown of -63.23%. Use the drawdown chart below to compare losses from any high point for CUT and WOOD. For additional features, visit the drawdowns tool.


-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%MayJuneJulyAugustSeptemberOctober
-7.11%
-7.88%
CUT
WOOD

Volatility

CUT vs. WOOD - Volatility Comparison

The current volatility for Invesco MSCI Global Timber ETF (CUT) is 4.01%, while iShares Global Timber & Forestry ETF (WOOD) has a volatility of 4.70%. This indicates that CUT experiences smaller price fluctuations and is considered to be less risky than WOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%MayJuneJulyAugustSeptemberOctober
4.01%
4.70%
CUT
WOOD