HOMZ vs. CUT

Last updated Jul 14, 2026

HOMZ (Hoya Capital Housing ETF) and CUT (Invesco MSCI Global Timber ETF) are both exchange-traded funds - HOMZ is a Building & Construction fund tracking the Hoya Capital Housing 100 Index, while CUT is a Materials fund tracking the Beacon Global Timber Index. Both are passively managed. Over the past 5 years, HOMZ returned 5.00%/yr vs -3.71%/yr for CUT. A 0.73 correlation means they provide meaningful diversification when combined. HOMZ charges 0.30%/yr vs 0.55%/yr for CUT.

Performance

HOMZ vs. CUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital Housing ETF (HOMZ) and Invesco MSCI Global Timber ETF (CUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOMZ achieves a 2.69% return, which is significantly higher than CUT's -4.74% return.

HOMZ

• 1D: -0.86%
• 1M: 1.77%
• 6M: -3.59%
• YTD: 2.69%
• 1Y: 4.87%
• 3Y*: 7.27%
• 5Y*: 5.00%
• 10Y*: —

CUT

• 1D: -1.24%
• 1M: -0.70%
• 6M: -8.57%
• YTD: -4.74%
• 1Y: -8.82%
• 3Y*: -0.71%
• 5Y*: -3.71%
• 10Y*: 3.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HOMZ vs. CUT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HOMZ Hoya Capital Housing ETF	2.69%	2.72%	9.49%	36.49%	-28.14%	41.02%	15.80%	17.38%
CUT Invesco MSCI Global Timber ETF	-4.74%	-5.92%	1.82%	8.65%	-16.38%	12.29%	18.05%	6.76%

Correlation

The correlation between HOMZ and CUT is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019	0.73

The correlation between HOMZ and CUT has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.

HOMZ vs. CUT - Sectors Allocation Comparison

Sectors	HOMZ	CUT
Real Estate	37.1%	10.1%
Consumer Cyclical	35.2%	45.0%
Financial Services	10.2%	0.3%
Industrials	8.7%	3.6%
Basic Materials	5.6%	41.3%
Technology	1.5%	0.1%
Consumer Defensive	0.8%	0.2%
Communication Services	0.6%	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

HOMZ vs. CUT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOMZ

HOMZ Risk / Return Rank: 13
HOMZ Sharpe Ratio Rank: 13
HOMZ Sortino Ratio Rank: 14
HOMZ Omega Ratio Rank: 13
HOMZ Calmar Ratio Rank: 13
HOMZ Martin Ratio Rank: 13

CUT

CUT Risk / Return Rank: 5
CUT Sharpe Ratio Rank: 5
CUT Sortino Ratio Rank: 5
CUT Omega Ratio Rank: 5
CUT Calmar Ratio Rank: 5
CUT Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HOMZ vs. CUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital Housing ETF (HOMZ) and Invesco MSCI Global Timber ETF (CUT). 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.

	HOMZ	CUT	Difference
Sharpe ratio: Return per unit of total volatility	0.24	-0.47	+0.72
Sortino ratio: Return per unit of downside risk	0.54	-0.57	+1.11
Omega ratio: Gain probability vs. loss probability	1.06	0.94	+0.12
Calmar ratio: Return relative to maximum drawdown	0.29	-0.45	+0.74
Martin ratio: Return relative to average drawdown	0.63	-0.88	+1.51

HOMZ vs. CUT - Sharpe Ratio Comparison

The current HOMZ Sharpe Ratio is 0.24, which is higher than the CUT Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of HOMZ and CUT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HOMZ vs. CUT - Drawdown Comparison

The maximum HOMZ drawdown since its inception was -48.10%, smaller than the maximum CUT drawdown of -70.03%. Use the drawdown chart below to compare losses from any high point for HOMZ and CUT.

Drawdown Indicators

	HOMZ	CUT	Difference
Max Drawdown Largest peak-to-trough decline	-48.10%	-70.03%	+21.93%
Max Drawdown (1Y) Largest decline over 1 year	-16.71%	-19.62%	+2.91%
Max Drawdown (3Y) Largest decline over 3 years	-22.91%	-22.23%	-0.68%
Max Drawdown (5Y) Largest decline over 5 years	-33.76%	-30.40%	-3.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.76%	—
Current Drawdown Current decline from peak	-7.23%	-22.31%	+15.08%
Average Drawdown Average peak-to-trough decline	-9.70%	-15.30%	+5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.70%	10.10%	-2.40%

Volatility

HOMZ vs. CUT - Volatility Comparison

Hoya Capital Housing ETF (HOMZ) has a higher volatility of 6.55% compared to Invesco MSCI Global Timber ETF (CUT) at 5.71%. This indicates that HOMZ's price experiences larger fluctuations and is considered to be riskier than CUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOMZ	CUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	5.71%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	14.62%	14.70%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	20.06%	18.75%	+1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	18.57%	+3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.95%	20.05%	+4.90%

HOMZ vs. CUT - Expense Ratio Comparison

HOMZ has a 0.30% expense ratio, which is lower than CUT's 0.55% expense ratio.

Dividends

HOMZ vs. CUT - Dividend Comparison

HOMZ's dividend yield for the trailing twelve months is around 2.61%, more than CUT's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CUT Invesco MSCI Global Timber ETF	2.58%	2.46%	3.05%	2.44%	2.58%	1.57%	1.65%	2.67%	3.43%	1.57%	2.08%	1.52%
HOMZ Hoya Capital Housing ETF	2.61%	2.54%	2.13%	2.08%	2.03%	1.21%	3.18%	1.24%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOMZ and CUT in my portfolio?

HOMZ and CUT have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOMZ or CUT?

HOMZ has higher volatility (6.55%) compared to CUT (5.71%). In terms of maximum drawdown, HOMZ dropped -48.10% vs CUT's -70.03%.

Which ETF is better, HOMZ or CUT?

On 5-year performance, HOMZ leads with 5.00% vs -3.71% for CUT. On fees, HOMZ is cheaper at 0.30% per year. On volatility, CUT has been the lower-risk option at 5.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOMZ or CUT?

Over the 5-year period, HOMZ has performed better with a 5.00% return vs -3.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOMZ or CUT?

HOMZ is cheaper with a 0.30% expense ratio, compared with 0.55% for CUT.

Which ETF pays a higher dividend yield, HOMZ or CUT?

HOMZ has the higher dividend yield at 2.61%, compared with 2.58% for CUT.

What is the main difference between HOMZ and CUT?

HOMZ is categorized as Building & Construction, while CUT is Materials. HOMZ tracks Hoya Capital Housing 100 Index, while CUT tracks Beacon Global Timber Index. They also come from different issuers: Pettee Investors and Invesco. Their fees differ too: 0.30% for HOMZ and 0.55% for CUT.

Which has better risk-adjusted returns?

HOMZ currently has the higher Sharpe Ratio (0.24 vs -0.47), 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.