WOOD vs. FZROX
WOOD (iShares Global Timber & Forestry ETF) and FZROX (Fidelity ZERO Total Market Index Fund) are both funds - WOOD is a Materials fund tracking the S&P Global Timber & Forestry Index, while FZROX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, WOOD returned -2.94%/yr vs 13.13%/yr for FZROX. A 0.66 correlation means they provide meaningful diversification when combined. WOOD charges 0.46%/yr vs 0.00%/yr for FZROX.
Performance
WOOD vs. FZROX - Performance Comparison
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Returns By Period
In the year-to-date period, WOOD achieves a -5.94% return, which is significantly lower than FZROX's 10.74% return.
WOOD
- 1D
- -0.26%
- 1M
- 3.05%
- YTD
- -5.94%
- 6M
- -4.22%
- 1Y
- -5.09%
- 3Y*
- 0.46%
- 5Y*
- -2.94%
- 10Y*
- 6.12%
FZROX
- 1D
- 1.16%
- 1M
- 0.93%
- YTD
- 10.74%
- 6M
- 10.00%
- 1Y
- 27.63%
- 3Y*
- 20.80%
- 5Y*
- 13.13%
- 10Y*
- —
WOOD vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | -5.94% | -3.27% | -4.21% | 13.84% | -19.39% | 17.03% | 20.36% | 19.75% | -22.23% |
FZROX Fidelity ZERO Total Market Index Fund | 10.74% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Correlation
The correlation between WOOD and FZROX is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.66 |
The correlation between WOOD and FZROX shifts across timeframes, from 0.51 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WOOD vs. FZROX — Risk / Return Rank
WOOD
FZROX
WOOD vs. FZROX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) and Fidelity ZERO Total Market Index Fund (FZROX). 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.
| WOOD | FZROX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.38 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 3.10 | -3.33 |
| Martin ratioReturn relative to average drawdown | -0.51 | 13.86 | -14.37 |
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Drawdowns
WOOD vs. FZROX - Drawdown Comparison
The maximum WOOD drawdown since its inception was -63.25%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for WOOD and FZROX.
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Drawdown Indicators
| WOOD | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.25% | -34.96% | -28.29% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -8.89% | -12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -19.38% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -25.12% | -5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -50.20% | — | — |
Current DrawdownCurrent decline from peak | -23.49% | -1.13% | -22.36% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -5.49% | -9.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.07% | 1.98% | +8.09% |
Volatility
WOOD vs. FZROX - Volatility Comparison
iShares Global Timber & Forestry ETF (WOOD) and Fidelity ZERO Total Market Index Fund (FZROX) have volatilities of 4.88% and 4.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WOOD | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.94% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 10.16% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.88% | 12.85% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 17.53% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.85% | 20.13% | +1.72% |
WOOD vs. FZROX - Expense Ratio Comparison
WOOD has a 0.46% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Dividends
WOOD vs. FZROX - Dividend Comparison
WOOD's dividend yield for the trailing twelve months is around 2.51%, more than FZROX's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZROX Fidelity ZERO Total Market Index Fund | 0.92% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
WOOD iShares Global Timber & Forestry ETF | 2.51% | 2.51% | 2.09% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% |
Frequently Asked Questions
WOOD and FZROX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FZROX has higher volatility (4.94%) compared to WOOD (4.88%). In terms of maximum drawdown, WOOD dropped -63.25% vs FZROX's -34.96%.
FZROX currently has the higher Sharpe Ratio (2.14 vs -0.27), 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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