WOOD vs. GLD
Compare and contrast key facts about iShares Global Timber & Forestry ETF (WOOD) and SPDR Gold Trust (GLD).
WOOD and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WOOD is a passively managed fund by iShares that tracks the performance of the S&P Global Timber & Forestry Index. It was launched on Jun 24, 2008. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both WOOD and GLD 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: WOOD or GLD.
Correlation
The correlation between WOOD and GLD is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WOOD vs. GLD - Performance Comparison
Key characteristics
WOOD:
-0.16
GLD:
1.78
WOOD:
-0.12
GLD:
2.38
WOOD:
0.99
GLD:
1.31
WOOD:
-0.13
GLD:
3.29
WOOD:
-0.53
GLD:
9.45
WOOD:
4.98%
GLD:
2.82%
WOOD:
16.05%
GLD:
14.99%
WOOD:
-63.23%
GLD:
-45.56%
WOOD:
-16.80%
GLD:
-6.95%
Returns By Period
In the year-to-date period, WOOD achieves a -5.23% return, which is significantly lower than GLD's 25.33% return. Over the past 10 years, WOOD has underperformed GLD with an annualized return of 5.55%, while GLD has yielded a comparatively higher 7.86% annualized return.
WOOD
-5.23%
-4.40%
-4.13%
-4.88%
4.12%
5.55%
GLD
25.33%
-1.50%
9.83%
27.38%
11.45%
7.86%
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WOOD vs. GLD - Expense Ratio Comparison
WOOD has a 0.46% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
WOOD vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) and SPDR Gold Trust (GLD). 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.
Dividends
WOOD vs. GLD - Dividend Comparison
WOOD's dividend yield for the trailing twelve months is around 2.11%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | 2.11% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% | 1.71% | 1.55% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WOOD vs. GLD - Drawdown Comparison
The maximum WOOD drawdown since its inception was -63.23%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for WOOD and GLD. For additional features, visit the drawdowns tool.
Volatility
WOOD vs. GLD - Volatility Comparison
iShares Global Timber & Forestry ETF (WOOD) has a higher volatility of 5.66% compared to SPDR Gold Trust (GLD) at 5.12%. This indicates that WOOD's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.