WOOD vs. QQQ
Compare and contrast key facts about iShares Global Timber & Forestry ETF (WOOD) and Invesco QQQ (QQQ).
WOOD and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both WOOD and QQQ 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 QQQ.
Correlation
The correlation between WOOD and QQQ is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WOOD vs. QQQ - Performance Comparison
Key characteristics
WOOD:
-0.36
QQQ:
1.64
WOOD:
-0.39
QQQ:
2.19
WOOD:
0.95
QQQ:
1.30
WOOD:
-0.29
QQQ:
2.16
WOOD:
-1.13
QQQ:
7.79
WOOD:
5.04%
QQQ:
3.76%
WOOD:
15.90%
QQQ:
17.85%
WOOD:
-63.23%
QQQ:
-82.98%
WOOD:
-17.52%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, WOOD achieves a -6.06% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, WOOD has underperformed QQQ with an annualized return of 5.40%, while QQQ has yielded a comparatively higher 18.36% annualized return.
WOOD
-6.06%
-4.87%
-5.03%
-4.46%
3.94%
5.40%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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WOOD vs. QQQ - Expense Ratio Comparison
WOOD has a 0.46% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
WOOD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
WOOD's dividend yield for the trailing twelve months is around 2.13%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | 2.13% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% | 1.71% | 1.55% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
WOOD vs. QQQ - Drawdown Comparison
The maximum WOOD drawdown since its inception was -63.23%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for WOOD and QQQ. For additional features, visit the drawdowns tool.
Volatility
WOOD vs. QQQ - Volatility Comparison
iShares Global Timber & Forestry ETF (WOOD) has a higher volatility of 5.59% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that WOOD's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.