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WOOD vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WOOD vs. QQQ

Last updated Aug 2, 2026
Documentation

WOOD (iShares Global Timber & Forestry ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - WOOD is a Materials fund tracking the S&P Global Timber & Forestry Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, WOOD returned 6.04%/yr vs 20.44%/yr for QQQ. Their 0.61 correlation means they have sometimes moved together and sometimes differently. WOOD charges 0.46%/yr vs 0.18%/yr for QQQ.

Performance

WOOD vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Timber & Forestry ETF (WOOD) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WOOD achieves a 0.84% return, which is significantly lower than QQQ's 12.26% return. Over the past 10 years, WOOD has underperformed QQQ with an annualized return of 6.04%, while QQQ has yielded a comparatively higher 20.44% annualized return.

WOOD

1D
-0.18%
1M
7.81%
6M
-2.77%
YTD
0.84%
1Y
3.37%
3Y*
0.18%
5Y*
-2.02%
10Y*
6.04%
ALL TIME*
4.07%

QQQ

1D
0.65%
1M
-3.45%
6M
10.89%
YTD
12.26%
1Y
24.81%
3Y*
22.29%
5Y*
14.23%
10Y*
20.44%
ALL TIME*
10.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

QQQ

Invesco QQQ ETF
$30.32B$28.40B$31.45B

WOOD

iShares Global Timber & Forestry ETF
$922.15K$727.96K$1.06M

WOOD vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WOOD
iShares Global Timber & Forestry ETF		0.84%-3.27%-4.21%13.84%-19.39%17.03%20.36%19.75%-17.73%34.49%
QQQ
Invesco QQQ ETF		12.26%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between WOOD and QQQ is 0.34, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.34

Correlation (3Y)
Balances recent behavior with more history.

0.40

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.49

Correlation (10Y)
Provides a long-term view across more market conditions.

0.51

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2008

0.61

Over the past year, the correlation between WOOD and QQQ has dropped to 0.34 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

WOOD vs. QQQ - Sectors Allocation Comparison

Sectors
WOOD
QQQ

Basic Materials

65.3%
1.0%

Consumer Cyclical

22.5%
10.7%

Real Estate

12.2%
0.1%

Communication Services

-

13.1%

Consumer Defensive

-

6.3%

Energy

-

0.5%

Financial Services

-

0.2%

Healthcare

-

3.6%

Industrials

-

2.7%

Technology

-

60.9%

Utilities

-

1.1%

Basic Materials

WOOD
65.3%
QQQ
1.0%

Consumer Cyclical

WOOD
22.5%
QQQ
10.7%

Real Estate

WOOD
12.2%
QQQ
0.1%

Communication Services

WOOD

-

QQQ
13.1%

Consumer Defensive

WOOD

-

QQQ
6.3%

Energy

WOOD

-

QQQ
0.5%

Financial Services

WOOD

-

QQQ
0.2%

Healthcare

WOOD

-

QQQ
3.6%

Industrials

WOOD

-

QQQ
2.7%

Technology

WOOD

-

QQQ
60.9%

Utilities

WOOD

-

QQQ
1.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Timber & Forestry ETF

Invesco QQQ ETF

Often compared with WOOD:
WOOD vs. CUTWOOD vs. SPYWOOD vs. GLDWOOD vs. VOOWOOD vs. VOOVWOOD vs. VTIWOOD vs. VNQ
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

WOOD vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
WOOD
WOOD Risk / Return Rank: 1515
Overall Rank
WOOD Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
WOOD Sortino Ratio Rank: 1515
Sortino Ratio Rank
WOOD Omega Ratio Rank: 1515
Omega Ratio Rank
WOOD Calmar Ratio Rank: 1414
Calmar Ratio Rank
WOOD Martin Ratio Rank: 1313
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 4949
Overall Rank
QQQ Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 4646
Sortino Ratio Rank
QQQ Omega Ratio Rank: 4545
Omega Ratio Rank
QQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
QQQ Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WOOD vs. QQQ - Risk-Adjusted Trends Comparison

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

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.

WOODQQQDifference
Sharpe ratioReturn per unit of total volatility
0.21
1.16

-0.95

Sortino ratioReturn per unit of downside risk
0.44
1.65

-1.21

Omega ratioGain probability vs. loss probability

1.05

1.21

-0.16

Calmar ratioReturn relative to maximum drawdown

0.18

1.88

-1.70

Martin ratioReturn relative to average drawdown

0.34

6.00

-5.66

WOOD vs. QQQ - Sharpe Ratio Comparison

The current WOOD Sharpe Ratio is 0.21, which is lower than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of WOOD and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WOOD vs. QQQ - Drawdown Comparison

The maximum WOOD drawdown since its inception was -63.25%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for WOOD and QQQ.

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Drawdown Indicators

WOODQQQDifference

Max Drawdown

Largest peak-to-trough decline

-63.25%

-82.97%

+19.72%

Max Drawdown (1Y)

Largest decline over 1 year

-21.64%

-11.96%

-9.68%

Max Drawdown (3Y)

Largest decline over 3 years

-22.79%

-22.77%

-0.02%

Max Drawdown (5Y)

Largest decline over 5 years

-30.71%

-35.12%

+4.41%

Max Drawdown (10Y)

Largest decline over 10 years

-50.20%

-35.12%

-15.08%

Current Drawdown

Current decline from peak

-17.97%

-7.69%

-10.28%

Average Drawdown

Average peak-to-trough decline

-14.83%

-32.62%

+17.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.43%

3.74%

+7.69%

Volatility

WOOD vs. QQQ - Volatility Comparison

The current volatility for iShares Global Timber & Forestry ETF (WOOD) is 5.30%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that WOOD experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WOODQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.30%

6.87%

-1.57%

Volatility (6M)

Calculated over the trailing 6-month period

14.61%

16.08%

-1.47%

Volatility (1Y)

Calculated over the trailing 1-year period

18.65%

19.38%

-0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.74%

22.90%

-3.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.74%

22.50%

-0.76%

WOOD vs. QQQ - Expense Ratio Comparison

WOOD has a 0.46% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

WOOD vs. QQQ - Dividend Comparison

WOOD's dividend yield for the trailing twelve months is around 2.34%, more than QQQ's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.44%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
WOOD
iShares Global Timber & Forestry ETF		2.34%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 QQQ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (6.87%) compared to WOOD (5.30%). In terms of maximum drawdown, WOOD dropped -63.25% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 20.44% vs 6.04% for WOOD. On fees, QQQ is cheaper at 0.18% per year. On volatility, WOOD has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 20.44% return vs 6.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.46% for WOOD.

WOOD has the higher dividend yield at 2.34%, compared with 0.44% for QQQ.

WOOD is categorized as Materials, while QQQ is Nasdaq-100. WOOD tracks S&P Global Timber & Forestry Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.46% for WOOD and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (1.16 vs 0.21), 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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